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14-08-2026 Friday 4
Sundaram Finance Registered
under CGTMSE
guarantee-backed financing
through Sundaram Finance.
The association with CGTMSE
will help expand formal credit
access to deserving
enterprises that have viable
business opportunities but
limited collateral, supporting
business expansion, working
capital requirements and
Ahmedabad, Sundaram employment generation.
Finance Ltd. has been Commenting on the
registered as a Member development, Mr. Rajiv
Lending Institution (MLI) under Lochan, Managing Director,
the Credit Guarantee Fund Sundaram Finance Ltd., said:
Trust for Micro and Small " At Sundaram Finance, our
Enterprises (CGTMSE), purpose is rooted in creating
enabling eligible Micro and enduring value by enabling the
Small Enterprises (MSEs) to growth of businesses and
access Government credit communities. (19-8)
Kia India Carens Clavis EV
Crosses 1,100+ Units
Ahmedabad, Kia India, one ecosystem that makes electric
of the country's leading mass- mobility more practical and
premium automakers, today accessible. The Carens Clavis
announced that its Carens EV, with its combination of
Clavis EV has crossed 1,100+ space, technology, comfort
units deployed in corporate and electric efficiency, is well
fleets since its launch in July suited to the evolving
2025, underlining the model's requirements of corporate
growing role in India's shift and fleet mobility. Kia's broader
towards cleaner, more EV ecosystem, including
efficient business charging solutions and after-
transportation. Adding to this sales support, further supports
momentum, Kia India today customers in making the
announced a 100-unit Carens transition to electric mobility.
Clavis EV fleet deployment for The collaboration with Refex
Refex Mobility, with the first lot Mobility brings together Kia
handed over at a ceremony India's electric mobility
held in the presence of Kia capabilities with Refex's fleet
India leadership. Kia India's expertise, enabling
approach to electrification organizations to integrate EVs
extends beyond introducing into their everyday mobility
EV products to building an requirements. (1-7)
Fire Incident at ONGC Kalol; No
Injuries Reported
Ahmedabad, A minor fire production operations have
incident was reported this been completely restored.
morning at one of ONGC’s ONGC places the highest
installations in the Kalol Field. priority on the safety of its
ONGC’s Fire and Emergency personnel, assets and
Response teams responded neighbouring communities.
immediately and successfully The Corporation remains
extinguished the fire. No committed to maintaining
injury or harm to any robust safety standards and
personnel has been reported. emergency-response
The situation is fully under preparedness across all its
control, and normal operational locations. (13-1)
MobiKwik profitable for third
consecutive quarter
One MobiKwik Systems quarterly high, while Financial
Ltd. (MobiKwik) (NSE: Services delivered resilient
MOBIKWIK / BSE: 544305), revenue growth along with
India's largest digital wallet, favourable Gross Profit
today announced its earnings margins. Commenting on the
results for the quarter ended performance, Bipin Preet
June 30, 2026 (Q1 FY27). The Singh, Co-founder, MD & CEO,
Company reported its third MobiKwik said: "Our Q1 FY27
consecutive profitable quarter, performance reinforces that
with a PAT of ?7.6 Cr, a positive profitability is embedded in our
swing of ?49.5 Cr YoY, business model, with three
reinforcing its position as one consecutive profitable
of India’s fastest-scaling and quarters alongside continued
profitable fintech platforms. investments in growth. In
Q1 FY27 marks a Payments, we have delivered
continuation of MobiKwik’s a record GMV streak of 14
profitability journey. straight quarters, achieving
Contribution Profit grew by 50% YoY growth with improved
66% YoY, reflecting disciplined unit economics. In Lending, we
cost management and strong grew Gross Profit 5.6x YoY,
monetization across Payments demonstrating robust credit
and Financial Services. quality and strong portfolio
Platform GMV hit a new recoveries.
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