Kiwi cofounder Mohit Bedi steps back from executive role, shifts focus to advisory and investing

by Hansraj Agrawal | Apr 18, 2026 | Business

Founded in 2022, Kiwi last raised $24 million in a funding round led by Vertex Ventures in August last year
| Photo Credit:
NanoStockk

Mohit Bedi, Cofounder of fintech start-up Kiwi, has stepped away from an active executive role after four years of helping build the company, as he looks to prioritise personal commitments.

In a LinkedIn post on Saturday, Bedi said he will now focus on “personal and family” priorities, while continuing to remain associated with the company as an advisor and long-term shareholder.

“Kiwi is in great shape, strong momentum, strong team, strong vision,” he wrote, adding that day-to-day operations will now be led by Cofounders Anup Agrawal and Siddharth Mehta.

Bedi said he will increasingly spend time on advisory roles, funding and angel investing, and has already backed a few early-stage startups.

Prior to cofounding Kiwi, Bedi spent over seven years at Axis Bank, where he rose to senior vice president and business head roles across consumer card products and merchant acquiring, managing both credit and debit portfolios.

He later joined PayU as senior vice president in 2022, working on strategic initiatives and the Bharat Bill Payment System (BBPS) operations in India.

Founded in 2022, Kiwi last raised $24 million in a funding round led by Vertex Ventures in August last year. Existing investors Nexus Venture Partners, Omidyar Network and Stellaris Venture Partners also participated.

Kiwi issues RuPay credit cards in partnership with Yes Bank and AU Small Finance Bank, enabling payments via UPI.

It also offers UPI-based credit lines, allowing users to access pre-approved credit through linked bank accounts. Since launching in 2023, Kiwi has issued over 200,000 RuPay credit cards and processes more than 5 million merchant transactions each month across 600 cities.

Published on April 18, 2026

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Coastal Karnataka’s tech boom: Silicon Beach Program launches ‘BaseCamp’ to boost ecosystem

by Hansraj Agrawal | Apr 18, 2026 | Business

(From L to R) Bharath Shetty, MLA, Mangaluru north; Rohith Bhat, SBP Convener and Founder of wrkwrk, 99Games and Robosoft; Nagaraj Acharya, Director of Engineering of Vinyl Equity; and Vishal Kanchan, Head Of People Operations, India, Entrupy, at the launch of ‘BaseCamp’ initiative of Silicon Beach Program in Mangaluru on Saturday, April 18, 2026.
| Photo Credit:
H S Manjunath

The Silicon Beach Program (SBP) – an initiative by like-minded leaders from diverse fields, working together to promote the economic growth of Coastal Karnataka using the technology industry as a catalyst – has launched ‘BaseCamp’, a strategic initiative designed to enable companies, founders and professionals to establish nano-GCCs, satellite offices in Coastal Karnataka.

Speaking at the launch of ‘BaseCamp’ in Mangaluru on Saturday, Rohith Bhat, SBP Convener and Founder of wrkwrk, 99Games and Robosoft, said ‘BaseCamp’ initiative makes it easier for companies to start and scale from Coastal Karnataka.

“From first conversation to first hire, we support every step of setting up nano-GCCs and satellite offices, handling compliance, hiring and on-ground logistics so teams can hit the ground running from day one,” he said.

Launched as part of SBP’s broader vision to accelerate the growth of the region, ‘BaseCamp’ initiative enables global companies to seamlessly establish and scale nano-GCC or satellite office in Coastal Karnataka, from entity setup to talent and infrastructure.

Building on ‘HomeComing’

‘BaseCamp’ initiative builds on the momentum created by SBP’s earlier platform, ‘HomeComing’, which focused on talent repatriation. While ‘HomeComing’ addressed the talent supply side, ‘BaseCamp’ complements it by enabling the demand and infrastructure side, helping organisations set up, operate, and grow within the region.

