Author: Ansh Singh

New Delhi, August 6: Swiggy has unveiled an ambitious five-year growth plan, which consists of achieving EBITDA margin of around 20% by FY31 with adjusted EBITDA of around ₹10,000 crore. During its Capital Markets Day 2026, the company outlined its long-term strategy, which included robust growth prospects in all three businesses—food delivery business, Instamart, and Dineout. Swiggy anticipates its consolidated Gross Order Value (GOV) to rise from ₹67,734 crore in FY26 to almost ₹2.5 lakh crore by FY31 with a compound annual growth rate (CAGR) of over 30%. GOV is the sum of all orders before discounts and other adjustments.…

New Delhi: SpaceX has reported a $541 million net loss in its first quarterly earnings report as a publicly traded company, putting the spotlight on the enormous spending behind Elon Musk’s plans for rockets, satellite internet and artificial intelligence. The loss, equal to about 9 cents per share, was smaller than some analysts had expected. At the same time, SpaceX reported quarterly revenue of approximately $7.8 billion, a 90% increase from the same period a year earlier. The strong revenue growth was largely supported by its connectivity business, particularly Starlink. The results came only weeks after SpaceX completed a record-breaking…

New Delhi: Few startup investors have become as recognizable in India as Anupam Mittal. While he is widely known for his role on Shark Tank India, his influence increasingly extends beyond television and into India’s broader startup ecosystem. Over the last few years, Mittal has emerged as one of the most active voices discussing startup funding, founder discipline, profitability, and long-term business building. Many entrepreneurs view his investment approach as balancing growth ambitions with financial sustainability. Interestingly, community discussions around Shark Tank India suggest that viewers have increasingly appreciated Mittal’s feedback and deal-making style. Several online discussions have highlighted that…

A revolution that is just beginning, and Pressmate is spearheading it. It’s a revolution of the laundry industry that’s just starting and Pressmate is at the helm. For years the laundry industry has been in the shadows. Many of the business segments, such as neighborhood ironing parlors, family laundromats and commercial laundromats rely on manual operations, outdated processes, and human connections. However, the consumer expectations are shifting and convenience is becoming a factor, as is the new digital services, which are starting to transform the industry. Today, customers want door-to-door delivery, updates in real-time, quick delivery, e-payment options, and service…

New Delhi: Meta CEO Mark Zuckerberg has faced growing pressure from Indian authorities after a video posted by Prime Minister Narendra Modi was briefly removed from Facebook last month. The issue began after a video posted by Modi was temporarily unavailable on Facebook. The video, uploaded during student protests over the NEET examination issue, included Modi discussing concerns around paper leaks and the government’s proposed response. Meta later said the content had been “removed in error” and restored it. The company attributed the incident to an error rather than a deliberate decision to restrict the Prime Minister’s content. The explanation,…

New Delhi, August 04, 2026: ProMobi Technologies today announced the Scalefusion Mid-Year Platform Update, bringing together the company’s major product advancements introduced during the first half of the year, along with a preview of capabilities planned for the months ahead. The Mid-Year Platform Update reflects Scalefusion’s evolution from a device management solution into a broader enterprise platform spanning unified endpoint management, identity and access, and endpoint security. It brings together enhancements across Windows, Apple and Linux, as well as updates to OneIdP and Veltar, around a central principle: when enterprise IT challenges are connected, the software managing them should be too.…

New Delhi: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has reported strong operating growth for the first quarter of FY27, although its bottom line moved into the red because of a one-time settlement-related charge. For the quarter ended June 30, 2026, AEL reported consolidated total income of ₹33,546 crore, up 50% from ₹22,437 crore in the same quarter last year. EBITDA, a key measure of operating performance, rose 49% year-on-year to a record ₹5,642 crore. However, the company reported a consolidated net loss of ₹1,160 crore compared with a profit of ₹885 crore in Q1 FY26.…

Ahmedabad: The Gujarat High Court has stayed the Gujarat Medical Council’s (GMC) decision to suspend three doctors, including renowned Surat-based dermatologist Dr. Jagdish Sakhiya, for 13 months. The court has also issued a notice to the GMC, directing it to file its response by September 8. The GMC had, on June 30, ordered the suspension of Dr. Jagdish Sakhiya and Dr. Ami Shah from Surat, along with Dr. Geeta Patel from Ahmedabad. Under the order, their names were to be removed from the State Medical Register from August 30, 2026, to September 29, 2027. Dr. Jagdish Sakhiya is currently serving…

Ahmedabad, August 3, 2026: The Adani Group has rejected reports that it is preparing to launch an airline, calling the speculation “baseless” and “factually incorrect.” The clarification came after reports and market discussions suggested that Adani Enterprises could enter India’s rapidly growing aviation market. Adani Enterprises, the group’s flagship company, issued a statement categorically denying that it was evaluating a proposal to launch an airline. The speculation was notable because the Adani Group is already one of India’s biggest airport operators. Through Adani Airports, the group manages several major airports and has been investing heavily in airport infrastructure, terminals, airport-city…

New Delhi: Mukesh Ambani-led Reliance Industries is taking a new step to grow with a new emphasis on digital services, organised retail, artificial intelligence and clean energy. For decades, Reliance’s business was mainly associated with oil refining and petrochemicals. These companies have continued to make big profits and offer significant financial backing. But the company is slowly developing new growth engines, which are more aligned with the growing domestic consumer market and digital economy in India. The recent financial results of Reliance demonstrate the pace at which it is occurring. The company’s FY26 EBITDA stood at approximately ₹2.08 lakh crore,…