Advertise with Googlier.com Businessfortnight https://businessfortnight.com/ All About Business & Economy Thu, 29 Oct 2026 12:31:55 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://businessfortnight.com/wp-content/uploads/2024/09/cropped-businessfortnight-logo-for-website-32x32.jpg Businessfortnight https://businessfortnight.com/ 32 32 105269396 Firstsource Solutions Q2 FY27 revenue rises 22% to ₹28,256 million https://businessfortnight.com/firstsource-solutions-q2-fy27-revenue-rises-22-to-%e2%82%b928256-million/ https://businessfortnight.com/firstsource-solutions-q2-fy27-revenue-rises-22-to-%e2%82%b928256-million/#respond Thu, 29 Oct 2026 12:31:55 +0000 https://businessfortnight.com/firstsource-solutions-q2-fy27-revenue-rises-22-to-%e2%82%b928256-million/ Mumbai, October 29, 2026: Firstsource Solutions Limited reported a 22.2% year-on-year increase in consolidated revenue to ₹28,256 million (US$296 million) for the quarter ended September 30, 2026, marking its tenth consecutive quarter of double-digit revenue growth. For the second quarter of fiscal 2027, EBIT rose 32.1% year-on-year to ₹3,521 million, representing 12.5% of revenues, while […]

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Mumbai, October 29, 2026: Firstsource Solutions Limited reported a 22.2% year-on-year increase in consolidated revenue to ₹28,256 million (US$296 million) for the quarter ended September 30, 2026, marking its tenth consecutive quarter of double-digit revenue growth.

For the second quarter of fiscal 2027, EBIT rose 32.1% year-on-year to ₹3,521 million, representing 12.5% of revenues, while profit after tax (PAT) grew 29.7% to ₹2,328 million, or 8.2% of revenue. Diluted earnings per share stood at ₹3.31 for the quarter. The company raised the lower end of its full-year constant currency revenue growth guidance to 10.5%-13% and expects its FY27 EBIT margin to be between 12.25% and 12.75%.

Half-year performance and deal wins

For the half-year ended September 30, 2026, Firstsource reported revenues of ₹55,505 million (US$584 million), up 22.5% year-on-year. EBIT for the period was ₹6,888 million, or 12.4% of revenues, an increase of 33.4%. Adjusted PAT was ₹4,551 million, with reported PAT at ₹3,987 million after accounting for exceptional charges of ₹563 million, net of tax, recognized in the first quarter. Diluted EPS for the half-year was ₹5.66.

The company signed four large deals in Q2 FY27, marking the seventh straight quarter with four or more large deal wins, including two from new clients. Seventeen new logos were added during the quarter, six of which were strategic accounts. Notable deals included expanded relationships with a UK-based mobile virtual network operator and a US non-profit managed care organization, as well as new contracts with a leading UK and European bank, a US-based student loan provider, and a US digital bank.

Verticals and workforce update

Banking and Financial Services added nine new logos in the quarter, with demand in financial crime, compliance, intelligent operations, and collections. The healthcare vertical added four new logos, while Communications, Media & Technology and Diversified Industries added two each. Firstsource’s closing headcount at the end of Q2 FY27 was 39,937, a net increase of 3,062 during the quarter. The voluntary attrition rate stood at 28.4% for employees with more than 180 days of service.

Industry recognitions

Firstsource was featured in the HFS Non-Linearity Index as a leader in the shift to Services-as-Software and was the first runner-up for Best ‘Services Eating Software’ at the inaugural Services-as-Software Awards. The company was recognized by HFS as Horizon 3 – Market Leader for CX Services 2026 and named a Leader in Generative AI and Agentic AI services in the ISG Provider Lens evaluations. It was also placed among the Top 15 Breakthrough Service & Software Provider Standouts globally in the ISG Index report, and ranked seventh among the Top 20 Best Firms for Data Scientists to Work For 2026 in India.

Additional accolades included being named among Great Place To Work’s Top 50 India’s Best Workplaces for Women 2026 for the second consecutive year, and receiving the Brandon Hall Gold Award for Best Development Program for Frontline Managers, Best Unique or Innovative L&D Program, and Best Custom Content, as well as the Silver Award for Best Employee Engagement.

Management commentary and outlook

Dr. Sanjiv Goenka, Chairman of RP-Sanjiv Goenka Group and Firstsource Solutions, said the company’s twelve consecutive quarters of sequential growth and eight consecutive quarters of margin expansion reflect the strength of its strategy. He added that Firstsource is focusing on technology-led solutions and productized capabilities to scale intelligence across complex business processes, aiming for sustained, profitable growth.

