New Delhi: Fintech firm One MobiKwik Systems on Tuesday said its consolidated loss widened to Rs 56 crore in the quarter-ended March 31, 2025.It had reported a loss of Rs 0.6 crore in the year-ago period, according to a regulatory filing.Revenue from operations saw a marginal increase from Rs 264.9 crore in Q4 FY24, to Rs 267.7 crore in Q4 FY25. The Gurgaon-headquartered firm's Payments GMV (Gross Merchandise Value) grew 203 per cent year-on-year to Rs 1,15,900 crore, according to a company sta...Read More
New Delhi: The Indian Navy will formally induct and unveil the name of the ancient stitched ship, a recreation of a fifth century ship inspired by a painting from the Ajanta Caves, on Wednesday at Naval Base in Karwar. Union Minister of Culture, Gajendra Singh Shekhawat, will preside over the ceremony. The project was initiated through a tripartite agreement signed in July 2023 between the Ministry of Culture, the Indian Navy and Hodi Innovations, with funding from the Ministry of Culture. The ...Read More
New Delhi, May 20 (SocialNews.XYZ) 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 f...Read More
AHMEDABAD: Homegrown pharma major, Zydus Lifesciences Limited, on Tuesday reported a 17.3% rise in consolidated net profit for FY 2025 at Rs 4,525.5 crore, up from Rs 3,859.5 crore in the previous year, driven by strong US and India sales. The board recommended a final dividend of Rs 11 per equity share, subject to shareholder approval at the AGM on 12 August 2025.For the March quarter (Q4), net profit fell marginally by 1.0% to Rs 1,170.9 crore from Rs 1,182.3 crore a year earlier, impacted by ...Read More
Mumbai, May 20 (PTI) Two-wheeler maker Suzuki Motorcycle India on Tuesday laid the foundation stone of a manufacturing facility at Kharkhoda in Haryana, which will be developed at an initial investment of Rs 1,200 crore. Located at IMT Kharkhoda HSIIDC industrial township and spread across 100 acres of land, the new manufacturing plant with a capacity to produce 7.5 lakh two-wheelers annually in the first phase, is a part of the company's strategy to meet the rising domestic demand while also s...Read More
Bengaluru: After several days of relentless rainfall left large swathes of Bengaluru submerged and its residents struggling with widespread disruption, the Karnataka Deputy Chief Minister and Bengaluru Development Minister DK Shivakumar has provided a comprehensive update on efforts to tackle the flooding crisis gripping the city. Significant strides have been made in addressing waterlogging across Bengaluru's most vulnerable areas, according to the latest briefing by Shivakumar. Operating from...Read More
New Delhi: After a tepid start to 2025, the IPO market is getting back on track with six main-board companies, including Schloss Bangalore -- owner of luxury hotel chain The Leela, are set to float their initial share-sales this month to collectively mobilise over Rs 11,000 crore, investment banking sources said on Monday. Of the six firms, Borana Weaves and Belrise Industries will launch their IPOs this week.Borana Weaves will float its Rs 144-crore IPO on May 20, while Pune-based Belrise Indu...Read More
New Delhi: The highly anticipated Nothing Phone 3 is set to become the company's "first true flagship," and fans are buzzing with excitement. Although Nothing has yet to confirm an official launch date, CEO Carl Pei has teased its arrival, sharing glimpses of the device. A recent BIS (Bureau of Indian Standards) listing points to an imminent release in India, sparking speculation that the Nothing Phone 3 might hit the market sooner than expected. While Carl Pei initially announced the Nothing P...Read More
Lucknow (Uttar Pradesh) [India], May 19 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Monday chaired a crucial review meeting of the Cooperation Department, emphasizing the need to provide easy and affordable loans to small and marginal farmers. During the meeting, the Chief Minister stressed that prosperity will come through cooperation and called for a detailed action plan for the 'Mukhyamantri Krishak Samriddhi Yojana.' He directed the enhancement of loan distribution capacity of co...Read More
New Delhi, May 19 (PTI) ICRA has revised the outlook on the telecom tower industry to stable from negative, citing healthy collections from customers along with receipt of overdue payments. It noted that the industry was earlier facing headwinds owing to elongated receivables, on account of delays in payments by some of the telecom service providers, but that the the situation has improved materially. This was due to consistent timely payments to the tower companies resulting in reduction of r...Read More
