Navi Finserv Q4FY26 Profit Surges 344% to ₹135 Crore; FY26 Net Profit Up 32% on Tech‑LED Lending Scale

Navi Finserv Limited reported a strong improvement in profitability for the quarter and financial year ended March 31, 2026, reflecting continued focus on portfolio quality, disciplined underwriting, collections efficiency and technology-led operational scale across its lending business.

For Q4 FY26, standalone net profit rose 344.54% year-on-year to ₹134.83 crore, compared to ₹30.33 crore in the corresponding quarter last year. Revenue from operations for the quarter increased 44.06% year-on-year to ₹738.19 crore.

For the full financial year FY26, standalone net profit rose 31.64% to ₹292.21 crore, while annual revenue from operations grew 8.36% to ₹2,461 crore.

Commenting on the performance, Abhishek Dwivedi, MD & CEO, Navi Finserv Limited, said: “Over the last few years, we have stayed focused on building a financial services business with strong operating fundamentals and long-term sustainability at its core. Our performance reflects continued discipline across underwriting, collections, risk management and execution efficiency. As the financial ecosystem matures, we believe institutions that combine technology, responsible growth and operational discipline will be best positioned to build durable customer trust over time.”

Over FY26, Navi Finserv continued investing in technology infrastructure, automation and data-led underwriting capabilities to improve customer experience and operational efficiency across its lending platform.

India’s financial services ecosystem continues to see strong structural tailwinds driven by increasing formalisation, deeper digital adoption and broader access to credit. Navi Finserv believes these shifts will continue creating long-term opportunities for technology-led financial institutions focused on sustainable scale and responsible growth.

About Navi Finserv:

Navi Finserv is an NBFC registered with RBI and categorized as an ‘NBFC-middle layer’ pursuant to Scale Based Regulations and a wholly owned subsidiary of Navi Limited (formerly Navi Technologies Limited).

Navi Limited (formerly known as Navi Technologies Limited) is a digital-first financial services company on a mission to make finance simple for every Indian. As one of India’s fastest-growing financial destinations, Navi offers an easy-to-access suite of financial services (directly and through partners) including loans, insurance, mutual funds, and UPI payments.

With millions of users across the country, Navi combines in-house technology with deep consumer insight to create financial solutions that are intuitive, accessible, and reliable. Navi serves customers across their financial journeys with a single, integrated experience.

Headquartered in Bengaluru, Navi is committed to building a modern financial destination that is built on transparency, speed, and trust.

For more information, visit: https://navi.com

Andhra Pradesh Unveils ~ ₹22,000 Cr Green Energy Corridor to Integrate 18 GW into Grid

The Andhra Pradesh Government is taking significant steps to strengthen the state’s power infrastructure by establishing a Green Energy corridor and expanding the electricity transmission network. As part of Green Energy Corridor Phase-III, proposals worth nearly Rs 22,000 crore have been prepared to integrate 18 GW of green energy into the main power grid.

Reviewing on power sector at Secretariat today Chief Minister N Chandrababu Naidu enquired on measures being undertaken to expand the transmission network under the Green Energy Corridor. Officials informed the Chief Minister that steps are being taken to connect approximately 18 GW of green energy to the main grid under Green Energy Corridor Phase-III.

The proposed integration includes 11 GW of solar power and around 7 GW generated through pumped storage projects. To support this, the government plans to lay 2,261 km of new transmission lines and establish five major pooling stations with a combined capacity of 9,500 MW.The pooling stations are proposed at Mudigubba, Talupula, Ramayapatnam, Porumamilla and Koppaka.

The Chief Minister stated that Andhra Pradesh has set a target of generating 160 GW of green energy, accordingly, power infrastructure must be developed to meet future requirements. He noted that the Green Energy Corridor would be highly beneficial in supplying power to upcoming data centres in the state and would significantly enhance investment opportunities across sectors.

The review also covered implementation of PM Surya Ghar and PM-KUSUM schemes, along with progress in solarization of government buildings.

Officials informed the Chief Minister that the solarization process for government buildings, with a capacity of 200 MW, has already begun. The programme is being implemented through the RESCO model, with solar panel installations under the net metering system.

As part of a pilot initiative, 78 Gurukul schools and hostels in Chittoor district have been selected. Further, 2,898 schools and hostels have been identified for solarization to transform them into Net Zero and healthy campuses.

The Chief Minister observed that increased solar energy usage in government offices and schools would substantially reduce the electricity burden on the state and directed officials to focus intensively on implementation.

Officials informed that Andhra Pradesh currently ranks fourth in PM Surya Ghar implementation and the Chief Minister instructed departments to strive for the top position.

He also directed officials to complete installation of solar panels in the remaining SC and ST households by the end of August, after already covering 1,35,821 homes. Additionally, under a subsidy programme for BC communities, the government aims to install solar panels in 10 lakh homes with Rs 20,000 subsidy support and officials directed to expedite implementation.

The Chief Minister also instructed officials to accelerate the establishment of EV charging stations across the state. Officials informed that the process for setting up 577 EV charging stations at 131 locations has already commenced.

