Mumbai, May 22 (PTI) Lincoln Pharmaceuticals on Thursday reported a net profit of Rs 11.62 crore for the March quarter of 2024-25 and said it is building a portfolio in lifestyle and chronic segments, particularly in women's healthcare and dermatology. The Ahmedabad-based company in a statement said that it focuses on expanding its global footprint by registering new products for export and also building a portfolio in lifestyle and chronic segments. The pharma company had reported a net profi...Read More
New Delhi, May 22 (PTI) Markets regulator Sebi will issue directions this month over expiry of equity derivatives contracts after analysing the comments on the consultation paper, its chairman Tuhin Kanta Pandey said on Thursday. Sebi, in its consultation paper issued in March, proposed that the expiries of all equity derivatives contracts across exchanges be uniformly limited to either Tuesdays or Thursdays. This would help optimize the spacing between expiries and avoid designating either the...Read More
Thane, May 22 (PTI) A rationing officer attached to the Civil Supplies Department was arrested for accepting a bribe of Rs 48,000 here, an Anti-Corruption Bureau (ACB) official said on Thursday. The complainant, who owns four fair-price shops, had approached the ACB alleging accused Sagar Sahebrao Varale was demanding Rs 2,000 per month for each shop under his jurisdiction, the official said. Varale had been demanding Rs 48,000 from the complainant, saying it was his commission for the four sh...Read More
Bikaner: Prime Minister Narendra Modi on Thursday said India's enemies now know what happens when "sindoor turns into barood (gunpowder)", as he praised the Indian armed forces for the swift and decisive response under Operation Sindoor. Addressing his first public rally in Rajasthan after Operation Sindoor, which was launched following the deadly Pahalgam terror attack on April 22, the prime minister took direct aim at Pakistan. "In just 22 minutes, we destroyed nine of the biggest terror hide...Read More
New Delhi: The Supreme Court on Thursday stayed the Enforcement Directorate's money laundering probe into Tamil Nadu's state-run liquor corporation, TASMAC, expressing strong disapproval of what it described as overreach by the central agency. A bench comprising Chief Justice of India (CJI) B.R. Gavai and Justice A.G. Masih criticised the ED for "crossing all limits" and violating the federal structure of the country. "Your ED is crossing all limits. You are totally violating the federal struc...Read More
Chennai, May 22 (UNI) Tamil Nadu Finance Minister Thangam Thennarasu on Thursday said the nine rigid guidelines imposed by RBI on gold loans was deeply insensitive and urged it to withdraw the new restrictions as it would grvely affect the poor nd middle class who depend on such loans during emergencies. These measures amounted to systematic injustice against the vulnerable and said the RBI should adopt compassionate people-centric policies, he said. In a post on X, he said "I urge the RBI...Read More
New Delhi, May 22 (SocialNews.XYZ) The Securities and Exchange Board of India (SEBI) is investigating possible violations in the IndusInd Bank case, following the bank's disclosure of suspected fraud and concerns over insider trading, SEBI Chairman Tuhin Kanta Pandey said here on Thursday. He said that while the Reserve Bank of India (RBI) is looking into the accounting discrepancies, SEBI is also doing its part as per its authority. While addressing the media on the sidelines of Assocham's '1...Read More
Vijayawada (Andhra Pradesh) [India], May 22 (ANI): Former Andhra Pradesh Chief Minister and YSRCP president YS Jagan Mohan Reddy on Thursday launched a scathing attack on the current TDP-led government in the State, accusing Chief Minister Chandrababu Naidu of failing to deliver on pre-election promises and engaging in financial mismanagement. The former chief minister also took aim at what he called the "yellow media" for biased reporting in favour of the ruling party. "I am not only fighting...Read More
New Delhi: The Supreme Court on Thursday said the Enforcement Directorate (ED) is totally violating the federal structure and the central agency is crossing all limits, while putting on hold the investigation and raid of the ED against the Tamil Nadu State Marketing Corporation (TASMAC). The matter came up before a bench led by Chief Justice of India B R Gavai and Justice A G Masih. Senior advocate Kapil Sibal, representing TASMAC, said this is a corporation which is giving liquor outlets and i...Read More
The India Meteorological Department (IMD) has issued an orange alert for heavy rainfall in various parts of Maharashtra, Karnataka and West Bengal. Cities like Bengaluru, Mumbai and Kolkata on Wednesday witnessed heavy rains, thunderstorms and gusty winds, according to a report by Mint. Bengaluru weather The current heavy spell of rain is expected to continue in Karnataka, with an orange alert issued for parts of south interior Karnataka, which includes Bengaluru, and coastal Karnataka till Ma...Read More
