Biocon Board Recommends 50-Paise Dividend Despite Sharp Decline in Quarterly Profit

Biocon Ltd, the Bengaluru-based biopharmaceutical major, has reported a sharp 56.8% decline in its consolidated net profit for the fourth quarter ended March 31, 2026. The company’s net profit stood at ₹198.6 crore, compared to ₹459.4 crore in the corresponding period of the previous fiscal year. The significant drop in earnings was primarily attributed to…

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Institutional Investors Acquire Stake in MobiKwik Following Peak XV’s Full Exit

Venture capital firm Peak XV Partners has fully exited its investment in the fintech major One MobiKwik Systems. According to market sources, the firm completed a block deal worth approximately ₹130 crore, marking the conclusion of its long-standing association with the digital payments company. As an early investor in MobiKwik, Peak XV Partners successfully divested…

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Amazon India Announces $300 Million Investment to Boost Quick Commerce and Worker Welfare

Amazon India has announced a massive investment of over ₹2,800 crore (approximately $300 million) aimed at drastically expanding its logistics infrastructure and enhancing worker benefits across the country. The announcement, made on Thursday, marks a significant step in the e-commerce giant’s broader strategy to invest over $35 billion in India by 2030, focusing on AI-led…

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Singapore Airlines CEO Meets Tata Leadership Over Air India’s Financial Woes

The Chief Executive Officer of Singapore Airlines (SIA) arrived at Bombay House on Thursday morning for high-level discussions with senior Tata Group executives. This strategic meeting, reportedly including Tata Sons Chairman N Chandrasekaran, comes at a critical juncture as Air India grapples with mounting financial losses and significant operational hurdles. The partnership between the two…

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