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BharatPe's Unity Small Finance Bank (SFB) reported a remarkable 123% year-on-year increase in revenue, reaching INR 977 crore in the fourth quarter of 2025. This significant growth highlights the bank's expanding footprint in the financial sector.
Lifechart’s Guttify has secured $360,000 in funding from Unichem Labs’ family office, aiming to revolutionize gut health in India with affordable solutions. This investment marks a significant step towards enhancing wellness and accessibility in the health sector.
Coforge reported a 16.5% increase in profit, reaching Rs 261 crore in the fourth quarter. This growth highlights the company's strong performance in the financial sector, reflecting its effective strategies and market positioning.
At the WAVES 2025 summit in Goa, Shraddha Kapoor and Instagram Head Adam Mosseri discussed India's digital evolution, emphasizing its mobile-first approach and the rise of multilingual content. Kapoor showcased Maharashtra's culture by serving Mosseri homemade puran poli, symbolizing the blend of tradition and digital connectivity.In a significant leadership transition, Warren Buffett has named Greg Abel as his successor at Berkshire Hathaway. Abel, who has been with the company for over 20 years, will maintain the investment philosophy established by Buffett while managing a vast portfolio and a substantial cash reserve, ensuring continuity in the company's operations.
FinX, a Mumbai-based startup specializing in financial services training, has acquired the training division of the Bombay Stock Exchange (BSE Institute) for ₹16.9 crore (US$2 million). This strategic move aims to enhance its offerings in cybersecurity, data science, AI, and IT, leveraging BSE Institute’s facilities in Mumbai, Delhi, and Kolkata. The acquisition reflects a broader trend in the edtech sector, emphasizing the integration of technology-focused skills in financial services education to meet evolving workforce demands.
Log9 Materials, an EV battery startup backed by Peak XV and Petronas Ventures, is grappling with financial turmoil, including debt, legal disputes, and significant layoffs. Initially focused on costly lithium-titanate (LTO) batteries, the company pivoted to lithium iron phosphate (LFP) batteries, exacerbating its financial strain amid a challenging market. Despite revenue growth, operational complexity and mounting losses have put the company at risk, highlighting the need for focused business models in capital-intensive sectors.
Democratic senators have called for an investigation into Elon Musk's potential use of his government role to secure foreign deals for Starlink, his satellite internet service. They allege that Musk may have leveraged his position to gain market access and contracts in countries like India, Bangladesh, and Vietnam, raising concerns about self-dealing and breaches of public trust. The senators emphasized that public servants should prioritize serving Americans over personal financial interests.
YouTube is set to invest over ₹850 crore (approximately $101.4 million) in India's creator economy over the next two years, supporting local creators and media firms. With 15,000 channels boasting over 1 million subscribers, India's creator ecosystem is rapidly expanding, projected to grow from $976 million in 2023 to $3.9 billion by 2030. This investment aligns with the Indian government's $1 billion fund for the creator economy, aiming to enhance content creation and monetization strategies in a market with significant untapped potential.
Foreign funds have significantly reduced their holdings in India's index-eligible sovereign bonds, marking the largest outflow since the bonds were included in a JPMorgan index in June. In April, overseas investors cut their aggregate holdings of Fully Accessible Route bonds by 111 billion rupees ($1.3 billion), bringing the total to 2.95 trillion rupees, as global market volatility related to US tariff concerns dampened risk appetite.
Eternal, the parent company of Zomato, has discontinued its 15-minute delivery service, Quick, and the Everyday meal segment due to low demand and operational challenges. CEO Deepinder Goyal noted that the current restaurant density and kitchen infrastructure are insufficient for efficient ultra-fast deliveries, leading to concerns about profitability and customer experience. This decision reflects broader industry struggles with maintaining specialized food services at scale amid thin margins and high customer expectations.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
BharatPe's Unity SFB reports 123 percent revenue growth to INR 977 crore
15:13 05.05.2025
Guttify raises 360K to transform gut health accessibility in India
14:31 05.05.2025
Coforge reports 16.5 percent profit increase to 261 crore in Q4
13:22 05.05.2025
greg abel steps up as ceo of berkshire hathaway after buffett's legacy
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