Firstsource Solutions Limited is part of the RP-Sanjiv Goenka Group and operates across the US, UK, India, Philippines, Mexico, Romania, Trinidad & Tobago, South Africa, and Australia.


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Tanaka Mirai Lab, JAF Media Works and Della launch joint research on driver fatigue detection via sweat analysis https://businessfortnight.com/tanaka-mirai-lab-jaf-media-works-and-della-launch-joint-research-on-driver-fatigue-detection-via-sweat-analysis/ https://businessfortnight.com/tanaka-mirai-lab-jaf-media-works-and-della-launch-joint-research-on-driver-fatigue-detection-via-sweat-analysis/#respond Thu, 29 Oct 2026 12:31:43 +0000 https://businessfortnight.com/tanaka-mirai-lab-jaf-media-works-and-della-launch-joint-research-on-driver-fatigue-detection-via-sweat-analysis/ TOKYO, October 29, 2026: Tanaka Mirai Lab, part of Tanaka Precious Metal Group Co., Ltd., has initiated a joint research project with JAF Media Works Co., Ltd. and Della Inc. to visualize drivers’ conditions, such as fatigue and stress, through multivariate analysis of sweat components and related data. The study aims to address growing concerns […]

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TOKYO, October 29, 2026: Tanaka Mirai Lab, part of Tanaka Precious Metal Group Co., Ltd., has initiated a joint research project with JAF Media Works Co., Ltd. and Della Inc. to visualize drivers’ conditions, such as fatigue and stress, through multivariate analysis of sweat components and related data.

The study aims to address growing concerns in the transportation sector over driver health and safety, particularly amid driver shortages and an aging workforce. By analyzing sweat and saliva samples, as well as questionnaire responses before and after driving and after listening to healing music, the project seeks to identify objective indicators of fatigue, stress, and other conditions that currently rely on drivers’ self-assessment.

Research methodology and data collection

Sweat and saliva samples are being collected from drivers engaged in JAF Media Works’ vehicle towing operations, both before and after driving and after exposure to healing music provided by Della. The samples are gathered using a noninvasive extraction method. Inorganic components will be analyzed using inductively coupled plasma (ICP) analysis, while organic components will be examined through nuclear magnetic resonance (NMR) spectroscopy, led by Tanaka Mirai Lab. Questionnaire surveys to assess stress and perceived fatigue are conducted alongside sample collection.

Focus on biosensing and multivariate analysis

The research is positioned within biosensing, aiming to explore biological signals that reflect changes in a person’s condition. Unlike conventional approaches that measure single components, this study uses multivariate analysis to capture patterns of change across multiple organic and inorganic sweat components. The project also examines the effects of healing music on relaxation and stress relief, leveraging Della’s expertise in sound wellness.

Roles of participating companies

Tanaka Mirai Lab is responsible for establishing the research framework and conducting component analyses, with a view toward future sensor applications. JAF Media Works manages sample collection and questionnaires in real-world driving environments. Della provides healing music and incorporates research findings from psychological and medical perspectives.

Ethics and data management

The study has received approval from the Research Ethics Committee for Research Involving Human Subjects, Public Health Research Foundation. An anonymized data management system ensures personal information is kept separate from analysis data.

Comments from company representatives

Masahiro Ito, Chief Researcher at Tanaka Mirai Lab, said the collaboration brings together three companies from different industries to explore new ways of representing the human condition. Toshihiro Toritsuka, Director at JAF Media Works, noted that objective assessments of fatigue and stress could help reduce the risk of traffic accidents by discouraging drivers from exceeding their limits. Kunihito Ikeda, Chief Director of Sound Wellness Lab at Della, highlighted the significance of applying sound science to mobility-related stress and fatigue.

Company background

Tanaka Precious Metal Group, headquartered in Chuo-ku, Tokyo, reported consolidated net sales of 1,097,813 million yen for the fiscal year ended December 2025 and employs 5,778 people. JAF Media Works, based in Minato-ku, Tokyo, is part of the Japan Automobile Federation and operates media businesses for automobile users. Della Inc., headquartered in Setagaya-ku, Tokyo, specializes in healing music and music therapy for mental and physical well-being.