Indian motorbike maker Bajaj Auto Ltd. plans to acquire a controlling stake in cash-strapped KTM AG and has lined up a debt funding package of as much as €800 million ($907 million) that will save the Austrian company from bankruptcy. Bajaj Auto has already infused €200 million of debt support in the maker of MotoGP bikes, and will deploy the remaining amount ahead of a deadline to repay creditors, it said in a filing to exchanges in Mumbai Thursday. The funding package includes a €450 million ...Read More
Mumbai, May 21: The 8th Pay Commission has been officially announced by the Indian government, with no doubt a significant activity for some 1 crore central government employees and pensioners for the consideration of the revisions of salaries and pensions. The primary role of this commission will be to identify the fitment factor, the multiplier used to increase basic pay, and review minimum wages and keep them relevant to the current economic situation. A prominent recommendation from the Sta...Read More
New Delhi: The Delhi Development Authority (DDA) has launched a new housing scheme in the national capital, under which at least 7,500 flats would be up for sale at various locations under various categories. The booking for the scheme 'Apna Ghar Awaas Yojana 2025' will start from May 25, and the flats will be allotted on a first-come, first-served basis. According to the DDA, a detailed notice has been issued under this scheme, in which all the information related to the categories, location,...Read More
Jammu, May 21: Given the deployment of ex-servicemen to protect vital installations after 'Operation Sindoor', secretary, Jammu Zila Sainik Board, Col (retd) Bhupinder Singh Sambyal on Wednesday said that not just 4,000 volunteers but many others were ready to serve the country. The Sainik Welfare Board of Jammu and Kashmir had moved a proposal for mobilising Ex-Servicemen (ESM) to safeguard vital infrastructure across the Union Territory. This proposal has been formally approved by the Jammu a...Read More
Mumbai, May 21 (SocialNews.XYZ) Haryana-based distillery Piccadily Agro Industries, maker of the 'Indri' single-malt whiskey, on Wednesday reported a 7.49 year-on-year (YoY) decline in its net profit to Rs 39.80 crore in Q4 FY25, compared to Rs 43.02 crore in the same period last fiscal (Q4 FY24). The company's revenue from operations also slipped by 4.55 per cent to Rs 271.63 crore in Q4 FY25, down from Rs 284.59 crore in Q4 FY24. Total income during the quarter dropped to Rs 273.88 crore, a ...Read More
Mumbai, May 21: Torrent Pharmaceuticals on Wednesday reported a 0.99 per cent quarter-on-quarter (QoQ) decline in its net profit for the fourth quarter (Q4) of FY25, with earnings dropping to Rs 498 crore from Rs 503 crore in the previous quarter (Q3 FY25). The homegrown pharma company's total expenses climbed to Rs 2,252 crore, an increase of nearly 4.70 per cent on sequential basis and 4.99 per cent year-on-year (YoY). The rise was driven by higher costs across key segments. The cost of mater...Read More
New Delhi [India], May 21 (ANI): The Supreme Court on Wednesday granted anticipatory bail to former Indian Administrative Service (IAS) trainee officer Puja Khedkar, accused of forging her documents to obtain eligibility for the 2022 Union Public Service Commission test. A bench of Justices BV Nagarathna and Satish Chandra Sharma asked Khedkar to cooperate in the probe. Also Read | Security Scare in Kolkata: Police Launch Probe After Drone-Like Objects Spotted Over Sky, Centre Seeks Report Fro...Read More
BusinessWire India Bangalore (Karnataka) [India], May 21: After simplifying credit for over 35 million users, Freo is now taking on a new challenge: making health insurance easy to understand for every Indian. Freo recently acquired its corporate agency license from IRDAI, and has now launched a full-fledged initiative to make health insurance simple, clear, and stress-free--so people can make smarter choices with confidence. Millions of Indians still hesitate to buy insurance, not due to affo...Read More
Chennai (Tamil Nadu) [India], May 21 (ANI): Tamil Nadu Chief Minister MK Stalin on Wednesday said that he will attend NITI Aayog's Governing Council meeting on May 24 and will demand "fair financial rights" for his State. The Chief Minister also asked why All India Anna Dravida Munnetra Kazhagam (AIADMK) General Secretary Edappadi K Palaniswami was pained by this, adding that he will keep on fighting to get a fair financial share from the Centre to his State. Also Read | 'Fake News': PIB Fact ...Read More
NEW DELHI: India is well positioned to deal with the negative effects of US tariffs and global trade disruptions due to its large domestic economy and low dependence on exports, Rating agency Moody's has said in a recent report. It says that government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand. It says that India's limited reliance on the trade of goods and its robust serv...Read More