New Delhi, May 19 (PTI) Hindustan Media Ventures Ltd on Monday reported an over four-fold rise in profit after tax at Rs 45.4 crore in the fourth quarter ended March 2025, with its digital business clocking strong revenue growth. The company had posted a consolidated profit after tax of Rs 10.74 crore in the corresponding quarter of preceding fiscal, Hindustan Media Ventures Ltd (HMVL) said in a regulatory filing. Consolidated revenue from operations stood at Rs 201.25 crore as against Rs 188....Read More
Dwarakapudi (Andhra Pradesh), May 18 (PTI) Four children died of suffocation after being trapped inside a parked car in Vizianagaram district, police said on Monday. The children, who were playing outside the house, entered the parked vehicle at around noon on Sunday. "They were unable to exit as the doors of the unlocked car automatically locked after entry," police added. "We believe the car's auto-lock system engaged once the kids got in, trapping them," a police official told PTI, adding t...Read More
NEW DELHI: Government is considering amendments to the laws governing the nuclear power domain, including the sectoral regulator, to allow participation of private sector as India eyes to produce 100 GW atomic energy by 2047. Government sources said amendments were being considered to the Atomic Energy Act to allow private sector participation and the Civil Liability for Nuclear Damage Act to limit the liability on suppliers of equipment to build atomic energy plants. The government is also co...Read More
New Delhi [India], May 19 (ANI): Union Agriculture Minister Shivraj Singh Chouhan on Monday said that his ministry's resolve is to increase the Kharif crop production while reducing the production cost. He added that the synergy between the agricultural research and the farmers will be increased. The Minister was speaking to reporters here after a meeting with the State agricultural ministers. "Today, I held a meeting with the Agriculture ministers of all the states...Agriculture is important ...Read More
Mining (Sikkim) [India], May 19 (ANI): The Sikkim Cricket Ground in Mining marked a major milestone in the state's sporting history with the installation of state-of-the-art high-mast LED floodlights, officially inaugurated on the evening of May 18 by Sikkim Chief Minister Prem Singh Tamang. This development makes the venue capable of hosting day-night matches and high-definition live broadcasts for the first time in Sikkim. The project, worth Rs 12.2 crore, was fully funded by the Government ...Read More
Mumbai, May 19 (SocialNews.XYZ) Real estate marketplace Square Yards' total expenses rose by over 32.21 per cent to Rs 1,613 crore in FY25, from Rs 1,220 crore in FY24, according to its financials. The increase was mainly driven by higher employee costs, commission payouts, and finance costs, according to the company's provisional financial statement. Employee benefit expenses remained the largest cost head, accounting for nearly 38 per cent of the total spend. These costs increased by 15 per...Read More
New Delhi [India], May 19 (ANI): Indian economy is expected to grow at 6.9 per cent in the January-March quarter 2025, the official data for which is scheduled to be released on May 30 by the National Statistics Office, according to rating agency ICRA. ICRA has projected the year-on-year expansion of the GDP to rise to 6.9 per cent in Q4 2024-25 from 6.2 per cent in Q3 2024-25, while significantly undershooting the National Statistical Office's (NSO) implicit estimate of 7.6 per cent for the qu...Read More
New Delhi, May 19 (PTI) After a tepid start to 2025, the IPO market is getting back on track with six main-board companies, including Schloss Bangalore -- owner of luxury hotel chain The Leela, are set to float their initial share-sales this month to collectively mobilise over Rs 11,000 crore, investment banking sources said on Monday. Of the six firms, Borana Weaves and Belrise Industries will launch their IPOs this week. Borana Weaves will float its Rs 144-crore IPO on May 20, while Pune-bas...Read More
New Delhi, May 19 (PTI) Godrej Properties has bought 14 land parcels across major cities to build housing projects with revenue potential of about Rs 26,500 crore in the last fiscal year and will continue to acquire more land to grow its business, its Chairperson Pirojsha Godrej said. The company bought these land parcels, all outright, in Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad and Indore. In an interview with PTI, Pirojsha Godrej said, "Last financial...Read More
May 19 (Reuters) - India's Vodafone Idea had its petition to waive more than $5 billion in debt it owes the government rejected by the country's top court on Monday, dealing a hammer blow to the country's third-largest telecom company. The court also dismissed a similar petition from bigger rival Bharti Airtel, but the rejection will have a bigger impact on debt-ridden Vodafone Idea. The company's stock fell as much as 10% on Monday following the court ruling. Vodafone Idea, a joint venture b...Read More
