Billionaire entrepreneur Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking damages ranging from $79 billion to $134 billion for allegedly abandoning OpenAI’s original non-profit mandate and misleading him as a founding contributor. The damages claim was detailed in a court filing on Friday, a day after a US federal judge rejected OpenAI and Microsoft’s attempt to dismiss the case, paving the way for a jury trial scheduled for late April in Oakland, California. Claim Tied to OpenAI’s Valuation and Early Contributions According to the filing, Musk argues that he was defrauded of both his $38 million…
Author: Adarsh Kumar
The Uttar Pradesh government is preparing to allot nearly 1,000 acres of additional land across multiple nodes of the Uttar Pradesh Defence Industrial Corridor (UPDIC), a move expected to unlock investments of around ₹3,500 crore in the state’s defence manufacturing ecosystem. According to an official government release issued on Friday, the proposed land allotments are part of a broader effort to convert existing investment proposals into executable projects and accelerate Uttar Pradesh’s ambition of becoming a major defence production hub. Boost to Defence Manufacturing Push The state government said the planned allotments would significantly strengthen industrial activity within the corridor…
India’s largest company by market capitalisation, Reliance Industries, reported a largely flat profitability performance in the third quarter of FY26, even as revenue growth remained robust across its diversified businesses. The oil-to-telecom conglomerate posted a consolidated net profit of ₹18,645 crore in Q3FY26, marginally higher than ₹18,540 crore reported in the year-ago period, according to a regulatory filing. On a quarter-on-quarter basis, profit increased 2.6% from ₹18,165 crore in Q2FY26. Revenue Growth Remains Strong Reliance’s revenue from operations rose 10.5% year-on-year to ₹2,69,496 crore, compared with ₹2,43,865 crore in Q3FY25. Sequentially, revenue increased 4% from ₹2,58,898 crore, reflecting steady operating…
State-owned lender Central Bank of India reported a strong improvement in profitability in the third quarter ended December 2025, posting a 32% year-on-year rise in net profit to ₹1,263 crore, aided by lower bad loans and reduced provisioning. The Mumbai-based bank had reported a net profit of ₹959 crore in Q3 of the previous fiscal year, according to a regulatory filing. Total Income and Interest Earnings Rise During the quarter, total income increased to ₹10,969 crore, compared with ₹9,739 crore in the same period last year. The bank’s interest income rose to ₹9,033 crore, up from ₹8,509 crore a year…
Online astrology platform AstroTalk has rapidly scaled its e-commerce business, with its spiritual products arm AstroTalk Store generating over ₹140 crore in revenue in calendar year 2025, the company said in a statement. Launched in November 2024, the AstroTalk Store is currently operating at an annualised run rate (ARR) of more than ₹200 crore, marking one of the fastest scale-ups in India’s trust-led spiritual commerce segment. From Pilot to Scaled Business AstroTalk said the Store was initially incubated with a modest internal investment of ₹30 lakh, aimed at testing demand for authenticated, astrology-led spiritual products. Following early traction and strong…
IT services major Tech Mahindra reported a 14% year-on-year increase in consolidated net profit to ₹1,122 crore for the third quarter of FY26, driven by steady revenue growth, strong deal wins, and continued margin expansion. The company had posted a net profit of ₹983.2 crore in Q3 FY25, according to its regulatory filing. On a quarter-on-quarter basis, profit declined 6.03% from ₹1,194 crore in Q2 FY26. Revenue Sees Steady Growth Tech Mahindra’s revenue from operations rose 8.34% YoY to ₹14,393 crore in Q3 FY26, compared with ₹13,285 crore in the same quarter last year. Sequentially, revenue increased 2.85% from ₹13,994…
Bengaluru-based home healthcare services provider Portea reported a marked improvement in its financial performance in the fiscal year ended March 2025, as steady revenue growth coupled with controlled expenses helped the company halve its losses. According to its consolidated financial statements filed with the Registrar of Companies (RoC), Portea’s revenue from operations grew 15% year-on-year to ₹160 crore in FY25, up from ₹139 crore in FY24. At-Home Services Remain Core Revenue Driver Portea offers a wide range of at-home healthcare services, including nursing, physiotherapy, medical equipment rentals, attendant care, lab tests, doctor consultations, and specialised care. Revenue from services remained…
Digital health and diabetes management startup Sugar.fit reported strong top line growth in the fiscal year ended March 2025, even as losses narrowed modestly amid rising operating expenses. According to its financial statements filed with the Registrar of Companies (RoC), Sugar.fit’s revenue from operations surged 77% year-on-year to ₹66.5 crore in FY25, compared to ₹37.5 crore in FY24. Service Revenue Drives Scale-Up Sugar.fit offers a technology enabled diabetes care programme that combines digital tools with personalised human intervention. Revenue from services remained the sole source of operating income for the company. Including other income of ₹8.5 crore, Sugar.fit’s total income…
Jio Financial Services reported a 9% year-on-year decline in consolidated net profit to ₹269 crore for the third quarter ended December 31, 2025, even as total income nearly doubled during the period. The company had posted a consolidated net profit of ₹295 crore in Q3 FY25, according to a regulatory filing. Sequentially, profit declined sharply from ₹695 crore reported in Q2 FY26. Total Income Nearly Doubles YoY During the quarter, total income surged to ₹901 crore, up from ₹449 crore in the year-ago period, reflecting scale up across its financing, payments, and allied financial services businesses. However, the strong top…
Managed office space provider Smartworks delivered a strong operational performance in the third quarter of FY26, reporting double-digit revenue growth and turning profitable during the period. According to its unaudited consolidated financial statements filed with the National Stock Exchange (NSE), Smartworks’ revenue from operations rose 34% year-on-year to ₹472 crore in Q3 FY26, compared with ₹352 crore in the corresponding quarter last year. Core Office Services Drive Growth Smartworks derives the bulk of its revenue from the development, design, and licensing of managed and serviced office spaces, along with fit-out services. The company also earns income from ancillary offerings linked…