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Greenply Industries Q2 FY27 revenue rises 16.1% to ₹799.7 crore https://businessfortnight.com/greenply-industries-q2-fy27-revenue-rises-16-1-to-%e2%82%b9799-7-crore/ https://businessfortnight.com/greenply-industries-q2-fy27-revenue-rises-16-1-to-%e2%82%b9799-7-crore/#respond Thu, 29 Oct 2026 12:31:14 +0000 https://businessfortnight.com/greenply-industries-q2-fy27-revenue-rises-16-1-to-%e2%82%b9799-7-crore/ Kolkata, October 29, 2026: Greenply Industries Limited reported a 16.1% year-on-year increase in consolidated revenue to ₹799.7 crore for the second quarter of FY27, according to the company’s latest financial results. Consolidated core EBITDA for the quarter rose 57.2% year-on-year to ₹89.2 crore, with the margin improving to 11.2%. For the first half of FY27, […]

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Kolkata, October 29, 2026: Greenply Industries Limited reported a 16.1% year-on-year increase in consolidated revenue to ₹799.7 crore for the second quarter of FY27, according to the company’s latest financial results.

Consolidated core EBITDA for the quarter rose 57.2% year-on-year to ₹89.2 crore, with the margin improving to 11.2%. For the first half of FY27, consolidated revenue reached ₹1,524.6 crore, marking an 18.2% year-on-year growth, while net profit stood at ₹80.3 crore.

Plywood and MDF business performance

Revenue from the plywood business grew 15.5% year-on-year to ₹625.7 crore in Q2 FY27. The segment’s core EBITDA margin improved by 180 basis points to 10.05%. The MDF business posted revenue of ₹173.9 crore, up 18.4% year-on-year, with a core EBITDA margin of 15.2%.

Agroforestry initiative and carbon credits

Greenply Industries highlighted its agroforestry initiative across Gujarat and Nagaland, which has received 2,56,688 carbon credits and benefited more than 505 local farmers, the company said.


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Sunil Bharti Mittal awarded France’s Legion of Honour for India–France business ties https://businessfortnight.com/sunil-bharti-mittal-awarded-frances-legion-of-honour-for-india-france-business-ties/ https://businessfortnight.com/sunil-bharti-mittal-awarded-frances-legion-of-honour-for-india-france-business-ties/#respond Thu, 29 Oct 2026 12:31:08 +0000 https://businessfortnight.com/sunil-bharti-mittal-awarded-frances-legion-of-honour-for-india-france-business-ties/ New Delhi, October 29, 2026: Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, has been conferred the insignia of Chevalier de l’Ordre national de la Légion d’honneur (Knight of the National Order of the Legion of Honour) by H.E. Thierry Mathou, Ambassador of France to India, at a ceremony held at the Residence of […]

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New Delhi, October 29, 2026: Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, has been conferred the insignia of Chevalier de l’Ordre national de la Légion d’honneur (Knight of the National Order of the Legion of Honour) by H.E. Thierry Mathou, Ambassador of France to India, at a ceremony held at the Residence of France on October 28, 2026.

The Légion d’honneur, established in 1802 by Emperor Napoléon Bonaparte, is the highest civilian distinction awarded by the French Republic. Mittal received the honour in recognition of his longstanding commitment to strengthening India–France economic relations and his achievements in telecommunications, digital infrastructure, and satellite communications.

Recognition for business partnerships

Ambassador Thierry Mathou highlighted Mittal’s role in promoting Indo-French economic ties, citing his associations with French companies such as AXA and Alcatel-Lucent, and his investment in French satellite firm Eutelsat. Mathou noted that the decoration reflected France’s gratitude for Mittal’s commitment to deepening business relations and strategic engagement through partnerships, diplomatic dialogues, and investments in the satellite sector.

Mittal, who is Vice-Chairman of Eutelsat, has played a key role in fostering cooperation between India and France in space and digital technology under the India-France Special Global Strategic Partnership framework.

Mittal’s career and affiliations

Sunil Bharti Mittal founded Bharti Enterprises in 1976, building a portfolio spanning telecom, space communications, digital infrastructure, financial services, real estate, and hospitality. Bharti Airtel, the group’s flagship, operates in 17 countries across India, South Asia, and Africa, serving over 650 million customers and ranking as the world’s second-largest mobile operator by customer base. Mittal is also a Director on the Board of BT Group Plc and Bharti is the largest private shareholder in both Eutelsat and BT Group.

He has been a consistent supporter of expanding Bharti’s presence in France and deepening partnerships with French firms, and is set to attend the 2026 Choose France Summit for the fourth time.

Previous honours and contributions

Mittal has previously received the Padma Bhushan and was conferred the Knight Commander of the Most Excellent Order of the British Empire (KBE), becoming the first Indian citizen to receive the KBE from HM King Charles III. He has also been recognised with the GSMA’s Lifetime Achievement Award and has held leadership roles in the GSMA, International Chamber of Commerce, Confederation of Indian Industry, and the Carnegie Endowment for International Peace. His current affiliations include positions with the AI for Good Global Commission at ITU, WEF’s International Business Council, World Bank Group’s Private Sector Investment Lab, Hakluyt’s International Advisory Board, and the Global Board of Advisors at CFR.

