Groww posted Rs 686 crore in net profit for Q4 FY26, more than doubling its bottom line year-on-year, while revenue from operations surged 88% to Rs 1,505 crore from Rs 801 crore in Q4 FY25. The figures were sourced from financial statements filed with NSE. The Bengaluru-based digital investment platform has rapidly scaled retail participation in equities, mutual funds, and derivatives, with transaction-linked revenue directly exposed to trading volumes and market activity levels. The 88% revenue growth rate signals that platform monetization is outpacing user growth alone, suggesting either higher average revenue per user or a shift toward higher-fee product categories. Investors and analysts tracking India's fintech and broking sector will focus on margin trajectory and whether the profit expansion is sustainable given regulatory scrutiny of derivatives trading volumes, which has been a key revenue driver across discount brokers. Full annual figures and cost structure details are expected as additional disclosures emerge.
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