Bhat said Coastal Karnataka has seen steady momentum in recent years, with a growing number of companies setting up operations and leveraging the region’s strong educational base, skilled workforce and improving infrastructure. ‘BaseCamp’ is expected to further accelerate this trend by offering a guided and ecosystem-driven approach to expansion.

Companies such as Vinyl Equity and Entrupy have set up their units in Mangaluru with support from SBP initiatives. Bhat said some more companies are in likely to set up their units in coastal Karnataka region under the ‘BaseCamp’ initiative.

Nagaraj Acharya, Director of Engineering of Vinyl Equity, and Vishal Kanchan, Head Of People Operations, India, Entrupy, shared their experiences in establishing the units in Mangaluru.

SBP’s new initiative, which enables companies and individuals to set up offices in the region, builds on momentum of more than 40 companies and over 8,000 jobs in IT sector created in Coastal Karnataka in the last two years.

Launching the ‘BaseCamp’ initiative, Bharath Shetty, MLA, Mangaluru north, underscored strong public leadership support for the region’s growing technology and business ecosystem.

SBP aims to develop the Karnataka coast, starting from Mangaluru and extending across a 300-km coastal belt, into the ‘Silicon Beach of India’. It aims to build the future while preserving the region’s culture and protecting nature.

Published on April 18, 2026

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Q4 Results 18th Apr Highlights: HDFC Bank & ICICI Bank Q4 profit up, Yes Bank profit jumps 44%, Jio Financial Q4 profit dips, Mastek, Bajaj Consumer in focus

by Hansraj Agrawal | Apr 18, 2026 | Business

businessman investment consultant analyzing company financial report balance sheet statement working with digital graphs. Concept picture for stock market, office, tax,and project. 3D illustration. istock photo for BL
| Photo Credit:
iStockphoto

Q4 Results Highlights Today, April 18, 2026: Find all the latest Q4 results 2026 updates of HDFC Bank Ltd, ICICI Bank Ltd, Yes Bank, Bansisons Tea Industries Ltd, Dolphin Kitchen Utensils and Appliances Ltd, Mangalam Global Enterprise Ltd, Network 18 Media & Investments Ltd, Nilachal Refractories Ltd, Punctual Trading Ltd, Suryachakra Power Corporation Ltd, Virgo Global Ltd.

Bharat Coking Coal board meeting postponed to April 22.

Earlier this week, Jio Financial Services Ltd, Mastek Ltd, Wipro, HDFC AMC, HDBFS, Angel One, Waaree Renewable Technologies and more announced Q4 results.

Stay tuned for more updates from businessline

Q4 RESULTS TODAY : HIGHLIGHTS

ICICI Bank: Standalone Q4 net profit rises 8.4 per cent YoY to ₹13,702 crore

HDFC Bank: Standalone Q4 net profit grows 9 per cent YoY to ₹19,221 crore

Yes Bank: Consolidated Q4 net profit jumps 45.3 per cent YoY to ₹1,082 crore

Network18: Q4 loss at ₹29.61 cr, revenue up 9.7% to ₹615.78 cr

April 18, 2026 16:26

Network18 Q4 loss at ₹29.61 cr, revenue up 9.7% to ₹615.78 cr

Network18 Q4 loss at ₹29.61 cr, revenue up 9.7% to ₹615.78 cr

Network18 reports a Q4 loss of ₹29.61 crore, with revenue rising 9.7% to ₹615.78 crore amid challenging market conditions.
April 18, 2026 15:59
Quarterly results

ICICI Bank Q4 results live: Profit up

ICICI Bank Q4 net profit up 9%

ICICI Bank reports a 9% increase in Q4 net profit, reaching ₹14,755 crore, driven by growth in core income.
April 18, 2026 15:51
Finance

