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MapmyIndia Reports 6% YoY Profit Growth in Q1 FY27

MapmyIndia reported a 6.3% year-on-year net profit increase to ₹50.4 crore in Q1 FY27, driven by a 14.9% rise in revenue. Growth was fueled by automotive and IoT sectors, though narrowing margins and reliance on government contracts remain risks.

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Uttar Pradesh to Establish Two U-Hubs for Deep-Tech Innovation

The Uttar Pradesh government has approved the creation of two U-Hubs in Lucknow and Noida to foster a deep-tech innovation ecosystem. With an initial ₹100 crore allocation, the initiative aims to connect startups, academia, and industry investors.

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