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Lodha Developers has acquired development rights f Lodha Developers has acquired development rights for a Mumbai property from Sorabji Kanga Charity Trust for approximately Rs 106.12 crore. 

This includes 5,017 square metres of Rera carpet area, 150 parking spaces, and a 42.5% trust share in development. 

The property's market value is around Rs 621.71 crore, with Rs 37.42 crore paid in stamp duty. 

The total land area is 17,403.20 square metres, which includes a chawl and six bungalows; redevelopment will exclude the housing society. 

Lodha must also transfer 38,990.48 square metres to Mhada per DCPR 2034. 

Malabar Hill is a premium area with rising property values.
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#OverNexus #LodhaDevelopers #MalabarHill #RealEstateAcquisition #MumbaiProperty #LuxuryLiving
Indian payments firm BillDesk will acquire Worldli Indian payments firm BillDesk will acquire Worldline SA's Indian payment operations for about $70.8 million. 

The deal includes a long-term technology partnership where BillDesk will use Worldline’s payment software. 

Worldline values its India business at $43.7 million and aims to refocus on core payment activities in Europe, using the transaction proceeds to enhance its financial profile. 

Worldline's Indian unit previously received RBI approval for cross-border payments, allowing it to operate under regulations. 

BillDesk’s FY24 revenue declined to Rs 2,334 crore, with a profit drop to Rs 121 crore. 

The transaction closure is anticipated in the latter half of 2026.
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#OverNexus #BillDeskAcquisition #WorldlineIndia #PaymentSolutions #DigitalPayments
Prabhkiran Singh, co-founder of Bewakoof, will lea Prabhkiran Singh, co-founder of Bewakoof, will leave the company after 14 years, continuing until March to prioritize personal matters. 

Founded in 2011 with Siddharth Munot, Bewakoof evolved into a youth-centric D2C fashion brand, selling products mainly online. 

With a focus on affordable, trendy items, it gained strong popularity among Gen Z and millennials. 

In 2022, TMRW, part of the Aditya Birla Group, acquired a majority stake for Rs 200 crore, integrating Bewakoof into its digital fashion portfolio. 

The brand was among the first in India to achieve Rs 100 crore in annual revenue, reporting Rs 173 crore in FY25, while reducing losses to Rs 73 crore.
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#OverNexus #Bewakoof #PrabhkiranSingh #LeadershipChange #EntrepreneurJourney #BusinessNews
Wishlink, a creator-focused commerce startup, has Wishlink, a creator-focused commerce startup, has secured $17.5 million in a Series B funding round led by Vertex Ventures Southeast Asia & India, with participation from existing investors Fundamentum and Elevation Capital. 

This funding follows a $7 million raise in February 2024 and a $3 million seed round in October 2022. 

The funds will enhance creator and brand partnerships and improve technology for users. 

Founded in 2022 by Shaurya Gupta, Divyansh Ameta, and Chandan Yadav, Wishlink enables product discovery through influencers, supporting over 40,000 monthly active creators and facilitating over 6 million orders, generating over Rs 350 crore in monthly sales. 

Revenue surged 356% YoY to Rs 53.80 crore in FY25.
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#OverNexus #WishlinkFunding #SeriesBInvestment #VertexVentures #StartupGrowth #TechInvestment
LAT Aerospace, a hybrid-electric regional aircraft LAT Aerospace, a hybrid-electric regional aircraft manufacturer, has acquired Gurugram-based defence robotics startup Sharang Shakti. 

This marks LAT's first step toward developing indigenous defence capabilities alongside its civil aviation projects. 

Goyal stated that despite civil aviation and defence being seen as separate, they share core technologies like autonomy and navigation. 

LAT Aerospace, co-founded by Goyal in early 2025 with a $20 million investment, is seeking to raise an additional $50 million. 

Sharang Shakti, established in 2023, focuses on anti-drone systems and aerial threat mitigation. 

The acquisition aims to enhance LAT's expertise in autonomous systems and defence technology while developing hybrid-electric aircraft and VTOL platforms to improve regional air mobility.
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#OverNexus #DeepinderGoyal #LATAerospace #SharangShakti #AerospaceAcquisition #InnovationInAerospace
IDFC First Bank announced it has repaid ₹583 crore IDFC First Bank announced it has repaid ₹583 crore in principal and interest to Haryana government departments, while cooperating with authorities to address a fraud case. 

Following the refund, the bank’s shares recovered after a significant drop. 

The fraud, reported at a Chandigarh branch managing Haryana accounts, was discovered when discrepancies arose during an account closure request. 

Management deemed the incident isolated, linked to employee collusion with external parties, prompting suspensions and commissioning a KPMG forensic audit. 

The bank emphasized its commitment to governance and ethics, stating that its customer-first principles remained intact as it processed payments despite the ongoing investigation. 

A report suggested that the financial impact could significantly affect future profits, depending on the outcomes of the audit and legal actions.
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#OverNexus #IDFCFirstBank #HaryanaGovernment #FraudDetection #FinancialIntegrity #BankingNews
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.
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#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.
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#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.
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#OverNexus #UnacademyFranchise #EducationRevolution #LearningOpportunities #FranchiseModel #EdTechInnovation

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