Hyderabad, May 20 (IANS) The Hyderabad Metro Rail management on Tuesday announced 10 percent discount on the increased fares, which came into effect from May 17. L&T Metro Rail (Hyderabad) Limited (L&TMRHL) announced the discount across all fare zones in all three metro corridors, which will come into effect from May 24. This decision has been taken after carefully considering passenger feedback and reflecting the organisation's commitment to enhancing commuter affordability while main...Read More
New Delhi: The Employees' Provident Fund Organisation (EPFO), which manages retirement savings for salaried employees, reported a net addition of 1.46 million subscribers in March, with just over half being first-time enrollees, according to an official statement on Wednesday. EPFO recorded 754,000 new member enrollments in March. Provisional data showed that net subscriber additions increased by 1.15% compared to March 2024, reflecting stronger employment opportunities and growing awareness of...Read More
Ranchi, May 21 (SocialNews.XYZ) The Rs 100-crore liquor scam in Jharkhand appears to be linked with a similar racket in neighbouring Chhattisgarh, with central agencies such as the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) likely to expand their probe into the matter. On Tuesday, the Anti-Corruption Bureau (ACB) of Jharkhand arrested senior IAS officer and former Excise Secretary Vinay Chaubey and Joint Excise Commissioner Gajendra Singh in connection with the J...Read More
Chamoli (Uttarakhand) [India], May 21 (ANI): Indian Army soldiers carried out the work of removing snow from the travel route as the preparations for Hemkund Sahib Yatra by Chamoli District Administration and Shri Hemkund Sahib Gurudwara Trust are now in the final stages as the gates are to be opened for 'darshan' from May 25. As per the instructions of Chief Minister Pushkar Singh Dhami, under the monitoring of District Magistrate Sandeep Tiwari, strong arrangements for electricity, water, toi...Read More
New Delhi: Pfizer Ltd has reported an 85 per cent jump in net profit at Rs 330.94 crore in the fourth quarter ended March 2025, boosted by a gain in exceptional item from completion of asset sale and transfer. The company had posted a net profit of Rs 178.86 crore in the corresponding quarter of preceding fiscal, Pfizer Ltd said in a regulatory filing. Revenue from operations in the quarter under review stood at Rs 591.91 crore as against Rs 546.63 crore in the year-ago period, it added. Tota...Read More
After India suspended the Indus Waters Treaty (IWT) following the deadly terror attack in Pahalgam on April 22, China has now taken a new step to support its ally Pakistan by deciding to fast-track work on a major dam project in the country. According to the South China Morning Post, a Chinese government-owned company, China Energy Engineering Corporation, has been building the Mohmand Hydropower Project in Pakistan's Khyber Pakhtunkhwa province, located in the northwest of the country, since 20...Read More
New Delhi, May 20: Fintech company MobiKwik has reported a wider consolidated loss of Rs 56.03 crore in the fourth quarter of the financial year 2024-25 (Q4 FY25), compared to a small loss of just Rs 67 lakh in the same quarter last fiscal (Q4 FY24). The company's loss also increased from Rs 55.2 crore in the previous quarter (Q3 FY25), according to its stock exchange filing. For the full financial year FY25, MobiKwik recorded a loss of Rs 121.5 crore. This is a major setback for the Gurugram-b...Read More
Bhopal, May 20: Anuradha Paswan, known as the 'looteri dulhan' or 'looting bride', has been arrested for orchestrating a series of elaborate marriage scams. She is accused of duping at least 25 men. Paswan would assume new identities in different cities, posing as an ideal bride to lure her victims into fake marriages. She had reportedly done 25 such fraud marriages and conducted several thefts of money and jewelry from the husband's house after fraud marriage and ran away. The scam was uncove...Read More
PNN New Delhi [India], May 20: With rising temperatures and vacation time in summer just around the corner, summer travel to Europe is seeing a huge boom from Indian tourists. According to recent reports, there has been a whopping 29% increase in Schengen visa applications from India, signifying strong demand to discover the cultural festivals, historic cities, and picturesque landscapes Europe has in store. Due to more efficient processes and enhanced travel assistance, Indian travelers are n...Read More
Shimla (Himachal Pradesh) [India], May 20 (ANI): Apple farmers in Himachal Pradesh have demanded a complete ban on the import of Turkish apples into India, citing Turkey's political stance during heightened tensions between India and Pakistan. A joint delegation of fruit growers and farmers, led by Himachal Pradesh Sanyukt Kisan Manch Convener Harish Chauhan, submitted a memorandum to the Prime Minister and President through the Governor of Himachal Pradesh. Speaking to ANI, Chauhan expressed ...Read More