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New Delhi: The government is preparing to invite financial bids in the third quarter (October-December) of FY26 for a strategic stake sale of IDBI Bank, as potential buyers have completed due diligence, Department of Investment and Public Asset Management (DIPAM) secretary Arunish Chawla said on Friday. "All data room protocols have been finalized for interested bidders," Chawla told reporters, indicating that the divestment process is now ready to move into its final stages. "We hope to invit ...Read More >
NTPC has stopped the installation of Flue-Gas Desulphurisation systems at five under-construction power plants. This follows a government notification exempting many thermal plants from needing FGD. The order impacts projects with over 7 GW capacity. Bharat Heavy Electricals Limited may seek compensation. The Ministry of Environment, Forest and Climate Change issued the exemption. NTPC has asked Bharat Heavy Electricals Ltd (BHEL) to halt installation of flue-gas desulphurisation (FGD) systems ...Read More >
New Delhi, Jul 20 (PTI) Coworking firm Indiqube Spaces Ltd, which will soon launch an initial public offering (IPO), has posted a net loss of ₹139.61 crore during the last fiscal on higher expenses. The net loss of Indiqube Spaces, which provides managed office spaces to corporates, stood at ₹341.50 crore during the 2023-24 fiscal. Its total income rose to ₹1,102.93 crore in 2024-25 from ₹867.66 crore in the preceding year, according to its red herring prospectus (RHP) filed with Sebi. Indiqu ...Read More >
New Delhi [India], July 20 (ANI): India's tyre sector is set to see steady revenue growth of 7-8 per cent this fiscal, driven by replacement demand that accounts for half of annual sales, even as offtake by original equipment manufacturers (OEMs) will likely be subdued and exports steady, said Crisil Ratings in a report. The report added that the rising premiumisation is expected to give a slight leg-up to realisations. However, escalating trade tensions and the risk of dumping by Chinese produ ...Read More >
New Delhi [India], July 20 (ANI): The exemption of Flue Gas Desulphurization (FGD) systems for some coal-based power plants is a positive for thermal power producers, according to a report by CareEdge Ratings. The Ministry of Environment, Forest and Climate Change (MoEF), vide its notification dated July 11, 2025, has issued significant amendments to the Flue Gas Desulphurisation (FGD) norms, particularly concerning the sulphur dioxide emission standards for coal and lignite-based thermal power ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of ₹132.90 crore for the first quarter ended June 2025. It had reported a net profit of ₹58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was marginally down at ₹1,024.74 crore in the June quarter of FY26. This was ₹1,026.76 crore in the corresponding quarter of the last fiscal. The t ...Read More >
Chennai, Jul 19 (PTI) The India Cements Ltd, a subsidiary of UltraTech Cement Ltd, an Aditya Birla Group company, reported a consolidated net loss of Rs 132.90 crore for the April-June 2025 quarter, the company said on Saturday. The city-based cement maker had posted a consolidated net profit of Rs 58.47 crore during the corresponding quarter of the previous financial year. For the year ended March 31, 2025, the consolidated net loss stood at Rs 143.68 crore, the company said in a regulatory f ...Read More >
Chennai, Jul 19 (PTI) The India Cements Ltd, a subsidiary of UltraTech Cement Ltd, an Aditya Birla Group company, reported a consolidated net loss of Rs 132.90 crore for the April-June 2025 quarter, the company said on Saturday. The city-based cement maker had posted a consolidated net profit of Rs 58.47 crore during the corresponding quarter of the previous financial year. Also Read | Bodoland Lottery Result Today, July 19, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of Rs 132.90 crore for the first quarter ended June 2025. It had reported a net profit of Rs 58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Also Read | Bodoland Lottery Result Today, July 19, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. Its revenue fro ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of ₹132.90 crore for the first quarter ended June 2025. It had reported a net profit of ₹58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was marginally down at ₹1,024.74 crore in the June quarter of FY26. This was ₹1,026.76 crore in the corresponding quarter of the last fiscal. The total ex ...Read More >
