KARNATAKA PERFORMANCE DRIVEN GOVERNANCE
AI majors building India base in Bengaluru boosting space demand
Bengaluru is rapidly becoming a global hub for AI innovation as major tech companies like Anthropic and OpenAI establish new offices. European firm Mistral AI is also in talks to open a capability center, drawn by the deep engineering talent.
Groww Q4 Results: Profit soars 122% YoY to Rs 686 crore, cashing in on market crash and Iran war
Groww Q4 Results: Groww's parent company, Billionbrains Garage Ventures, announced a significant 122% year-on-year profit increase to Rs 686 crore for the March quarter. Revenue also surged 87% to Rs 1,505 crore. This strong performance was fueled by user growth and increased trading activity, especially in derivatives. Customer assets on the platform grew substantially, demonstrating continued investor confidence and platform engagement.
Karnataka to convene special cabinet meeting on April 24 to discuss Scheduled Castes internal reservation
Bengaluru's Karnataka government will convene a special cabinet meeting on April 24. The meeting will focus on internal reservation for Scheduled Castes. This discussion is crucial for filling 65,000 vacant government posts. The state aims to expedite recruitment due to growing unrest among unemployed youth.
AI-driven credit, underwriting & collections to be banking disruptors
On overall credit expansion, the survey said lenders are positive and anticipate continued momentum in non-food credit. The survey, which covered 24 banks across segments, was released on Sunday.
Karnataka: State policy & planning panel member moots performance driven governance policy
Karnataka is set to embrace a new era of governance. The State Policy and Planning Commission has presented a draft bill for performance-driven governance to Chief Minister Siddaramaiah. This initiative aims to boost service delivery and accountability. Key reforms include performance contracts, an independent authority, and citizen feedback integration.
PBKS vs LSG playing 11: Probable squads, head to head record for today’s IPL match
Punjab Kings take on Lucknow Super Giants in today’s IPL 2026 clash, with probable playing 11s and head-to-head record highlighting an even rivalry. Both teams have won three matches each in six encounters, setting up a closely contested fixture as PBKS look to continue strong form and LSG aim for consistency in the tournament.
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Karnataka ready for global partnerships beyond tech: DK Shivakumar
Karnataka is actively seeking global partnerships across trade, innovation, and collaboration. The state aims to strengthen ties with over 80 countries. Bengaluru is highlighted as a hub for talent and investment. The Global Innovation Alliance is evolving for outcome-driven collaborations. The Bengaluru Tech Summit 2026 will focus on AI and beyond, fostering deeper co-creation and long-term global partnerships.
Have no personal involvement in Congress' action against some minority leaders: D K Shivakumar
Karnataka Deputy Chief Minister D K Shivakumar denied personal involvement in actions against Congress minority leaders, stating decisions were made by the party high command based on reports of an internal conspiracy during the Davanagere South bypolls. He emphasized party discipline and dismissed claims of factionalism, asserting the Congress represents all sections of society.
Angel One shares rise over 4% after Q4 net profit jumps 84% to Rs 320 crore
Angel One share price gained over 4% after it reported a robust March quarter, with profits soaring 84% year-on-year to Rs 320 crore, fueled by a 13% surge in total orders to 43.1 crore and a growing client base. The company's expansion into wealth management and asset management also showed positive traction, underscoring its digital financial services evolution.
India smartphone shipments fall to 6-year low in Q1 amid price hikes: Counterpoint Research
India's smartphone shipments experienced a 3% year-on-year decline in Q1 2026, reaching a six-year low due to cost pressures and price hikes. Analysts predict further declines, with Vivo leading the market share. Google emerged as the fastest-growing premium brand, boosted by AI features.
India's economy slipping to 6th rank, IMF data shows, prospects bright
India has slipped to the sixth largest economy in 2025 in nominal terms, according to the International Monetary Fund, but it remains the fastest-growing major economy. The IMF projects India’s growth at 6.5% in 2026, far ahead of the United Kingdom.
Kolte-Patil Developers shares soar 15% on strong Q4 business update. Here’s everything you need to know
Kolte-Patil Developers' stock price jumped significantly following a robust operational performance in the fourth quarter of fiscal year 2026. The company reported strong sales figures, driven by new project launches and steady demand for existing properties. Collections also reached record levels, indicating healthy business momentum.
ETMarkets PMS Talk| No emotional bias, quant model drove 20% FY26 performance: Rohan Mehta
The Growth Mantra PMS Fund delivered strong returns of around 20% in FY26. Its success stems from a disciplined, data-driven investment strategy. This quant-led framework removes emotional bias, focusing on identifying high-performing stocks through price momentum, earnings strength, and sectoral outperformance. The fund systematically exits underperformers, adapting to market changes and identifying emerging leaders.
Radhakishan Damani-backed VST Industries shares jumps 15% as Q4 profit doubles to Rs 116 crore
VST Industries share price saw a significant jump on Friday. The Radhakishan Damani-backed company reported a 120% rise in net profit for Q4 FY26. Revenue from operations increased by 52%. EBITDA climbed 61%, reflecting improved efficiencies. Strong fundamentals and market initiatives drove this growth. Investor confidence is high, making VST Industries a stock to watch.
