Lokesh Choudhary

Bangalore, India

Journalist at Inc42

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Articles

Swiggy Instamart’s Q4 Adjusted EBITDA Loss Widens 45% To INR 840 Cr

6 days ago | inc42.com | Lokesh Choudhary

SUMMARY Swiggy Instamart’s adjusted EBITDA loss for the period stood at INR 840 Cr, increasing 45.3% from INR 578 Cr in the preceding December quarter The quick commerce vertical’s operating revenue rose 19.5% to INR 689 Cr in Q4 from INR 576.5 Cr in Q3 Swiggy Instamart added 316 dark stores in Q4, expanding its network to 1,021 stores at the end of March (up 45% QoQ) Swiggy Instamart’s loss widened sharply in Q4 FY25 as the company ramped up marketing spending and dark store expansion amid...
HT Syndication: TRAI Proposes Satcom Spectrum Allocation For 5 Years

6 days ago | htsyndication.com | Lokesh Choudhary

India, May 9 -- The Telecom Regulatory Authority of India (TRAI) has recommended a five-year tenure for spectrum allocation for satellite-based communication (satcom) service providers. The proposal covers spectrum usage for both geostationary (GSO) and non-geostationary (NGSO) satellite systems and sets clear rules around pricing, service rollouts, and coordination among operators.
HT Syndication: CaratLane's Q4 Revenue Rises 23% YoY To INR 883 Cr

1 week ago | htsyndication.com | Lokesh Choudhary

India, May 9 -- Titan-owned CaratLane's total income for Q4 FY25 zoomed 23% year-on-year (YoY) to INR 883 Cr from INR 717 Cr in the same quarter previous year. The company's earnings before interest and taxes (EBIT) stood at INR 70 Cr, marking a 35.1% increase from the INR 52 Cr EBIT it reported in Q4 FY24. Meanwhile, EBIT margin for the quarter under review grew 69 bps YoY to 7.9%, driven by consistent growth across product categories and expansion in footprint.
CaratLane’s Q4 Revenue Rises 23% YoY To INR 883 Cr

1 week ago | inc42.com | Lokesh Choudhary

SUMMARY CaratLane’s EBIT stood at INR 70 Cr in Q4 FY25, marking a 35.1% increase from the INR 52 Cr EBIT it reported in Q4 FY24 The studded jewellery category saw a 19% YoY revenue growth, while gold jewellery and other segments surged 42% in Q4 FY25 CaratLane added 17 new stores in India in the quarter, taking the total count to 322 stores Titan-owned CaratLane’s total income for Q4 FY25 zoomed 23% year-on-year (YoY) to INR 883 Cr from INR 717 Cr in the same quarter previous year. The...
HT Syndication: Centre Orders X To Block Over 8,000 Accounts

1 week ago | htsyndication.com | Lokesh Choudhary

India, May 9 -- The Centre has ordered social media platform X to block over 8,000 accounts in India. In a post on the platform, X's global government affairs team said that despite its disagreement with the orders, it will withhold the specified accounts in India and has begun the process for the same.
Centre Orders X To Block Over 8,000 Accounts

1 week ago | inc42.com | Lokesh Choudhary

SUMMARY The Centre has ordered social media platform X to block over 8,000 accounts in India X’s global government affairs team said that despite its disagreement with the orders, it will withhold the specified accounts in India and has begun the process for the same X said that in most cases, it was not told which specific posts broke the law The Centre has ordered social media platform X to block over 8,000 accounts in India. In a post on the platform, X’s global government affairs team...
Centre Orders OTT Platforms To Remove Pakistan-Origin Content

1 week ago | inc42.com | Lokesh Choudhary

SUMMARY MIB has asked OTT platforms, media streaming services, and intermediaries operating in the country to stop hosting content originating from Pakistan The ministry said that several terrorist attacks in India have been established to have cross-border linkages with Pakistan-based state and non-state actors Notably, the advisory was issued under the IT Rules, 2021 Amid the rising tensions between India and Pakistan, the information and broadcasting ministry (MIB) has asked OTT platforms,...
HT Syndication: IN-SPACe, Karnataka Sign MoUs To Set Up CoE & Space Manufacturing Park

1 week ago | htsyndication.com | Lokesh Choudhary

India, May 8 -- The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has signed two pacts with the Karnataka government to bolster the spacetech ecosystem in the state. Under the memorandums of understanding (MoUs), the two parties will work together to set up a centre of excellence (CoE) for space technologies in Bengaluru and a space manufacturing park to support satellite and launch vehicle production.
IN-SPACe, K'taka Sign MoUs To Set Up Space Manufacturing Park

1 week ago | inc42.com | Lokesh Choudhary

SUMMARY While the manufacturing park will focus on developing next-generation space technologies, the CoE will look to drive research and innovation in the sector Karnataka and IN-SPACe will look to strengthen the state’s position as a hub for private space ventures, with support from existing government departments such as ISRO, HAL and BEL Earlier, IN-SPACe also announced a project to build and operate a constellation of Earth observation satellites in low Earth orbit The Indian National...
Delhi HC Bars Gensol, BluSmart From Creating Third-Party Rights On 220 EVs

1 week ago | inc42.com | Lokesh Choudhary

The Delhi High Court has barred troubled Gensol Engineering and ride-hailing startup BluSmart from creating third-party rights over 220 additional EVs, taking the total number of EVs with such orders to 493. According to a Bar and Bench report, the Delhi HC passed the order while hearing a petition filed by SMAS Auto Leasing and Shefasteq OPC. The companies accused Gensol and its related entity BluSmart of violating lease terms and defaulting on payments.