iWorld
OTT: VEQTA is exclusive Major League Baseball partner for India
MUMBAI: In what could be the best news for baseball fans in India, VEQTA, India’s only digital broadcast network (OTT) dedicated to sports, has announced its partnership with Major League Baseball (MLB), the world’s top baseball league from USA. With this first of its kind multi-year partnership, VEQTA will give baseball fans in India access to an all-new never seen before content experience.
This partnership between one of the world’s most iconic sports leagues and India’s next generation sports platform will help build a larger fan base for baseball in the region. VEQTA will be the official home of Major League Baseball in India with exclusive long term OTT rights. VEQTA will serve the widest offering of MLB games ever in India, with over 20 live games each week during the regular season (April through September); and full coverage of the league’s “Jewel Events” — All-Star Game (July), Wild Card Games, Division Series, League Championship Series, and the World Series (October/November).
MLB and VEQTA will also launch a variety of initiatives together to build the sport further in the country including promotional activities, events, fan activation and engagement.
VEQTA, with its key partnerships with global sports bodies, will additionally serve over 6000 hours of live sports content in 2017 across Tennis, Fight Sports, Motorsports, Football, Basketball, Rugby, Athletics, and of course Baseball.
VEQTA co-founder & director Vikram Tanwar said, “Baseball has a niche audience here and we wish to grow it further. Through this partnership, Indian baseball fans will have access to exclusive baseball content not available in its entirety on any other platform. VEQTA is proud to bring this experience to India and assert our commitment to offer the best sports content from across the globe to Indian fans.”
MLB is amongst the largest league systems by revenue across any sport. It is also the world’s biggest league by total attendance with over 73 million fans attending MLB games in 2016.
Major League Baseball VP – international media sales and marketing partnerships Dominick Balsamo said, “MLB on VEQTA will serve Indian baseball fans with comprehensive coverage of the league from Opening Day through the World Series, and present the game on an exciting platform that promises to attract new baseball fans and players in India.”
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.