Siemens Healthineers eyes collaboration with Karnataka on life sciences, healthtech centres of excellence: Priyank Kharge
Siemens Healthineers is exploring a collaboration with the Karnataka government to bolster upcoming centers of excellence in life sciences, healthtech, and medical products. Discussions focused on skilling, joint incubation, and partnerships to align with the state's deeptech initiatives, further strengthening the company's presence in Bengaluru.
ETMarkets AIF Talk| Performing credit emerges as core portfolio allocation for investors: Amit Dharod
India’s private credit market is emerging as a key part of alternative investments, supported by structural changes in lending and rising demand for stable returns. Once a niche, performing credit is becoming a core allocation, driven by a funding gap in mid-market firms and the flexibility of AIFs to provide customised financing.
Karnataka unveils India's first quantum ecosystem map
Karnataka became the first state in India to unveil a comprehensive Quantum Ecosystem Map. The Science & Technology minister N S Boseraju said the initiative formally marks the launch of Phase-I of the State's Quantum Roadmap.
Over 30 GCCs brought in Rs 12,500 crore to Karnataka in 2025, says IT/BT minister Priyank Kharge
Firms like SAP and Google have led this inflow of investment. The state is now focussing on structured global pathways and outcome-driven partnerships across AI and deeptech sectors.
Karnataka: HC declines to ban jungle safari, seeks detailed response from state
The Karnataka High Court declined to ban tiger safaris in the state but sought a response from the government on a plea for a permanent ban, asking for details on safari zones and conservation compliance, even as operations have resumed in a phased manner at Bandipur National Park and Nagarahole National Park after a temporary suspension.
Infosys signs Carlos Alcaraz as global brand ambassador, to co-develop AI-led performance tools
Infosys has named tennis star Carlos Alcaraz as its global brand ambassador in a multi-year partnership. The collaboration will leverage Infosys Topaz, an AI-first platform, for advanced match analytics and personalized performance applications to enhance Alcaraz's game. This alliance underscores a shared focus on performance, precision, and continuous improvement, extending to social impact initiatives.
Nifty rebounds 8% in April after March rout, but stays below pre-war levels. What does it signal?
Nifty has rebounded 8% in April after a sharp March correction but remains below pre-war levels, signalling cautious recovery. The bounce is driven by short covering and selective buying, while persistent FII outflows, elevated crude prices and geopolitical risks continue to weigh on sentiment despite improving valuations.
Gold loans soar in India, but it’s southern households leading the charge
Gold loans in India have surged fourfold since March 2022, becoming the second-largest retail credit segment. Southern states, led by Tamil Nadu, Andhra Pradesh, and Karnataka, continue to dominate originations, accounting for over half the market. While the south remains the core, emerging regions like Uttar Pradesh are showing significant growth from a lower base.
Govt notifies establishment of Rs 10,000 crore Fund of Funds 2.0
This second tranche of the Fund of Funds will seek to mobilise venture capital and support deeptech, tech-driven, innovative manufacturing startups, and early-growth stage enterprises.
Net sales of non-financial private companies rise 11.4% in FY25: RBI data
The Reserve Bank's recent statistics reveal that net sales for non-financial private firms surged by 11.4 percent in 2024-25. This reflects a minor slowdown compared to last year. The services sector thrived, fueled by robust trade and thriving real estate activities. Meanwhile, the growth rate in manufacturing sales has cooled off.
Karnataka CM Siddaramaiah defends governance, hints at cabinet reshuffle delay
Karnataka Chief Minister Siddaramaiah on Sunday responded to political and administrative questions, asserting that no progress was made on a key bridge project during the Bharatiya Janata Party (BJP) tenure, while also indicating that a cabinet reshuffle may be delayed due to upcoming elections and the budget session.
Karnataka reviews global outreach push to boost startup market access
A review meeting in Bengaluru, attended by senior IT/BT department officials and stakeholders, focussed on strengthening Karnataka’s international engagement framework to drive structured, outcome-led collaborations with global innovation ecosystems. Discussions covered startup mobility, institutional partnerships, global visibility, governance, and expanding the Global Innovation Alliance (GIA) programme to improve market access and cross-border collaboration.
Siddaramaiah sees red on EC letter, accuses poll body of bias against Congress
Karnataka Chief Minister Siddaramaiah has strongly criticized the Election Commission. He called the EC's demand for details on guarantee scheme funds 'selective' and 'biased'. Siddaramaiah stated the schemes are ongoing commitments, not election inducements. He accused the BJP of double standards regarding welfare programs. The Chief Minister asserted his government will continue delivering on its promises to Kannadigas.
Tech advances yet to fix uneven mill performance, data gaps in sugar sector: Food Secretary
Despite technological advancements, sugar mills face challenges like recovery rate variability and energy inefficiencies. Industry leaders emphasise cost competitiveness and bio-energy diversification for future growth.
Karnataka eyes deeptech push, expansion beyond Bengaluru to drive next startup wave
Speaking at the eighth meeting of Karnataka’s Startup Vision Group, chairman Prashant Prakash said future momentum will depend on emerging technologies and wider geographic reach. To build a more founder-centric ecosystem to accelerate high-impact startups, the state will work to expand CoEs and improve access to capital and global linkages.
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