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Mumbai: Vodafone Idea (Vi) may finally be seeing the first signs of a turnaround after years of financial distress. The Supreme Court's recent decision allowing the government to re-examine the company's adjusted gross revenue (AGR) dues has brought cautious optimism to the telecom sector. The verdict gives the government -- already holding a 49 percent stake in Vi -- the flexibility to explore a possible restructuring of dues that have long strained the company's balance sheet. The move is wid ...Read More >
NEW DELHI: The Union govt on Monday convinced the Supreme Court to permit the department of telecom to review its demand of Rs 6,000 crore additional adjusted gross revenue demand for the FY 2016-17 on Vodafone-Idea. Chief Justice B R Gavai and Justice K Vinod Chandran was informed by solicitor general Tushar Mehta that since the previous round of litigation, in which Vodafone was ordered to pay the AGR dues, there had been a change of circumstance as the Centre has acquired a 49% stake in the c ...Read More >
NEW DELHI: The Supreme Court's ruling on telecom AGR (adjusted gross revenue) empowers the Cabinet to review the entire gamut of issues related to recovery of thousands of crores of rupees from Vodafone Idea, when it comes to matters of duplicate payments, double-counting, interest and penalty on interest, as pointed out by the company. Estimates put Voda Idea's AGR outstanding to govt at around Rs 80,000 crore, though the company has refused to specify the exact amount. And, not just Vodafone I ...Read More >
Market regulator Sebi has proposed a series of relaxations to ease the compliance burden for companies that have only listed their debt securities. In a consultation paper released on October 27, the regulator suggested revising the definition of Corporate High-Value Debt Listed Entities (HVDLEs), and exempting smaller issuers from stringent corporate governance and related party transaction (RPT) requirements. Also Read: SEBI proposes incentives to boost retail participation in debt securitie ...Read More >
BCSSL said in the filing that the company has commenced first proof-of-concepts (PoC) at Mindi, Visakhapatnam and Anakapalli to validate the performance of its 5G FWA integration solutions, adding that it would kick off service trials in the first week of November 2025. NEW DELHI: State-controlled Bharat Sanchar Nigam Limited (BSNL) has empaneled homegrown enterprise services company Blue Cloud Softech Solutions (BCSSL) as a 5G fixed wireless access (FWA) system integrator for the Andhra Prades ...Read More >
It also gave its approval to include 19 games in the list of games which qualify meritorious sportspersons for consideration for appointment to Group A, B, C and D posts and services under the government departments, boards, corporations, etc. The Himachal Pradesh Cabinet, presided over by Chief Minister Sukhvinder Singh Sukhu on Saturday decided to allow the Transport Department to issue necessary permission for conversion of 1,000 existing diesel and petrol taxis into electric taxis with the ...Read More >
New Delhi: The Supreme Court on Monday permitted the Centre to consider telecom major Vodafone Idea Ltd's plea seeking quashing of the Department of Telecommunication's additional adjusted gross revenue (AGR) demands for the period up to 2016-17, observing the issue falls within the policy domain of the government. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran passed the order while hearing a writ petition filed by Vodafone Idea challenging fresh AGR-related demands ra ...Read More >
New Delhi: Gold and silver fell sharply in the futures market on Monday, tracking weakness in global bullion markets as growing optimism over a potential US-China trade deal and a strong dollar weighed on the safe-haven asset. On the Multi Commodity Exchange (MCX), gold futures for December delivery dropped by Rs 1,546, or 1.25 per cent to Rs 1,21,905 per 10 grams in a business turnover of 12,428 lots. The yellow metal lost Rs 3,557, or 2.80 per cent, during the holiday-shortened week. "Gold ...Read More >