Officials also presented initiatives being undertaken with support from ‘Pravah’, an organisation associated with Stanford University, along with an Artificial Intelligence Lab, to reduce technical power losses in the AP Eastern Power Distribution Company (APEPDCL) region.

They informed the Chief Minister that Andhra Pradesh is developing the country’s first Digital Twin Grid for power supply management.

Officials further briefed the Chief Minister on electricity demand projections. Between June and November 2026, peak power demand in the state is expected to reach 12,226 MW, while daily demand may range between 226 and 261 million units.

Officials stated that on May 21, the state recorded a peak demand of 15,016 MW, while electricity consumption till May 27 stood at 7,060 million units. Compared to 2025, electricity consumption during April–May 2026 increased by 14.48% to 16.77%, they said.

A delegation from the World Economic Forum (WEF) met Chief Minister Chandrababu Naidu to discuss the implementation roadmap for the country’s first Thematic Centre for the Fourth Industrial Revolution (C4IR) established isn Andhra Pradesh.

An agreement had earlier been signed between AP Transco and the WEF for setting up the C4IR. The centre will undertake studies in areas such as green energy, energy transition and cyber resilience.

The Chief Minister stated that Andhra Pradesh should emerge as a global hub for green energy, digital transformation and cybersecurity.

The Chief Minister instructed that C4IR should function with a results-oriented approach and directed officials to ensure Andhra Pradesh reaches a stage where its progress can be showcased at the next Davos summit.

Minister Gottipati Ravi Kumar, Chief Secretary G Sai Prasad and senior officials from AP Transco, Genco and DISCOMs participated.

Moon’s Hidden Ice Revealed: Chandrayaan‑2 Uncovers Subsurface Water at Lunar South Pole

Representative Image

ISRO’s Chandrayaan‑2 orbiter has provided strong evidence of buried water‑ice beneath the Moon’s south polar craters, especially inside the 1.1 km‑wide Faustini crater, using advanced radar scans. This breakthrough could be crucial for future lunar missions, resource utilization, and even human habitation.

The Dual Frequency Synthetic Aperture Radar (DFSAR) on the Chandrayaan‑2 orbiter is a special radar camera that uses microwave signals to study the Moon. It works in two frequency ranges called L‑band and S‑band and is the first radar of its kind to give a complete picture of the Moon’s surface.

Scientists used it to study “doubly shadowed craters” — deep holes inside areas that never get sunlight. Because these places stay extremely cold (around ‑248°C), they can hold water‑ice for billions of years, making them important for future space missions.

Key Findings

India’s lunar exploration programme has achieved another significant scientific breakthrough, with scientists analysing Chandrayaan-2 data finding strong evidence of subsurface water-ice beneath craters near the Moon’s South Pole.

The discovery, made using the Dual Frequency… pic.twitter.com/jJ2OwNl9is

— PB-SHABD (@PBSHABD) May 29, 2026

• Instrument Used: Dual Frequency Synthetic Aperture Radar (DFSAR), the first fully polarimetric radar system to study the Moon.
• Location: Permanently shadowed regions (PSRs) near the south pole, where temperatures drop to ~25K (‑248°C).
• Evidence: Radar polarimetric analysis showed Circular Polarization Ratio (CPR > 1) and Degree of Polarization (DOP < 0.13) — signatures consistent with subsurface ice.
• Strongest Signal: A 1.1 km crater inside Faustini displayed lobate‑rim morphology, suggesting an impact penetrated subsurface ice.

Why It Matters

• Future Missions: Buried ice could supply drinking water, oxygen, and rocket fuel, reducing dependence on Earth launches.
• Global Space Race: The Moon’s south pole is already a prime target for NASA’s Artemis program and other international missions.
• India’s Role: This discovery strengthens ISRO’s position as a key player in global lunar exploration, complementing Chandrayaan‑3’s success and India’s Space Vision 2047 roadmap.

Technical Insights

Feature	Details
DFSAR Radar	Operates in L‑ and S‑bands, penetrates up to 2 meters below surface.
Target Regions	“Doubly shadowed craters” — craters inside larger PSRs, never exposed to sunlight.
Temperature	~25K (‑248°C), ideal for preserving ice for billions of years.
Detection Method	CPR & DOP values distinguish ice from rocky terrain.

Challenges Ahead

• Extreme Cold: Equipment must withstand temperatures near absolute zero.
• Accessibility: Ice is buried beneath crater floors, not easily scoopable.
• Verification: Future missions must confirm deposits with direct sampling.

📸 Visual Context

Mitsubishi Chemical Forms AI Joint Venture with Accenture to Transform Operations

Mitsubishi Chemical Corporation and Accenture have launched a new joint venture, RIX Business Partners, to drive AI‑enabled reinvention of corporate operations in Japan. The venture, established on May 1, 2026, will focus on embedding AI into administrative and facility management functions, aiming to boost productivity and sustainability across Mitsubishi Chemical’s offices and manufacturing sites.

