Graamya is taking Kerala spices global; Pine Labs posts Rs 59 Cr Q4 profit
Graamya, a for-profit social enterprise, is proving that sustainable farming can be profitable by helping rural farmers add value to indigenous spices and access better markets; Pine Labs has reported a net profit of Rs 112.51 crore, compared with a net loss of Rs 145.49 crore in FY25.
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India will need coordinated efforts from the government, industry, and academia on skilling and policy to emerge as an AI powerhouse, IBM India head Sandip Patel said, even as the technology poses challenges to the country’s position as a global services hub.
Patel said that India’s large young workforce could provide an edge in the global AI race, as businesses increasingly adopt the technology to improve productivity.
Meanwhile, Anthropic co-founder Chris Olah said that the development of artificial intelligence cannot be left solely to technology companies, urging greater oversight from religious leaders, governments and civil society. His remarks come after Pope Leo urged governments to slow down and closely regulate the development of AI systems, warning that they spread misinformation, prioritise conflict and risk leading the world down a path of unending war.
In other news, Ola Electric is on course to nearly double its quarterly volumes in the June quarter, with registrations in Q1 FY27 already surpassing its entire Q4 FY26 tally on the VAHAN vehicle registration portal. The trend signals a strong rebound in demand following a weak March quarter.
According to VAHAN data, Ola Electric has logged around 22,600 registrations so far in Q1 FY27, overtaking the 22,221 units registered in Q4 FY26, with nearly 40 days still left in the quarter.
In today’s newsletter, we will talk about
- Graamya is taking Kerala spices global
- Pine Labs reports Rs 59 Cr net profit in Q4
Here’s your trivia for today: What was Google’s first-ever tweet?
Social Enterprise
Graamya is taking Kerala spices global
Based in Idukki, Kerala, Graamya is a for-profit social enterprise founded by Annu Sunny and Bhavesh Sawariya. It is proving that sustainable farming can be profitable by helping rural farmers add value to indigenous spices and access better markets.
Spice business:
- After its original rural tourism plans were disrupted by the Kerala floods and the pandemic, Graamya pivoted to agriculture and built a profitable spice-based social enterprise.
- The company is helping revive confidence in farming among younger generations by proving that high-quality, pesticide-residue-free spices can generate sustainable incomes.
- Women play a central role in Graamya’s operations, from post-harvest processing to hosting international buyers, with payments transferred directly to women in farming households.
News
Pine Labs reports Rs 59 Cr net profit in Q4
Fintech firm Pine Labs swung to its highest-ever quarterly and annual profit in FY26, driven by strong transaction growth, rising international revenue, and rapid expansion of its AI-led commerce capabilities.
Key takeaways:
- Pine Labs posted a Q4 FY26 net profit of Rs 59.36 crore against a loss of Rs 28.91 crore a year ago, while revenue rose 17% YoY to Rs 700.51 crore.
- The company processed $194 billion in gross transaction value (GTV) in FY26, up 50% YoY, with UPI volumes surging 68% to power over 20 million daily transactions.
- International business crossed Rs 400 crore in revenue and now contributes 15% of total revenue, while Pine Labs is also deepening its AI push through agentic commerce solutions in partnership with OpenAI.
<Funding alert>
Startup: StrainX Bioworks
Amount: $13M
Round: Undisclosed
Startup: abcoffee
Amount: Rs 61 Cr
Round: Series B
Startup: Yes Madam
Amount: Rs 50 Cr
Round: Maiden funding
News & updates
- Oil prices: Oil prices have fallen sharply on hopes of a deal that could bring an end to the US-Israel war with Iran.
- Sustainability: Brazil expects to raise $9.92 billion through what is set to be the largest auction under its Eco Invest programme, aimed at advancing sustainable technologies in strategic sectors, Rogerio Ceron told Reuters.
What was Google’s first-ever tweet?
Answer: Google’s first tweet, posted in 2009, was entirely in binary code. The decoded message read: “I’m feeling lucky”, referencing the company’s well-known search feature.
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