Airtel offers Google One cloud subscription to postpaid/WiFi customers
Bharti Airtel and Google have joined forces to offer Airtel's postpaid and WiFi customers a Google One cloud storage subscription. This collaboration provides access to 100 GB of cloud storage for six months at no additional cost, shareable with up to five users. After the promotional period, a monthly fee of Rs 125 will be applied to the customer's bill.
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Indian Express
8 minutes ago
- Indian Express
Wagh Bakri Tea Group launches Royale blend
The Ahmedabad-based over 130-year-old Wagh Bakri Tea Group on Tuesday launched the Royale blend, the group's first major product launch in the CTC, black tea category in nearly three decades. During the launch event, Wagh Bakri Tea Group Executive Director Paras Desai said that a month before the official unveiling, Royale was served at Wagh Bakri Tea Lounges in Gujarat, Mumbai, Pune, Bengaluru, Delhi-NCR, and Haryana, where customers embraced it 'wholeheartedly and praised its rich, satisfying experience'. Royale is crafted from '100% handpicked Assam tea leaves, combining high-grown long leaves with robust CTC teas. The result is a bold flavour, vibrant Kesari hue, and mesmerising aroma designed to satisfy discerning palates,' said a statement from the company. This blend will be priced at Rs 180 for 225 grams and Rs 360 for 450 grams. The rollout begins in Ahmedabad and Vadodara. 'Gujarat is home to Wagh Bakri. Starting here is a rational decision backed by our strong regional presence and robust distribution,' said Wagh Bakri Tea Group CEO Sanjay Singal. 'If you give quality to consumers, they will definitely come back,' he added. Singal noted that while Punjab and Jammu tops the list in per capita spending on tea, Gujarat and Maharashtra lead the premium tea segment. He added that the 'aspirational generation' is driving the premiumisation trend, with more customers willing to pay for superior products. 'Wagh Bakri Royale is our finest blend to date, a unique mix of tradition and innovation,' he said. With an annual turnover of Rs 2,000 crore and distribution of over 50 million kilograms of tea, Wagh Bakri has its roots in South Africa where Gandhian Narandas Desai started his first tea estate and launched it as the Gujarat Tea Depot.
Economic Times
9 minutes ago
- Economic Times
Nazara's Q1 net profit up 118%, revenue doubles
Nazara Technologies posted strong growth in the June quarter, with net profit rising 118% to Rs 51.3 crore, compared to Rs 23.6 crore a year earlier, driven by gains across its gaming from operations nearly doubled to Rs 498.8 crore in Q1 FY26 from Rs 250 crore in the year-ago period. Revenue from the gaming segment surged 2.7 times to Rs 240 crore, while the ad-tech business recorded a fourfold jump to Rs 106 crore. 'We are seeing early results from our sharpened focus on IP-led gaming and are reinvesting this momentum into expanding our IP portfolio and strengthening UA (user acquisition) to drive sustained growth. We have also strengthened our leadership team with recent appointments bringing deep expertise in gaming,' said Nitish Mittersain, joint managing director and chief executive officer of Nazara Technologies. While growth was aided by acquisitions such as Fusebox, Animal Jam and Curve Games, expenses surged during the quarter, with total expenditure rising to Rs 521 crore from Rs 240 crore a year earlier, driven largely by advertising and marketing costs, which tripled to Rs 124.75 Mumbai-based company's board has proposed raising the company's authorised share capital from Rs 50 crore to Rs 80 crore, which will require shareholder the authorised share capital raises the maximum value of shares the company can issue in the future, giving it room to raise more equity or issue additional board has approved a stock split, in which each existing share with a face value of Rs 4 will be split into two shares of Rs 2 each, along with a 1:1 bonus issue that will give shareholders one additional Rs 2 share for every share they hold after the company also announced the appointment of Rohit Sharma, founder of mobile video ad platform Pokkt, as a whole-time director, designated as executive July, Nazara said in an exchange filing that it will "de-subsidiarise" Nodwin Gaming, as the esports and events arm raises fresh capital from certain existing shareholders. The funding will dilute Nazara's stake in Nodwin below 50%, reclassifying it from a subsidiary to an associate has been focusing on building and acquiring gaming intellectual properties globally. On April 18, ET reported that Nazara had earmarked Rs 800–1,000 crore this year for acquisitions, targeting studios with established IPs and annual revenue of around Rs 100 May, it acquired UK-based PC and console game publisher Curve Games for Rs 247 crore. Other acquisitions include UK-based Fusebox Games, PokerBaazi parent Moonshine Technology, Comic Con India, West Asia- and Turkey-focused marketing firm Publishme, Singapore-based events company Branded, Turkish esports firm Ninja Global and Paper Boat Apps, the creator of shares rose 1.5% to close at Rs 1,420.9 on the BSE on Tuesday. The results were announced after market hours. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. As 50% US tariff looms, 6 key steps that can safeguard Indian economy As big fat Indian wedding slims to budget, Manyavar loses lustre Why are mid-cap stocks fizzling out? It's not just about Trump tariffs. The airport lounge war has begun — and DreamFolks is losing Stock Radar: UNO Minda eyeing fresh 52-week high in next few weeks; check target and stop loss for long positions Buy, Sell or Hold: Antique recommends buy on Siemens; Avendus upgrades SBI to Buy post June quarter results Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Time of India
11 minutes ago
- Time of India
Norwest Venture eyes a bite of Belgian Waffle
New Delhi | Mumbai: Global venture fund Norwest Venture Partners (NVP) is leading negotiations to buy into homegrown dessert and waffle chain The Belgian Waffle Co , after talks with ChrysCapital fell through last year, said people directly aware of the developments. A potential deal is expected to value Belgian Waffle at '350-500 crore, the people said. They did not disclose the size of the stake NVP is looking to buy. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program "Fresh negotiations are underway with NVP, to sell minority equity in the business, since the promoters don't want to sell a majority stake as of now, which was why the deal with ChrysCapital did not work out," one of the persons said. "However, given that investor interest is picking up in the dining-out space and there are signs of revival in the sector, negotiations have been revived." Started in 2015 by entrepreneur couple Shrey and Alisha Aggarwal, Belgian Waffle's ownership rests with their company Bloombay Enterprises. It currently has about 650 stores operational in more than 200 cities across India. The chain reported revenue of Rs 225 crore in FY24, rising from Rs 148 crore in the previous year, according to company filings. Live Events "While Lighthouse Funds too has been in the fray to acquire a minority stake in Belgian Waffle, as of now NVP is leading the negotiations," said the person cited above. Backed by US financial giant Wells Fargo, NVP, an early to mid-stage fund, has invested in India in several sectors spanning consumer, healthcare, IT services and financial services. It includes companies such as Swiggy , Mensa Brands, Five Star Finance, and Amagi Media Labs. Belgian Waffle, NVP, and Lodha Capital Markets, which is handling the talks on behalf of the waffle chain, declined to comment. While most of its outlets are in the cafe format, Belgian Waffle also operates through kiosks and takeaways. Its operating structure is a mix of company-owned and franchisee-led formats. It also sells on Swiggy and Zomato . Belgian Waffle has also expanded to spreads and pre-mix categories, mirroring strategies of various quick service restaurants and cafe chains entering the ready-to-eat business to fuel sales in a subdued market. The potential Belgian Waffle deal would track homegrown private equity firm ChrysCapital acquiring around 85% stake in pan-India bakery chain Theobroma Foods for Rs 2,410 crore. Various specialised cafes and patisserie brands are entering India or adding new stores. These include Canada's Tim Hortons, Belgian chain Le Pain Quotidien, French patisserie brand Laduree, Reliance Brands-backed Armani/Caffe and Pret a Manger.
