Margins Cushion Wakefit’s ProfitabilityFresh from its IPO, Wakefit reported a profitable Q3 FY26. Despite seasonal discounts and a CFO transition, the D2C furniture and mattress brand clocked record quarterly revenues, alongside a sharp improvement in its margins. Here is a snapshot of Wakefit’s Q3 numbers:Profits stood at ₹31.9 Cr compared to a loss of ₹2.4 Cr in Q3 FY25Revenue from operations rose 9.4% YoY to ₹421.3 Cr EBITDA improved 158% YoY to ₹70.3 Cr, while margins expanded to 53.8% Total expenses ro ...

More FinTechs and platforms are pursuing charters for control and durability, trading speed for heavier regulation and long-term accountability.Not all “banks” are banks, as national, state, thrift, special-purpose and ILC charters each grant different powers.Bank charters represent the operating system (OS) for the U.S. financial sector.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance wit ...

The Warburg-Mubadala combination, expected to value the company at around Rs 16,500 crore ($1.8 billion), is competing with Swedish buyout firm EQT, the only other serious contender ahead of binding offers scheduled next week.At this level, the company will get valued at close to 24x its projected FY26 ebitda, underscoring the strong demand for scaled contract development and manufacturing organisation (CDMO) homegrown businesses among ET BureauThe financial investors are expected to fully exit as part of ...

  The National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (Mospi), is scheduled to release retail inflation estimates for January on Thursday.  As the January CPI inflation print is the first with 2024 as the base year, the estimates differ based on whether economists use old CPI weightings and methodology or adjust to the new series.   Estimates based on the old weighting place the CPI-based inflation rate in January at 2.5-2.6 per cent, while those under the n ...

Customers have access to several kinds of loans from banking and non-banking lenders. Borrowers can choose from a wide range of lending products such as car loans, home loans, education loans and the most popular, personal loans. Borrowers can apply for online instant loans like FIRSTmoney by IDFC FIRST Bank with no document uploads, approvals at competitive interest rates and funds disbursed within 30 minutes. While borrowing money from a lender is a straightforward process, it is prudent to ensure that t ...

Revolut, the global fintech giant, has officially launched full banking operations in Mexico, marking a major milestone as the company establishes its first bank entity outside of the European continent.The move sees the end of the company’s beta phase in the country. Now operating as Revolut Bank S.A. Institución de Banca Múltiple, the challenger bank aims to use its Mexican operations as a blueprint for further expansion into other high-growth markets globally.A strategic foothold in LatAmRevolut has capi ...

YouTube's top creator, MrBeast, is making a leap into fintech by buying a consumer banking app geared toward teens. His company, Beast Industries, is acquiring Step, according to a joint announcement sent Monday.Step, which describes itself as an "all-in-one" money app, is a digital banking platform designed to help young people get their financial start. The company offers a mix of services, including savings accounts, a credit-building Visa card that functions similarly to a debit card, and a cash-advanc ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.Considering buying WLK stock? Here’s what analysts think: Photo via Shutterstock ...

During a period of escalating global tensions, Europe stands at a crossroads, grappling with the need for massive investments to bolster its strategic autonomy. According to recent analyses shared by Oliver Wyman, the continent must mobilize an extra €1.2 trillion between 2025 and 2030 to advance its energy transition, digital evolution, and defense capabilities.The research report indicated that this figure, up from earlier estimates of €800 billion highlighted in the Draghi report, underscores the urgency ...