Yes Bank Q4 results live: Asset Quality | Highlights

▪ GNPA Ratio at 1.3% in Q4FY26 down 30 bps Y-o-Y and 20 bps Q-o-Q

▪ NNPA Ratio at 0.2% in Q4FY26 down 10 bps both Y-o-Y and Q-o-Q

▪ PCR at 81.9% in Q4FY26 v/s 79.7% in Q4FY25 and 83.3% in Q3FY26

▪ Net Credit Costs for the quarter stood 0.2% of Avg. assets for the quarter v/s. 0.3% Q4FY25. FY26 Credit Costs restricted to 0.2% v/s. 0.3% in FY25

▪ Recoveries & Upgrades for Q4FY26 at INR 1,547 Crs & INR 4,795 Crs for FY26, incl. P&L gain from Security Receipts of INR 446 Crs for Q4FY26 & INR 1,559 Crs for FY26
April 18, 2026 15:46
Quarterly results

Hathway Q4 results live: Q4 profit falls

Hathway Q4 net profit declines 67.7% to ₹11.25 cr

Hathway reports a 67.7% Q4 profit decline to ₹11.25 crore, despite a 6.37% revenue increase to ₹545.85 crore.
April 18, 2026 15:41
Quarterly results

ICICI Bank Q4 results live: Q4 profit up, provisions down

ICICI Bank Q4 net profit up 9%

ICICI Bank reports a 9% increase in Q4 net profit, reaching ₹14,755 crore, driven by growth in core income.
April 18, 2026 15:19
Quarterly results

HDFC Bank Q4 results live: Q4 profit rises

HDFC Bank Q4 profit rises 8% to Rs 20,350 crore; NPAs improve

HDFC Bank reports 8% rise in Q4 profit to Rs 20,350 crore. NPAs improve to 1.15% and provisions fall, reflecting stronger asset quality and stable growth.
April 18, 2026 15:05
Quarterly results

ICICI Bank Q4 results live: Q4 profit, dividend updates.

ICICI Bank’s standalone net profit for the quarter ended March 2026 rose by 8.4% y-o-y to Rs 13,701.68 crore compared to Rs 12,629.58 crore in the same quarter last year.

In FY26, the profit increased marginally by 6% to Rs 50,146.64 crore from Rs 47,226.99 crore in FY25.

Board recommended a dividend of Rs 12 per share.

Board approved annual renewal of fund raising limits by way of issuances of debt securities including by way of non-convertible debentures in domestic markets upto an overall limit of ₹ 250.00 billion by way of private placement and issuances of bonds/notes/offshore certificate of deposits in overseas markets upto USD 1.50 billion for a period of one year.

It also approved extension of tenure of Mr. G. Srinivas as Group Chief Risk Officer of the Bank with effect from August 1, 2026 till July 31, 2028.
April 18, 2026 14:58
Quarterly results

HDFC Bank Q4 results live: Profit up, dividend announcement and more.

HDFC Bank’s standalone net profit for the quarter ended March 2026 increased by 9% y-o-y to Rs 19221.05 crore from Rs 17616.14 crore in the same quarter last year.

In FY26, the profit rose nearly 11% to Rs 74671.29 crore from Rs 67347.36 crore in the year-ago period.

Board has now recommended final dividend of Rs 13 per share.

With this, the total dividend for the year ended March 31, 2026 would be ₹ 15.50 per equity share of ₹ 1 each for the year ended March 31, 2026. The record date for determining the eligibility of members entitled to receive the said dividend shall be Friday, June 19, 2026.

Board approved issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long-Term Bonds for Financing Infrastructure Sub-Sectors up to total amount of Rs. 60,000 crore (Rupees Sixty thousand crore) during the period of twelve months from the date of shareholders’ approval, through private placement mode.
April 18, 2026 14:39
Finance

Yes Bank Q4 results live: Profit jumps on loan growth

Yes Bank posts higher Q4 profit on loan growth

Yes Bank reports a 44.7% rise in Q4 profit, driven by loan growth and improved asset quality.
April 18, 2026 14:19
Quarterly results