Mittal’s academic engagements include advisory roles at Harvard, Cambridge, London Business School, LSE, ISB, Plaksha University, IIT Delhi, IIM Ahmedabad and Lucknow, and SOUL. He established the Bharti Airtel Foundation in 2000 to promote equitable access to education through Satya Bharti Schools, government partnerships, teacher development, and scholarships across India and Africa.

Statements from the ceremony

“The conferring of the Chevalier de l’Ordre national de la Légion d’honneur on Mr Sunil Bharti Mittal comes in recognition of his outstanding contribution in promoting Indo-French economic ties,” said Ambassador Thierry Mathou at the ceremony. Mittal, accepting the honour, said, “I am moved and humbled by this gracious award from the President of the French Republic… I accept this honour with gratitude to President Macron and with a renewed commitment to further deepen the economic ties between India and France.”


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Trent reports 23% revenue growth and 37% operating profit rise in Q2 FY27 https://businessfortnight.com/trent-reports-23-revenue-growth-and-37-operating-profit-rise-in-q2-fy27/ https://businessfortnight.com/trent-reports-23-revenue-growth-and-37-operating-profit-rise-in-q2-fy27/#respond Thu, 29 Oct 2026 12:30:48 +0000 https://businessfortnight.com/trent-reports-23-revenue-growth-and-37-operating-profit-rise-in-q2-fy27/ Mumbai, October 29, 2026: Trent Limited reported a 23% year-on-year increase in standalone revenue from operations to Rs 5,788 crore for the quarter ended September 30, 2026, with operating EBITDA rising 37% to Rs 791 crore. For the half-year ended September 2026, standalone revenue reached Rs 11,454 crore, up 21%, and operating EBITDA stood at […]

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Mumbai, October 29, 2026: Trent Limited reported a 23% year-on-year increase in standalone revenue from operations to Rs 5,788 crore for the quarter ended September 30, 2026, with operating EBITDA rising 37% to Rs 791 crore. For the half-year ended September 2026, standalone revenue reached Rs 11,454 crore, up 21%, and operating EBITDA stood at Rs 1,638 crore, also up 37%.

The company’s standalone profit after tax (PAT) for Q2 FY27 was Rs 490 crore, a 9% increase, while H1 FY27 PAT rose 17% to Rs 1,021 crore. Revenue from sale of merchandise, excluding other operating income, grew by 23% in the quarter and 21% in the half-year. The operating EBIT margin for Q2 FY27 improved to 11.6% from 10.5% a year earlier.

Store expansion and portfolio update

During the quarter, Trent opened its 1,000th Zudio store and now operates over 1,300 large-box fashion stores across 339 cities, including three in the UAE. In Q2 FY27, the company added 10 Westside and 19 Zudio stores, while consolidating two Zudio outlets. As of September 30, 2026, Trent’s portfolio included 311 Westside stores, 999 Zudio stores (seven in the UAE), and 32 stores under other lifestyle concepts, with a total retail footprint exceeding 18.5 million square feet.

Emerging categories such as beauty and personal care, innerwear, and footwear contributed over 21% of revenues. Online revenues for Westside, including sales via the Tata Neu platform, grew by 20% in H1 FY27 and accounted for more than 6% of Westside’s total revenue.

Consolidated results and Star business performance

On a consolidated basis, Trent posted Q2 FY27 revenue from operations of Rs 5,873 crore, up 22% year-on-year, and H1 FY27 revenue of Rs 11,628 crore, up 20%. Consolidated operating EBITDA increased 37% to Rs 785 crore for the quarter and 35% to Rs 1,633 crore for the half-year. PAT rose 25% to Rs 468 crore in Q2 and 24% to Rs 986 crore in H1.

The consolidated results do not include revenues from the Trent Hypermarket business, but do reflect the proportionate share of its profitability under the equity method. Star, Trent’s food and grocery business, recorded revenue growth of over 20% in the quarter, with own brands now contributing more than 74% of Star’s revenues. The Star store network expanded to 87 outlets across 13 cities after the addition of one new store during the quarter.

Chairman Noel N Tata’s remarks

Noel N Tata, Chairman of Trent Limited, noted the company’s strong performance and expanding presence in Tier 2 and Tier 3 markets. He highlighted the robust consumer sentiment and the company’s strategy to invest further in hinterland markets. Tata also commented on the Star business, stating that the model is differentiated and that recent performance reinforces confidence in its growth potential. As he concludes his tenure as chairman, Tata expressed optimism about Trent’s continued expansion across lifestyle segments and its ambitions in the food and grocery sector and exports.