New Delhi, Jul 19 (PTI) India Cements Ltd (ICL), now part of the Aditya Birla Group, on Saturday reported a consolidated net loss of Rs 132.90 crore for the first quarter ended June 2025. It had reported a net profit of Rs 58.47 crore a year ago, according to a BSE filing by ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was marginally down at Rs 1,024.74 crore in the June quarter of FY26. This was Rs 1,026.76 crore in the corresponding quarter of the last fiscal. The ...Read More >
Mumbai: Bengaluru-based Indiqube Spaces, a managed workplace solutions company, has announced a ₹700 crore initial public offering (IPO), opening on July 23. The company has set a price band of ₹225 to ₹237 per equity share of ₹1 face value. The public issue will close on July 25, 2025. The Indiqube IPO comprises a fresh issue of equity shares aggregating up to ₹650 crore and an offer for sale of equity shares aggregating up to ₹50 crore by the promoter selling shareholders. The company will u ...Read More >
New Delhi [India], July 19 (ANI): Despite witnessing a slight drop of 1.4 per cent in business investment confidence, India maintained the highest year-on-year confidence growth among 32 economies surveyed in Q3 2025, with a robust 12.6 per cent rise, according to the D&B Global Business Investment Confidence Index of Dun & Bradstreet (D&B), a data and analytics firm. According to the report, the Global Business Investment Confidence Index fell 13.1 per cent quarter-on-quarter (q/q) for Q3 2025 ...Read More >
Mathura, July 19 (UNI) Six people died and two others are in critical condition after a car overturned when it was hit by an unknown vehicle on the Yamuna Expressway in Mathura. The car occupants were going from Delhi to Agra. The accident happened in the Baldev police station area early Saturday morning, police said. After the accident, passersby informed the police. As soon as the information was received, the police reached the spot, rescued the occupants from the car, and sent them to the ...Read More >
MUMBAI: Reliance Industries, India's largest company in terms of market value, reported a 76% increase in quarterly profit to Rs 30,681 crore on Friday, led by gains from the sale of some of its listed investments and strong growth across its key businesses. Other income surged 280% to Rs 15,119 crore due to profit (Rs 8,924 crore) on sale of its stake in Asian Paints. Excluding the Rs 8,924 crore gain, profit was higher by 25%. Earnings was also driven by a rebound in its oil-to-chemicals (O2C) ...Read More >
Amaravathi (Andhra Pradesh) [India], July 19 (ANI): A Telugu Desam Parliamentary Party meeting was held at the Chief Minister's Camp Office under the leadership of Chief Minister Chandrababu Naidu, in which it was emphasised that the party will focus on issues concerning Andhra Pradesh in the upcoming Parliament session. Andhra Minister Nara Lokesh and several MPs attended the meeting. Also Read | Ganeshotsav Declared 'Rajya Mahotsav': Maharashtra Government Elevates Century-Old Festival to St ...Read More >
KATHUA, July 18: District Development Council Kathua in its meeting held today, approved Rs 7452.53 lakh District Capital Expenditure Budget for the financial year 2025-26. The approved budget includes Rs 913.62 lakh for ongoing works and Rs 6538.91 lakh for new development proposals. The Capex plan aims to strengthen infrastructure, improve service delivery and push forward district-wide growth through focused investments across key sectors. Deputy Commissioner Dr Rakesh Minhas, while address ...Read More >
IndiQube Spaces, a workplace solutions company, is launching its IPO. The IPO will open on July 23 and close on July 25. The price is fixed between Rs 225 to Rs 237 per share. The company plans to raise Rs 700 crore. They will use the funds for expansion and debt repayment. The company manages properties across 15 cities. Workplace solutions company IndiQube Spaces on Friday fixed a price band of Rs 225 to Rs 237 per share for its Rs 700-crore initial public offering (IPO). The IPO of the Beng ...Read More >
New Delhi: India will require around $1.5 trillion in investments by 2030 to tackle climate change and accelerate its energy transition, according to a new report by Deloitte. The report, titled The Climate Response: Tapping into India's Climate and Energy Transition Opportunity, highlights the scale of capital needed across renewable energy, biofuels, decarbonisation efforts, and sustainable infrastructure to meet the country's climate goals. To reach the government's target of 500 GW of non- ...Read More >
New Delhi [India], July 15 (ANI): Indian edible oil refiners are set to see their revenues decline 2-3 per cent on-year to Rs 2.6 lakh crore this fiscal due to lower realisations, even as volumes grow 2.8-3.0 per cent on-year, according to the credit rating agency Crisil Ratings. The firm stated that this comes after a 15 per cent revenue growth witnessed in fiscal 2025. Also Read | Shubhanshu Shukla's International Space Station Experience Extremely Valuable for India's Gaganyaan Human Spacef ...Read More >