Yes Bank Q4 results live: Key highlights

Acceleration in Balance Sheet growth; CASA outperformance continues

• Advances at INR 2,73,445 Crs, up 11.1% Y-o-Y and 6.2% Q-o-Q; Deposits exceed critical milestone of INR 3 lakh Crs at INR 3,18,969 Crs up 12.1% Y-o-Y & 9.0% Q-o-Q

• Disbursements at INR 33,224 Crs, up 19.8% Y-o-Y & 23.1% Q-o-Q, with Retail disbursements accelerating to ~41% Y-o-Y growth; FY26 disbursements exceed INR 1 Lakh Crs

• CASA Deposits crossed the critical milestone of INR 1 lakh Crs during the quarter

• Retail & Branch Led Deposits at INR 1,86,186 Crs grew 13.5% Y-o-Y; and comprised 58.4%
April 18, 2026 14:17

Yes Bank Q4 results live: Q4FY26 , FY26 Highlights

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April 18, 2026 14:04
Quarterly results

Yes Bank Q4 results live: Q4 profit rises 45.3% y-o-y

Yes Bank reported consolidated net profit for the quarter ended March 2026 at Rs 1082.19 crore (up 45.3%) compared to Rs 744.53 crore in the same quarter last year.

In FY26, the bank recorded a consolidated net profit of Rs 3511.71 crore compared to Rs 2446.60 crore in FY25.
April 18, 2026 13:53
Info tech

Mastek Q4 results live:

Commenting on the performance, Umang Nahata, Chief Executive Officer, said the company saw a 3.6 per cent sequential improvement in revenue in the March quarter, supported by a 24.4 per cent year-on-year growth in its 12-month order backlog, which has enhanced revenue visibility. He noted that the UK business remained a key growth driver, expanding 21.8 per cent in rupee terms during FY26, led by strong traction in healthcare and new client wins in financial services. Nahata added that early signs of recovery are emerging in North America, aided by a strengthening deal pipeline and improved execution.
April 18, 2026 12:24
Info tech

Mastek Q4 results live: headcount rises to 4,730; attrition eases to 17.4 per cent

Mastek reported a marginal increase in its workforce during the March quarter, with total employee count rising to 4,730 as on March 31, 2026, compared with 4,676 at the end of December 2025. Of the total, 3,195 employees were based offshore in India, while the remainder were deployed across onsite locations.

Attrition saw a slight improvement during the quarter, with last twelve months attrition at 17.4 per cent in Q4FY26, down from 17.6 per cent in the preceding quarter.
April 18, 2026 11:59
Stock market

ICICI Bank Q4 results live: Shares closed flat on the NSE on Friday. Bank to declare Q4 results today.

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April 18, 2026 11:45
Info tech

Mastek Q4 results live: Mastek Q4 order backlog grows 24.4 per cent YoY to ₹2,849 crore

Mastek reported a strong rise in its 12-month order backlog for the fourth quarter, which stood at ₹2,849.2 crore (about $300.4 million) as on March 31, 2026. This marks a growth of 24.4 per cent on a year-on-year basis compared with ₹2,290.9 crore ($264.5 million) in Q4FY25.

On a sequential basis, the order backlog increased 7.2 per cent from ₹2,658.5 crore ($295.8 million) recorded in the December quarter of FY26, indicating steady momentum in deal wins and pipeline visibility.
April 18, 2026 11:41
Quarterly results

Jio Financial Q4 results live: Key highlights | Standalone

Screenshot 2026-04-18 114035.png

(Investor presentation)
April 18, 2026 11:28
Stock up

Yes Bank Q4 results live: Shares ended at Rs 20.19, up 1% on the NSE on Friday. Bank to declare Q4 results today.

