Category: Business

May 8 (BNP): India’s microfinance sector is showing signs of recovery, with the overall portfolio increasing to Rs 3.31 lakh crore in the latest quarter, according to a recent industry report. The sector recorded a 3.2 per cent quarter-on-quarter growth, reflecting improving lending activity and gradual stabilization in borrower demand. The rebound indicates renewed momentum […]

May 8 (BNP): Saudi Arabia’s tourism sector continues to gain momentum, with the country emerging as one of the fastest-growing travel destinations globally. Fresh insights from the World Travel & Tourism Council (WTTC) highlight the Kingdom’s rising influence in the global tourism industry, supported by a sharp increase in domestic travel and ongoing investments in […]

May 8 (BNP): Indian equity markets closed lower on Friday as rising crude oil prices and escalating geopolitical tensions triggered caution among investors. Benchmark indices Sensex and Nifty slipped amid fears that surging energy costs could increase inflationary pressure and impact global economic growth. Brent crude prices crossed the USD 100 per barrel mark after […]

Bangalore, Thimphu, May 08th: Tata Power, one of India’s largest integrated utilities, today announced the signing of an amendment to its Memorandum of Understanding (MoU) with Druk Green Power Corporation Limited (DGPC) to expand their clean energy collaboration in the Kingdom of Bhutan. As per the original MoU dated November 19, 2024, the Parties have decided to collaborate for the development of at least 4,500 MW Hydropower Projects […]

JAKARTA, May 08 - Three-year old TransNusa, the new aviation player with new rules, has yet again set a new benchmark by securing the top airline award for passenger growth in Southeast Asia.  At the annual Changi Airline Award 2026, organised by the Changi Airport Group, TransNusa received the esteemed Top Airline By Absolute Passenger Growth In Southeast Asia award, besting, both Low-Cost Carriers and […]

New Delhi  May 8: Hero Realty, the real estate arm of Hero Enterprise, has secured a ₹1,200 crore debt facility from IndusInd Bank to support its growth and expansion plans. The transaction was facilitated by Rezonance Consultants and reflects strong lender confidence in Hero Realty’s portfolio quality, governance standards, and execution capabilities. The funding will further […]

New Delhi, May 08: NeoLiv, India’s foremost fund-led developer, announced record-breaking sales of Rs. 1,251 crores for its golf-led luxury plotted township, NeoLiv Golf One, in Faridabad, NCR. The entire launch inventory was sold out within just six hours of launch, driven by strong demand from HNI buyers and investors from within India and NRI […]

Mumbai, May 08: Continuing its focus on insight-led, consumer-first marketing, Nykaa has launched the first edition of its new IP, Nykaa Concern Week, with an on-ground activation at Bandra Fort, Mumbai. Designed as a strategic platform, Nykaa Concern Week aims to position Nykaa as the go-to destination for solving real, everyday beauty concerns. The first edition spotlights pigmentation: one […]

New Delhi, May 8: Dabur India Limited reported consolidated revenue growth of 7% year-on-year to Rs 30.4 billion for Q4FY26, while EBITDA increased 8% to Rs 4.6 billion, supported by strong domestic FMCG demand, volume growth, and margin expansion. India FMCG business delivered 9.5% revenue growth with volume growth of 6%, driven primarily by strong […]

Bengaluru, India, May 08: Wonderla Holidays Ltd., India’s premier and largest amusement park chain, today announced its financial results for the fourth quarter and year ended March 31, 2026, delivering the highest-ever Q4 and FY26 revenue driven by Chennai Park and THE ISLE by Wonderla. The strong performance reflects robust sales and marketing interventions to drive demand and the operational excellence to deliver world-class experiences. Key Financial Highlights: Q4 FY26 Footfalls ₹ 8.79 lakhs  ↑30%     Total income ₹ 14,205 lakhs  ↑32%     EBITDA ₹ 5,001 lakhs ↑64%   Key Financial Highlights: FY26 Footfalls ₹ 32.19 lakhs  ↑6%     Total income ₹ 55,108 lakhs  ↑14%     EBITDA ₹ 19,245 lakhs ↑12%   Consolidated Financial Highlights (all numbers in ₹ lakh unless specified otherwise)   Particulars Q4 FY26 Q4 FY25 YoY      FY26 FY25 YoY Total income 14,204.84 10,758.88 32% 55,107.90 48278.11 14% EBITDA 5,000.92 3,054.21 64% 19,245.47 […]