Upskilling-focused edtech platform Simplilearn witnessed a contraction in its top line during the fiscal year ended March 2025, as a sharp decline in its self-learning business weighed on overall revenue. However, aggressive cost rationalisation helped the company significantly reduce its losses during the year. According to its consolidated financial statements sourced from the Registrar of Companies (RoC), Simplilearn’s operating revenue fell 26% year-on-year to Rs 556 crore in FY25 from Rs 750 crore in FY24. Self-learning revenue collapses, live programs drive growth Founded as a digital upskilling platform offering courses in cybersecurity, cloud computing, data science, digital marketing and project…
Author: Adarsh Kumar
Indian IT services major Tech Mahindra has been featured in a global list of organisations leading the adoption of artificial intelligence (AI) in real-world applications, alongside companies such as AMD, Siemens and PepsiCo. The list is part of a report on MINDS (Meaningful, Intelligent, Novel, Deployable Solutions) organisations, produced by the World Economic Forum (WEF) in collaboration with Accenture. The report identifies 20 organisations that have successfully moved beyond AI experimentation to deliver measurable impact at scale. According to the WEF, the study analysed hundreds of AI use cases across more than 30 countries and over 20 industries, including healthcare,…
Safe-haven demand, supply tightness and global uncertainty drive sharp rally; experts advise buying on dips for long term Silver prices surged sharply on Monday, hitting a fresh lifetime high of ₹3 lakh per kilogram on the Multi Commodity Exchange of India (MCX), as strong global cues and safe haven demand continued to fuel the rally in precious metals. On the MCX, silver gained over 5% in intraday trade, taking its cumulative rise to nearly 28% in calendar year 2026 (CY26) so far. The metal had already delivered a stellar 216.7% return in CY25, emerging as one of the best-performing asset…
Budget assumptions likely to factor moderate inflation and slower base growth as Centre prepares FY27 fiscal math India’s nominal gross domestic product (GDP) growth for the financial year 2026–27 (FY27) is likely to be pegged in the 10–10.5% range, economists said, as the Centre prepares to present the Union Budget on February 1. According to a compilation of public statements and a poll of economists, the Ministry of Finance is expected to use this growth assumption as the basis for key fiscal calculations in the upcoming Budget. The estimate follows the first advance estimates for FY26, released earlier this month,…
Muted topline growth and higher finance costs weigh on performance as agri-value chain platform remains pre-tax profitable during the fiscal year Chennai-based agri-value chain enabler Samunnati reported flat growth in the fiscal year ended March 2025, while continuing to remain profitable at the pre-tax level, according to its consolidated financial statements filed with the Registrar of Companies (RoC). The company’s gross revenue stood at ₹2,434 crore in FY25, marginally higher than ₹2,404 crore in FY24, reflecting subdued growth amid a challenging operating environment. Founded in 2014, Samunnati operates as a specialised agri ecosystem platform, offering both financial and non-financial solutions…
Jaipur-based non-banking finance company Namdev Finvest has raised $37 million (around ₹324 crore) through a mix of listed non-convertible debentures (NCDs) and external commercial borrowings (ECB), as the lender looks to deepen its MSME lending footprint across rural and semi-urban India. The funding round saw participation from global development finance institutions and impact-focused investors, including FMO, Impact Investment Exchange (IIX), Franklin Templeton Alternative Investments Fund India, and Symbiotics. FMO, the Dutch Entrepreneurial Development Bank, led the round with a $20 million commitment, while IIX’s Women’s Livelihood Bond 7 (WLB7) invested $8 million. Franklin Templeton AIF India contributed $2.3 million, and…
Writing on X could soon come with a seven figure payout. Elon Musk owned social media platform X has announced a $1 million reward for the best performing long form article published on the platform during its next creator payout cycle, marking one of the largest incentives ever offered by a social media company to individual creators. The announcement was made by X’s official Creators account on Saturday. Responding to the post, Elon Musk confirmed the initiative, stating, “$1M prize for the top X article.” According to the official rules published on X’s legal platform, the contest will run from…
State-owned UCO Bank on Saturday reported a 15.76% year-on-year rise in net profit to ₹739.51 crore for the quarter ended December, driven by higher interest income, improved asset quality and lower provisioning. The Kolkata headquartered lender had posted a net profit of ₹638.83 crore in the corresponding quarter of the previous financial year. During the October–December period, the bank’s total income increased to ₹7,521.16 crore, compared with ₹7,405.89 crore a year earlier, according to a regulatory filing. Interest income remained the key growth driver, rising to ₹6,651.84 crore from ₹6,219.96 crore in the year ago quarter, reflecting steady advances growth…
HDFC Bank on Saturday reported a 12.17% year-on-year increase in consolidated net profit to ₹19,807 crore for the quarter ended December, supported by steady core income growth despite margin pressure and higher operating costs. The country’s largest private sector lender had posted a consolidated profit of ₹17,657 crore in the corresponding quarter last year and ₹19,611 crore in the September quarter. On a standalone basis, net profit rose 11.46% year-on-year to ₹18,653.75 crore during the October–December period, according to an exchange filing. The bank’s net interest income (NII), a key indicator of core lending performance, increased 6.4% to ₹32,600 crore,…
From building a ₹1 crore digital product system to making the playbook accessible for everyone In a digital economy flooded with shortcuts and loud promises, Unskip Academy is taking a different route one focused on systems, execution, and long-term thinking. Founded by Vishal Khare and Abdul Wahab, the creators behind Flexi Glitz, Unskip Academy emerged from a simple realisation:most aspiring digital creators don’t fail due to lack of ambition, but due to lack of structured guidance. Before launching the academy, the founders spent years building and scaling their own digital product ecosystem combining digital assets, AI automation, web funnels, and…