Managing Director of Air India Express, Aloke Singh, will step down on March 19 upon completion of his tenure at the Tata Group-owned airline. In a message to employees, Singh said, “After 5 extraordinary years, my tenure at AIX will conclude on March 19th. I could not be prouder of what we built and who we became in building it.” Quoting Sufi poet Rumi, he described the airline’s journey as “without parallel.” Leadership Across Two Ownership Eras Singh joined the then government owned Air India Express as Chief Executive Officer on November 9, 2020. He was appointed Managing Director for…
Author: Adarsh Kumar
Bootstrapped herbal wellness brand Blue Tea reported a 46% year-on-year rise in operating revenue to ₹37 crore in the fiscal year ended March 2025, while remaining profitable. The company is now projecting ₹65 crore in revenue for FY26, signalling continued momentum in India’s fast-growing wellness beverage market. Speaking about the performance, co-founder Nitesh Singh said the growth was driven by higher order frequency and deeper channel penetration. The brand also recorded a 68% increase in annual recurring revenue (ARR), reflecting stronger repeat consumption. India contributed nearly 80% of total revenue, with international markets accounting for the rest. While profit saw…
India’s digital payments network National Payments Corporation of India (NPCI) reported 20.39 billion Unified Payments Interface (UPI) transactions in February 2026, reflecting a decline from 21.70 billion transactions recorded in January. Month-on-Month Dip, Year-on-Year Growth The 6% sequential decline in transaction volume was largely attributed to February having fewer days compared to January. On a year-on-year basis, however, UPI volumes rose 27%, underscoring continued structural growth in digital payments adoption. In value terms, UPI transactions amounted to ₹26.84 lakh crore in February, down 5.3% from ₹28.33 lakh crore in January. Compared with February last year, transaction value increased 22% YoY.…
OpenAI has announced a massive $110 billion funding round, valuing the ChatGPT maker at an estimated $840 billion, underscoring the extraordinary surge in global investment in artificial intelligence. The blockbuster round includes: The fundraising comes ahead of OpenAI’s anticipated mega IPO later this year. Amazon Deal: $50 Billion and 2 GW Compute Commitment Amazon will initially invest $15 billion, followed by an additional $35 billion subject to certain conditions being met. As part of the agreement: Microsoft Relationship Remains Intact Despite Amazon’s expanded partnership, OpenAI confirmed that its relationship with Microsoft remains unchanged. Nvidia’s Role It remains unclear whether Nvidia’s…
Promoter entity Samayat Services LLP has divested nearly 14% stake in Vishal Mega Mart (VMM) for ₹7,635 crore through open market transactions on the National Stock Exchange of India (NSE), according to bulk deal data. Samayat Services LLP a special purpose vehicle owned by private equity firms Kedaara Capital and Partners Group sold 65.25 crore equity shares in two tranches, representing a 13.96% stake in the company. The shares were offloaded in the price range of ₹117–₹117.03 per share, taking the total transaction value to ₹7,635.55 crore. Institutional Buyers Step In On the buying side, major institutional investors absorbed a…
Used car marketplace CARS24 reported a 10% decline in operating revenue in FY25, reversing the 25% growth recorded in the previous fiscal. The Gurugram based company also saw its net losses widen 9% year-on-year. According to consolidated financial statements filed with the Registrar of Companies (RoC), Cars24 India’s gross revenue fell to ₹6,233 crore in FY25 from ₹6,910 crore in FY24. Core Vehicle Sales Decline Revenue from vehicle sales across auction and retail segments accounted for nearly 92% of total income and declined 11% to ₹5,733 crore in FY25. The company also generated approximately ₹215 crore from financial services income,…
New venture Temple, founded by Deepinder Goyal, has raised $54 million in its maiden funding round at a post money valuation of approximately $190 million. The round was backed primarily by friends, family, and long-term associates, including early backers of Zomato, according to a statement shared by Goyal on social platform X. He noted that several founder friends and early investors participated in the round with long-term conviction, irrespective of any future public listing plans. Investment Structure and Key Backers As per filings with the Ministry of Corporate Affairs (MCA), Temple’s board approved the issuance of 2,34,799 TCCPS at an…
Hyderabad based defence technology startup Constelli has raised $20 million (approximately ₹180 crore) in a funding round led by General Catalyst, with participation from 360 One Asset Management and existing investor Pravega Ventures. The round follows a $3 million pre-Series A raise in January last year led by Pravega Ventures. Focus on Next-Generation Electronic Warfare Constelli said the fresh capital will be deployed toward product research and development in next-generation electronic warfare (EW) and communication payloads. The company is building advanced systems designed for integration across drones, ground defence platforms, naval vessels, and satellite systems. Founded in 2017 by Satya…
Omni-channel gifting and floral retailer Ferns N Petals (FNP) reported a 22% increase in operating revenue for the fiscal year ended March 2025, while managing to trim its losses during the same period. According to financial statements filed with the Registrar of Companies (RoC), FNP’s operating revenue rose to ₹861.5 crore in FY25 from ₹705 crore in FY24. Product Sales Drive Growth FNP generates revenue through the sale of cakes, flowers, and customized gifting solutions via its website, third-party e-commerce platforms, company owned stores, and franchise outlets. The company also earns from delivery, packaging, convenience charges, and franchise related income…
Bengaluru based medical equipment startup Pulse has raised $4 million in a seed funding round led by 3one4 Capital, with participation from Incubate Fund Asia, Stride Ventures, and several angel investors. Capital Deployment and Expansion Plans The company said the fresh capital will be used to establish a dedicated R&D hub, accelerate product development, obtain regulatory certifications, and expand its distribution footprint across India. Founded in 2025 by Anshul Sharma and Nishant Goel, Pulse operates as a full-stack medical equipment manufacturing platform. It designs, sources, and delivers affordable, globally compliant medical devices and consumables by leveraging India’s MSME manufacturing ecosystem.…