India’s economy is expected to grow 7.4% or higher in FY26, according to economists, as the National Statistical Office (NSO) prepares to release the first advance estimates of gross domestic product (GDP) for the ongoing financial year on Wednesday. The upcoming release will be significant as it marks the final GDP estimates based on the 2011-12 base year, ahead of the government’s planned transition to a new national accounts series with a 2022-23 base, scheduled to be rolled out next month. The rebasing exercise is aimed at better capturing structural shifts in the economy, including changes in consumption patterns, technology…
Author: Adarsh Kumar
Homegrown beer startup Proost delivered a strong performance in FY25, crossing the Rs 100 crore revenue milestone while also achieving EBITDA breakeven, marking a key inflection point in its growth journey. According to a company release, Proost’s revenue from operations jumped 174% year-on-year to Rs 115 crore in FY25, up from Rs 42 crore in FY24. The sharp increase was driven primarily by a significant expansion in sales volumes during the year. Proost said its sales volume rose from 2.5 lakh cases in FY24 to 8 lakh cases in FY25, reflecting deeper market penetration and improved distribution across key regions.…
Venezuela will need to invest around $183 billion over the next 15 years till 2040 to raise its crude oil production to 3 million barrels per day (mbpd), according to energy research firm Rystad Energy The South American nation currently produces about 1.1 mbpd, far below its peak levels of the late 1990s. Rystad Energy estimates that nearly $53 billion in upstream and infrastructure investment will be required just to maintain production at current levels through 2040. Without sustained capital inflows, Venezuela’s output risks further stagnation amid ageing fields, decaying infrastructure and years of underinvestment. The report notes that with…
Gurugram-based beauty and personal care brand BellaVita has reported a strong financial turnaround in FY25, posting a net profit of ₹25 crore after recording losses in the previous fiscal. The profitability milestone was driven by sharp revenue growth and improved cost efficiency. According to financial statements filed with the Registrar of Companies (RoC), BellaVita’s operating revenue jumped 2.5x to ₹456 crore in FY25, compared with ₹184 crore in FY24. The company primarily earns revenue from the sale of fragrances, skincare and personal care products across online marketplaces and its own direct-to-consumer channels, which remained its sole revenue stream during the…
A special court under the Prevention of Money Laundering Act (PMLA) in Mumbai has reportedly issued a summons to businessman Raj Kundra after taking cognisance of a supplementary chargesheet filed by the Enforcement Directorate (ED) in the GainBitcoin cryptocurrency fraud case. As per media reports, Kundra has been directed to appear before the court on January 19, 2026. The development marks another significant step in the ED’s long-running investigation into the GainBitcoin scheme, one of India’s largest alleged cryptocurrency scams. The Bitcoin based investment operation was allegedly run by the late Amit Bhardwaj and his brother Vivek Bhardwaj, and is…
The Payments Regulatory Board (PRB), chaired by Reserve Bank of India (RBI) Governor Sanjay Malhotra, held its first-ever meeting on Monday, marking a significant step in strengthening oversight of India’s fast-evolving payments ecosystem. During the meeting, the board reviewed the functioning of the Department of Payment and Settlement Systems (DPSS) and discussed key focus areas across both domestic and global payment systems, the RBI said in an official release. The discussions reflected the regulator’s emphasis on ensuring safety, resilience and innovation in the country’s rapidly expanding digital payments landscape. A key agenda item was the presentation of the draft Payments…
State-owned oil and gas major ONGC has entered into a strategic joint venture with Japanese shipping company Mitsui OSK Lines (MOL) to strengthen its presence in specialised energy logistics. The Maharatna PSU said it will acquire a 50% stake each in two joint venture companies that will own and operate ethane carriers for transporting feedstock to its petrochemicals arm. Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of ₹100 each in Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited, both incorporated at GIFT City, Gandhinagar. The remaining stake will be held by Mitsui…
Awfis Space Solutions has announced a key leadership change with Chief Financial Officer Ravi Dugar tendering his resignation, effective February 2, 2026. The company said Dugar will step down to pursue other career opportunities and will continue in the role until his last working day to ensure a smooth transition, according to a regulatory filing. The Awfis board has approved the appointment of Sumit Rochlani as the new CFO, effective February 3, following recommendations from the nomination and remuneration committee and approval of the audit committee. Rochlani is a chartered accountant with over 14 years of experience spanning audit, controllership,…
Bengaluru-based managed care startup Even Healthcare has raised $20 million in a fresh funding round led by existing investors Lachy Groom and Alpha Wave, with participation from Sharrp Ventures. The latest fundraise comes within 15 months of the company’s $30 million Series A round in October 2024. With this infusion, Even Healthcare’s total funding has reached $70 million, while its valuation has more than doubled over the past year, reflecting growing investor confidence in its integrated healthcare delivery model. The company said the capital will be used to expand its hospital footprint in Bengaluru and accelerate the rollout of its…
Dream Sports-owned sports streaming platform FanCode has secured exclusive media rights to broadcast men’s tennis across the Indian subcontinent, strengthening its position as a leading digital destination for global sports content. Under a multi year agreement with ATP Media, FanCode will stream ATP Tour matches across India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan and the Maldives. The partnership covers more than 50 tournaments annually, including marquee events such as ATP Masters 1000, ATP 500 and ATP 250 tournaments, as well as the season-ending Nitto ATP Finals. As part of the deal, FanCode plans to introduce India-focused programming, including original shows,…