Skip to content
No results
OverNexus logo
  • Home
  • Business
  • Funding
  • Startup
  • Her Story
  • More
    • Technology
    • Entertainment
    • Sports
    • Health
OverNexus logo
  • Home
  • Business
  • Funding
  • Startup
  • Her Story
  • More
    • Technology
    • Entertainment
    • Sports
    • Health
OverNexus logoOverNexus logo

Your Business News Feed

Wipro reported a 7% year-on-year decline in net pr Wipro reported a 7% year-on-year decline in net profit for Q3FY26, amounting to ₹3,120 crore, primarily due to one-time adjustments related to labour code implementations. 

This trend of profit decline is echoed by other major IT firms like TCS, Infosys, and HCLTech. 

While the IT services revenue slightly increased by 0.2% to $2.6 billion, gross revenue rose by 5.5% to ₹23,560 crore, above Bloomberg's estimates, contrasting with the lower-than-expected net profit. 

On a constant currency basis, IT services revenue grew by 1.4% sequentially. 

For Q4, Wipro anticipates IT services revenue between $2,635 million and $2,688 million, indicating a 0%-2% growth in constant currency terms. 

More than half of the revenue growth can be attributed to the acquisition of Harman's digital transformation solutions. 

CEO Srini Palia emphasised a focus on cost optimisation and AI to enhance efficiency. 

Despite a robust deal pipeline, the total contract value decreased to $3.3 billion, with a 9.3% fall in large deals. 

Operating margins improved to 17.6%, aided by cost reductions and restructuring efforts. 

Attrition rates declined to 14.2%, with an increase in headcount to 242,021, mostly due to Harman's integration, while hiring plans for freshers were adjusted.
.
.
#OverNexus #WiproQ3Results #NetProfitDecline #FinancialUpdate #WiproFY26 #CorporateEarnings
AstroTalk's e-commerce branch, AstroTalk Store, ac AstroTalk's e-commerce branch, AstroTalk Store, achieved over Rs 140 crore in revenue in 2025, with an annualised run rate exceeding Rs 200 crore. 

Launched in November 2024 with an initial investment of Rs 30 lakh, it later received an additional Rs 40 crore to enhance inventory and expand product categories. 

The Store processed over 1.6 million orders in 2025, offering over 300 SKUs, including rudrakshas and gemstones. 

CEO Puneet Gupta highlighted the fragmented nature of the spiritual products market. 

AstroTalk plans to add 500 products by FY27, aiming for Rs 400–500 crore in revenue. 

Overall, the company's revenue grew to Rs 1,176 crore in FY25, and it is preparing for an IPO while pursuing a $50–100 million funding round.
.
.
#OverNexus #AstroTalkSuccess #EcommerceGrowth #RevenueMilestone #ARRAchievement #businessexcellence
Unacademy is shifting its focus towards profitable Unacademy is shifting its focus towards profitable growth following significant cost corrections, as communicated by co-founder and CEO Gaurav Munjal in an internal email. 

The test prep budget for 2024 has been reduced from nearly Rs 450 crore to around Rs 200 crore through operational changes, including shutting down underperforming initiatives. 

Key exam prep verticals like UPSC, NEET PG, and CAT have turned contribution margin positive. 

Munjal highlighted that PrepLadder and Graphy achieved cash flow positivity for the year, while Airlearn's annual recurring revenue surged from $200,000 to nearly $3 million. 

The company plans to transition from company-operated offline centers to franchise partnerships, aiming for a leaner cost structure by April. 

The email follows the halted acquisition talks with upGrad over valuation differences, and Munjal anticipates 2026 will emphasize growth and enhanced unit economics.
.
.
#OverNexus #UnacademyFranchise #EducationRevolution #LearningOpportunities #FranchiseModel #EdTechInnovation
Kolte-Patil Developers, backed by Blackstone, has Kolte-Patil Developers, backed by Blackstone, has entered a joint development agreement for a residential project in Pune, valued at ₹850 crore, located in the Bhugaon area, with a potential of 1.1 million square feet. 

Bhugaon is viewed as a promising residential area with strong connectivity, near established regions like Bavdhan and Kothrud, and close to the Mumbai–Pune Expressway. 

Rajesh Patil, managing director, emphasized the strategic nature of this deal to enhance the company’s presence in high-demand micro-markets and to create valuable residential spaces. 

In H1 FY26, Kolte-Patil's sales dipped by 13% YoY to ₹1,286 crore, while Blackstone increased its stake to 40%. 

Moreover, Pune's housing supply rose by 12% in 2025, with most new offerings under ₹1.5 crore, but sales fell by 20%.
.
.
#OverNexus #KoltePatilDevelopers #PuneRealEstate #HousingProject #InvestmentOpportunity #PuneDevelopment
Ola Electric is expanding its 4680 Bharat Cell pla Ola Electric is expanding its 4680 Bharat Cell platform, allowing businesses and startups to purchase either the 4680 Bharat Cells or a 1.5kWh battery pack for various applications, including automotive, humanoids, drones, and medical equipment. 

This initiative aims to foster innovation in energy storage solutions manufactured in India. 

