India’s economic growth continues to be driven by its major urban centres, with Mumbai and Delhi NCR expected to remain the country’s largest contributors to gross domestic product (GDP) in 2026. Mumbai is projected to top the list with an estimated GDP of ₹25.73 lakh crore, reinforcing its position as India’s financial capital. The city’s economy is anchored by financial services, capital markets, media, entertainment and a strong services sector, supported by a deep talent pool and robust infrastructure. Close behind is Delhi NCR, with a projected GDP of ₹24.37 lakh crore. The region’s economic strength stems from a diversified…
Author: Adarsh Kumar
Shares of Vedanta extended their strong rally on Thursday, hitting a fresh record high of ₹759.30 on the BSE during intra-day trade, even as broader markets remained subdued. At around 12:32 PM, the BSE Sensex was down 0.17% at 82,206, while Vedanta’s stock was trading higher for the sixth consecutive session, rising nearly 13% during this period. Strong momentum across time frames Over the past one month, Vedanta’s share price has surged 28%, while in the last six months, the stock has jumped 72%, sharply outperforming the Sensex, which has gained just 1% during the same period. The sharp rally…
Meerut-based transformer manufacturer Kanohar Electricals has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The proposed public issue comprises a fresh issue of equity shares worth up to ₹300 crore and an offer for sale (OFS) of up to 14.59 million shares by promoter entity K Sons Family Trust, according to the DRHP. Use of IPO Proceeds Kanohar Electricals plans to deploy the net proceeds from the fresh issue primarily towards capacity expansion and working capital requirements. As per the filing: ₹130 crore…
Non-bank lender Mahindra & Mahindra Financial Services on Wednesday reported a 10% year-on-year decline in consolidated net profit to ₹826 crore for the quarter ended December 2025 (Q3 FY26), impacted by one-time adjustments related to the new labour code. The company had reported a consolidated net profit of ₹918 crore in the corresponding quarter last year. On a standalone basis, profit after tax declined 10% to ₹810 crore, compared with ₹899 crore in Q3 FY25. Labour Code Impact and Adjusted Profit Mahindra Finance said the implementation of the new labour code resulted in a one-time impact of ₹97 crore during…
Deep-tech startup Vimag Labs has raised $5 million in a funding round led by Accel, with participation from Chakra Growth Fund and Thinkuvate. The company said the fresh capital will be used to accelerate commercialisation of its patented virtual magnet synchronous motor platform, while also expanding its engineering and manufacturing capabilities. What Vimag Labs Builds Co-founded in September 2025 by Manish Seth and Piyush Desai, Bengaluru based Vimag Labs is developing magnet free electric motor technology aimed at reducing dependence on rare earth metals, which are subject to supply chain concentration and price volatility. Instead of permanent magnets, Vimag’s motors…
Mumbai based housing finance company Easy Home Finance has raised $30 million in a Series C funding round led by Investcorp, with participation from existing investors Claypond Capital and SMBC Asia Fund. With the latest infusion, Easy Home Finance’s total funding has reached approximately $130 million, strengthening its balance sheet as it scales operations in India’s affordable housing finance segment. Use of Capital The company said the fresh capital will be used to: The lender aims to deepen penetration in tier II and tier III cities, where demand for affordable and mid-income housing finance continues to rise. Business Model Founded…
Edtech unicorn Vedantu reported moderate revenue growth but widening losses in the financial year ended March 2025 (FY25), as higher employee and operating costs continued to weigh on profitability. According to consolidated financial statements filed with the Registrar of Companies (RoC), Vedantu’s revenue from operations rose 23% year-on-year to ₹227 crore, compared with ₹185 crore in FY24. However, loss before tax increased 25% to ₹210 crore, up from ₹168.5 crore in the previous year. Revenue Mix Vedantu’s business remains heavily skewed towards online education. Vedantu offers online classes for Grades 6–12, along with study material for Grades 1–12 and JEE…
Consumer health and supplements startup The Stack has raised ₹5.5 crore in a pre-seed funding round, co-led by OTP Ventures and Huddle Ventures, with participation from a group of angel investors. The company said the fresh capital will be used to strengthen research and development, expand its product pipeline, build the early leadership and execution team, and invest in branding and packaging. Building a Science-First Supplements Brand Co-founded in 2024 by Shreya Jain and Kshitij Rihal, The Stack is positioning itself as a science-backed, quality first supplements brand focused on a narrow set of health outcomes impacted by modern lifestyles.…
New Delhi-based electronics contract manufacturer Aimtron Electronics said it expects to generate additional annual revenue of $25–30 million (₹230–275 crore) following its acquisition of US based electronics manufacturing and design services firm ICS. In a regulatory filing, Aimtron said the acquisition would help the company diversify its operational footprint and mitigate risks arising from tariffs, supply chain disruptions and geopolitical uncertainty, by strengthening its presence in the United States. Strategic Rationale ICS provides Aimtron with a manufacturing base in the US, an experienced engineering team and long-term customer programmes. The acquired company operates in the electronic systems design and manufacturing…
Indian electronics manufacturers are set to gain preferential access to the European Union’s nearly $750 billion electronics market under a proposed India-EU trade agreement, a move that could significantly accelerate India’s ambitions to become a global electronics manufacturing hub. Industry estimates suggest that Indian companies could export up to $50 billion worth of electronics to the EU by 2031, provided the agreement is finalised and implemented as expected. The deal is also likely to give Indian manufacturers cheaper and easier access to advanced European machinery, equipment and production technologies, which are critical for scaling up complex electronics manufacturing. The proposed…