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Mobavenue AI Tech Limited reported a 56.9% year-on-year increase in consolidated revenue to ₹728 million for the quarter ended June 30, 2026, while profit after tax (PAT) nearly doubled to ₹117 million, reflecting continued growth in its AI-led advertising and consumer technology business. EBITDA rose 77% year-on-year to ₹154 million, with the EBITDA margin expanding 240 basis points to 21.2%. PAT margin also improved to 16.1%, up 320 basis points from a year earlier. Sequentially, revenue increased 16.3%, while EBITDA rose 15.8% and PAT grew 39.3%. The company said growth was driven by demand from direct advertisers in sectors including…

Indriya, the jewellery brand from Aditya Birla Group, has appointed actor Krithi Shetty as its brand ambassador for the southern markets and unveiled its Varalakshmi campaign ahead of the festive season. The campaign positions Shetty as the face of Indriya’s festive jewellery collection, drawing on the cultural significance of Varalakshmi celebrations across Andhra Pradesh, Telangana and Karnataka. Rooted in themes of prosperity, devotion and togetherness, the campaign showcases heritage-inspired jewellery reinterpreted through contemporary design. The collection features temple jewellery elements including nakkashi craftsmanship, Goddess Lakshmi motifs, lotuses, peacocks, kasu-inspired designs and temple detailing. Crafted in antique gold finishes and complemented…

ICICI Prudential Life Insurance has launched ICICI Pru iProtect Smart Her, a comprehensive term insurance plan designed specifically for women, combining life protection with health, wellness and financial flexibility. The product offers women a 15% lifetime premium discount and a pregnancy break benefit to help manage premium commitments during pregnancy. It also provides women-specific health management and wellness services worth up to ₹25,000. These services include tele consultations across multiple specialties, annual health check-ups, health risk assessments, wellness content, and pharmacy and diagnostic discounts. The company said the overall benefits under the product are worth up to ₹92,100. The plan…

India’s festive shopping journey is evolving, with Gen Z increasingly moving beyond product discovery to seek reassurance from friends and family before making purchases, according to new research by GWI and Snapchat released on August 12, 2026. The study found that 70% of Gen Z consumers view the festive season as multiple celebrations rather than a single shopping moment, while nearly four in 10 begin planning their Diwali purchases more than a month in advance. Creator content remains influential in product discovery, with 7 in 10 Gen Z consumers saying it helps them discover products. However, 76% said instant feedback…

Bajaj General Insurance Limited, formerly Bajaj Allianz General Insurance Company Limited, has launched ProShield, a packaged motor insurance solution for defence personnel, along with the enhanced VPAY 2.0, its next-generation motor insurance offering aimed at connected vehicles and evolving mobility risks. ProShield addresses the distinctive requirements of military life, including frequent relocations and vehicle movement between postings. The product provides vehicle relocation protection, including policy extensions for vehicles transported through licensed carriers, eligible No Claim Bonus protection, travel emergency cover for missed flights and hotel expenses following vehicle accidents, and assistance for replacing lost driving licences and registration certificates for…

N Chandrasekaran, Chairman of Tata Sons Private Limited, has decided not to offer himself for re-appointment when his current tenure ends on February 20, 2027, the Sir Dorabji Tata Trust said on Thursday. The Trust said its nominee directors received an email from Chandrasekaran on August 12 conveying his decision. The Sir Dorabji Tata Trust respected the decision and placed on record its appreciation for Chandrasekaran’s contribution and stewardship of Tata Sons and the Tata Group over the past decade. The Trust said Chandrasekaran made an “immense contribution” during a period marked by significant change, growth and transformation across the…

Speciality Restaurants Limited has elevated Avik Chatterjee as Chief Executive Officer, effective from the first quarter of FY27. Chatterjee, who previously served as Executive Director – Innovation & New Formats, will oversee the company’s portfolio of brands and restaurant operations across India and international markets. A second-generation entrepreneur, Chatterjee has been closely associated with the company’s flagship Mainland China brand, founded by his father and Chairman & Managing Director Anjanmoy Chatterjee. In his new role, he will focus on strengthening existing brands, expanding into new markets, developing new concepts and improving operational efficiency. The company’s portfolio includes Mainland China, Oh!…