Single-specialty interventional pain management clinic chain Nivaan Care has raised $7 million in a Series A funding round led by Sorin Investments, with participation from existing investors W Health Ventures, Endiya Partners and Rebright Partners. The round comes just months after the company raised $4.25 million in seed funding in February 2025, led by Endiya Partners, underscoring strong investor confidence in its focused healthcare delivery model. Use of Capital Nivaan Care said the fresh capital will be used to: Business Model and Presence Founded in 2023, New Delhi-based Nivaan Care operates single-specialty clinics focused on chronic pain conditions such as…
Author: Adarsh Kumar
Amid global trade volatility and rising protectionism, JSW Steel is doubling down on India’s domestic demand story with one of the largest capital expenditure plans in the sector. JSW Steel will invest over ₹2 trillion by FY31, as the company expands capacity, deepens downstream integration and bets on sustained growth in domestic steel consumption, according to Jayant Acharya, Joint Managing Director and CEO. Speaking in an audio interview, Acharya said the investment programme is anchored around capacity expansion, mining assets, digital initiatives and green steel projects, even as global steel markets remain volatile. Q4 outlook: Prices recovering after multi-year lows…
Mumbai-based private lender Kotak Mahindra Bank reported a steady performance in the December quarter, supported by loan growth and improving asset quality, even as margins remained under pressure. Kotak Mahindra Bank on Saturday reported a 5% year-on-year rise in consolidated net profit to ₹4,924 crore for the third quarter ended December 2025 (Q3 FY26). On a sequential basis, profit increased 10%. On a standalone basis, the bank’s net profit grew 4% YoY to ₹3,446 crore, aided by stable net interest income and controlled credit costs. Core Income Growth Remains Modest Net Interest Income (NII) rose 5% YoY to ₹7,565 crore,…
UltraTech Cement, India’s largest cement maker, reported a 27% year-on-year rise in consolidated net profit to ₹1,729.44 crore for the quarter ended December 2025 (Q3 FY26), aided by higher volumes and operational efficiencies. The Aditya Birla Group flagship had posted a profit of ₹1,363.44 crore in the corresponding quarter last year, according to a regulatory filing. Revenue, volumes see sharp uptick Revenue from operations increased 22.8% YoY to ₹21,829.68 crore in Q3 FY26, compared with ₹17,778.83 crore in the year-ago period. Including other income, total consolidated income stood at ₹21,965.26 crore. Sales volumes rose 15% to 33.85 million tonnes (MT)…
Artificial intelligence (AI) has the potential to add $550 billion to India’s gross domestic product by 2035 at a nominal level, according to an economic modelling study by PwC India. The projected gains are expected to come primarily from five sectors agriculture, education, energy, healthcare and manufacturing. The report highlights agriculture as one of the biggest beneficiaries of AI adoption. The sector employs nearly half of India’s workforce and contributes about 18% to the country’s GDP. PwC estimates that the use of AI-driven technologies in agriculture could generate up to $154 billion in additional value by 2035. The study notes…
Non-bank lender Piramal Finance reported a sharp improvement in profitability for the December quarter, with net profit jumping to ₹401 crore, compared with ₹39 crore in the same period last year, supported by strong asset growth, margin expansion and controlled costs. The company’s managing director and chief executive officer, Jairam Sridharan, said the performance was driven by a combination of higher assets under management (AUM), improved net interest margins (NIMs), disciplined operating expenses and lower credit costs. AUM Growth and Margin Expansion During the quarter, Piramal Finance’s AUM grew by over 23% year-on-year, while NIMs expanded by 50 basis points…
PepsiCo India on Friday announced the appointment of Savitha Balachandran as its new Chief Financial Officer for India and South Asia, marking a key leadership transition at the consumer goods major. Balachandran will succeed Kaushik Mitra, who is set to retire on April 15 after a 24-year career with PepsiCo. The company said she will take charge following a structured transition period. In her new role, Balachandran will oversee PepsiCo’s finance function across India and South Asia, with responsibilities spanning financial strategy, governance, risk management and performance oversight. She will also work closely with the leadership team to support the…
The World Bank has approved an $815 million long-term financing package for the 1,125 MW Dorjilung Hydropower Project in Bhutan, a project backed by Tata Power, which holds a 40% stake. The remaining 60% stake in the project’s special purpose vehicle is owned by Bhutan’s state run Druk Green Power Corporation (DGPC). Tata Power said the World Bank’s Board of Executive Directors has approved the financing for the project, which will be developed under a public-private partnership (PPP) framework. Financing Structure The approved funding package includes: The remaining funding requirement for the project will be mobilised from market participants and…
Shares of Adani Group companies erased nearly $12.5 billion in market capitalisation on Friday after the US Securities and Exchange Commission sought court permission to serve summons to group founder Gautam Adani and executive Sagar Adani via email in connection with an alleged bribery and fraud investigation. Adani Enterprises Leads Declines On Friday, Adani Enterprises emerged as the top percentage loser on the Nifty 50, with its shares falling 10.65% to ₹1,864.20, compared with a 0.95% decline in the benchmark index. Across the group, shares ended the session down between 3.4% and 14.54%, reflecting broad-based investor concern following the US…
Infra.Market and Purple Style Labs (PSL) have received approval from the Securities and Exchange Board of India (SEBI) to launch their initial public offerings, according to observations issued by the market regulator. The clearances mark another step forward in the revival of India’s primary markets pipeline, with multiple new age and consumer-focused companies lining up for public listings. Infra.Market’s Rs 5,000 Cr IPO plan Infra.Market’s approval comes nearly three months after the building materials unicorn confidentially filed its draft red herring prospectus (DRHP) with SEBI. The Mumbai-based company is looking to raise Rs 5,000 crore through its IPO. The proposed…