Key Highlights of the Joint Venture

• Company Name: RIX Business Partners Corporation
• Date of Establishment: May 1, 2026
• Headquarters: Palace Building, 1‑1‑1 Marunouchi, Chiyoda‑ku, Tokyo
• Equity Structure: Mitsubishi Chemical (81%), Accenture (19%)
• Employees: 255 as of May 1, 2026
• Representative: Shinichi Nakata
• Business Activities: Business support services, including facility management and administrative services

Strategic Objectives

• AI‑Enabled Digital Platform: Build a next‑generation platform to standardize and streamline corporate functions such as general affairs, administrative services, and facilities management.
• Productivity Enhancement: Embed AI into daily operations so employees can focus on higher value‑added tasks in business and manufacturing.
• Sustainability: Create long‑term enterprise value by enhancing visibility, cross‑site management, and adaptability to workforce changes.

Leadership Perspectives

• Isao Yano (Mitsubishi Chemical): Highlighted the philosophy of “connecting” capabilities across operations, people, and data, with a focus on maximizing human capital.
• Mitsuru Nagata (Accenture): Stressed the need to move beyond incremental change, combining operational reassessment with AI to establish new ways of working.

Industry Context

Japan’s chemical industry faces persistent challenges in productivity improvement amid demographic shifts and workforce changes. By partnering with Accenture, Mitsubishi Chemical is aligning with global trends of AI‑driven operational transformation, positioning itself to remain competitive in a rapidly evolving industrial landscape.

Implications

• For Mitsubishi Chemical: Enhanced operational efficiency, sustainability, and workforce adaptability.
• For Accenture: Strengthened presence in Japan’s industrial sector and demonstration of expertise in AI‑enabled reinvention.
• For the Industry: A potential model for other Japanese firms seeking to balance productivity with sustainability through digital transformation.

Development Bank of Japan Makes First India Real Estate Bet with HDFC Capital’s $500M H‑DREAM Fund

Development Bank of Japan Inc. (DBJ) has made its first real estate investment in India, committing capital to HDFC Capital Development of Real Estate Affordable and Mid-Income Fund (H-DREAM Fund), managed by HDFC Capital Advisors Limited, the real estate private equity arm of the HDFC Group.

HDFC Capital is one of India’s largest real estate private equity funds, with a focus on affordable and mid-income residential real estate. Its funds combine to create a platform in excess of US$4.5 billion. The H-DREAM Fund has a target fund corpus of US$500 million with a greenshoe of US$500 million, with current investor commitments in excess of US$350 million.

The investment by DBJ in H-DREAM Fund marks a significant milestone in DBJ’s international investment strategy. H-DREAM Fund is among the first real estate funds globally to champion the development of green, affordable and mid-income housing.

H-DREAM Fund finances projects that prioritise affordable and mid-income housing, while implementing the Excellence in Design for Greater Efficiencies (EDGE) green building framework, in line with global sustainability standards.

Deepak Parekh, Non-Executive Chairman, HDFC Capital, said, “The India–Japan relationship is a trusted partnership based on strong institutional cooperation. India has seen increased participation by Japanese investors in its financial and real estate sectors. As a government-owned institution, DBJ’s first investment in real estate in India is significant for us and reinforces long-term investor confidence in the country.”

DBJ’s view: Through this investment, DBJ will support the sustainable development of the Indian real estate market, which is facing a housing shortage, while securing investment opportunities in India’s high growth market and further enhancing the geographic diversification of the Bank’s overseas real estate portfolio.

“We are delighted to partner with DBJ in its first real estate investment in India. HDFC Capital’s focus on early-stage financing for quality affordable and mid-income housing positions it well to deepen engagement with investors committed to diversification and sustainable development,” said Vipul Roongta, CEO, HDFC Capital.

DBJ’s investment in H-DREAM Fund is made through HDFC Capital’s offshore feeder fund structure, established under the International Financial Services Centres Authority (IFSCA) framework at Gujarat International Finance Tec-City (GIFT City), India’s international financial hub.

H-DREAM Fund’s adoption of IFC’s E&S Performance Standards and EDGE Green Building Framework ensures sustainability gets embedded in every project.

About DBJ

Development Bank of Japan Inc. (DBJ) is a Japanese financial institution that provides integrated investment and loan services to companies and projects. DBJ traces its origins to Japan Development Bank and Hokkaido-Tohoku Development Finance Public Corporation, established in 1951 and 1956, respectively, and was reorganized as Development Bank of Japan Inc. in 2008.

Headquartered in Tokyo, DBJ supports sustainable development in Japan and around the world through a broad range of financial solutions, including long-term loans, mezzanine financing and equity investments.

DBJ is wholly owned by the Japanese government and maintains overseas subsidiaries in Singapore, London, Beijing and New York.

Visit https://www.dbj.jp/en/ for more information.

About HDFC Capital

HDFC Capital, a subsidiary of HDFC Bank Limited, is the real estate private equity arm of the HDFC Group. HDFC Capital is focused on financing the development of affordable and mid-income homes in a sustainable manner. HDFC Capital also seeks to promote innovation and the adoption of new technologies within the real estate sector by investing in and partnering with technology companies. HDFC Capital is the investment manager to multiple SEBI-registered and IFSCA-registered Category II Alternative Investment Funds. These funds combine to create a platform of over US$4.5 billion.

Visit www.hdfccapital.com for more information.