CaratLane Store Opening: CaratLane has announced plans to expand its footprint across the country. CaratLane said that it will open at least 40 new stores in the financial year 2027 (FY2027).

CaratLane is a Tata Group-backed jewellery brand.

Out of the target of 40 CaratLane store openings, 10 per cent will be owned directly by the company.

At present, CaratLane has almost 50 stores in operation in the country. Out of 50 CaratLane stores, about 13 per cent are company-owned.

CaratLane Store Opening: MD Speaks

According to Saumen Bhaumik, MD, CaratLane, the company expects to add around 40 stores next year (2026-27). However, the company will not be in a hurry to open new stores.

Saumen Bhaumik said that CaratLane store openings will start from the second quarter (Q2FY2027).  

Avenir Investment To Acquire Sammaan Capital

“In the first quarter, we will focus on exploring stores and in the second quarter, we will start the expansion for FY27. Around 10 per cent of these new stores will be owned by the company,” Saumen Bhaumik said.

Saumen Bhaumik said that CaratLane store openings will be more focused in the north, east and the south. In the west, CaratLane will open a few stores.

CaratLane Store Opening 

CaratLane reported a revenue of Rs 3,983 crore in FY25. CaratLane expects to close FY2026 with high double-digit growth.

CaratLane is also exploring options to open  new stores overseas. 

“For further overseas presence, the company is exploring countries in West Asia,” Saumen Bhaumik said.

CaratLane has three manufacturing units, two in Mumbai and the third one in Chennai.

Kotak Mahindra Bank Scam: One person has been arrested in connection with the Kotak Mahindra Bank Panchkula FDR scam (fixed deposit receipts).

The arrested man has been identified as Dileep Kumar Raghav, an employee of Kotak Mahindra Bank.

Dileep Kumar Raghav was the relationship manager in Kotak Mahindra Bank at the time of the start of the scam.

Dileep Kumar Raghav was arrested by Haryana's State Vigilance and Anti-Corruption Bureau. This is the first arrest made in connection with the discrepancies in Panchkula Municipal Corporation's fixed deposit receipts of nearly Rs 150 crore at the Kotak Mahindra Bank branch. He was arrested on Wednesday (March 25, 2026).

According to reports, the accused Dileep Kumar Raghav had sent false reports to the Panchkula Municipal Corporation regarding the fixed deposits after conspiring with key accused.

Notably, the scam was unearthed after Panchkula Municipal Corporation claimed a multi-crore mismatch in its official records and the balance or records reflected in Kotak Mahindra Bank's Panchkula branch. The discrepancies detected in the Fixed Deposit Receipts (FDR) were to the tune of Rs 150 crore.

The State Vigilance and Anti-Corruption Bureau (SVACB) then filed an FIR on cheating, conspiracy and other charges against unnamed bank officials and others.

Municipal Commissioner Vinay Kumar has been maintaining 16 fixed deposits amounting to Rs 1,45,03,41,704 (over Rs 145 crore) with a maturity value of Rs 1,58,02,36,420 (over Rs 158 crore) in Kotak Mahindra Bank's Sector 11 Panchkula branch. Out of these, 11 fixed deposits amounting to Rs 59,57,67,709 (over Rs 59 crore) had matured on February 16, 2026.
 

RCB Owner Name 2026: A consortium of Aditya Birla Group has acquired IPL team Royal Challengers Bangalore (RCB) from United Spirits Ltd (USL). The consortium, which also included The Times of India Group, Bolt Ventures and Blackstone, has taken over the IPL franchise in a Rs 16,660 crore all-cash deal.

United Spirits in a regulatory filing on Tuesday (March 24), said that the company has entered into definitive agreements for the sale of the 100 per cent equity stake held in Royal Challengers Sports Private Ltd (RCSPL) to a consortium comprising Aditya Birla Group (ABG), The Times of India Group (Times), Bolt Ventures (Bolt), and Blackstone's perpetual private equity strategy, BXPE (Blackstone).

Royal Challengers Sports Private Ltd was a wholly owned subsidiary of United Spirits.

"The all-cash transaction is for a total consideration of Rs 16,660 crore," United Spirits, which is a part of multinational alcoholic beverages company Diageo, said.

Royal Challengers Sports Private Ltd owns and operates IPL team Royal Challengers Bengaluru (RCB). RCB participates in the Indian Premier League (IPL) and Women's Premier League (WPL).

In November 2025, United Spirits had said that it would conduct a strategic review of its investment in Royal Challengers Sports Private Limited (RCSPL).

RCB, the team which had India's cricket star Virat Kohli, won its first Indian Premier League in 2025. Its home ground is M Chinnaswamy Stadium. RCB was the runner-up on three occasions -- 2009, 2011, and 2016.

RCB was one of the founding teams of the IPL, which was founded in 2008 by its previous owner Vijay Mallya. It came into the fold of Diageo after it took over Mallya's liquor business, United Spirits Ltd.