Mumbai, Aug 6 — Varroc Engineering on Thursday reported a 26.5 per cent year-on-year (YoY) decline in consolidated net profit for the June quarter (Q1 FY27), as margin pressure and an exceptional item weighed on earnings despite robust growth in revenue and operating profit. The auto technology…
New Delhi, Aug 6 — The Life Insurance Corporation of India (LIC) posted a robust 22.8 per cent increase in net profit at Rs 13,492 crore for the first quarter (April-June) of the current financial year, compared with Rs 10,987 crore in the same period last year.The strong performance came on the…
New Delhi, Aug 6 — The Commerce Ministry on Thursday refuted claims in the media suggesting that India is importing and intends to import large quantities of ethanol from the United States (US) for fuel blending, terming them "baseless and factually incorrect".As per the domestic policy framework,…
New Delhi, Aug 6 — The Centre has enacted or strengthened rules including IT Rules to curb AI‑generated deepfakes, and reduced timelines for removal of unlawful content, an official statement said on Thursday.Intermediaries are now required to take down unlawful information upon intimation within…
New Delhi, Aug 6 — Union Minister of State for Science & Technology, Earth Sciences Dr. Jitendra Singh on Thursday said that the Human Rated Launch Vehicle (HLVM3) has completed the development and ground testing of all propulsion stages and structures.India's first human spaceflight mission,…
New Delhi, Aug 6 — The Union government is set to continue its engagement with Meta in the coming days, with discussions expected to focus on the functioning of the social media giant's recommendation algorithms and content moderation systems as India steps up oversight of digital platforms.The…
New Delhi, Aug 6 — The National Highway Authority of India (NHAI) has turned up the heat on the construction agency over a string of gaps and lapses on the Lucknow-Kanpur Expressway and has taken action against the concessionaire and several officials of the agency, including the project director.…
New Delhi, Aug 6 — The Committee on Public Undertakings (CoPU), headed by BJP MP and Vice President Baijayant Jay Panda, presented six reports in Parliament on Thursday on the performance of Central public sector companies and recommendations to improve their efficiency. The reports included a…
Mumbai, Aug 6 — Sula Vineyards, one of India's largest wine producers, on Thursday reported a sharp decline in profitability for the first quarter, with net profit falling 45 per cent year-on-year (YoY) amid weaker operating performance and margin contraction.The company posted a net profit of Rs…
New Delhi, Aug 6 — China’s decision to impose a 20 per cent tax on offshore trusts has set off a scramble among the country's ultra-rich families, trustees and advisers in Hong Kong and Singapore to raise cash to pay outstanding amounts, a new report has said.These families are in a rush to assess…
Mumbai, Aug 6 — Real estate developer Signature Global on Thursday reported a consolidated net loss of Rs 16.5 crore for the first quarter of the current financial year (Q1 FY27), compared with a net profit of Rs 34.4 crore in the corresponding quarter last financial year (Q1 FY26).The company's…
New Delhi, Aug 6 — India's Digital Public Infrastructure (DPI) framework is increasingly emerging as a tool of international engagement with using its technology platforms to deepen cooperation with countries across the Global South while positioning itself at the intersection of digital governance…
New Delhi, Aug 6 — The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Thursday approved the development of a 135.871 km, 4-lane access-controlled Guwahati-Tezpur corridor of National Highway 15 in Assam, with the project to be developed on Built-Operate -Transfer…
New Delhi, Aug 6 — India Inc.'s June quarter (Q1 FY27) earnings have exceeded expectations despite losses in oil marketing companies (OMCs), with banking & financial services (BFSI), metals, technology and automobiles driving corporate profitability, a report said on Thursday.The report from…
New Delhi, Aug 6 — Union Minister for Steel and Heavy Industries, H.D. Kumaraswamy, said on Thursday that India must become a global producer of clean energy technologies as in the rapidly changing world a nation's strength is determined not merely by access to energy resources but by its ability…
New Delhi, Aug 6 — In a bid to strengthen the biogas sector and empower farmers, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved ‘GOBARdhan’ -- the National Circular Bioenergy Scheme -- with a total outlay of Rs 23,731 crore.The scheme will be implemented from FY27…
New Delhi, Aug 6 — Civil Aviation Minister Ram Mohan Naidu on Thursday dismissed claims that it plans to blend ethanol with Aviation Turbine Fuel (ATF), asserting that there is no such proposal under consideration and cautioning against misinformation relating to aviation safety.The minister's…
Mumbai, Aug 6 — In a bid to help underprivileged communities, over 2,500 employees of Adani Electricity donated a large volume of garments as part of the social welfare initiative.Adani Electricity had requested employees to donate cloths for the underprivileged communities in its distribution…
Mumbai, Aug 6 — Indian benchmark equity indices ended higher on Thursday, supported by easing crude oil prices and buying in PSU bank and chemical stocks. The Sensex rose 374 points, or 0.48 per cent, to settle at 78,954.76, while the Nifty gained 11.35 points, or 0.05 per cent, to close at…
New Delhi, Aug 6 — India's data centre sector is strengthening its position on the global digital infrastructure map, with Mumbai ranking among the world's top 15 data centre markets by operational capacity and Hyderabad emerging as one of the fastest-growing hubs, according to a report released on…
New Delhi, Aug 6 — Bangladesh’s central bank last week trimmed its policy rate by 50 basis points to 9.5 per cent to ease funding costs for distressed lenders but it may fail to check an "alarming slowdown in private investment," a new report has said.The report from Hong Kong-based Asia Times said…