Author: Ashish Bisht

India’s leading travel tech company Yatra has announced impressive financial results for the first quarter of FY26, showcasing its resilience and strategic growth initiatives amid a turbulent travel environment. In the quarter ended June 2025, Yatra posted a consolidated net profit of INR 16 Cr, marking a 300% year-on-year (YoY) increase compared to INR 4 Cr in Q1 FY25. On a quarter-on-quarter (QoQ) basis, profit also saw a moderate uptick of 5%, rising from INR 15.2 Cr in Q4 FY25. Read Also :- OpenAI Launches GPT-5 in India with Focus on Affordability and Advanced AI Capabilities Operating Revenue Soars 108%…

OpenAI has officially rolled out GPT-5, its most advanced large language model yet, to users across the globe, including India. This major update is accessible through ChatGPT as well as through enterprise APIs, empowering both individual users and businesses to leverage cutting-edge AI for a variety of applications. The launch marks a significant milestone in artificial intelligence innovation, promising enhanced capabilities in coding, writing, visual reasoning, and more. GPT-5 Available to All Users, Enhanced Access for Subscribers According to OpenAI, GPT-5 is now available to all users, with additional benefits for paid subscribers. Plus subscribers enjoy higher usage limits, while…

MapmyIndia, the leading geospatial and navigation technology company, kicked off the financial year 2025-26 (FY26) on a strong note, reporting a 28% year-on-year (YoY) rise in net profit for the first quarter (Q1). The company posted a net profit of INR 45.8 crore in Q1 FY26, compared to INR 35.9 crore in the same period last year. While the YoY performance was robust, the net profit showed a sequential decline of 7%, dropping from INR 49 crore reported in Q4 FY25. This dip indicates a typical quarterly fluctuation, which the company acknowledges as part of the nature of its business.…

Zype, a rapidly growing fintech startup focused on credit accessibility and financial well-being, has raised INR 90 Cr (approximately $10.3 Mn) in a strategic funding round. The funding includes INR 56 Cr in equity and INR 34 Cr in debt, aimed at accelerating the company’s mission of empowering millennials with smarter credit solutions and sustainable financial habits. According to a recent Ministry of Corporate Affairs (MCA) filing reviewed by Inc42, Zype’s board has approved the issuance of 61.5 lakh equity shares at an issue price of INR 90.9 each to raise the INR 56 Cr equity portion. The equity funding…

Omnichannel jewellery brand BlueStone has officially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking the next step toward its initial public offering (IPO). This comes nearly four months after SEBI gave its approval to the jewellery startup to proceed with its public listing. The Bengaluru-based brand, known for its blend of online and offline retail jewellery experiences, has revised its IPO structure. Initially planning to raise INR 1,000 Cr through a fresh issue of equity shares, BlueStone has trimmed the size of the fresh issue by 18% to INR 820 Cr.…

In a landmark move for India’s electric vehicle (EV) ecosystem, Tesla has officially inaugurated its first charging station in the country. Located at the upscale One BKC in Mumbai’s Bandra-Kurla Complex, the station marks the electric vehicle giant’s formal infrastructure debut in India. The announcement was made on Tesla’s official social media account on X (formerly Twitter), accompanied by images and the precise location of the new facility. This development confirms Tesla’s intent to expand its footprint in one of the fastest-growing EV markets in the world. Read Also :- Tesla to Launch First Supercharging Station in India Next Week,…

Elon Musk-owned Tesla Inc. is all set to mark a major milestone in India’s EV ecosystem by launching its first supercharging station in the country next week. According to a report by PTI, the highly anticipated station will debut in Mumbai, a key city in India’s fast-growing electric vehicle market. The upcoming Tesla charging station in Mumbai will feature a combination of four V4 Supercharging stalls (DC fast chargers) and four destination charging stalls (AC chargers), catering to both quick top-ups and longer parking sessions. This move signifies Tesla’s serious commitment to establishing a robust infrastructure ahead of its EV…

Apple Inc. has posted robust growth in its April-June quarter, with CEO Tim Cook highlighting strong performance across key global markets. Notably, India emerged as a standout performer, delivering record revenue driven by double-digit gains across iPhones, Macs, and services. The company’s overall global revenue rose by 10% year-on-year to $94 billion, showcasing Apple’s resilience and growing demand across both mature and emerging markets. The highlight of the quarter was Apple’s iPhone segment, which saw a 13.4% increase in global sales, reaching $44.6 billion. This growth was largely fueled by the popularity of the iPhone 16 family, which continued to…

Reliance Industries in Advanced Talks to Lead $50 Mn Funding Round in Spacetech Startup Digantara Reliance Industries is reportedly in advanced discussions to lead a $50 million (approximately INR 430 crore) funding round in Bengaluru-based spacetech startup Digantara, signaling a major push into India’s rapidly evolving space technology sector. Existing investors, including Peak XV Partners, are also expected to participate in the round. According to a report by the Economic Times, a person familiar with the matter stated, “Reliance has evaluated multiple startups in the spacetech segment. It is looking at companies building novel solutions in the sector. Its talks…

In a significant move aimed at boosting its capital base, Jio Financial Services (JFS), a major player in India’s fintech landscape, has announced plans to raise INR 15,825 crore (approximately $1.8 billion). The capital infusion will be executed through a private placement of convertible warrants to members of its promoter group — Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Pvt Ltd. As per a recent exchange filing, the board of JFS has approved the issuance of up to 50 crore warrants at a price of INR 316.5 per warrant. These warrants are convertible into fully paid-up equity…