Smart home appliances manufacturer Atomberg has initiated formal preparations for an initial public offering (IPO) and has appointed investment bankers for a public issue that could raise over ₹2,000 crore, according to a report by Moneycontrol. The Mumbai-based company has finalised Avendus Capital and IIFL Capital as lead bankers for the proposed IPO. Atomberg is also in discussions with Axis Capital and ICICI Securities to appoint a third book running lead manager. While Avendus and IIFL have been confirmed, the company is expected to select one of the two remaining firms to complete the syndicate. The proposed IPO is likely…
Author: Adarsh Kumar
Healthcare diagnostics major Thyrocare Technologies Limited has appointed Dr Ramesh Kinha as its Chief Operating Officer (COO), reinforcing its leadership team as the company continues to expand its footprint across India. Dr Kinha is a seasoned healthcare and diagnostics professional with more than 17 years of experience across leading organisations in the diagnostics sector. In his new role at Thyrocare, he will be responsible for overseeing laboratory operations, enhancing quality standards, and strengthening operational efficiencies across the company’s nationwide network. Before joining Thyrocare, Dr Kinha served as Group Director Laboratory Services at Vijaya Diagnostic Centre Limited, where he led key…
Bengaluru based electric vehicle startup Oben Electric has raised ₹85 crore in a fresh funding round to scale its distribution network and accelerate new product launches. The round witnessed participation from Indian-American family offices based in the US along with angel investors Raj K Soin, Musa Dakri and Ramesh Bhutada. The company said the newly raised capital will be deployed to strengthen its retail and service presence across key markets, expand customer touchpoints, and support upcoming product introductions. Oben Electric is also expected to invest in brand building and operational scale up as it looks to deepen its footprint in…
The Indian government backed cab hailing platform Bharat Taxi is set to launch in Delhi on January 1, 2026, offering a driver owned alternative to private ride hailing companies such as Uber, Ola and Rapido. The platform is promoted by Sahakar Taxi Cooperative Limited and follows a cooperative ownership model aimed at improving driver incomes and fare transparency. Under the Bharat Taxi model, drivers will retain nearly 80% of the total fare, significantly higher than the earnings typically offered by commission based aggregators. In some cases, officials have indicated that the entire fare paid by passengers will be credited directly…
Tata Consultancy Services (TCS) has disclosed that its annualised revenue from artificial intelligence (AI) has reached approximately $1.5 billion, marking a 16.3 per cent sequential growth, according to CEO K Krithivasan. This is the first time India’s largest IT services company has shared a specific AI revenue metric, reflecting growing investor interest in understanding the return on investment as enterprises ramp up spending on AI-driven technologies. As of March this year, TCS reported total revenue of $30.2 billion, underscoring that while AI currently represents a relatively small share of overall revenue, it is emerging as a fast growing and strategically…
Paytm Payments Services Limited (PPSL), a wholly owned subsidiary of One 97 Communications Limited, has received authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for physical or offline payments as well as cross-border transactions, according to a regulatory filing. The approval enables PPSL to facilitate cross-border payment aggregation for both inward and outward remittances. This is in addition to the online payment aggregator licence granted by the RBI last month, allowing the company to offer end-to-end payment aggregation services across online, offline and international merchant touchpoints. With the latest clearance, PPSL now holds RBI…
Ghazal Alagh, co-founder and Chief Brand Officer of Mamaearth, transformed her corporate career into one of India’s most inspiring entrepreneurial journeys. From working in multinational firms in India and the US to creating a global personal care brand, Ghazal’s story is a blueprint for aspiring entrepreneurs. Today, Mamaearth is synonymous with natural, toxin-free, eco-friendly products, but building it was a rollercoaster of risks, hard work, and fearless decision making. Creating Mamaearth: A Brand for Safe, Natural Living In 2016, Ghazal and her husband Varun Alagh identified a major gap in the Indian market safe, chemical-free products for babies and families.…
Gurugram based Innovist, the parent company of personal care brands Bare Anatomy, Chemist at Play, Sunscoop, and Vinci Botanicals, delivered a strong financial turnaround in FY25, crossing the ₹300 crore revenue mark and reporting profitability for the first time. According to Innovist’s consolidated filings with the Registrar of Companies (RoC), the company’s operating revenue surged 2.8x year-on-year to ₹299 crore in FY25, compared with ₹105.8 crore in FY24. The sale of haircare and skincare products remained the core revenue driver, contributing ₹291.5 crore, or nearly 98% of total operating income, while shipping receipts added ₹7.6 crore. Including interest income and…
Shares of social commerce major Meesho surged sharply on Tuesday, hitting the 20% upper circuit in early trade after global brokerage firm UBS initiated coverage with a ‘Buy’ rating, triggering strong investor interest in the newly listed stock. The stock was locked at its upper circuit limit during intraday trading, with minimal selling pressure, reflecting bullish sentiment following the brokerage’s positive outlook. According to market data, Meesho’s shares climbed to around ₹216 on the NSE, marking one of the stock’s strongest single-day gains since its market debut. In its initiation note, UBS highlighted Meesho’s distinctive zero-commission marketplace model, which it…
India’s specialty coffee market continues to gain momentum as consumer preferences shift toward premium brews and café experiences. Riding this trend, Blue Tokai Coffee Roasters reported strong financial performance in FY25, delivering robust revenue growth while significantly improving its cost efficiency. According to the company’s consolidated financial filings with the Registrar of Companies (RoC), Blue Tokai’s revenue from operations rose 50% year-on-year to ₹325 crore in FY25, compared with ₹216 crore in the previous fiscal year. The company continues to generate all its revenue from the sale of coffee and related products. As of the end of FY25, Blue Tokai…