Mumbai, Jul 15 (PTI) Edible oil refiners are expected to witness a 2-3 per cent year-on-year decline in revenue to Rs 2.6 lakh crore in FY26 due to lower realisations, a report said on Tuesday. However, volumes are likely to grow 2.8-3.0 per cent year-on-year, Crisil Ratings said in the report. As a result, operating margin is expected to shrink 30-50 basis points to 3.3-3.5 per cent. But stable working capital requirements and lower capital expenditure (capex) will keep credit profiles stable ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India ...Read More >
NLC India Ltd (NLCIL), a prominent public sector enterprise, has announced an ambitious capital expenditure plan worth Rs 1.25 lakh crore to be executed by 2030. The strategic move aims to scale up its total power generation capacity from the current 6.7 gigawatts (GW) to 20 GW over the next five years, with renewable energy emerging as the central focus of this expansion. Prasanna Kumar Motupalli, Chairman and Managing Director of NLCIL, confirmed that a substantial Rs 65,000 crore of the tota ...Read More >
New Delhi: The sales volume of used cars in India is expected to cross 6 million units this fiscal, driven by value-conscious demand, rising digital adoption, and better access to finance, credit rating agency Crisil Ratings said in a report. This growth has pushed the used-to-new car sales ratio to 1.4, up from less than 1 five years ago, with used car volumes growing more than twice as fast as new car sales. After a tepid 5% volume growth between fiscal 2017 and 2024, used vehicle sales grew ...Read More >
New Delhi [India], July 13 (ANI): The sales volume of used cars in India is expected to cross 6 million units this fiscal driven by value-conscious demand, rising digital adoption and better access to finance, the credit rating agency Crisil Rating said in a report. This has lifted the used-to-new ratio in car sales to 1.4 from less than 1 five years ago, with the volume growing more than twice as fast. Also Read | On Which Channel Zimbabwe T20I Tri-Series 2025 Live Telecast in India Will Be A ...Read More >
Hyderabad, Jul 13 (PTI) NLC India Ltd, a public sector enterprise, is planning to invest Rs 1.25 lakh crore by 2030 to expand its capacity from the existing 6.7 gigawatt to 20 gigawatt, Prasanna Kumar Motupalli, Chairman and Managing Director (CMD) of the company has said. He said, out of Rs 1.25 lakh crore planned capex, the company will be spending around Rs 65,000 crores on renewables and other green initiatives, while around Rs 45,000 crores will be earmarked for thermal and around 15,000 c ...Read More >
NEW DELHI: Growth in gross direct tax collections moderated to 3.2% in the fiscal year up to July 10, from 4.9% three weeks ago, driven by a slowdown in non-corporation tax. Latest data released by govt estimated gross collections of Rs 6,64,807 crore between April and July 10.Net direct tax collections - which means after refunds - are estimated to have declined 1.3% to Rs 5,62,827 crore on account of a 38% jump in refunds to Rs 1,01,980 crore. Up to June 19, when data was last released, refund ...Read More >
Mumbai (Maharashtra) [India], July 11 (ANI): The Board of Directors of Reliance Industries Ltd is scheduled to be held on July 18, 2025, where they will consider and approve the standalone and consolidated financial results of the company for the April-June 2025-26 quarter, as per a stock exchange filing. The company will hold an analyst meet, post the Board meeting, to discuss the financial results for the quarter, the stock exchange filing added on Friday. Also Read | UEFA Women's Euro 2025 ...Read More >
New Delhi, Jul 11 (PTI) INOX Clean Energy has confidentially filed draft papers with markets regulator Sebi to raise Rs 6,000 crore through an Initial Public Offering (IPO), according to industry sources familiar with the development. This could potentially become the largest Indian IPO in the clean energy and renewables sector. Also Read | BEST Bus Accident: 8 Injured As Speeding Bus Rams Into Stationary Truck in Mumbai's Goregaon (Watch Video). With a proposed equity dilution of over 10 per ...Read More >
Mumbai: US-based short seller Viceroy Research's report on Vedanta Resources (VRL) has no new information that has not been voluntarily shared with shareholders previously, VRL's chief executive officer Deshnee Naidoo said Thursday. "The authors of the report have compiled only part information filled with gross inaccuracies which you've also discerned as part of this meeting," Naidoo said addressing shareholders at the annual general meeting of India-listed Vedanta. On Wednesday, Viceroy Rese ...Read More >
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