Author: Abizar Attari
News Editor

If you have the ambition to build a disruptive startup, it isn’t only the VC/Angels that can help you. The Central Government (along with the respective state government) has been actively encouraging entrepreneurs to succeed through targeted schemes that offer working capital, subsidies, mentorship, and tax breaks tailored to the profile you are working with. These 7 schemes have been a godsend to entrepreneurs seeking resources for their startups. Prime Minister’s Employment Generation Programme (PMEGP) PMEGP helps to set up micro enterprises in manufacturing, services and trading by offering credit to entrepreneurs working in rural and semi-urban areas. You take…

Mumbai: India’s stock markets have reacted sharply to the escalating tensions in the Middle East with the Sensex falling 1.78% and the Nifty falling 1.68% at 3 pm on Tuesday, May 12. This comes after the US and Iran failed to accept a ceasefire deal, causing widespread panic and anxiety in the markets.  Over the past 4 trading sessions, investors have lost ₹17 lakh crore, which has seen the Sensex crash by 3,400 points. The overall market capitalization (m-cap) of BSE firms have dropped to ₹456 lakh crore on Tuesday, May 12, following the news.  The Trigger: “Ceasefire on Life…

Kolkata: Shyam Metalics and Energy Limited (SMEL) has seen a 41.7% rise in PAT to ₹312 crore as the company has seen a successful ramp up of its aluminium foil and stainless steel capacities. The Kolkata-based integrated metal producer has seen strong bottom line growth, with a 26.6% rise in revenues to ₹5,240 crore, as the company continues to maintain its status as a profitable one, even as it spends almost ₹2,700 crore on its expansion plans.  Along with its Q4 FY26 results, the company’s board has recommended a final dividend of ₹2.70 per equity share for the financial year. …

Mumbai: Despite the challenges to the economy and the rollover effects of the war on their returns, Indian investors continue to keep faith on the stock market, with mutual fund inflows slowing just 5% in April from the previous month. Despite this marginal dip, this is the 62nd consecutive month of positive net inflows. The Big Rebound: Debt Funds Rule April According to a report released by the AMFI, a large chunk of investors chose to avoid equities, with debt funds inflows reaching ₹3.22 lakh crore. Out of this, liquid funds alone accounted for ₹1.02 lakh crores, as institutional and…

Toronto, Canada: Canada’s Mainstreet Credit Union has selected Intellect Design Arena’s eMACH.ai Digital Engagement Platform (DEP) as it looks to drive hyper-personalised growth across its operations in Southwestern Ontario. The partnership, announced on May 11, 2026, aims at replacing rigid legacy software with a cloud-native, API-first architecture. Mainstreet aims to onboard about 25,300 members to deliver seamless onboarding and digital self-service tools.  The eMACH.ai Advantage: Architectural Freedom The eMACH.ai platform (which stands for Events, Microservices, APIs, Cloud, and Headless with AI) aims to give financial institutions the freedom to innovate quickly without overhauling their entire operational framework. It uses AI…

India celebrates May 11 as National Technology Day to commemorate our achievements in groundbreaking innovation and the intent to work towards it. We spoke with a multitude of leaders across domains to understand what National Technology Day means to them and what they would like this day to signify.  Mr Rahul Jain, Managing Director at Matrix Geo Solutions “On National Technology Day, we believe technology should do more than look advanced, it should solve real problems on the ground. In our world, that means helping people plan better, build smarter, and work with greater confidence across roads, railways, water projects,…

Mumbai: Medi Assist Healthcare has seen its FY26 PAT remain flat at ₹89.3 crore even as its revenues grew 25.3% year on year (YoY) to ₹629.1 crore. This comes at a time when the company has been proritizing balance its balance sheet’s strength and platform automation after it has successfully integrated Paramount Health Services to its platform.  Besides this, the company has significantly improved its financial strength, by now going completely debt-free with a free cash position of ₹260.5 crore.  Strategic Milestones: Integration & Debt De-leveraging Even though its profits have remained flat, the company has focused on long term…

Mumbai: Titan Company Limited has delivered a record-breaking 35% rise in net profit for Q4 FY26 at ₹1,179 crore. This comes at a time when the lifestyle and jewellery brand saw record income for the quarter ended March 26 at ₹27,105 crore, a 80% year on year rise from ₹15,032 crore reported during the same period last year. The correction in gold prices during the quarter has helped it drive double digit volume growth, especially during the crucial wedding season. The company also continues to scale up its international footprint, with its flagship Tanishq brand opening stores in the UAE…

Health officials are concerned about another COVID-like outbreak of the Hantavirus following the death of three passengers on board the cruise ship MV Hondius traveling from Argentina to Spain’s Canary Islands. As per the latest updates, five cases of hantavirus have been confirmed among those traveling on the MV Hondius, with three deaths confirmed.  The cruise, which set sail from Argentina a month ago, is expected to dock at the Canary Islands soon, even as those who traveled on the ship have been monitored wherever they’ve disembarked, as per standard World Health Organization (WHO) protocol. What is Hantavirus and how…

Mumbai: India’s leading manufacturer of needle and cylindrical roller bearings, NRB Bearings Limited, has seen its net profits rise from ₹82 crore in FY25(consolidated) to ₹146 crore this year. This success has come on the back of its integrated manufacturing footprint and its strong customer partnerships.  This has also meant that consolidated revenue has increased from ₹1,199 crore last year to ₹1,335 crore this year, an 11% increase. Its EBITDA margin has also increased to 18% as the company expands its portfolio to serve the electric vehicle (EV) and aerospace segments. “We are pleased to share that NRB closed FY26…