Year: 2026

Sales rise 0.76% to Rs 157.79 crore

The Delhi Police has arrested nine persons allegedly associated with a pan-India investment fraud and cyber mule syndicate purportedly linked to 34 complaints involving more than Rs 15.71 crore, officials said on Tuesday. The probe has also uncovered suspected links with persons based in Qatar, and alleged operational coordination with Dubai-based cybercriminals, they said. The…

Expired food, poor hygiene, suspected adulteration and improper storage have emerged from recent food safety inspections across Maharashtra and Karnataka

Sales decline 5.33% to Rs 14.04 crore

The Reserve Bank of India’s (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) may increase operational challenges for lenders, reduce their returns and raise costs for borrowers, Kotak Institutional Equities said in a report.

Sales reported at Rs 158.05 crore

Fusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans while focusing on small business lending. Assets under management aim to reach ten thousand crore rupees this fiscal year. This diversification follows regulatory changes allowing more non-microfinance loan options.

With the appointment of Aasif Malbari as the new managing director and chief executive officer, a transition is underway at the helm. He takes over from Sudhir Sitapati, who departs after five impactful years. Malbari, who was serving as GCPL’s global chief financial officer, brings significant experience from the FMCG and automotive sectors, focusing on…

In a strategic move to encourage electric vehicle usage, the government has prolonged the PM E-DRIVE Scheme until March 2028, though incentives for electric two-wheelers will be cut down to Rs 2,500 per kWh effective from April 1, 2025. The initiative carries a substantial funding of Rs 11,900 crore, focusing on both vehicle adoption and…

India’s ​civil aviation ministry has summoned ‌Air ⁠India ⁠CEO ​Campbell Wilson over ​the incident in which ​a ⁠Phuket-Delhi flight ‌suddenly ​lost ​about ⁠300 feet of altitude ​last week.