iWorld
Chingari, Scope Entertainment collaborate to promote budding artists
Mumbai: On-chain social app, Chingari, powered by Gari, has announced a partnership with Scope Entertainment. As a part of this arrangement, Scope Entertainment’s content library will be available to the Chingari community and will enable its creators to create content. These new-age songs from Scope Entertainment will be promoted by Chingari to increase their exposure. This will be accomplished by utilising 360-degree promotions for all their tracks and promoting their upcoming musicians via Chingari’s other avenues like Chingari Gupshupp, Kahi Unkahi audio session or Chingari Live interviews.
Chingari is a short video app that allows users to create and share videos. Chingari has introduced Gari Tokens and a Gari Wallet, thereby establishing the creator’s economy.
Meanwhile, Scope Entertainment is a destination that caters to all aspects of music and entertainment, including production, artist management, brand building, distribution, international events, and IP festivals. Their industry specialists and leaders are actively involved in managing and growing in-house talent/artists through services like music production, promotion, digital distribution, and social media marketing. Some of the most affluent names that have been associated with Scope Entertainment include AP Dhillon (The Takeover Tour), Jasmine Sandlas, Diljit Dosanjh (Born to Shine-India Tour), and Lil Pump (Time Stamp). They also exclusively manage celebrated artists like Simran Kaur Dhadli, Ashish Bhatia, Kaka Ji, Nav Sandhu and more from the Punjabi music scene.
Scope Entertainment is launching four new artists this year, including Rawme Hooda, Agam Aulakh, and Jaymeet, under their upcoming record label and as part of their management.
Chingari co-founder & CEO Sumit Ghosh remarked, “We are delighted to have Scope Entertainment as our valued partners. This partnership brings original content from new and upcoming artists to our creators. Nurturing and promoting upcoming talent has been one of the core beliefs at Chingari, and we will continue to do that along with making our content library even more exhaustive for our 160M+ creators and users.”
Scope Entertainment CEO Ajay Bansal said, “Our core vision is to emerge as the revolutionary leaders of the entertainment world. Our intention is to volte-face the traditional culture of show business, to rewrite a brand-new inspiring tale, and we have managed to find an ideal match with Chingari. Through its extensive reach and strong monthly active user community across tier II, III, and metros alike, Scope Entertainment’s content will travel far and wide. We’re looking forward to amplifying our reach and connecting with a larger fanbase by utilising the platforms’ popularity.”
Chingari recently introduced Chingari Audio Rooms, through which fans can interact directly with the stars. It also has show formats such as Gupshupp and Chingari Live, through which the platform will be promoting Scope Entertainment’s content and shows.
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
