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INSIGHTS
Our latest thinking on the issues that matter most in Finance, Business and Strategy


Nykaa Profit Triples as Beauty Scales
Nykaa's Q2 FY27 profit rose 206.8% to ₹101.2 crore as beauty scaled. Plus Lenskart's results, a ₹2,814 crore critical-minerals scheme and new funding rounds.


Lupin Sales Rise 14% as Margins Narrow
Lupin's Q2 FY27 sales rose 14% to ₹7,786 crore but EBITDA margin fell to 27.9% and profit dropped 22%. Plus NLC India, Fractal Analytics and new funding rounds.


Petronet Profit Rises 53% as Revenue Falls
Petronet LNG's Q2 FY27 profit rose 53% to ₹1,235 crore while revenue fell 35%. Plus ₹53,867 crore corvette contracts, Reliance results and October startup funding.


Deepak Nitrite Profit Triples on Phenolics Surge
Deepak Nitrite's Q2 FY27 revenue rose 61% to ₹3,091 crore and profit 235% to ₹398 crore. Plus KIMS's Kakinada hospital deal, NTPC–ACME power and funding rounds.


Maruti's Record Volumes Meet Margin Squeeze
Maruti Suzuki's Q2 FY27 revenue rose 26% to ₹53,340 crore but profit fell 27% as EBITDA margin narrowed to 8.9%. Plus Info Edge, Cochin Shipyard and funding rounds.


Paytm Turns Payments Growth Into Profit
Paytm's Q2 FY27 net profit rose to ₹225 crore on revenue of ₹2,648 crore, up 28.5%. Plus Tata Communications' AI fibre plan, SoftBank's Ola Electric sale and funding.


IPO Debuts Split on Listing Day
Tonbo Imaging listed 66% above its IPO price while Zetwerk slipped below issue within hours. Plus Swiggy's Instamart shift, Vultr's Chennai AI cluster and funding.


Apple India Crosses ₹1 Lakh Crore Revenue
Apple India's FY26 revenue rose 31.4% to ₹1,03,853 crore and profit 66% to ₹5,311 crore. Plus UBS's 360 ONE stake, OnEMI's ₹832 crore issue and funding rounds.


Telecom's Next Test Is Valuation
Jio Platforms plans a ₹30,213 crore IPO at a valuation above ₹10 lakh crore. What subscribers, ARPU and profits mean for telecom valuations. Plus funding rounds.


Deeptech Funding Nearly Triples in Q3 2026
India's deeptech startups raised $290 million across 28 deals in Q3 2026, 2.8x a year earlier, led by spacetech and Pixxel's $100 million round. Plus Tessolve's raise.


Premium Staples Chase Scale
Premium food brands raised ₹335 crore+ in 2026 as quick commerce drives discovery. Why repeat purchase, margins and quality at scale now decide who wins.


Banks Take a Strategic Stake in AI
Indian banks are becoming investors and co-builders with AI startups. With 890+ GenAI startups and 90% of institutions prioritising AI, what it means for founders.


India Tech Capital Surges
Indian tech companies raised $10.3 billion in 9M 2026, up 7%, while funding rounds fell 38% to 1,134. What capital concentration means for early-stage founders.


Bigger Bet on India's AI Future
Lightspeed is raising a $250 million India fund focused on early-stage AI, with 80% committed. Plus Accel and 360 ONE's BlueStone stake sale and Arivihan's Series A.
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