The revenue from operations declined 7.6% year-on-year from 7,767.1 crore to Rs 7,173.1 crore in the first quarter of fiscal year 2025. Earnings before interest, tax, depreciation, and amortization (EBITDA) grew two times year-on-year to Rs 453.08 crore. The company’s export revenue stood at Rs 53.33 crore, catering to 22 countries.
The Supreme Court has issued notice on a public interest litigation (PIL) challenging the cancellation of the NEET Super Specialty (NEET SS) exam for 2024. Chief Justice D.Y. Chandrachud's bench has granted the petitioner the right to include the National Board of Examinations (NBE) in the case. The PIL argues that the cancellation, allegedly to accommodate NEET PG students, affects the exam's scheduled date, which is now set for January next year.
In UP bypolls, Yogi Aditynath assigns ministers due to BJP’s internal issues. Key seats: Karhal, Milkipur, Katehari, Majhawan. Other seats: Kundarki vacated by Zia-Ur-Rahman Barq, Khair by Anoop Singh, and Ghaziabad by Atul Garg. Opposition includes SP's Tej Pratap Yadav. BJP aims to regain voter trust through strategic campaigning.
Days before the Democratic National Convention, Joe Biden once again made the gaffe of forgetting the name of his Secretary of Defense Lloyd Austin and referred to him as a "Black man". Earlier he denied suffering cognitive issues and refused to pull out the US Presidential Election 2024.
Andhra Pradesh Chief Minister N. Chandrababu Naidu is pushing the Union government for budgetary support for two key projects: the development of eight backward districts and funding for the Polavaram irrigation project. While Naidu has been assured of grants for these initiatives, support for developing Amaravati as the state capital remains pending due to the need for a detailed project report. Naidu, who visited Delhi twice recently, seeks ₹12,000 crore for Polavaram, a project declared a national priority in 2014. Читать дальше...
A global tech outage on Friday, caused by a software update from cybersecurity firm CrowdStrike, led to disruptions in various industries, including travel, finance, and healthcare. The incident highlighted the risks associated with the increasing dependence on interconnected technologies. Major companies and institutions, such as Microsoft and airlines, were affected, with thousands of flights canceled and services disrupted. While some services were gradually restored, experts emphasized the complexity... Читать дальше...
PM Hasina enforced a curfew and army deployment due to student protests over job quotas, driven by unemployment and economic issues. Protests halted trains, disrupted telecommunications. EU and U.S. concerned over 40+ deaths and violent clashes. Independence-era terms, media restrictions, and widespread violence are noted, marking the largest unrest since her re-election.
Commerce and industry minister Piyush Goyal is expected to attend the BRICS trade ministers' meeting in Moscow on July 26. India and Russia aim to reach a $100 billion bilateral trade by 2030, with India exporting a range of products and Russia importing oil and petroleum products.
Union Agriculture Minister Shivraj Singh Chouhan faced a two-hour delay at Lucknow airport due to a server issue. Scheduled to leave for Delhi in the evening, he experienced extensive flight cancellations and delays along with the public, caused by a global Microsoft server problem.
The Ballon D' Or will yet again go this year to the overall best player in the world, who has excelled in the sport in all aspects. It takes into account everything from club performances, Euro Cup, Copa America, FIFA World Cup, and other international tournaments. Who is most poised to win the Ballon D' Or 2024?
Several Indian banks, including IndusInd Bank, are planning to raise significant funds through equity and debt routes to strengthen their balance sheets and support expansion. This move is seen as necessary to meet regulatory requirements and drive credit growth in the banking sector.
CFM acquired GMR Rajahmundry Energy's debt from Edelweiss ARC on June 30. Edelweiss bought ₹458 crore debt from IDFC Bank in 2018. Unmet return expectations led to Edelweiss exiting. Regulations permit ARC transfers only to another ARC. GMR restructured ₹2,353 crore debt, with a ₹395 crore equity infusion and a 9% floating rate over 20 years.
