Tiger Logistics (India) standalone net profit rises 1.73% in the June 2025 quarter
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
a minute ago
- Time of India
NPCI shuts UPI pulls; Nykaa Q1 shows growth
Next NPCI shuts UPI pulls; Nykaa Q1 shows growth Want this newsletter delivered to your inbox? Also in the letter: NPCI orders end of UPI pull payments Driving the news: Understanding the context: Growth of UPI: Nykaa Q1 profit grows 79% on strong sales By the numbers: Operating revenue: Rose 23% to Rs 2,155 crore. Rose 23% to Rs 2,155 crore. Net profit: Climbed to Rs 24 crore. Climbed to Rs 24 crore. Gross merchandise value (GMV): Surged 26% to Rs 4,182 crore. Core operation: Qcomm focus: Also Read: Mamaearth Q1 profit rises 3% on record revenue By the numbers: Operating revenue: Grew 7% to Rs 595 crore. Net profit: Inched up 3% to Rs 41 crore. Total expenses: Rose 8% to Rs 563 crore. Employee benefit costs: Jumped 22% to Rs 60.4 crore. Quarterly performance: Mamaearth brand saw double-digit growth across ecommerce, modern trade and general trade The Derma Co's face cleanser became its third category to cross Rs 100 crore in annualised revenue runrate (ARR), after doubling sales. The company also expanded its retail footprint by 20% to over 2.4 lakh FMCG outlets. Also Read: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Cabinet clears four new semiconductor plants Driving the news: The cumulative investments in semiconductor projects now stand at Rs 1.6 lakh crore across six states. India already has six chip plants under construction in Gujarat, Assam and Uttar Pradesh, with the first 'made-in-India' chip expected soon. Roadmap: Also Read: Motilal Oswal invests Rs 400 crore in Zepto Tell me more: Recent transactions: But, why? ChrysCapital buys 85% of Theobroma Kimirica raises fresh capital for expansion, brand building Also Read: Keeping Count Other Top Stories By Our Reporters Pixxel & partners to build 12 satellites in PPP mode: Cognizant builds M&A muscle in India: Global Picks We Are Reading Happy Wednesday! To curb rising fraud, NPCI urges banks and fintechs to stop UPI pull transactions. This and more in today's ETtech Morning Dispatch.■ India's semiconductor push■ ETtech Done Deals■ PPP in spaceThe National Payments Corporation of India (NPCI) has instructed banks and UPI apps to halt all person-to-person (P2P) pull transactions as of October had already capped P2P pull payments at Rs 2,000 in 2019. Now, in a fresh letter to banks and fintechs, it has asked for the feature to be shut down decision follows a spike in UPI-related fraud, where scammers used the pull payment feature to trick unsuspecting bank customers. Sources told us NPCI may soon extend the ban to unverified merchant payments. As we reported on March 18 , this move was already in the remains India's preferred payment system, with NPCI logging 7 billion P2P transactions in July alone. However, banks say pull payments were never a significant driver, with only 3% of the transactions using this Nayar, CEO, NykaaFSN E-Commerce, parent of omnichannel beauty and lifestyle retailer Nykaa, reported a 79% rise in consolidated net profit for Q1 FY26 as its core business maintained momentum, according to its exchange beauty segment recorded a 26% GMV increase to Rs 3,208 crore, powered by robust growth in ecommerce, retail outlets, eB2B channels, and its in-house brands within the House of Nykaa House of Nykaa Beauty business now accounts for 18% of the company's overall beauty GMV, said Falguni Nayar, founder and CEO, Nykaa. Nykaa scaled its rapid delivery segment , Nykaa Now, to seven cities, including Mumbai, Delhi, and Bengaluru, delivering 1.3 million orders by the end of Alagh and Ghazal Alagh, founders, Honasa ConsumerHonasa Consumer, parent of Mamaearth, recorded its highest-ever quarterly revenue in Q1 FY26, pushing consolidated profit up by 2.7%.ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship Union Cabinet has signed off on four new semiconductor manufacturing units worth Rs 4,594 crore in Odisha, Andhra Pradesh and Punjab, bringing the total under the India Semiconductor Mission to ten SiCSem and US-headquartered 3D Glass Solutions Inc. will set up facilities in Odisha. New Delhi-based CDIL will establish a unit in Punjab, while Hyderabad's ASIP Technologies facility will be located in Andhra Pradesh. Together, these units will directly hire 2,034 skilled professionals and create thousands more jobs in allied electronic from these new plants will be used in missiles, defence equipment, electric vehicles (EVs), railway systems, fast chargers, data centre racks, consumer appliances, and solar power inverters, among other applications, IT minister Ashwini Vaishnaw said. These facilities are expected to be ready for production within three Oswal Financial Services has pumped Rs 400 crore into quick-commerce player Zepto, as the startup moves to increase Indian ownership ahead of a planned stock market a stock exchange filing, Motilal Oswal said it had bought 7.55 compulsorily convertible preference shares (CCPS) of Zepto. This part of a larger Rs 1,000-crore deal, which will value Zepto at around $5.4 billion, or Rs 47,298 investment comes on the heels of smaller stake buys by Mumbai-based NBFC Elcid Investments and mapping firm MapmyIndia . All three have picked up shares through secondary transactions, pegging Zepto's valuation at Rs 51,000 crore (around $5.9 billion).Zepto cofounders Aadit Palicha and Kaivalya Vohra are courting domestic investors to sidestep listing hurdles. They are also raising Rs 1,500 crore in debt to buy back shares from foreign has acquired an 85% stake in bakery chain Theobroma Foods for an undisclosed amount. The remaining 15% will remain with the first reported on July 15 that the homegrown private equity firm is looking to buy a majority stake from Theobroma's founding family and existing investor ICICI Venture for Rs 2,410 crore, valuing the company lower than the Rs 3,000 crore they initially sought.