iWorld
Google India unveils new initiative for SMBs
MUMBAI: In a bid to provide deeper engagement to small medium businesses (SMBs), who are looking to gain from the rising Internet user base in the country, Google India has launched a new initiative called Google Advantage.
The initiative will entail Google hosting an offline symposium to educate small medium businesses on the benefits of the Internet and also provide one-on-one consultation on how to use the latest online tools and technologies and meet their business objectives.
Speaking about the initiative, Google India head of small medium business marketing Sapna Chadha said, “Small and medium businesses in India have been a strategic focus for Google. In the last four years, we have rolled out several initiatives that are aimed to equip small medium businesses to get an online presence and use the digital platform to grow their business. With this initiative, we wanted to provide SMBs a platform to get direct access to Google and gain through deeper engagement and one-on-one consultations. We expect over 4000 small medium businesses to attend the program this week.”
The initiative in Delhi will be executed in partnership with Google agency partners IPG Mediabrands.
IPG Mediabrands CEO Shashi Sinha said, “We’re delighted to partner with Google for this initiative. Google Advantage is a great platform for small medium businesses to connect and learn about the scope of online medium. There is a huge potential for modernization and adoption of newer marketing technology amongst SMBs in India to grow their business.”
Out of the estimated 51 million small medium businesses, only five – six per cent have online presence. Studies done by Google indicate that at least 20 per cent of India’s SMBs are already equipped with the infrastructure to leverage technology but need the help of digital experts to help them navigate some of the complexities of navigating the constantly changing digital landscape.
The initiative is designed to help small medium businesses get first hand information from Google in a format that will encourage SMBs to share their challenges and learn directly from Google experts. The event will be held in Delhi from 7 – 12 September, 2015 and extend to more cities basis the feedback.
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.