About Trent Limited

Trent Limited, part of the Tata Group, operates retail concepts including Westside, Zudio, and Star. The company has a significant presence in fashion, food, grocery, and daily needs retail, with Westside and Zudio stores across India and the UAE, and Star supermarkets in 13 Indian cities.


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Lee Kuan Yew Global Business Plan Competition opens applications for deep-tech urban solutions https://businessfortnight.com/lee-kuan-yew-global-business-plan-competition-opens-applications-for-deep-tech-urban-solutions/ https://businessfortnight.com/lee-kuan-yew-global-business-plan-competition-opens-applications-for-deep-tech-urban-solutions/#respond Thu, 29 Oct 2026 12:30:35 +0000 https://businessfortnight.com/lee-kuan-yew-global-business-plan-competition-opens-applications-for-deep-tech-urban-solutions/ India, October 29, 2026: The 13th Lee Kuan Yew Global Business Plan Competition (LKYGBPC) has begun accepting applications from university founders and recent graduates developing deep-tech solutions for urban and sustainability challenges, organisers announced on Thursday. The competition, organised by Singapore Management University’s Institute of Innovation & Entrepreneurship (SMU IIE), will see 50 finalists flown […]

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India, October 29, 2026: The 13th Lee Kuan Yew Global Business Plan Competition (LKYGBPC) has begun accepting applications from university founders and recent graduates developing deep-tech solutions for urban and sustainability challenges, organisers announced on Thursday. The competition, organised by Singapore Management University’s Institute of Innovation & Entrepreneurship (SMU IIE), will see 50 finalists flown to Singapore from September 28 to October 1, 2027, to compete for over S$2.5 million (US$2 million) in prizes and participate in an Innovation Festival.

LKYGBPC, established in 2002, is regarded as one of Asia’s most globally representative deep-tech start-up competitions, with 12 focus areas including climate tech, energy, food and land use, urban mobility, longevity and healthtech, and sustainable materials and circularity. The event is open to start-ups with at least one founder currently enrolled in a university programme or who graduated within the past five years.

Finalists gain access to accelerator and funding

Selected finalists will have the opportunity to join SMU’s Urban SustaInnovator (USI) accelerator, launched in 2025, which supports start-ups through market access, pilot projects, and strategic introductions across Asia. In May 2026, SMU IIE introduced the USI Fund, a US$10 million fund to back promising ventures as they pilot and scale their solutions.

Rony Palathinkal, Head of the LKYGBPC and Urban SustaInnovator at SMU IIE, said the competition and subsequent accelerator programme are designed to help founders connect with partners, markets, and opportunities needed to bring their innovations to real-world deployment. “Now, through the USI programme and USI Fund, we offer a post-competition pathway to pilot, scale, and raise capital throughout Asia,” Palathinkal said.

SMU’s regional network supports start-ups

SMU leverages its network of Overseas Centres in Bangkok, Jakarta, Ho Chi Minh City and Shenzhen, as well as International Advisory Councils in eight countries, to help start-ups access partners and scale across borders. Professor Sun Sun Lim, SMU’s Vice President of Partnerships and Engagement and Lee Kong Chian Professor of Communication & Technology, said the university’s network enables connections with industry, government, and community partners across Asia.

Singapore-based Standard Physics (formerly Inviscid AI), founded by Qiu Ziming and Kabir Jain, was a finalist in the 12th LKYGBPC, later joining Y Combinator’s Winter 2026 cohort and SMU’s inaugural USI accelerator. The start-up, which uses physics-informed AI and IoT-powered digital twins to optimise energy efficiency in buildings and data centres, secured a pilot with The GEAR by Kajima and is in talks for three more opportunities. It has raised US$2.3 million in seed funding led by Square Peg Capital and is preparing to launch an AI-powered agentic engineering platform.

Competition scale and impact

The 12th edition of LKYGBPC in October 2025 attracted over 1,500 entries from founders representing 1,200 universities across 91 countries. Finalists from the 9th to 12th editions have collectively raised over S$1 billion. Shirley Wong, Entrepreneur-in-Residence at SMU IIE, Chairperson of the 13th LKYGBPC Advisory Committee, and Managing Partner of TNF Ventures, said the competition brings together founders globally and connects them with Singapore’s ecosystem of industry, investors, and institutions to accelerate solutions with regional and global impact.