Lifestyle changes may be able to save up to 50% of cancer-related deaths and 40% of cases, according to a recent ACS study. The significance of prevention and early detection measures is underscored by modifiable risk factors such as obesity, nutrition, and smoking.
During a two-day core committee meeting in Mumbai, the Bharatiya Janata Party (BJP) discussed the need to contest 170-180 seats in the upcoming Maharashtra assembly elections. This has stirred tensions with allies: Shiv Sena wants 100 seats, and the Ajit Pawar faction of the Nationalist Congress Party (NCP) seeks 80-100 seats. The BJP, currently holding 105 seats in the 288-member assembly, faces challenges from seat distribution disputes, similar to issues in the recent Lok Sabha polls. The BJP... Читать дальше...
India is set to launch an online platform for registering and resolving non-tariff barriers (NTBs) faced by exporters in the next 2-3 months. The portal will cover three areas: sanitary and phyto-sanitary measures (SPS) and technical barriers to trade (TBT). It is significant as India's agricultural exports fell by 3% in the first quarter.
The country’s largest steelmaker produced 6.35 million tons of steel at a consolidated level during the quarter, down 1% from the previous year and 6% sequentially due to planned maintenance shutdowns at Dolvi and Bhushan Power. As a result, capacity utilization at its operations in India stood at 87% during the quarter, compared to 92% a year ago.
During the Monsoon Session of Parliament from July 22 to August 12, six new bills will be introduced. Key legislation includes the Finance Bill, the Bhartiya Vayuyan Vidheyak 2024 to update aviation laws, and amendments to the Disaster Management Act. Additional bills aim to replace outdated laws on boilers and promote coffee and rubber industries. Finance Minister Nirmala Sitharaman will present the Union Budget on July 23. The Business Advisory Committee, led by Speaker Om Birla, will finalize the session's agenda.
Li Jun Li joins Nicolas Cage in Spider-Noir, a new series based on Spider-Man Noir. The series, set in 1930s New York, follows a private investigator who was once the city's superhero. It will debut on MGM+ and Prime Video.
The directive by UP police for eateries to display owners' names has triggered backlash from NDA allies, opposition parties, and officials. Uttarakhand also implements a similar order for safety reasons. Political parties are divided on the interpretation and motives behind the controversial decision, leading to heated debates.
The National Company Law Appellate Tribunal (NCLAT) dismissed Terra Projects Pvt Ltd's application for modification of its October 2018 order, preventing the company from initiating recovery proceedings against IECCL for ₹150 crore. The tribunal ruled that the Supreme Court has not interfered with the NCLAT order, and Terra Projects' plea for modification was bound to be rejected.
Earlier this week, when this milestone was reached, Modi said on X: "A hundred million on @X! Happy to be on this vibrant medium and cherish the discussion, debate, insights, people's blessings, constructive criticism and more."
Bel-Air Season 3's trailer reveals new challenges for the Banks family. Will and Carlton face summer job hurdles, Lou's return disrupts the family, and unexpected appearances add to the drama.
The Lokpal rejected a plea for a probe against PM Modi over remarks on Congress and industrialists. Jairam Ramesh questions PM's accountability for alleged lies. Complaint based on fictional facts dismissed by Lokpal.
The Indian government plans to amend the MSME Development Act, 2006, to expedite payments to MSMEs with a more effective 45-day rule and online dispute resolution for overdue payments. Buyers will owe interest at three times the RBI's rate if they miss the payment window. Additionally, the amendments will incorporate energy efficiency, decarbonisation, and updated income tax provisions. Centres of excellence will be established to enhance MSME exports by addressing information gaps and promoting... Читать дальше...
The Central Board of Direct Taxes (CBDT) has extended tax exemption for sovereign wealth funds and pension funds in India until March 31, 2025. The exemption allows these funds to claim tax benefits on dividend income, interest income, and long-term capital gains from infrastructure investments made by these entities in India. The move was introduced in 2020 under Section 10 (23FE) under the Income Tax Act to encourage long-term investments in critical infrastructure projects.