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April 18, 2026 11:26
Info tech

Mastek Q4 results live: Mastek cash balance rises to ₹938.5 crore at March-end

Mastek reported an increase in its liquidity position at the close of the March quarter, with total cash, cash equivalents and investments in mutual funds rising to ₹938.5 crore as on March 31, 2026. This marks an improvement from ₹798.8 crore as on December 31, 2025, reflecting a stronger cash position over the quarter.cash balance rises to ₹938.5 crore at March-end

Mastek reported an increase in its liquidity position at the close of the March quarter, with total cash, cash equivalents and investments in mutual funds rising to ₹938.5 crore as on March 31, 2026. This marks an improvement from ₹798.8 crore as on December 31, 2025, reflecting a stronger cash position over the quarter.
April 18, 2026 11:00
Quarterly results

Q4 results live: Bharat Coking Coal board meeting postponed to April 22

Bharat Coking Coal Limited has deferred its board meeting, which was earlier scheduled to take place today, to April 22. The company did not specify the reason for the postponement.

The meeting is expected to consider key financial and operational matters, in line with routine board agenda items. Further updates are likely once the meeting is held.
April 18, 2026 10:58
Finance

Jio Financial Services Q4 results live: Jio Finance in focus | Growth momentum across segments

Screenshot 2026-04-18 105656.png

(Investor presentation)
April 18, 2026 10:54

Mastek Q4 results live: Key highlights from investor presentation

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April 18, 2026 10:39
Info tech

Mastek Q4 results live: Highlights

Q4FY26 revenue at Rs 938.0 crore, up by 3.6% Y-o-Y

• Continued strong momentum with 25+ new AI deals in quarter

• 12 months order backlog grew by 24.4% Y-o-Y in rupee terms

• Proposed Final Dividend of Rs 16 per share, cumulating to 480% for FY26
April 18, 2026 10:11
Quarterly results

Jio Q4 results live: Q4 profit dips

Jio Financial Services Q4 net profit dips 14%

Jio Financial Services reports 14% net profit decline in Q4, appoints new Group CFO, and sees significant income growth.
April 18, 2026 09:59
Quarterly results

Q4 results live: Key results to watch for | Results calendar | HDFC, ICICI, Yes Bank Q4 results today

Q4FY26 Results Calendar: Key results to watch!

Here is a date-wise list of key companies scheduled to report their earnings in April and May

READ MORE
April 18, 2026 09:25
Finance

Q4 results live today: HDFC Bank, ICICI Bank set for steady Q4 gains on loan growth, lower credit costs

HDFC Bank and ICICI Bank are likely to post solid fourth-quarter earnings, driven by robust growth in advances and easing credit costs. Brokerage estimates suggest HDFC Bank, the country’s largest private sector lender, could deliver net profit growth of around 6–11 per cent year-on-year in Q4FY26, while ICICI Bank, the second largest, may see a more modest rise of 1–3 per cent. Projections from YES Securities and Systematix Research place HDFC Bank’s net profit at ₹18,640 crore, up about 6 per cent, and ₹19,513 crore, up roughly 11 per cent. For ICICI Bank, the same firms estimate net profit at ₹13,040 crore, reflecting about 3.2 per cent growth, and ₹12,721 crore, indicating an increase of around 1 per cent.
April 18, 2026 09:11
Quarterly results

Jio Financial Services Q4 results live: Q4 profit dips

Jio Financial Services on Friday reported a 14 per cent decline in consolidated net profit to Rs 272 crore for the March quarter of 2025-26 due to higher expenditures.

The company had a net profit of Rs 316 crore for the January-March quarter of 2024-25.

Its total income nearly doubled to Rs 1,020 crore in the January-March quarter of FY26 from Rs 518 crore in the corresponding period of FY25 . (PTI)

Published on April 18, 2026

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Indian ships reverse course in Hormuz strait, vessel tracker says

by Hansraj Agrawal | Apr 18, 2026 | Business

Two Indian vessels have had to reverse course in the Strait of Hormuz following reports of gunfire from Iran’s Revolutionary Guard, a vessel-tracker said.

TankerTrackers.com said the vessels include an Indian-flagged super tanker, carrying 2 million barrels of Iraqi oil.