Additionally, the Ola Shakti residential Battery Energy Storage System (BESS) will be available for purchase, with deliveries scheduled for early 2026. 

The flagship motorcycle, Roadster X+ powered by the 4680 Bharat Cell, offers a range of 500 km per charge. 

The platform is central to the company’s energy and mobility ecosystem.

#OverNexus #OlaElectric #BharatCellExpansion #4680Technology #SustainableMobility #ElectricRevolution
Saks Global filed for bankruptcy protection, marki Saks Global filed for bankruptcy protection, marking a significant retail collapse post-pandemic. 

The company will continue its operations temporarily after securing a $1.75 billion financing package and appointing Geoffroy van Raemdonck as CEO, replacing Richard Baker. 

With assets and liabilities between $1 billion and $10 billion, the retailer aims to negotiate debt restructuring or find a new owner or face closure. Key creditors include luxury brands Chanel and Kering. 

Brooklyn-based investors, led by Pentwater Capital Management, are providing essential funding. 

Amid rising online competition, Saks struggled to maintain sales, leading to inventory shortages and a recent property sale. 

Saks Global's financial challenges stem from substantial debt acquired during the Neiman Marcus acquisition.
.
.
#OverNexus #businessnews #SaksGlobalBankruptcy #NeimanMarcusTakeover #FinancialCollapse #RetailIndustryNews #BusinessRestructuring
Billionaire Gautam Adani’s group plans to invest o Billionaire Gautam Adani’s group plans to invest over $11 billion in its airports business by 2030, targeting nearly a dozen new terminals and expanding into aircraft maintenance. 

The unit's expenditure includes ₹1 trillion on infrastructure and amenities, with a potential IPO by March 2028. 

Adani Airport Holdings operates seven airports and aims for eleven more. 

Their flagship project, Navi Mumbai International Airport, opens on December 25, featuring a significant investment and advanced passenger features. 

The group seeks to restore confidence after recent financial turbulence and is exploring partnerships for aircraft manufacturing.
.
.
#OverNexus #BusinessNews #AdaniInvestment #AirportDevelopment #IPOPlans #AviationPartnership #EconomicGrowth
The Enforcement Directorate (ED) has returned over The Enforcement Directorate (ED) has returned over ₹300 crore to settle unpaid dues of former Kingfisher Airlines employees. 

This follows a December 12 order from the Debts Recovery Tribunal (DRT) in Chennai, allowing the release of funds from shares previously seized by the ED. 

A total of ₹311.67 crore will be sent to the official liquidator for distribution to workers. 

The ED collaborated with the State Bank of India (SBI) to prioritize these payments. 

Kingfisher Airlines, linked to fugitive Vijay Mallya, faced allegations of bank loan fraud. 

Mallya, living in London since 2016, is sought by Indian authorities for fraud and money laundering.
.
.
#OverNexus #BusinessNews #KingfisherEmployees #EDAction #FinancialJustice #EmployeeDues #CorporateResponsibility
Tata Power has successfully raised Rs 2,000 crore Tata Power has successfully raised Rs 2,000 crore through non-convertible debentures (NCDs) via a private placement. 

The issuance followed the multiple yield allotment method set by the BSE and Sebi, with the NCDs slated for listing on the BSE's wholesale debt market. 

The board approved the allotment of NCDs in two series, each comprising one lakh, with tenors of three years and five years. 

These NCDs will be offered to specific investors based on terms outlined in the placement memorandum. 

The coupon rates were determined at 7.05 per cent for Series I and 7.25 per cent for Series II using the BSE's Electronic Book Building Platform. 

Tata Power, a major integrated power company, has a diversified energy portfolio of 15.9 GW and aims to expand its capacity.
.
.
#OverNexus #BusinessNews #TataPower #NCDIssuance #PrivatePlacement #InvestmentOpportunities #FinancialGrowth

News by Category

Business
Funding
Startup
Her Story

News of the Week

  • Funding
EvolutionaryScale Raise $142 Million for AI

Amazon and Nvidia backed EvolutionaryScale Raise $142 Million for AI that makes Proteins

  • Aarti SinghAarti Singh
  • June 30, 2024
  • Business
Visa, Mastercard 'Swipe Fee' Settlement

Unraveling the Complexities of the $30B Visa, Mastercard ‘Swipe Fee’ Settlement

  • Aarti SinghAarti Singh
  • June 29, 2024
  • Business
San Francisco home

The Hidden Catch: Affordable San Francisco Homes in a Prestigious Area

  • Aarti SinghAarti Singh
  • June 28, 2024
  • Business
Breaking News Adidas to Launch 'The Pulse' in the UK

Breaking News: Adidas to Launch ‘The Pulse’ in the UK

  • Aarti SinghAarti Singh
  • June 26, 2024
  • Health
Beware of These 8 Symptoms of Low Testosterone Level

How to Survive Men’s Health Week 2024: Beware of These 8 Symptoms of Low Testosterone Level

  • Aarti SinghAarti Singh
  • June 16, 2024
View all
  • About
  • Privacy Policy
  • Disclaimer
  • Correction Policy
  • Contact

© 2024-2026 OverNexus