Business

Jio Financial Services reported Q4 FY26 net profit of ₹272 crore, down 14% year-on-year, despite revenue surging to ₹1,018.51 crore from ₹493.24 crore the prior quarter. The profit decline amid strong revenue growth points to rising costs as the company expands its financial services operations. The board declared a

Jio Financial Services reported Q4 FY26 net profit of ₹272.2 Cr, down 14% year-on-year despite operating revenue surging 107% YoY to ₹1,018.5 Cr. Total expenses spiked 327% YoY to ₹720 Cr, compressing margins even as top-line scale accelerated. Sequential PAT rose marginally by 1%, indicating some stabilization at the

Pernod Ricard India grew revenue 11% in the March quarter, supported by a premiumisation push across brands including Absolut, Chivas Regal, and Glenlivet. India is the French group's largest market by volume and second-largest by value, making the subsidiary a key earnings lever. State-level excise policy remains a

Flipkart plans to launch a ticketing vertical for movies and live events as early as May, targeting BookMyShow and Eternal's District. The move is part of a broader diversification strategy ahead of a domestic IPO targeted within 12 to 18 months, supported by a planned $2 billion to $2.5 billion pre-IPO fundraise.

Zee Studios will distribute T-Series' Pati Patni Aur Woh Do, starring Ayushmann Khurrana, for a May 15 theatrical release, only the second such cross-company distribution deal between the two, after Jhund in 2022. The rare arrangement signals flexible deal-making in Bollywood's distribution landscape. A teaser is

China's State Administration for Market Regulation fined food delivery platforms 4.87 billion yuan ($671 million) for recording fictitious 'ghost' deliveries that were never fulfilled. Legal representatives of the companies face an additional 19.7 million yuan in personal fines, marking an escalation to individual

Roche is launching a new Phase III placebo-controlled trial for DMD gene therapy Elevidys after the EMA rejected the treatment last year following two patient deaths. The 72-plus-week study of roughly 100 boys is designed to meet the EMA's data requirements for a regulatory re-submission. A successful outcome would

Flipkart is targeting a May launch into India's movie and concert ticketing market, competing directly with BookMyShow and Zomato's District. The entry, alongside a food delivery pilot, reflects a strategy to build high-frequency consumer touchpoints beyond core e-commerce. Both verticals carry low margins but are

NBCC sold 14 lakh square feet of commercial space at Bharat Business Park, South Delhi for Rs 5,779 crore via e-auction. The proceeds will fund redevelopment of residential colonies in the area, with NBCC earning a one percent marketing fee.

India has authorised 15 banks, including State Bank of India, HDFC Bank, and Bank of India, to import gold and silver through March 2029. The multi-year window provides supply chain certainty for the bullion market while keeping import flows within a regulated, monitored channel.

The Duffer Brothers launched their exclusive four-year deal with Paramount in April, appearing in a star-studded studio legacy video alongside Tom Cruise and Timothée Chalamet. The agreement covers features, television, and streaming, pulling the Stranger Things creators fully away from Netflix after a decade.

Peninsula Land has launched its first plotted development project in Alibaug, targeting HNIs from Mumbai and property investors from India and overseas. Plotted formats offer developers higher margins by eliminating construction risk, making the move a strategic portfolio diversification. Project pricing and absorption

Saudi Arabia's Public Investment Fund has sold a 70% majority stake in Al Hilal to Kingdom Holding Company, transferring control of the top Saudi Pro League club to a private holding vehicle. The deal signals a shift away from direct sovereign ownership of sports assets toward a more distributed equity model.

Jardine Matheson and CK Hutchison are pursuing a merger of their Hong Kong supermarket businesses, Wellcome and PARKnSHOP, per the Financial Times. A combined entity would dominate Hong Kong's formal grocery market, raising likely competition review questions. No deal structure or timeline has been disclosed.

SM Entertainment, YG Entertainment, JYP Entertainment, and Hybe are jointly developing a global music festival aimed at rivaling Coachella, with a December 2027 launch targeted. A coordinated venture among all four major K-pop agencies would create a significant new live entertainment property with global licensing and

Snap announced a 16% workforce reduction as the company pursues a path to profitability amid sustained losses and a competitive digital advertising market. The cuts signal a structural cost-reduction effort rather than a temporary adjustment, with pressure mounting from larger rivals commanding advertiser budgets.

SpaceX's financials identify Starlink as the central driver of the company's revenue surge, shifting the valuation narrative from launch contracts to subscription-based satellite internet. The recurring revenue model offers cash flow stability that offsets the lumpy economics of government and commercial launch deals.

NiSource signed a long-term power agreement with Alphabet and expanded its existing deal with Amazon, deepening its role as a power supplier to major hyperscale operators. The agreements provide NiSource with contracted revenue and signal continued utility infrastructure demand driven by AI and data center expansion.

Netflix cofounder Reed Hastings is stepping down as the company loses its Warner Bros content deal, triggering an 8 percent stock decline. The dual shock raises questions about content strategy and leadership continuity as streaming competition intensifies.

Reed Hastings is departing Netflix, the streaming company he co-founded 29 years ago, relinquishing his chairman role. The exit closes a founding-era chapter at one of media's most disruptive companies, raising questions about long-term strategic direction and board continuity.