Singapore’s government is supporting the country’s ambition to become a global sustainability innovation hub through initiatives such as the S$37 billion RIE 2030 plan, which includes S$10.8 billion for mission-oriented research, and a S$40 million USS Translation Fund to support the development and commercialisation of urban and sustainability solutions.

Applications for the 13th LKYGBPC close on March 31, 2027.


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Scapia launches Villas & Homes with over 2 lakh alternative stays https://businessfortnight.com/scapia-launches-villas-homes-with-over-2-lakh-alternative-stays/ https://businessfortnight.com/scapia-launches-villas-homes-with-over-2-lakh-alternative-stays/#respond Thu, 29 Oct 2026 11:31:23 +0000 https://businessfortnight.com/scapia-launches-villas-homes-with-over-2-lakh-alternative-stays/ Bengaluru, October 29, 2026: Scapia has announced the launch of Scapia Villas & Homes, adding over 2 lakh villas, homestays, apartments, and cottages to its travel platform for Indian and international destinations. The new offering is available directly through the Scapia app. The expansion comes as Indian travellers increasingly seek spacious and flexible accommodation options […]

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Bengaluru, October 29, 2026: Scapia has announced the launch of Scapia Villas & Homes, adding over 2 lakh villas, homestays, apartments, and cottages to its travel platform for Indian and international destinations. The new offering is available directly through the Scapia app.

The expansion comes as Indian travellers increasingly seek spacious and flexible accommodation options for family, group, and solo trips. Scapia Villas & Homes includes properties in domestic locations such as Goa, Udaipur, Ooty, and Coorg, as well as international destinations including Dubai, Bangkok, Hanoi, and Krabi.

Customer support and booking guarantees

Scapia has introduced Scapia Assist, a dedicated support feature providing personalised assistance before and during bookings, including host coordination and handling special requests. The company also launched The Scapia Promise, which guarantees stay accuracy and aims to resolve customer queries within one hour. Eligible customers may receive compensation of up to 150% of the booking value if issues arise during their stay.

Travel rewards for credit cardholders

Eligible co-branded credit cardholders can earn 20% back as Scapia Coins on bookings made through the platform, and can also redeem existing coins for stays. The company said these features are designed to deliver value and reliability for travellers booking alternative accommodations.

Scapia operates as a travel-first fintech platform in India, offering a range of travel and financial services through its app.


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Himalayan Siddhaa Akshar pays tribute to Puneeth Rajkumar on fifth death anniversary https://businessfortnight.com/himalayan-siddhaa-akshar-pays-tribute-to-puneeth-rajkumar-on-fifth-death-anniversary/ https://businessfortnight.com/himalayan-siddhaa-akshar-pays-tribute-to-puneeth-rajkumar-on-fifth-death-anniversary/#respond Thu, 29 Oct 2026 11:31:16 +0000 https://businessfortnight.com/himalayan-siddhaa-akshar-pays-tribute-to-puneeth-rajkumar-on-fifth-death-anniversary/ Bengaluru, October 29, 2026: Himalayan Siddhaa Akshar marked the fifth death anniversary of Kannada actor Puneeth Rajkumar by recalling their close association and shared experiences through Yoga training. Akshar remembered the late superstar, known as Appu, for his discipline, humility and commitment to learning beyond his film career. Puneeth Rajkumar, who passed away on October […]

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Bengaluru, October 29, 2026: Himalayan Siddhaa Akshar marked the fifth death anniversary of Kannada actor Puneeth Rajkumar by recalling their close association and shared experiences through Yoga training. Akshar remembered the late superstar, known as Appu, for his discipline, humility and commitment to learning beyond his film career.

Puneeth Rajkumar, who passed away on October 29, 2021, at the age of 46, was one of Kannada cinema’s most celebrated actors and was widely respected for his philanthropic work and approachable nature. Akshar shared personal anecdotes highlighting the actor’s dedication to Yoga, even amid a demanding professional schedule.

Years of Yoga training together

According to Himalayan Siddhaa Akshar, the two trained together for several years before the pandemic, with sessions that included Yoga, Pranayama and meditation. Despite Puneeth Rajkumar’s busy shooting commitments, he remained deeply involved in his practice and often communicated with Akshar to make up for missed sessions.

Personal memories and shared values

Akshar noted that their association evolved into a close friendship, built on mutual respect and shared experiences. He recalled that on days when physical training was not possible, they would focus on Pranayama and meditation to adapt to Puneeth’s schedule. “Appu was a wonderful human being and a very sincere learner. Despite being one of the biggest stars in Karnataka, he was always humble, attentive and respectful during our training sessions,” Akshar said.

