Friday, May 22, 2026

Wakefit reports profit of Rs 122 crore in Q4, revenue up 15% YoY

Wakefit reported a significant turnaround in FY26, achieving a net profit of Rs 121.8 crore in Q4 against a loss in the previous year. This surge was partly due to a one-time deferred tax credit. Operating revenue also saw a 15% year-on-year increase, driven by strong mattress sales, despite moderating discretionary spending in the latter half of the quarter.

from Tech-Economic Times https://ift.tt/35rxhwS

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MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and no...