Avenue Supermarts' E-commerce business subsidiary--DMart Ready's revenue surged over two-fold to Rs 1,667.21 crore in FY22 in comparison to a revenue of Rs 791.29 crore in FY21. However, the company's loss widened to Rs 142.07 crore in FY22 as compared to a loss of Rs 80.62 crore in FY 2021. The Company is engaged in the business of online and multi-channel grocery retail.

Tata Power posted a 103.2% growth in its consolidated net profit to ₹794.60 crore in Q1FY23 primarily driven by higher revenues. The Tata Group Company's consolidated net profit stood at ₹391.03 crore in the year-ago quarter. Its revenue from operations surged by 43% to ₹14,495.48 crore in comparison to a revenue of ₹10,132 crore during the corresponding period last year.

Union Bank of India's standalone net profit surged by 32% to Rs 1,558.46 crore in Q1FY23 in comparison to a net profit of Rs 1,180.98 crore in Q1FY22. The robust performance was driven by a decrease in bad loans and increase in core interest income. The lender's total income during the April-June period improved to Rs 20,991.09 crore from Rs 19,913.64 in Q1FY22

Spotnana garnered $75 million in series B funding led by a growth capital investment firm, Durable Capital Partners. Existing investors including Mubadala Capital and Blank Ventures, among others, also participated in the funding round. The cloud-based travel technology startup will deploy the fresh funds to boost hiring and drive faster adoption of its travel-as-a-service platform.

🛑 Benchmark indices CLOSED on a negative note for the second successive session on July 26. 📊 At 3:30 PM, the Sensex tanked by 497.73 points or 0.89% at 55,268.49, and the Nifty was down 147.20 points or 0.89% at 16,483.80. About 1119 shares have advanced, and 2128 shares declined. 👉 Among sectoral indices, Nifty IT (🔻2.83%), Nifty Auto (🔻 1.2%) and Nifty Pharma saw considerable selling.

Add-Shop Promotions' net sales improved by 59.11% YoY to Rs 49.63 crore in June 2022 in comparison to Rs. 31.19 crore in June 2021. The company's quarterly net profit improved by 67% to Rs. 5.94 crore in June 2022 as compared to Rs. 3.56 crore in June 2021. Its EBITDA was Rs. 7.95 crore in June 2022, higher by 69.51% from Rs. 4.69 crore in June 2021.

Macrotech Developers reported its best-ever quarterly pre-sales performance, with 194% YoY growth in pre-sales and 53% yoy growth in collections in Q1FY23. The country's largest real estate developer's Pre-Sales stood at Rs2,814 crore in the quarter ended June 2022, while its collection in the mentioned quarter was Rs2,616 crore. The company's PAT also zoomed by 190% YoY to Rs 355 crore in Q1FY23.

Tata Consultancy Services (TCS) has collaborated with the Australian Energy Market Operator (AEMO) to design and implement a futuristic solution for the latter. The partnership encompasses work related to the Five-Minute Settlement (5MS) Program, developing an efficient energy market in the country with better outcomes for energy producers, distributors and consumers.

Solana currently trades at $35.83. In the last 24 hours, the coin moved 7.60% to the downside and decreased by 18.28% in the last seven days. The 9th largest cryptocurrency by market cap is in red, like the rest of the market. The 24-hour trading volume is at $1.43B, which is an 11.82% increase in the last 24 hours.

Over 1/4th of startups in the Asia Pacific region are blockchain related, according to a new survey. Big Four accountant KPMG and banking giant HSBC surveyed 6,472 Asian Pacific startups and found that over a quarter of them was related to blockchain. Asian Pacific “emerging giants” were mostly active in the Non-Fungible tokens, or NFTs sector, followed by decentralized finance(DeFi).

Synaptic announced its first employee stock ownership plan (ESOP) buyback worth $1 million for 14 out of 80 of its employee. The alternative data insights startup reoorted that employees who have been with Synaptic for over a year can only take part in the buyback scheme. Notably, Synaptic garnered $20 million as a part of its Series B funding round in May 2022.

Chinese e-commerce giant Alibaba Group has affirmed that it intends to apply for a primary listing in Hong Kong. The CEO of the company, Daniel Zhang said that 'in the hopes of fostering a wider and more diversified investor base', the company is pursuing the primary listing in Hong Kong. The company expects the listing to be completed before the end of 2022.

Chipotle Mexican Grill has announced a new cryptocurrency game that encourages fans to “Buy the Dip." Through the online game, Chipotle will give its customers the chance to win more than $200,000 in crypto. The restaurant chain is also giving away $2 million in guacamole and queso to celebrate National Avocado Day. The online game, “Buy the Dip,” runs through July 31, aka National Avocado Day.

Billionaire Mark Cuban tweeted that the SEC's upcoming measures to regulate crypto will be a nightmare for the sector. Cuban tweeted this in response to a tweet from Sen. Pat Toomey, who had slammed the SEC after it brought insider trading charges against a former Coinbase product manager. Cuban added: “Think this is bad? Wait till you see what they come up with for registration of tokens.”

Aditya Birla Group Chairman Kumar Mangalam Birla, in the most recent annual report of UltraTech Cement, affirmed that India's cement sector is set on a course to add 80-100 million tonnes (mt) of capacity by 2024-25 (FY25). This growth spurt would be fuelled by higher expenditure on housing and infrastructure.