JSW Steel and Japan’s JFE Steel Corporation have announced a 50:50 joint venture to expand the Bhushan Power and Steel Ltd (BPSL) facility in Sambalpur, Odisha, with an estimated investment of ₹32,000 crore. The project involves a 6 million tonnes per annum (mtpa) brownfield expansion, significantly boosting the production capacity of the Odisha unit and strengthening JSW Steel’s footprint in eastern India. The companies also unveiled the new entity JSW Steel JFE Steel Limited, which will house the integrated steel operations of BPSL. As part of the agreement, JFE Steel will hold a 50% stake, translating to an investment of…
Author: Adarsh Kumar
Adani Green Energy reported a 34% jump in consolidated profit for Q4 FY26, driven by higher power sales and increased capacity utilisation. The company posted a net profit of ₹3,420 crore for the quarter ended March 31, compared to ₹383 crore in the same period last year, reflecting strong operational performance. Revenue from its core power supply business grew 16% to ₹3,094 crore, while energy sales surged 34%, supported by rising demand and improved generation capacity. At the operating level, EBITDA from the power supply segment increased 20% to ₹2,944 crore, with margins remaining stable at 91%, indicating high efficiency…
Hindustan Zinc Limited reported its highest ever quarterly profit and revenue in Q4 FY26, driven by strong zinc and silver prices, record production levels, and lower costs. The company’s consolidated net profit surged 68% year-on-year to ₹5,033 crore, compared to ₹3,003 crore in the same quarter last year. Revenue from operations also saw significant growth, rising 49% to ₹13,544 crore, marking an all-time high for the company. On the profitability front, EBITDA increased 61% to ₹7,747 crore, while the EBITDA margin expanded to 57%, up from 53% in Q4 FY25, reflecting improved operational efficiency. The strong performance was supported by…
AI-based brand analytics platform GobbleCube has seen its co-founders’ stake diluted by over 70% following its recent $15 million Series A funding round led by Susquehanna Venture Capital, with participation from existing investors Info Edge Ventures and Kae Capital. According to regulatory filings, the company issued 37,735 Series A preference shares at an issue price of ₹35,776 each, raising approximately ₹135 crore ($15 million). Susquehanna led the round with an investment of ₹81 crore, while Info Edge Ventures and Kae Capital infused ₹31.5 crore and ₹22.5 crore, respectively, increasing their ownership in the company. Post funding, GobbleCube’s valuation has surged…
Omnichannel jewellery retailer BlueStone reported a strong 48% year-on-year growth in revenue to ₹681 crore in Q4 FY26, while posting a net profit of ₹31 crore, according to its filings. The company had recorded ₹461 crore revenue in Q4 FY25, highlighting robust demand across its jewellery portfolio. For the full financial year ended March 2026, BlueStone reported a 38% increase in revenue to ₹2,436 crore, up from ₹1,770 crore in FY25. Notably, the company turned profitable for the year, reporting a net profit of ₹13 crore, compared to a loss of ₹222 crore in the previous fiscal. BlueStone derives its…
AI-powered cybersecurity startup Deep Algorithm has raised ₹16 crore in a pre-Series A funding round led by Unicorn India Ventures, with participation from SB Investment (UAE), Prakash Govindan, and Himanshu Singhal. The company plans to use the fresh capital to expand into international markets, accelerate product development, and strengthen its platform with advanced identity and AI-driven security capabilities. Founded in 2021, Deep Algorithm focuses on building enterprise cybersecurity solutions centered around identity risk management, fraud prevention, and threat detection. Its product suite includes adapID-AI, a behavioural identity intelligence platform, and BotShield-AI, which offers zero-day threat prevention, DDoS mitigation, and runtime…
PitchKaroIndia 2026 is positioning itself as a launchpad for India’s next generation of entrepreneurs, offering founders access to funding, mentorship, and strong investor networks through a nationwide startup platform. The initiative is designed to unlock India’s entrepreneurial potential by connecting early stage and growth stage startups with venture capital firms, industry experts, and global investors. A major highlight of the program is the opportunity to secure up to ₹1 crore in funding, supported by international investors including participants from Silicon Valley. PitchKaroIndia has been built with a focus on inclusivity, allowing student-led startups, first time founders, and scaling companies to…
Homegrown D2C coffee brand Sleepy Owl has raised ₹12 crore (around $1.3 million) in a fresh funding round from a mix of new and existing investors, including the Gauri Khan Family Trust, Optiscape Network Holdings, and Pramod Bhasin. This marks the company’s first fundraise in over 2.5 years, following its ₹15 crore round in October 2023 led by Rukam Capital and DSG Consumer Partners. Earlier, it had raised $6.5 million in Series A funding in 2021. The company’s board has approved the issuance of 37,944 Series C2 preference shares at ₹3,162.55 per share to complete the round. Optiscape Network Holdings…
Amazon India has announced an investment of ₹2,800 crore (around $300 million) to strengthen its logistics network and quick commerce operations, as part of its broader $35 billion India investment commitment by 2030. A key portion of the investment will be used to expand its quick commerce vertical, Amazon Now, with plans to double its footprint. Currently, the service operates in Delhi NCR, Mumbai, and Bengaluru, supported by nearly 300 micro fulfilment centres. Alongside quick commerce, Amazon will continue expanding its pan India e-commerce infrastructure, including warehouses and last mile delivery stations, to improve delivery speed and reliability. This move…
Former Dunzo co-founder Kabeer Biswas is raising ₹102 crore (around $11 million) for his new consumer AI startup M, with Peak XV Partners leading the round. The funding round also sees participation from Blume Ventures and CRED (Dreamplug Technologies, led by Kunal Shah). Co-founded by Kabeer Biswas and Kartik Mishra, M is building a consumer AI platform aimed at reducing friction in managing everyday home operations by automating decisions, coordination, and services. Incorporated in 2025 as Curious Digital Pvt Ltd, the company has approved issuing 54,956 Series Seed CCPS at ₹18,577 each to raise the planned capital, as per regulatory…