Earlier, the British military said two gunboats from Iran’s Revolutionary Guard opened fire on a tanker transiting the Strait of Hormuz after Iran said it had reimposed restrictions on the vital waterway.

The United Kingdom Maritime Trade Operations Centre said the tanker and crew were reported safe, without identifying the vessel or its destination.

Iran said earlier it was reimposing restrictions on the strait in response to a US blockade on Iranian shipping and ports. Iran has prevented vessels from crossing throughout the seven-week-long war, except for ones it authorises.

Published on April 18, 2026

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SIP stoppage ratio crosses 100% as market volatility hits investors

by Hansraj Agrawal | Apr 18, 2026 | Business

India’s SIP stoppage ratio crossed 100% for the first time in 11 months, as market volatility and negative short-term returns led investors to pause or exit investments.

The Systematic Investment Plan stoppage ratio last month crossed 100 per cent for the first time in the last 11 months, as volatile markets made investors jittery, with one- and two-year SIP returns turning negative in the last few months.

The number of SIP accounts stopped or matured increased to 53.38 lakh, against 52.82 lakh new SIP accounts opened last month, according to Association of Mutual Funds of India data.

Interestingly, the SIP stoppage ratio in February was 76 per cent, with 49.70 lakh accounts stopped, while 65.72 lakh new accounts opened.

Market fall triggers investor panic

Jeevan Kumar KC, Head – Investment Advisory Services, Geojit Financial Services, said markets over the last two months have dipped 16 per cent, leading to widespread SIP stoppages as investors panicked amid returns from popular SIP categories such as small, mid and flexi caps dwindling over a one- to two-year time frame.

Investors should stay calm and aim to accumulate more units during bad times to reap the real benefit of compounding in inevitable bear markets, he added.

Annual trends and regulatory impact

In the financial year ending March, the stoppage ratio has hit a new high of 95 per cent, as the industry closed 162.32 lakh accounts last April, as per SEBI’s direction to shut down accounts that had remained paused for three consecutive months.

In FY25, the stoppage ratio in the industry was 76 per cent, with 514.17 lakh accounts closed and 679.85 lakh accounts opened.

Despite the stoppage, SIP inflows increased 21 per cent last fiscal to ₹3.50 lakh crore, up from ₹2.89 lakh crore in FY’25.

Outlook remains positive despite volatility

However, markets have shown positive signs since the start of this month, with early signs of peace returning in West Asia.

Aditya Agrawal, Chief Investment Officer at Avisa Wealth Creators, said the rise in the SIP stoppage ratio reflects short-term volatility and some investors pausing contributions amid recent market corrections, rather than a structural slowdown in systematic investing.

The recent market rebound may be followed by intermittent volatility, but India’s structural growth story and earnings trajectory remain supportive. For long-term investors, staying invested through SIPs during corrections often improves average purchase cost and future return potential, he added.

Published on April 18, 2026

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ICICI Bank Q4 net profit up 8.5% on lower provision

by Hansraj Agrawal | Apr 18, 2026 | Business

FILE PHOTO: FILE PHOTO: ICICI bank
| Photo Credit:
FRANCIS MASCARENHAS

ICICI Bank reported an 8.5 per cent increase in net profit for the March quarter while total income rose 1.8 per cent on year.

The private lender’s net profit for the fourth quarter came in at ₹13,701.7 crore on total income of ₹50,584.4 crore.

Net interest income was ₹22,979 crore compared to ₹21,193 crore in the year ago period.

Interest earned rose just about 2 per cent during the quarter.

Provisions fell steeply to ₹96 crore from ₹890.7 crore in the year ago period, leading to a rise in the profitability.

The bank also approved annual renewal of fund raising limits via issue of debt securities in the domestic markets up to ₹25,000 crore and up to $1.5 billion in the overseas markets.

The board also declared a dividend of ₹12 per share.

Published on April 18, 2026

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