Bengaluru (Karnataka) [India], February 10 (ANI): Defence Minister Rajnath Singh on Monday met Minister Delegate to the Minister of Defence and Chief of Staff of the National Army of Algeria General Said Changeriha in Bengaluru at Aero India 2025. Singh called their meeting a "great interaction." Also Read | US: Judge Finds Trump Administration Hasn't Fully Followed Order To Unfreeze Federal Spending, Orders White House To Release All Money. In a post on X, he said, "Great interaction with th...Read More
Dewas (Madhya Pradesh) [India], February 10 (ANI): Madhya Pradesh Chief Minister Mohan Yadav on Monday took a jibe at the Congress party and its top leadership asking did any of them (referring to Gandhi family) visit Prayagraj to take a holy dip in Maha Kumbh Mela. The Chief Minister further said that they (Congress) only visit to seek votes but feel shy to participate in the Maha Kumbh. CM Yadav made the remark while addressing a program organised to transfer monthly aid of Ladli Behna Yojan...Read More
Jaipur: Rajasthan Staff Selection Board (RSSB) Monday said that from April, those who apply for recruitment exams but fail to turn up on exam day will have to pay a fine. In Nov last year, the board wrote to the state govt to either start an application fee or impose fines, so that attendance in recruitment exams increases. RSSB said if a person applies for any two exams in a financial year (from April 1 to March 30) and does not appear in the exams, they will have to pay a penalty of Rs 750 wh...Read More
New Delhi [India], February 10 (ANI): A Memorandum of Understanding (MoU) on cooperation in logistics and infrastructure development between the Department for Promotion of Industry and Internal Trade (DPIIT) and the Korea Transport Institute (KoTI), Republic of Korea (RoK) was signed on Monday at the Sejong National Research Complex, South Korea. The arrangement was signed by Youngchan Kim, President of KOTI, and Amit Kumar, Ambassador of India to the Republic of Korea. The MoU will enhance c...Read More
Bengaluru (Karnataka) [India], February 10 (ANI): Defence Minister Rajnath Singh on Monday met Minister Delegate to the Minister of Defence and Chief of Staff of the National Army of Algeria General Said Changeriha in Bengaluru at Aero India 2025. Singh called their meeting a "great interaction." In a post on X, he said, "Great interaction with the Minister Delegate to the Minister of Defence and Chief of Staff of the National Army of Algeria General Said Changeriha in Bengaluru." https://x.c...Read More
New Delhi [India], February 10 (ANI): The UK-India strategic partnership has taken another major step forward with the formal launch of Defence Partnership- India (DP-I) and the signing of several defence agreements at Aero India 2025, a statement by the UK Embassy said. Announcing DP-I, UK Defence Minister Lord Vernon Coaker opened the UK-India Defence Partnership Pavilion, establishing a dedicated programme office within the UK's Ministry of Defence that will serve as a one-stop shop for stre...Read More
New Delhi [India], February 10 (ANI): UK Energy Secretary Ed Miliband is in Delhi this week to agree cooperation with India to accelerate economic growth from global clean energy transition, as per British High Commission in India. UK and India will announce closer working through the fourth UK-India Energy Dialogue to boost renewables and cut emissions. At India Energy Week, he will champion UK businesses and increase clean energy investment opportunities, as per an official statement. At Ind...Read More
New Delhi, Jan 12 (IANS) The Adani Group has announced a planned investment of Rs 60,000 crore to expand the group's power plants in Raipur, Korba, and Raigarh in Chhattisgarh. The Chief Minister's Office on Sunday posted on X the details of the meeting and the planned investment. The CMO also posted pictures of the meeting. "In a meeting with the Honourable Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, Gautam Adani, Chairman of the Adani Group, announced a planned investment of ₹60,000...Read More
Mumbai, Feb 10 (SocialNews.XYZ) Maharashtra Chief Minister Devendra Fadnavis on Monday said that Mumbai is emerging as the 'Convention Capital' of India and expressed confidence that the modern convention centre in the new and state-of-the-art hotel of the 'Taj' group in the Bandra area will further increase business opportunities in Mumbai. He was speaking at the groundbreaking ceremony of the new and state-of-the-art hotel of the 'Taj' group in Bandra in northwest Mumbai. Fadnavis said that ...Read More
Mumbai, Feb 10: The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over...Read More