(L-R) Rajat Jain, Mohit Jain (up), Rica Jain and Kimi Jain, cofounders, KimiricaPersonal care brand Kimirica raised $15 million in a new funding round led by Carnelian Asset Management. The fresh funds will be used for brand building, expanding the customer base, product development, and offline expansion. The Indore-based company plans to launch over 10 experiential stores across India and the Middle the next four years, space startup Pixxel and its partners Piersight Space, Satsure Analytics, and Dhruva Space will invest over Rs 1,200 crore in deploying 12 satellites equipped with optical, hyperspectral, and synthetic aperture radar (SAR) Technology Solutions has hired at least five executives from consulting firms such as PwC, Deloitte, and EY as part of the corporate development team, in its focus on inorganic growth for the year ahead, people in the know told ET.■ Lisa Su runs AMD—and is out for Nvidia's blood ( Wired ■ Trump screwed over Nvidia's Chinese sales, then let them happen ( The Verge ■ China's vision for a driverless future is miles ahead of everyone else's ( Rest of World
Hans India
a minute ago
- Hans India
Telangana to build over 5,000 km of HAM roads to ramp up connectivity
Hyderabad: As part of its vision to provide better road facilities across the state, the Telangana government is set to construct 5,190 km of roads under the Hybrid Annuity Model (HAM). The project, which will be carried out in 17 packages, aims to connect every village to its mandal centre, every mandal to its district centre, and every district to the state capital. In the first phase, the Roads & Buildings (R&B) Department will take up 17 packages covering 5,190 km at a cost of Rs 6,478 crore, while the Panchayat Raj Engineering Department will handle 7,947 km in 17 packages at a cost of approximately Rs 6,000 crore. The remaining 6,810 km will be tendered by December of this year. The plan includes four-lane roads from district centres to Hyderabad, two-lane roads from mandals to district headquarters, and the upgrading of rural roads, including converting mud roads into bitumen-surfaced ones, informed R&B Minister Komatireddy Venkat Reddy. Addressing a Road Show on HAM at the National Academy of Construction (NAC) on Tuesday, the Minister said the government's vision is to link every village to its mandal headquarters, every mandal to the district headquarters, and every district to Hyderabad through modern, all-weather roads. Venkat Reddy explained that the HAM combines the strengths of the Engineering, Procurement, and Construction (EPC) and Build-Operate-Transfer (BOT) models, with the government funding 40 per cent of the project cost in ten instalments. Contractors will invest the remaining 60 per cent, which will be repaid based on performance with inflation-linked adjustments. The model ensures low risk for investors, a steady income, and 15 years of assured maintenance, resulting in durable, pothole-free, and safer roads. He stressed that quality roads are the backbone of economic growth and said Telangana's development plan places equal emphasis on welfare and infrastructure. The Minister assured contractors and financial institutions of transparency, timely payments, and clear policy support, adding that a web-based 'TG Roads Inventory' application has been developed for real-time project monitoring. Deputy Chief Minister Mallu Bhatti Vikramarka and Panchayat Raj Minister Seethakka, along with Road Development Corporation Chairman Malreddy Ram Reddy, attended the event as chief guests.
Hans India
a minute ago
- Hans India
Gold nosedives Rs 1,000 amid sell-off in global markets
New Delhi: Gold prices plunged Rs 1,000 to Rs 1,01,520 per 10 grams in the national capital on Tuesday in line with a sell-off in global markets, according to the All India Sarafa Association. On Monday, the precious metal of 99.9 per cent purity had settled at Rs 1,02,520 per 10 grams. In the local markets, gold of 99.5 per cent purity dipped Rs 1,000 to Rs 1,01,100 per 10 grams (inclusive of all taxes) on Tuesday. "Gold prices dipped after US President Donald Trump clarified on social media that there would be no tariffs on gold imports. Although an official confirmation from the White House is still pending, the announcement eased some trade-related concerns," Abans Financial Services CEO Chintan Mehta said. Adding to this, the White House announced on Monday that the suspension of high-level tariffs on China will be extended until November 11. This decision has helped ease ongoing macroeconomic tensions for now, which has pressured gold prices downwards, Mehta added.