Legacy of Puneeth Rajkumar

Reflecting on Puneeth Rajkumar’s legacy, Akshar said the actor’s warmth, humility and enthusiasm left a lasting impression. “He was the pride of Karnataka and the pride of India. Even today, whenever I remember those days, his smile, enthusiasm and humility are what come to mind. Those memories will always remain close to my heart,” Akshar added.

Five years after his passing, Puneeth Rajkumar continues to inspire admirers across Karnataka and beyond, both for his cinematic achievements and his personal qualities.


Disclaimer: This article is based on a press release provided by the concerned organisation and has been edited for style and clarity with the assistance of AI tools. BusinessFortnight does not verify, endorse, or take responsibility for the claims, figures, or statements made in the original release.

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ESAF Small Finance Bank posts record ₹160 crore profit in Q2 FY27 https://businessfortnight.com/esaf-small-finance-bank-posts-record-%e2%82%b9160-crore-profit-in-q2-fy27/ https://businessfortnight.com/esaf-small-finance-bank-posts-record-%e2%82%b9160-crore-profit-in-q2-fy27/#respond Thu, 29 Oct 2026 11:30:59 +0000 https://businessfortnight.com/esaf-small-finance-bank-posts-record-%e2%82%b9160-crore-profit-in-q2-fy27/ Kochi, October 29, 2026: ESAF Small Finance Bank reported its highest-ever quarterly profit after tax (PAT) of ₹160 crore for the second quarter of FY27, more than doubling sequentially, as the bank saw robust growth in advances and deposits alongside improved asset quality. The bank’s gross advances rose 25% year-on-year to ₹23,934 crore, while deposits […]

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Kochi, October 29, 2026: ESAF Small Finance Bank reported its highest-ever quarterly profit after tax (PAT) of ₹160 crore for the second quarter of FY27, more than doubling sequentially, as the bank saw robust growth in advances and deposits alongside improved asset quality.

The bank’s gross advances rose 25% year-on-year to ₹23,934 crore, while deposits increased 24% to ₹28,466 crore. Retail deposits crossed ₹25,000 crore, reaching ₹25,475 crore. Asset quality improved with net non-performing assets (NNPA) declining to 0.3% and the provision coverage ratio rising to 94%.

Strong growth in advances and deposits

Secured advances grew 32% year-on-year to ₹15,377 crore, now constituting 64% of the total portfolio. The gold loan portfolio surpassed ₹10,000 crore, reaching ₹10,456 crore, up 39% from the previous year and accounting for approximately 44% of total advances. The bank’s strategic MARG portfolio recorded 38% year-on-year growth, while the Emerging Household (EH) portfolio surged 134% year-on-year, reflecting ESAF’s focus on expanding relationships with graduating micro-finance customers.

On the deposit side, CASA balances stood at ₹6,645 crore, up 10% year-on-year, with the CASA ratio stable at 23.3%. The cost of funds declined to 7.2% from 7.4% a year earlier, and the credit-to-deposit ratio was 82%.

Asset quality and profitability improve

Gross NPA and NNPA improved to 2.8% and 0.3% respectively as of September 30, 2026, compared to 8.5% and 3.8% a year earlier. The provision coverage ratio increased to 94% from 74.4%. Slippages for the quarter were 75% lower than in Q2 FY26. Interest income for the quarter was ₹1,175 crore, up 43% year-on-year, and net interest margin improved from 5.9% to 8.2%. Pre-provision operating profit (PPOP) stood at ₹362 crore, nearly tripling year-on-year. The bank reported a return on assets (RoA) of 1.5% and return on equity (RoE) of 26.5% for Q2 FY27.

Capital, liquidity and ratings

ESAF Small Finance Bank’s capital adequacy ratio (CRAR) was 24.1%, with net worth at ₹2,027 crore. The liquidity coverage ratio (LCR) as of September 30, 2026, was 141.5%. Brickwork Ratings upgraded the rating of the bank’s Tier II Bonds to “BWR A-/Stable” from “BWR BBB+/Stable”, while CARE Ratings revised its long-term rating outlook to “CARE A-/Stable” from “CARE A-/Negative”.

Management commentary on transformation

Managing Director and CEO Dr. K. Paul Thomas said the quarter marked a significant milestone in the bank’s transformation, citing record profitability, strong business growth, and improved asset quality. He highlighted the successful implementation of ESAF 2.0 – StratoNeXt, the bank’s technology transformation programme, as a key achievement, and reaffirmed the bank’s commitment to strengthening its core MARG portfolio, deepening financial inclusion, and advancing its phygital strategy.


