Global rating agency Moody’s Ratings has projected India’s GDP to grow 6.4% in FY27, positioning the country as the fastest growing major economy among the G20 nations. The outlook is underpinned by strong domestic consumption, supportive policy measures, and a resilient banking system. The projection was outlined in Moody’s latest banking system outlook report, which highlighted India’s macroeconomic stability despite pockets of stress in specific borrower segments. Consumption and Policy Reforms to Drive Growth According to Moody’s, India’s growth momentum will be sustained by robust household consumption and recent policy interventions aimed at improving affordability. The agency pointed to the…
Author: Adarsh Kumar
Mumbai based Dream Sports, the parent company of fantasy gaming platform Dream11, reported a net loss of ₹479 crore in FY25, marking a rare setback for the company after years of profitability. The loss was largely driven by one-time tax expenses linked to its domicile restructuring and director-related benefit costs, even as the company’s operating scale declined during the year. Revenue Declines as Operating Scale Contracts Dream Sports’ revenue from operations fell 15% year-on-year to ₹6,759 crore in FY25, down from ₹7,934 crore in FY24, according to its consolidated financial statements filed with the Registrar of Companies (RoC). Platform fees…
Bengaluru-based biotech startup Pandorum Technologies has raised $18 million (around ₹150 crore) in a Series B funding round, led by Protons Corporate, as it accelerates its push into global clinical and commercial markets. The round saw participation from Galentic Pharma, investor Ashish Kacholia, Noblevast Advisory, Avinya Fund, and members of the Burman Family, among others. Two-Tranche Round Values Company at ₹822 Cr The Series B round was completed in two tranches, with the first closed in November and the second in December. Following the fundraise, Pandorum is valued at approximately ₹822 crore ($91 million) on a post-money basis, according to…
Mumbai’s property market began 2026 on a strong revenue note, with stamp duty collections crossing ₹1,012 crore in January, marking the highest January tally in the past 14 years, according to data released by Knight Frank India. Despite a moderation in transaction volumes, the surge in collections underscores a clear shift towards higher-value property purchases, signalling sustained end-user confidence in India’s largest real estate market. Property Registrations Dip, Revenue Holds Firm Under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, the city recorded 11,219 property registrations in January 2026. While this represents an 8% year-on-year decline compared to January 2025, it still…
Karur Vysya Bank expects its total business to cross ₹3 trillion over the next four years, as the mid-sized private lender sharpens its focus on value-led growth, balance sheet quality, and scalable operations. The outlook was shared by B Ramesh Babu, managing director and chief executive officer of the bank, following his re-appointment for a third term till July 2028, which was approved by the board last month. Focus on Value, Not Just Volume Speaking about his priorities for the coming years, Babu said the bank will place sharper emphasis on where capital is sourced from and how effectively it…
The Jammu and Kashmir government has generated ₹2,152 crore in revenue from liquor shop auctions over the last two financial years, while confirming that no new wine shops will be opened in FY27, according to official data shared by the administration. The revenue was earned through the auction of existing liquor vends under the Union Territory’s excise framework, with collections rising steadily year-on-year. Revenue Rises Across FY24 and FY25 In FY24 (2023–24), the government collected ₹1,03,462.49 lakh, while revenues increased to ₹1,11,816.07 lakh in FY25 (2024–25), taking the two-year total to approximately ₹2,152 crore. Officials attributed the growth to competitive…
State Bank of India reported a 13.06% year-on-year rise in consolidated net profit to ₹21,317 crore for the December quarter of FY26, supported by steady income growth, improved asset quality, and stronger capital buffers. In the year-ago period, the country’s largest lender had posted a consolidated profit of ₹18,853 crore, while profit in the preceding September quarter stood at ₹21,137 crore. Standalone Profit Jumps 24%, Income Crosses ₹1.4 Trillion On a standalone basis, SBI delivered a sharper performance, with net profit rising 24.48% YoY to ₹21,028 crore, compared to ₹16,891 crore in Q3 FY25. The bank’s total standalone income increased…
JK Tyre and Industries reported its highest-ever quarterly revenue of ₹4,223 crore in the third quarter of FY26, driven by strong demand across original equipment manufacturers (OEMs) and the replacement market, supported by festive season momentum and improving rural sentiment. The results mark a robust operating quarter for the tyre maker amid early signs of recovery in commercial vehicle demand and sustained traction in passenger vehicles. Domestic Business Leads Growth Momentum JK Tyre’s domestic business grew 16% year-on-year, with the OEM segment emerging as the key growth driver. OEM volumes expanded 27% YoY, reflecting improved automobile production and rising demand…
Gautam Adani-led Adani Group is planning a major expansion in Maharashtra’s Vidarbha region, with proposed investments of ₹70,000 crore across energy, logistics, and airport infrastructure, signalling a long-term commitment to the region’s industrial and economic development. The investment plan was outlined by Jeet Adani, director at Adani Airport Holdings and vice-president (finance) at the Adani Group, during Advantage Vidarbha Khasdar Audyogik Mahotsav 2026, an industry event organised by the Association of Industrial Development. Focus on Energy, Logistics and Airports Speaking at the event, Jeet Adani highlighted Vidarbha’s strategic importance within the group’s broader India growth strategy. He said the proposed…
Steel major Tata Steel delivered a sharp earnings rebound in the third quarter of FY26, reporting a 723.1% year-on-year jump in consolidated net profit to ₹2,688.7 crore, driven by improved operating performance and a better pricing environment. The company had posted a profit of ₹326.64 crore in Q3 FY25, reflecting the impact of weak steel prices and higher costs during the same period last year. Strong Earnings Recovery on Better Operations For the quarter ended December 2025, Tata Steel’s consolidated revenue rose 6.4% year-on-year, supported by stable demand across key markets and operational efficiencies across its India and overseas businesses.…