NEPAL REVENUE LEAKAGE CUSTOMS
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.
Finance ministry may review MOOWR benefits for battery storage imports
The Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised concerns about the MOOWR scheme creating an uneven playing field. Consultations with power and renewable energy ministries are planned. The government is examining potential misuse and policy gaps. A decision will align with India's energy security goals.
Direct vs indirect taxes: Key differences and how they impact taxpayers and prices in India
If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 99th part of this series, Riju Mehta explains the difference between the two types of taxes.
Trump tariffs refunds start from Monday. Check timings, online portal, who can apply
Trump Tariffs Refunds: Importers and their brokers will be able to begin claiming refunds through an online portal.
Air India rolls out premium makeover: New cabins, lounges, and aircraft to boost revenue
In an ambitious bid to redefine air travel, Air India is revamping its passenger experience. Customers will soon enjoy upgraded cabins on older jets as well as state-of-the-art aircraft, accompanied by the launch of exclusive airport lounges. These enhancements are tailored to draw in premium travelers, with the ultimate goal of boosting revenue and driving profit growth.
Protest erupts in Nepal against taxation on imports above 100 rupees from India
Protests have erupted in Birgunj, Nepal, against a new government directive taxing all imports from India exceeding NRS 100. This strict enforcement, aimed at curbing revenue leakage and supporting local markets, has led to widespread crackdowns at border points and significant dissatisfaction among residents who rely on cross-border purchases for daily essentials.
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Ericsson India revenue grows 29% to Rs 4,228 crore in March quarter
Swedish telecom firm Ericsson saw a significant 29 percent revenue jump in India for the quarter ending March 31, 2026. This growth was fueled by ongoing 5G rollouts and network upgrades across the country. India emerged as a key contributor to Ericsson's global performance, showcasing strong market momentum.
‘You are not superior, you are luckier’: Gurgaon CEO explains basic human decency with one simple restaurant etiquette
A CEO's observation of a customer's aggressive reaction to a restaurant mistake highlights a common issue. Service staff face immense pressure daily. Their composure under duress reveals more about a person's character than their status. Respect for all individuals, regardless of profession, is a fundamental human expectation. This incident underscores the importance of empathy and dignity in all interactions.
UP Police bust inter-state cyber gang in Bareilly with links to Nepal, China; arrests 5
Uttar Pradesh Police have uncovered a major inter-state cyber fraud network. Five individuals were apprehended in Bareilly for their alleged involvement in duping people across multiple states. The syndicate is suspected to have connections with operators in Nepal and handlers in China. Investigations revealed the use of fake accounts and digital tools for fraudulent transactions.
US Stocks|Drone maker AEVEX valued at $2.6 billion as shares rise in NYSE debut
AEVEX made a striking entrance on the New York Stock Exchange, with its shares jumping 15% on debut. This significant increase points to a heightened investor enthusiasm for companies in the defense industry, especially given the current global unrest.
Nepal stops unauthorised IVF camp by Indian doctors in Kathmandu
A planned IVF consultation camp in Nepal faced cancellation when the medical regulatory board intervened, stopping two Indian doctors from proceeding. The Nepal Medical Council clarified that the practitioners lacked the necessary credentials and approvals to operate within its borders. Foreign medical professionals must navigate a registration process before engaging in any healthcare activities in Nepal.
The Tiny Gaps in Your Home That Could Be Driving Up Your Heating Bill
Many homes feel cold in winter due to air leaks. These tiny gaps let cold air in and warm air out. Simple fixes like caulking and weather stripping can stop these drafts. Addressing these leaks not only lowers energy bills but also improves indoor air quality and prevents moisture problems.
D2C fragrance brand Fifth Sense raises Rs 6.3 crore in round led by OTP ventures
D2C fragrance brand Fifth Sense has raised Rs 6.3 crore in pre-seed funding led by OTP Ventures. The startup, founded by IIM Kozhikode alumni, offers premium, climate-adapted fragrances. This funding round saw participation from Sadev Ventures, ISV Capital, and angel investors, signaling growing investor interest in the evolving perfume market.
Global streaming platforms trade control for scale in India’s OTT market
Streaming powerhouses are choosing to partner with Indian digital platforms, looking to delve into the rapidly expanding OTT market without significant risk. Leaders like BBC, Disney+, and Warner Bros Discovery are leveraging local expertise to tap into a massive user base.
ET Family Business Awards: Allcargo Group is redefining logistics with digital innovation
Allcargo Group is transforming logistics with digital innovation. The company uses IoT and AI to improve efficiency and customer service. Its online platform, ECU360, offers seamless global access. Allcargo's digital strategy is driving growth and competitiveness. This approach is making the company a future-ready leader in the logistics sector.
