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DMart Operator Avenue Supermarts Reports Strong 15.5% Revenue Growth in Q2 FY26

Avenue Supermarts Ltd., which operates the DMart retail chain, announced a solid performance for the second quarter of fiscal year 2026 on October 13t

Avenue Supermarts Ltd., which operates the DMart retail chain, announced a solid performance for the second quarter of fiscal year 2026 on October 13th. The company reported a 15.5% yearonyear increase in consolidated revenue, reaching ₹16,676 crore, driven by robust festive demand and store expansion. Consolidated net profit, however, saw a more modest rise of nearly 4% to ₹685 crore, with a slight pressure on margins. The company’s SameStore Sales Growth SSSG improved to 6.8% from the previous year, underscoring its continued success in the competitive valueretailing segment. This consistent growth trajectory validates DMarts strategy of focusing on lowcost operations and expanding its footprint across India. Read More..

B2B Tech News | 18 days ago         

Tata Capital Makes Tepid Stock Market Debut Despite Analysts LongTerm Buy Recommendations

Tata Capital experienced a subdued listing on Monday, October 13th, making a flat debut at only a 1.2% premium over its IPO price of ₹326 per share.

Tata Capital experienced a subdued listing on Monday, October 13th, making a flat debut at only a 1.2% premium over its IPO price of ₹326 per share. Despite the tepid start for what was India’s largest IPO of 2025, analysts from two domestic brokerages immediately issued Buy ratings, setting a target price of ₹360. Experts cited the company’s strong financial outlook, including projected ~34% CAGR in PAT over FY2527, and the backing of the reputable Tata Group as key reasons for longterm growth potential. The initial market response indicates that fair valuation at the time of listing left minimal room for immediate gains, but its strong fundamentals support a positive longterm outlook. Read More..

B2B Tech News | 18 days ago         

India and UK Launch New Connectivity and Innovation Centre for Digital Technology Cooperation

India and the United Kingdom announced the establishment of the IndiaUK Connectivity and Innovation Centre on Friday, October 10th. This strategic ini

India and the United Kingdom announced the establishment of the IndiaUK Connectivity and Innovation Centre on Friday, October 10th. This strategic initiative is designed to strengthen bilateral cooperation in nextgeneration digital technologies, telecommunications, and secure communications. The Centre will focus on joint research, talent exchange, and commercialisation of emerging technologies like 6G, Artificial Intelligence, and cybersecurity solutions. The launch is a major component of the two nations commitment to a deeper strategic partnership, aiming to foster an ecosystem for digital innovation that addresses global challenges. Both governments view this as crucial for enhancing digital trade and ensuring technological resilience. Read More..

B2B Tech News | 18 days ago         

Central Government Migrates 1.2 Million Employee Emails to Zoho Platform

Over the past year, the Indian Central government has successfully migrated all 1.2 million official email addresses, including those of the Prime Min

Over the past year, the Indian Central government has successfully migrated all 1.2 million official email addresses, including those of the Prime Minister’s Office PMO, from the National Informatics Centre NICbased system to a platform developed by Zoho. This major digital infrastructure overhaul aims to enhance security, feature set, and efficiency for government communications. The shift highlights the governments accelerating push towards leveraging indigenous software solutions for critical operations. Officials involved in the project noted the transition was executed with minimal disruption, providing a secure and scalable email ecosystem. This move is seen as a significant validation for Indianmade enterprise technology and a step towards digital selfreliance. Read More..

B2B Tech News | 18 days ago         

China Blacklists 14 Foreign Firms, Escalating Trade Tensions

Reuters reports that Chinas Commerce Ministry has increased trade tensions amid increasing geopolitical turmoil by adding 14 foreign corporations to i

Reuters reports that Chinas Commerce Ministry has increased trade tensions amid increasing geopolitical turmoil by adding 14 foreign corporations to its "unreliable entity list." By limiting their operations in China, the designation targets companies allegedly posing a threat to national security or interfering with supply chains. In addition to possible fines, affected firms may be prohibited from investing, exporting, and importing. The action demonstrates Beijings determination to thwart international sanctions and regain control of vital industries. The blacklist is seen by analysts as a component of Chinas larger strategy to protect its economic interests and respond to alleged pressure from the West. The statement comes as ongoing disagreements over global supply chain resilience, export regulations, and technology access continue to complicate matters for foreign companies doing business in China. Read More..

B2B Tech News | 18 days ago         

HSBC Shares Drop 6% After $2.1B Peak Re Acquisition Sparks Investor Concerns

According to Reuters, HSBCs stock dropped 6% after the company announced that it will pay $2.1 billion to acquire Hong Kongbased insurer Peak Re. Inve

According to Reuters, HSBCs stock dropped 6% after the company announced that it will pay $2.1 billion to acquire Hong Kongbased insurer Peak Re. Investors expressed concerns about capital allocation and strategic focus as a result of the move, which was intended to increase HSBCs presence in Asia. The agreement coincides with increased regulatory scrutiny in important markets and larger restructuring initiatives. With support from Fosun International, Peak Re is an AsiaPacific reinsurance specialist. Analysts are concerned that the acquisition would put pressure on HSBCs financial sheet and divert attention away from the companys main business. Market anxiety over geopolitical tensions and weakening regional economy is another factor contributing to the share decline. Investors are nonetheless wary of time and execution risks, despite HSBCs insistence that the acquisition will increase longterm value and diversify revenue sources. Read More..

B2B Tech News | 18 days ago         

NPCI Pilots Biometric Smart Glasses to Revolutionize UPI Authentication

An innovative step forward in digital payments is being taken by Indias NPCI, which is testing biometric wearing glasses to verify UPI transactions. P

An innovative step forward in digital payments is being taken by Indias NPCI, which is testing biometric wearing glasses to verify UPI transactions. PINs and passwords are no longer necessary thanks to the smart glasses usage of facial and iris recognition to authenticate users. The technology, which was created with security and accessibility in mind, is intended to help older and disabled users while improving fraud protection. The pilot is a component of NPCIs larger initiative to develop UPI infrastructure and increase the use of biometrics. The glasses have the potential to revolutionise contactless payments and interact with other digital identity systems, such as Aadhaar, if they are effective. By fusing ease, inclusivity, and stateoftheart security in routine financial interactions, this program underscores Indias goal to be a leader in fintech innovation. Read More..

B2B Tech News | 18 days ago         

DeepMind Launches AI Tool to Detect and Fix Software Vulnerabilities in Real Time

A new artificial intelligence tool from DeepMind is intended to proactively identify and fix software flaws before they can be taken advantage of. The

A new artificial intelligence tool from DeepMind is intended to proactively identify and fix software flaws before they can be taken advantage of. The approach aims to lessen dependency on manual patching and reactive cybersecurity efforts by using machine learning to analyse code for security weaknesses and recommend patches in real time. It can recognise small dangers across a variety of programming languages since it has been trained on large datasets of known vulnerabilities and code patterns. To make secure coding methods more efficient, the tool interfaces with developer workflows. DeepMinds endeavour underlines the growing need of proactive cybersecurity, particularly in light of the expanding dangers to software supply chains. According to experts, this is a step towards AIassisted secure development, which might revolutionise how businesses handle resilience and digital risk. Read More..

B2B Tech News | 18 days ago         



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