New Delhi: On May 12, the Competition Commission of India (CCI) has officially approved Adani Power’s acquisition of a 100% stake in GVK Energy Ltd. The company is under insolvency, burdened with a debt of ₹ 15,576 crore, zero operating revenue and a $2.19 billion legal claim in the UK. C-2026/03/1394 : CCI approves acquisition of 100% share capital of GVK Energy Limited by Adani Power Limited pic.twitter.com/beDAH8uKD7 — CCI (@CCI_India) May 12, 2026 GVK has already sold its airport holdings to Adani, and its power projects come next. For the Hyderabad-based conglomerate, this may be the end of the…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Vadodara: Ratnaveer Precision Engineering Ltd. (RPEL) announced a 20.37% rise in consolidated revenue to ₹1,078.41 crore in FY26 as against ₹ 895.53 crore reported last year. This has also meant a 37.33% rise in Profit After Tax to ₹64.30 crore and a EBITDA margin of 29.08% for the same period. The Gujarat-based precision engineering company has attributed this rise to strong volume growth, particularly in washer exports, which accounted for 35% of its revenue in FY26. Overall, its production volumes have increased to 46,668 MT as against 36,129 MT, a growth of 29.17%. The company is looking to expand its…
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…