Varun Beverages: Genie out of the bottle, grants a wish to all stakeholders
Ravi Jaipuria's Varun Beverages Ltd has become a global powerhouse. Starting with one PepsiCo plant in 1987, VBL is now the second-largest bottling business for PepsiCo worldwide outside the US. Its market value has surged significantly. The company holds extensive franchisee rights across India and several international markets. This growth reflects a vision for expansion and strong execution.
West Bengal assembly elections 2026: BJP stresses security, TMC eyes revival in Siliguri corridor
The BJP and Trinamool Congress are in a direct electoral battle for four assembly seats in Siliguri. This region, known as the Siliguri corridor, is strategically important. The BJP aims to retain its hold after winning all four seats in 2021. The Trinamool Congress seeks to regain influence. Voters are concerned about border security and local economic issues.
ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure
OpenAI is prioritising business AI tools to boost revenue. The company is launching a new model for professional work. This strategic shift aims to compete with rival Anthropic. OpenAI is moving away from some consumer offerings. This focus on high-value professional tasks is key to its future profitability. Business clients now represent a significant portion of OpenAI's income.
Zerodha traders saved Rs 25,620 crore brokerage: Nithin Kamath shows the calculation
Zerodha traders saved Rs 25,620 crore in brokerage between 2016 and 2025 due to the firm’s zero-delivery brokerage model, founder Nithin Kamath said. He credited the bootstrapped structure for enabling a customer-first approach, avoiding aggressive monetisation, ads, and cross-selling while maintaining low-cost trading and high user trust.
Wipro bags Alpha Net client contracts in $71-million deal
The acquisition will give Wipro access to a set of key clients, customer contracts and related employees from Alpha Net Group. The deal also includes deferred earnout-linked payments tied to performance conditions and is expected to close by June 30, 2026.
Sowparnika Projects eyes Rs 500 crore fundraise to double revenue
Sowparnika Projects is in advanced talks to raise Rs 500 crore for expansion, aiming to develop 5.5 million sq ft across South India over the next two years. The real estate firm targets doubling its turnover to Rs 1,500 crore by FY2026-27, with a focus on the mid and upper-mid residential market.
ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure
OpenAI says it will introduce a new artificial intelligence model for "high-value professional work" as the company faces heightened competition with rival Anthropic in attracting corporate customers to adopt AI assistants in their workplaces. "You'll see a new model coming from us in short order. We feel very excited about it," Friar said in an interview with The Associated Press.
Come wedding season and jewellery stocks do the Jig
Jewellery company shares have seen significant gains. Strong demand from weddings and festivals is driving sales. Consumers are spending despite high gold prices. Same-store sales are showing sharp improvements. Companies are expanding their store networks. International operations are also performing well. This positive trend is expected to continue.
Tesco partners with Adobe to ramp up AI‑driven personalised marketing
Tesco, Britain's largest food retailer, is joining forces with US software group Adobe. This collaboration will leverage artificial intelligence and Tesco's Clubcard data. The aim is to understand customer needs better and deliver more personalised marketing. This move is expected to enhance customer engagement and drive sales growth across Tesco's various platforms.
How wooden barrels shaped liquid history from oil to feni
Iran's planned oil toll through the Strait of Hormuz will generate significant revenue, a consequence of the 19th-century US decision to standardize oil measurement in 42-gallon barrels. This historical practice, born from early oil extraction in Pennsylvania, continues to influence global trade, demonstrating the enduring legacy of barrel technology.
US' Russian oil waiver set for an extension
US Treasury Secretary Scott Bessent met with Trump in the White House on Thursday to talk about extending the waiver, and they agreed it was a good idea, one of the sources said, asking not to be named. Officials at the White House and Treasury Department did not immediately comment on the matter. Oil prices have spiked since the start of the war due to the partial closure of the Strait of Hormuz.
Molehill of greed out of a mountain
Conquering Mount Everest is not just a test of endurance but an expedition of the spirit. Once a beacon for colonial aspirations, it now symbolizes economic opportunity for Nepal's communities. Yet, with the rise of dubious practices, like orchestrated rescues, the call for stringent regulations has never been more urgent.
26-year-old Rubi Kumari Thakur elected Nepal deputy speaker
Nepal has elected 26-year-old Rubi Kumari Thakur as the Deputy Speaker of its House of Representatives. Thakur, a Member of Parliament from the Shram Sanskriti Party, secured a significant majority of votes. Her election marks a historic moment for youth and Madhesi inclusion in Nepal's federal parliament. She pledged to champion social justice and women's empowerment.
Nepal ex-PM KP Sharma Oli released from custody after 12 days: Police
Former Prime Minister KP Sharma Oli and ex-Interior Minister Ramesh Lekhak have been released from custody in Nepal. They were questioned for their alleged involvement in a deadly 2025 crackdown on protesters. Both deny responsibility for the violence. Their release comes after a Supreme Court order to complete the investigation without further detention extensions. Oli's party has called for protests.
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