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₹16,550 crore during the period due to channel destocking in Q3, while Ebitda fell a sharper 28% to ₹1,470 crore, hit by elevated copper and aluminium prices and higher other expenses.A recovery is expected in FY27, supported by price hikes of 2-9% across products and stronger revenue growth. Centrum Broking estimates earnings per share (EPS) growth of 40% and 23% for FY27 and FY28, respectively, while JM Financial Institutional Securities pegs growth at 31% and 13%.Revenue growth is expected to be driven by portfolio expansion, premiumisation and exports.

NEW DELHI: The Centre’s second e-bus tender under the ₹10,900 crore PM E-Drive scheme, for 2,900 e-buses in Ahmedabad, Hyderabad, Pune, and Mumbai, and 3,330 buses in Delhi has been deferred by one month.The tender for 6,230 e-buses opened for manufacturers and operators on 9 January this year, and was scheduled to close on 10 March. But a 6 March notification by Convergence Energy Services Ltd (CESL), the government’s demand aggregation agency, showed the closing date was deferred to 9 April.

Arnya Real Estates Fund Advisors and developer Supreme Universal have raised ₹1,030 crore for Arnya Real Estate Fund—Equity, from domestic and offshore investors, including family offices and ultra-rich individuals, marking the first close for the equity platform.The capital raised also includes around ₹220 crore of equity committed by the two sponsors. Arnya Real Estates will manage the fund, while Mumbai-based Supreme Universal will develop the projects.Arnya Real Estates has raised the capital for the platform via a Sebi-registered category II alternative investment fund (AIF)—Arnya Real Estate Fund-Equity.The two partners had announced the launch of a residential real estate platform in November that will develop housing projects in Mumbai and Pune.

two land acquisitions. It bought 11.36 acres in Gurugram, Haryana, with an estimated revenue potential of more than ₹4,500 crore, strengthening its exposure to the National Capital Region (NCR).

AI-focused data centre can consume as much electricity as 100,000 households, while the largest facilities under construction could consume 20 times as much.In 2024, data centres accounted for 1.5% of global electricity consumption, largely concentrated in the US, China and Europe. Global data-centre electricity consumption is expected to more than double to 945 terawatt-hours (TWh) by 2030, equivalent to more than half of India’s electricity consumption in 2023-24 (1,622 TWh).The IEA estimates data centres will account for about half of electricity demand growth in the US between 2025 and 2030.

Last month, I travelled across India— listening, observing and taking stock. While the journey was energizing and often inspiring, it left me with an open question: Where is the world’s most populous country headed? My trip began in West Bengal’s Purulia district, a relatively poor region marked by beautiful landscapes of lakes and rolling hills, some crowned with small ancient temples. Purulia’s population is a mosaic of cultures and tribal communities.

Subscribe to enjoy similar stories. BENGALURU: ICE MT India Pvt. Ltd, a subsidiary of US financial services firm Intercontinental Exchange Inc., has opened a 193,053 sq.

Subscribe to enjoy similar stories. Imagine owning a piece of a luxury apartment in Mumbai or a high-yield property in Pune with the same ease as buying a sachet of shampoo or a plate of dosa. This vision of "miniaturizing" wealth was in the spotlight at the Mint Money Festival 2026, held on 14 February in Mumbai.

Subscribe to enjoy similar stories. MUMBAI: Stable Money, an Indian platform allowing users to book fixed-income assets, has raised $25 million in a pre-Series C funding round, valuing the Bengaluru-based fintech startup at $175 million, at a time when Indian fintechs are under pressure to build more sustainable business models Peak XV Partners led the all-equity round with a $20 million investment, Saurabh Jain, co-founder of Stable Money, told Mint. Existing backers Z47, RTP Global, and the Fundamentum Partnership, co-founded by Infosys Ltd chairman Nandan Nilekani, also participated.

Subscribe to enjoy similar stories. As part of the Income Tax Rules, 2026, notified last week, the government has proposed three key changes that may tilt the needle towards the old tax regime again. First, the children’s education allowance exemption is to be increased sharply from a token ₹100 per month per child to ₹3,000 per month per child.

Subscribe to enjoy similar stories. The draft income tax rules released by India’s government for public comments are a marked improvement on what’s currently in force. For one, the number of rules and forms will almost be halved.

Subscribe to enjoy similar stories. New Delhi is supercharging the four testing agencies behind India's vehicle standards, crash tests and technology research, at a time new power trains and connectivity tech crowd the automotive assembly line.

Subscribe to enjoy similar stories. New Delhi: Hero MotoCorp Ltd recorded its highest-ever quarterly revenue during the October-December quarter, joining TVS Motor Company Ltd and Bajaj Auto Ltd in achieving this milestone, buoyed by the festive rush and goods and services tax (GST) cuts.

Subscribe to enjoy similar stories. Hyundai Motor India Ltd’s December quarter (Q3FY26) results drew a lacklustre reaction from the Street. While Ebitda margin was flat year-on-year at 11.2%, unit economics improved slightly.

Subscribe to enjoy similar stories. Prestige Estates and Projects Ltd is set to close FY26 on an impressive note, helped by new launches and continued sales traction in existing projects. Pre-sales or bookings rose a whopping 122% year-on-year to ₹22,327 crore in the nine-month period ended December (9MFY26) when it unveiled nine projects (residential and plotted), including Prestige Garden Trails in Mira Road in Q3FY26.

Subscribe to enjoy similar stories. BENGALURU: Zensar Technologies Ltd is set to get less business from Cisco Systems, one of its top five clients, as the US technology major pares the number of IT vendors it works with and tightens discretionary spending, people with knowledge of the matter said. The development makes Zensar the fifth Indian information technology (IT) services company in the past year to face pressure in a top account, underscoring a broader trend of global clients rationalizing vendors and cutting costs, moves that are weighing on growth prospects for mid-tier IT outsourcers.

Subscribe to enjoy similar stories. Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]. The demand for instant deliveries has intensified competition in India’s fashion retail industry, pushing platforms and startups alike to bet on speed as a key differentiator, setting the stage for a more execution-intensive battle in 2026.

Subscribe to enjoy similar stories. New Delhi: India’s top electric bus manufacturers are gearing up for the government’s next mega tender of 6,230 electric buses, cumulatively valued at over ₹6,000 crore, to be deployed across five cities—Delhi, Mumbai, Pune, Ahmedabad and Hyderabad—according to tender documents released on 9 January. Delhi, grappling with severe air pollution, will get the largest allocation of 3,330 electric buses through this round of procurement, the tender document, reviewed by Mint, showed.

real estate developers is expected to be mixed in Q3FY26, largely dependent on the pace of new project launches.Sobha Ltd, for example, launched the luxury Sobha Magnus project in south Bengaluru, ventured into Mumbai with Sobha Inizio, and unveiled Sobha Strada in sector 106, Gurgaon. This propelled its pre-sales to ₹2,115 crore in Q3, marking a 52% year-on-year jump and making this its best Q3 ever, with Bengaluru driving the bulk of the bookings.

Apple Inc. has notched another feat in India – fuelled by easy credit, cashbacks and aspirational Indians, the iPhone 16 is now the country’s highest-selling smartphone, eclipsing the most popular budget model from China’s Vivo.The iPhone 16 series, launched about 15 months ago, sold 6.5 million units in the first 11 months of 2025, according to data from Gurugram-based Counterpoint Research.