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COSCO SHIPPING Ports Q3 profit rises 0.1% to US$82.6 million, throughput up 8.4% https://businessfortnight.com/cosco-shipping-ports-q3-profit-rises-0-1-to-us82-6-million-throughput-up-8-4/ https://businessfortnight.com/cosco-shipping-ports-q3-profit-rises-0-1-to-us82-6-million-throughput-up-8-4/#respond Thu, 29 Oct 2026 11:30:34 +0000 https://businessfortnight.com/cosco-shipping-ports-q3-profit-rises-0-1-to-us82-6-million-throughput-up-8-4/ Hong Kong, October 29, 2026: COSCO SHIPPING Ports Limited reported a 0.1% year-on-year increase in profit attributable to equity holders to US$82.59 million for the third quarter ended September 30, 2026, with total throughput rising 8.4% to 42,266,553 TEU. The company’s revenue for the quarter climbed 13.0% year-on-year to US$484.33 million, while equity throughput increased […]

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Hong Kong, October 29, 2026: COSCO SHIPPING Ports Limited reported a 0.1% year-on-year increase in profit attributable to equity holders to US$82.59 million for the third quarter ended September 30, 2026, with total throughput rising 8.4% to 42,266,553 TEU.

The company’s revenue for the quarter climbed 13.0% year-on-year to US$484.33 million, while equity throughput increased 8.1% to 12,884,563 TEU. Gross profit for the quarter grew 19.3% to US$128.1 million. For the first nine months of 2026, revenue reached US$1,389.67 million, up 12.6% year-on-year, with profit attributable to equity holders rising 19.7% to US$316.26 million and gross profit also up 12.6% to US$367.6 million.

Regional throughput performance

Terminals in China accounted for 73.2% of the group’s total throughput in the third quarter, with volumes up 4.9% year-on-year to 30,944,536 TEU. Bohai Rim region throughput grew 4.3% to 14,119,086 TEU, driven by a 6.7% increase at Dalian Container Terminal Co., Ltd. to 1,460,461 TEU, attributed to rising exports of high-tech products.

The Yangtze River Delta region saw a slight decline in total throughput, down 0.3% to 4,337,745 TEU, though equity throughput rose 1.6% to 1,267,657 TEU. CSP Wuhan Terminal posted a 17.0% increase in throughput to 87,112 TEU. Southeast Coast and Others region throughput increased 7.6% to 1,514,882 TEU, with Xiamen Ocean Gate Container Terminal Co., Ltd. achieving a 7.8% rise to 753,836 TEU after launching new foreign trade routes.

Pearl River Delta and overseas growth

Total throughput in the Pearl River Delta region rose 7.6% to 8,300,352 TEU, with Guangzhou South China Oceangate Container Terminal Company Limited reporting a 13.6% increase to 1,670,028 TEU, supported by growth in intra-Asia and Africa-bound routes. The Southwest Coast region saw throughput up 7.3% to 2,672,471 TEU, as Beibu Gulf Port Co., Ltd. accelerated development of its gateway and hub ports.

Overseas terminals recorded a 19.4% year-on-year increase in throughput to 11,322,017 TEU, accounting for 26.8% of the group’s total. Piraeus Container Terminal Single Member S.A. reported an 11.4% increase to 1,090,284 TEU, while COSCO SHIPPING Ports Chancay PERU S.A. achieved a 24.9% rise to 139,669 TEU after completing its “three mainlines and five feeders” route layout.

Sector outlook and company strategy

COSCO SHIPPING Ports said it continues to strengthen its global network and operational resilience amid ongoing geopolitical tensions and supply chain pressures. The company noted that both the International Monetary Fund and World Trade Organization have revised up their forecasts for global economic and goods trade growth, with China’s total goods imports and exports rising 18.8% year-on-year to RMB39.94 trillion in the first three quarters of 2026, according to the General Administration of Customs of China.

Looking ahead, the company plans to optimise its global resource layout, deepen operational synergies, and accelerate innovation in digital intelligence and green, low-carbon initiatives. COSCO SHIPPING Ports said it will focus on expanding in emerging markets, strengthening hub port capabilities, and advancing automation and clean energy adoption at its terminals.

Company background

As of September 30, 2026, COSCO SHIPPING Ports operated and managed 395 berths at 40 ports worldwide, including 245 container berths. The company’s portfolio spans China, Europe, the Mediterranean, the Middle East, Southeast Asia, South America, and Africa.


Disclaimer: This article is based on a press release provided by the concerned organisation and has been edited for style and clarity with the assistance of AI tools. BusinessFortnight does not verify, endorse, or take responsibility for the claims, figures, or statements made in the original release.

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