Kathy’s Beverages, the company behind bubble tea and beverage brand Bobakat, has raised ₹6 crore in a pre-Series A funding round to accelerate expansion and strengthen its product portfolio. The Mumbai-based startup said the fresh capital will be deployed towards product innovation, marketing, team expansion, and offline growth across India. Founded in 2024 by Rupali Ambegaonkar and Sannjeev Rao, Bobakat operates in the fast growing bubble tea and youth focused beverage segment. The brand currently runs compact format outlets across food courts and high-street locations targeting urban consumers. According to the company, Bobakat has already served more than 10 lakh…
Author: Adarsh Kumar
Honasa Consumer, the parent company of Mamaearth, has announced the resignation of its Chief Business Officer Yatish Bhargava, less than a year after his appointment to the role. According to a stock exchange filing made on Friday, Bhargava has stepped down due to “personal circumstances” and will cease to be part of the company’s senior management from the close of business hours on May 15, 2026. Bhargava had joined the Gurugram based company in June 2025 after the role remained vacant following the resignation of former CBO Zairus Master, who had also exited citing personal reasons. At the time of…
Wingreens has acquired pesticide-free food brand Safe Harvest through a share swap deal, while also closing a ₹120 crore ($12.6 million) Series D funding round led by investor Ashish Kacholia with participation from Alchemy Fund. With the latest round, Wingreens’ total capital raised to date has reached approximately ₹556 crore. The company’s previous major funding round came in November 2021, when it raised ₹124 crore from investors led by Investcorp. The acquisition strengthens Wingreens’ push into the farm-to-consumer food ecosystem by bringing together brands such as Wingreens Farms, Raw Pressery, and Safe Harvest under a broader health-focused food platform. Founded…
PB Fintech, the parent company of Policybazaar, has received approval from Securities and Exchange Board of India (SEBI) for its wholly owned subsidiary, PB Marketing and Consulting Pvt Ltd, to operate as a stock broker in the debt segment of the National Stock Exchange of India (NSE). The company disclosed the development in a stock exchange filing on Friday. The approval allows PB Fintech to facilitate transactions in fixed-income instruments such as corporate bonds, government securities, treasury bills, and other debt products. However, the permission is currently limited to the debt segment and does not include equity trading, derivatives, commodities,…
State-owned Bank of Baroda (BoB) reported an 11% year-on-year rise in net profit to ₹5,616 crore for the fourth quarter ended March 2026, driven by higher interest income and improvement in asset quality. The lender had posted a net profit of ₹5,048 crore in the corresponding quarter last year. According to the bank’s regulatory filing, total income increased to ₹36,609 crore during Q4 FY26, compared to ₹35,852 crore a year earlier. The bank’s interest income rose to ₹32,642 crore, up from ₹30,642 crore in the same quarter of the previous financial year. Meanwhile, net interest income (NII) grew strongly to…
The Government of India has appointed N S Raja Subramani as the country’s new Chief of Defence Staff (CDS), according to a report by ANI on Saturday. Lieutenant General Subramani (Retd.) will also serve as the Secretary of the Department of Military Affairs under the Ministry of Defence from the date he assumes charge and until further orders. The appointment comes as the incumbent CDS, Anil Chauhan, is scheduled to complete his tenure on May 30, 2026. Lt Gen Subramani is currently serving as the Military Adviser at the National Security Council Secretariat, a position he has held since September…
Hyundai Motor India (HMIL) reported a 22.2% decline in consolidated net profit for the fourth quarter of FY26, as higher operating expenses weighed on earnings despite steady revenue growth. According to the company’s regulatory filing, consolidated profit after tax (PAT) stood at ₹1,255.63 crore for the quarter ended March 2026, compared to ₹1,614.35 crore in the corresponding period last year. However, the company’s revenue from operations increased to ₹18,916.15 crore during the quarter, up from ₹17,940.28 crore in Q4 FY25. The decline in profitability came as total expenses rose sharply to ₹17,571.66 crore, compared to ₹15,974.46 crore in the year-ago…
India’s microfinance sector recorded its first quarterly expansion after eight consecutive quarters of decline, signalling early signs of stabilisation in the industry amid improving asset quality and stronger loan disbursements. According to a report by CRIF High Mark, the sector’s gross loan portfolio (GLP) grew 3.2% quarter-on-quarter to ₹3.31 trillion in Q4FY26. However, on a year-on-year basis, the portfolio remained lower by 13.2%. The recovery was driven by higher loan originations, rising ticket sizes, and gradual improvement in portfolio quality across lenders. Among lenders, NBFC-MFIs continued to remain the primary growth drivers for the sector, while the share of banks…
State Bank of India (SBI), the country’s largest lender, reported a 5.6% year-on-year increase in standalone net profit to ₹19,684 crore for the quarter ended March 2026, supported by improved asset quality and lower bad loans. The bank had posted a standalone profit of ₹18,643 crore in the corresponding quarter of FY25. However, the earnings fell short of market expectations, leading to a sharp reaction in the stock market. Following the results announcement, SBI shares declined nearly 6%, trading around ₹1,027.5 on the BSE Limited. Despite profit growth, the bank’s total income declined to ₹1,40,412 crore during the March quarter,…
Indian conglomerates Tata Group and JSW Group are planning to invest nearly $1 billion collectively to build domestic expertise in electric vehicle (EV) and battery technologies, as Indian companies accelerate efforts to reduce dependence on Chinese technology and supply chains. According to people familiar with the matter, both groups are separately establishing advanced research and development facilities focused on next-generation battery systems, EV software, and localization of critical technologies. The investments come at a time when China, the world’s largest EV and battery ecosystem, has become increasingly cautious about transferring advanced battery technologies amid rising geopolitical tensions and the ongoing…