Indian Railways has hiked passenger fares for the second time in FY26, as the Ministry of Railways looks to strengthen its revenue base while keeping the impact on travellers limited. Officials termed the move “modest and calibrated”, aimed at addressing rising costs without significantly burdening passengers. The latest fare revision is expected to generate additional revenue of around ₹600 crore during FY26, the ministry said. Based on current passenger volumes, the annualised revenue impact could have reached nearly ₹2,400 crore, indicating the scale of earnings potential from incremental fare adjustments. Fare Hike Effective December 26 The revised fares will come…
Author: Adarsh Kumar
Tesla, SpaceX and xAI CEO Elon Musk has further cemented his position as the world’s richest person after a US court reinstated his massive Tesla stock compensation plan, sharply boosting his net worth and bringing him closer to becoming the world’s first trillionaire. Elon Musk’s net worth has surged to nearly $750 billion after the Delaware Supreme Court in the US restored his 2018 Tesla pay package, reversing an earlier court ruling that had scrapped the deal. According to Forbes’ billionaires list, the reinstatement of Musk’s Tesla stock options currently valued at around $139 billion has significantly increased his overall…
Test preparation platform Unacademy has revised its ESOP policy for exited employees, allowing them to exercise their vested stock options within 30 days of exit, a significant change from the earlier policy that permitted a much longer exercise window. According to an official communication sent to former employees, the company’s board has approved a one-time 30-day exercise window from the effective date of the revised plan. Ex-employees can exercise all vested options earned during their tenure, subject to applicable taxation. However, the company cautioned that exercising ESOPs would trigger immediate tax liability under Indian tax laws, even though the shares…
Beverage major Parle Agro reported a sharp surge in profitability in FY25, with consolidated net profit rising more than sixfold to ₹115.38 crore, compared to ₹17.3 crore in the previous fiscal year, according to financial data accessed via Tofler. The company’s revenue from operations grew 5% year-on-year to ₹3,284.13 crore, driven by steady demand across its flagship beverage brands including Frooti, Appy, SMOODH and Bailley. Total income for the year stood at ₹3,370.14 crore, marking a similar annual growth. The strong profit expansion came despite modest top-line growth, aided by tighter cost controls and lower advertising spends. Advertising and promotional…
Fortis Healthcare has strengthened its presence in Bengaluru with the acquisition of People Tree Hospital, a 125-bed facility located in Yeshwanthpur, for ₹430 crore. The transaction was executed through the purchase of 100% equity in TMI Healthcare, which owns and operates the hospital. As part of the deal, Fortis will acquire the hospital infrastructure, underlying land, and an additional 0.8-acre adjacent land parcel from a third party. The healthcare major also announced plans to invest an additional ₹410 crore over the next three years, taking the total investment to ₹840 crore, to significantly scale operations. Following the expansion, People Tree…
Bengaluru-based visual telematics startup Cautio is set to acquire Bytes, an AI-powered two wheeler safety technology startup backed by Nikhil Kamath’s WTFund. The deal will be a 100% acquisition, with Cautio buying out Bytes entirely. Sources said the transaction has been finalised and is expected to close within the next two to three weeks, subject to customary approvals. Financial details of the acquisition remain undisclosed. Founded to build AI-driven Advanced Driver Assistance Systems (ADAS) for two-wheelers, Bytes focuses on improving rider safety through computer vision, real-time alerts, and predictive risk detection. The startup gained early traction after receiving non-dilutive backing…
Longevity-focused health startup GABIT has acquired Sweden-based clean nutrition brand Näck for an undisclosed amount, marking its entry into the fast growing supplements and nutrition outcomes market. The acquisition strengthens GABIT’s ambition to move beyond health tracking into data backed nutrition and longevity solutions. With this deal, Näck’s science-led supplement portfolio will be fully integrated into GABIT’s digital health ecosystem, which already includes a titanium smart ring, AI-powered health coaching, diagnostics, and longevity-focused skincare. The integration will allow users to track how supplements directly impact key health metrics such as sleep quality, recovery, metabolic health, and stress levels. Founded in…
The Enforcement Directorate (ED) has conducted searches at premises linked to fantasy sports platform Dream11 as part of an ongoing money laundering investigation connected to the alleged ₹2,000 crore fraud involving Jai Corp Ltd, according to people familiar with the matter. The searches were carried out under the Prevention of Money Laundering Act (PMLA) to assess the extent of Dream11’s involvement and to examine the financial exposure of key individuals linked to the case. Investigators are probing whether funds allegedly misappropriated by Jai Corp were routed through technology-enabled platforms, including sports gaming and digital intermediaries. The development follows a First…
CuePilot AI, a voice-first, AI-native platform for preschools and daycares, has raised $1.8 million in a pre-seed funding round led by Unilazer Ventures, backed by upGrad founder Ronnie Screwvala. The round also saw participation from Eximius Ventures and Titan Capital, marking strong early investor confidence in the startup’s vision. Founded in 2023 by Adithya Narayanan and Ankur Agarwal, CuePilot AI is building a full stack preschool management system designed to significantly reduce administrative workload for teachers and school administrators. The platform leverages voice enabled artificial intelligence to capture short teacher debriefs and classroom context, converting them into structured academic records,…
Decathlon India, the Indian arm of French sporting goods retailer Decathlon, reported a net loss of Rs 65 crore in FY25, marking a sharp reversal from its Rs 197 crore profit in FY24. The swing into losses came as operating expenses grew significantly faster than revenue during the year ended March 2025. According to the company’s financial filings sourced from the Registrar of Companies (RoC), revenue from operations increased 3% year-on-year to Rs 4,133 crore in FY25, compared to Rs 4,008 crore in the previous fiscal. Including other income of Rs 49 crore, Decathlon India’s total income stood at Rs…