Industry Trends
Banks report 30% jump in fraud amount in Apr-Sep 2025: RBI
Startup Funding
OneCard’s revenue jumps 32% to Rs 1,878 crore in FY25 as losses narrow
Mobile-first credit card startup OneCard is closing in on the Rs 2,000 crore revenue mark, even as it continues to rein in losses amid tighter regulatory scrutiny around co-branded cards. OneCard’s parent, FPL Technologies, reported operating revenue of Rs 1,878 crore in FY25, up 32% from Rs 1,425.5 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). Total revenue crossed Rs 1,900 crore during the year ended March 31, 2025. Founded in 2019, the company issues co-branded credit cards, largely targeted at first-time users, through partnerships with IDFC First Bank, Federal Bank and SBM Bank. It also operates OneScore, an app focused on credit score tracking and credit management. Revenue from these services remained the company’s sole source of income. Despite the growth, OneCard stayed loss-making, though cash burn eased. The company’s loss narrowed 26% to Rs 297.5 crore in FY25 from Rs 401 crore in FY24. Expenses rose 18% to Rs 2,206 cr...
Industry Trends
November industrial growth surges to 6.7%, highest in 25 months
Startup Funding
Mamaearth-parent Honasa co-founder Varun Alagh raises stake via Rs 50 crore block deal
Mamaearth parent Honasa Consumer Ltd said its co-founder and promoter Varun Alagh has increased his equity stake in the company through a block deal transaction. In a regulatory filing dated December 29, 2025, the company said Alagh acquired 18,51,851 equity shares, representing 0.57% of Honasa Consumer’s total share capital, at a price of Rs 270 per share. The transaction value aggregated to about Rs 50 crore. Following the acquisition, Alagh’s shareholding has risen to 10,55,82,701 equity shares, accounting for 32.45% of the company’s total share capital. The aggregate holding of the promoter and promoter group has increased to 11,56,48,401 equity shares, or 35.54% of the total share capital, the filing said. Honasa Consumer owns FMCG brands including Mamaearth and The Derma Co. The stake increase comes shortly after the company’s strategic entry into the men’s grooming segment through the acquisition of South India-focused brand Reginald Men . Honasa picked up a 95% stake in BTM ...
Industry Trends
Zomato, Swiggy, Zepto delivery partners to go on strike again on December 31; Union says, 'Picture abhi baaki hai'
Delivery partners working with major platforms including Zomato , Swiggy , Zepto , Blinkit , Amazon and Flipkart have announced a nationwide strike on December 31, 2025, renewing pressure over same set of demands. The proposed strike follows a similar nationwide protest held on Christmas Day, December 25, when nearly 40,000 delivery workers participated, disrupting an estimated 50-60% of deliveries in several cities. Worker groups said the renewed action is aimed at intensifying their campaign as conditions in the gig economy continue to worsen. The December 31 protest has been called by the Telangana Gig and Platform Workers Union in coordination with the Indian Federation of App-Based Transport Workers. “All-India strike today was just the trailer. Picture abhi baaki hai – 31 Dec, 2025,” the union wrote in a post on X (formerly Twitter). 🚨 All-India Strike Today was just the trailer. 🎬 Picture abhi baaki hai – 31 Dec, 2025 Delivery workers will not bow to ID blocking, threats and ...
Industry Trends
Government pushes integrated skilling framework to build India’s AI-ready workforce
The Union Minister for Skill Development and Entrepreneurship, Jayant Chaudhary, has underlined the need for closer collaboration between government, industry, academia and training institutions to strengthen India’s artificial intelligence (AI) talent pipeline. He highlighted that India’s skilling ecosystem must evolve rapidly to keep pace with technological change while remaining inclusive and future-ready. Chairing a high-level [...] The post Government pushes integrated skilling framework to build India’s AI-ready workforce appeared first on HR Katha .
Industry Trends
Salesforce clarifies workforce rebalancing amid debate on AI replacing jobs
As technology companies continue to reassess workforce strategies amid rising investments in artificial intelligence infrastructure, questions around the realistic limits of automation are becoming more pronounced. Salesforce, which recently found itself at the centre of a debate on AI-driven job cuts, has now issued a clarification to address reports suggesting it replaced thousands of employees [...] The post Salesforce clarifies workforce rebalancing amid debate on AI replacing jobs appeared first on HR Katha .
New Job Openings
Job offers at IIT Delhi top 1,275 by December
IIT Delhi students have received 1,275 job offers during the ongoing placement season. This includes over 300 pre-placement offers, a significant increase from last year. Many top companies have extended multiple offers. Students have also secured more than 35 international placements.
Industry Trends
US Business owner shares Rs 2,155 crore windfall with employees after company sale
An American entrepreneur has drawn global attention after sharing a significant portion of his company’s sale proceeds with employees, turning a corporate exit into a life-changing moment for hundreds of workers. Graham Walker, former chief executive of electrical equipment enclosure maker Fibrebond, distributed bonuses worth nearly Rs 2,155 crore ($240 million) among around 540 employees [...] The post US Business owner shares Rs 2,155 crore windfall with employees after company sale appeared first on HR Katha .