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Six months after deadline, Ola files financials flagging steep losses

by Live mint | May 7, 2026 6:16 am | Indian Stocks, Market, News

Ola Consumer’s consolidated revenue from operations fell 41% to ₹1,171 crore in FY25, while it reported a loss of ₹1,974.7 crore, compared with a profit of ₹531.4 crore a year earlier.

Pronto closes $45 million Series B at $200 million valuation

by Live mint | May 7, 2026 6:15 am | Indian Stocks, Market, News

The fundraising announcement comes barely a week after its closest rival, Snabbit, raised $56 million in a Series D round at a valuation of $400 million.

Meesho to sharpen AI focus as voice search, recommendation tool lift user base

by Live mint | May 7, 2026 6:15 am | Indian Stocks, Market, News

The Bengaluru-based company’s fourth-quarter loss narrowed 88% to ₹166 crore, from ₹1,391 crore a year ago, while operating revenue grew to ₹3,531 crore during the quarter.

Ola Consumer plans IPO for funds as cash options run out

by Live mint | May 7, 2026 6:14 am | Indian Stocks, Market, News

An Ola Consumer IPO is one of the few options available to founder Bhavish Aggarwal to fund the cash-strapped company and compete with rivals Uber and Rapido.

Mint Explainer | What is Lakshya 31, Larsen and Toubro’s new five-year plan?

by Live mint | May 7, 2026 6:11 am | Indian Stocks, Market, News

Larsen and Toubro Ltd’s ambitious five-year plan, Lakshya 31, aims to double revenue and expand into cutting-edge sectors like green hydrogen and semiconductor manufacturing. As the company navigates challenges in return on equity, analysts weigh in on the...

Canada’s Carbon Tax Hinders Pipeline Plans, Cenovus CEO Says

by Live mint | May 7, 2026 2:06 am | Indian Stocks, Market, News

Alberta’s planned oil pipeline to the west coast requires Canada to shift away from stricter climate policies and toward promoting greater oil production from new projects, Cenovus Energy Inc.’s chief executive officer said.

Bajaj Auto posts strong FY26, warns of demand slowdown ahead

by Live mint | May 7, 2026 12:05 am | Indian Stocks, Market, News

Bajaj Auto’s executive director Rakesh Sharma said on Wednesday in a post-earnings media conference that more than a third of GST’s gain has already been wiped off owing to price hikes from companies.

Who is Manoj Kohli, former Bharti Airtel executive onboarded to fintech Alt DRX’s Advisory Board?

by Live mint | May 6, 2026 11:06 pm | Indian Stocks, Market, News

Former Bharti Airtel MD and CEO Manoj Kohli has joined Alt DRX’s Advisory Board as a non-director advisor. This comes as the tokenised digital real estate marketplace seeks to assemble “one of the most formidable self-governance walls in Indian fintech”.

Shree Cement dials back on expansion following Adani’s move

by Live mint | May 6, 2026 9:10 pm | Indian Stocks, Market, News

Shree Cement’s shift signals a potential cooling of the aggressive capacity-addition cycle among India’s top cement producers, who had been racing to scale up output.

8th central pay commission: Who is IIM Bangalore professor, EAC member and the panel’s part-time member Pulak Ghosh?

by Live mint | May 6, 2026 9:09 pm | Indian Stocks, Market, News

8th CPC’s part-time member Pulak Ghosh is a tenured Professor of Finance, Decision Sciences and Public Policy at IIM Bangalore and a Member of the Economic Advisory Council to the Prime Minister.

Godrej Properties to expand premium real estate footprint

by Live mint | May 6, 2026 6:15 pm | Indian Stocks, Market, News

The real estate developer has lined up high-value projects across Gurugram, Delhi and Mumbai as premium housing demand strengthens.

Son rise at Sun: Decoding the architecture of Dilip Shanghvi’s global empire

by Live mint | May 6, 2026 6:14 pm | Indian Stocks, Market, News

With a bold $11.75 billion bet on Organon, Dilip Shanghvi is hedging a decade of US stagnation and quietly commissioning an empire for a son who would rather let the numbers do the talking.

Marico eyes ₹20k cr revenue by FY30, bets on new growth levers

by Live mint | May 6, 2026 6:14 pm | Indian Stocks, Market, News

Marico is targeting ₹15,000 crore revenue by FY27 and ₹20,000 crore by FY30, driven by premiumisation, packaged foods, and global expansion. Strong volume growth, wellness trends, and digital-led plays in markets like Vietnam are key to its next phase of...

Managers, get your hands dirty or get fired: Lessons from AI-powered tech layoffs at Coinbase, Block, Snap

by Live mint | May 6, 2026 4:10 pm | Indian Stocks, Market, News

As layoffs become the law of the land, and artificial intelligence (AI) drives productivity, it is managers that are becoming redundant.

United Breweries flags ₹400–500 crore cost hit as margins come under pressure

by Live mint | May 6, 2026 2:11 pm | Indian Stocks, Market, News

The Heineken-controlled brewer reported a decline in FY26 revenue and profit as packaging costs surged and pricing delays offset steady demand and premium growth.

Mphasis sues Coforge in US court over employee hiring, client exposure claims

by Live mint | May 6, 2026 1:11 pm | Indian Stocks, Market, News

Blackstone-owned Mphasis has alleged that rival Coforge recruited its employees in breach of contractual restrictions and gained access to confidential client information tied to Charles Schwab, intensifying scrutiny over non-compete enforcement in India’s IT services...

Aadhar Housing targets 20% growth in FY27, eyes ₹50,000 crore AUM in three years

by Live mint | May 6, 2026 1:10 pm | Indian Stocks, Market, News

The Blackstone-backed lender said West Asia tensions have no material impact on loan book as it sees steady demand from affordable housing and state-backed projects.

Facebook founder’s venture firm to step up investments in India’s deeptech, AI and robotics sectors

by Live mint | May 6, 2026 12:25 pm | Indian Stocks, Market, News

B Capital, led by Eduardo Saverin, plans to invest $50-$100 million annually. The firm, which manages over $10 billion in assets, sees potential in India’s growing market, particularly in AI and robotics.

Veritas Finance explores ₹1,000 crore secondary deal as IPO plans delay

by Live mint | May 6, 2026 10:31 am | Indian Stocks, Market, News

Chennai-based NBFC considers ₹800–1,000 crore largely secondary deal to offer exits to early investors as volatile markets delay its IPO plans. 

Samsung hits $1 trillion valuation driven by booming demand for AI chips, joins TSMC in elite club

by Live mint | May 6, 2026 9:11 am | Indian Stocks, Market, News

Samsung Electronics Co. has reached a $1 trillion market valuation after booming demand for chips used in artificial intelligence saw the world’s largest memory maker’s stock more than quadruple over the past year.
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