New Delhi, October 27 (Monday): The Supreme Court of India is today hearing a pivotal writ petition filed by Vodafone Idea Limited, which challenges the Department of Telecommunications' (DoT) additional demand of ₹9,450 crore towards Adjusted Gross Revenue (AGR) dues for the 2016-17 period. The case, listed before a bench headed by Chief Justice BR Gavai, carries significant financial and policy implications -- not only for the telecom operator but also for the government and over 20 crore sub ...Read More >
ITC Hotels announced a significant 74 percent increase in its second-quarter net profit. This growth was driven by higher revenues from operations. The company's revenue from operations increased to Rs 839.48 crore. NEW DELHI: ITC Hotels on Friday reported nearly 74 per cent rise in consolidated net profit for the second quarter ended September at Rs 133.29 crore, on higher revenue from operations. The company, which listed on the stock exchanges earlier this year post its demerger from ITC Li ...Read More >
Bhubaneswar: Odisha Revenue and Disaster Management Minister Suresh Pujari said the state is fully prepared with all safety measures ahead of the potential Cyclone Montha. He said eight districts have been identified as "most vulnerable" and all departments have been instructed to remain alert and active. "The Odisha government has prepared extensively for the impending cyclone, which is currently 930 kilometres away from the Odisha coast and moving towards the west and northwest. Eight distric ...Read More >
Bhubhaneswar (Odisha) [India], October 27 (ANI): Odisha Revenue & Disaster Management Minister, Suresh Pujari, ensured that the state is fully prepared with all the safety measures ahead of the potential Cyclone Montha. He said that eight districts have been identified as "most vulnerable" and all the respective departments are instructed to be alert and active. "The Odisha government has prepared extensively for the impending cyclone, which is currently 930 kilometres away from the Odisha coas ...Read More >
Bhubaneswar: The Odisha government on Saturday reviewed the state's preparedness to tackle the possible impact of Cyclone 'Montha,' which is developing over the southeast Bay of Bengal. Revenue and Disaster Management Minister Suresh Pujari and Special Relief Commissioner Deoranjan Kumar Singh held a detailed meeting with District Magistrates to assess the readiness of all districts. Addressing media persons after the review meeting at Rajiv Bhawan in Bhubaneswar, Minister Pujari said that the ...Read More >
Mumbai: The Indian unit of global streaming giant Netflix reported a 63% increase in net profit to ₹85 crore for FY25, according to its filings with the Ministry of Corporate Affairs (MCA), sourced from Tofler. Netflix Entertainment Services India LLP had posted a profit of ₹52 crore in the previous financial year. Revenue from operations grew 32% to ₹3,769 crore from ₹2,846 crore a year earlier, driven by strong subscriber additions through direct acquisitions and bundling partnerships with te ...Read More >
New Delhi: Mini-ratna company HLL Lifecare Limited, under the Ministry of Health and Family Welfare, on Saturday paid a record dividend of Rs 69.53 crore to the government for the financial year 2024-25. The dividend cheque was presented to Health Minister JP Nadda by Dr Anitha Thampi, Chairperson, HLL, in the presence of Anupriya Patel, Minister of State for Health and Family Welfare and other senior officials. Nadda asserted that HLL is a reliable name in the field of medical services and is ...Read More >
Public sector enterprise Karnataka Soaps and Detergents Limited (KSDL) on Friday paid a dividend of over ₹135 crore to the state government from its profits for the financial year 2024-25. On behalf of the public limited company, Large and Medium Industries Minister M B Patil and KSDL Chairman Appaji Nadagouda presented the cheque to Chief Minister Siddaramaiah in Vidhana Soudha, officials said. Speaking on the occasion, Patil said that KSDL, which among others makes the popular Mysore Sandal ...Read More >
Telangana liquor hologram tender row: Minister Jupally Krishna Rao accuses IAS officer Rizvi of stalling process. Telangana's Excise Department is facing a controversy after Minister Jupally Krishna Rao filed a complaint against senior IAS officer Syed Ali Murtaza Rizvi, alleging deliberate obstruction of the tendering process for high-security holograms used on liquor bottles. According to the Minister, Rizvi, who served as Principal Secretary (Excise), stalled the tender process for over a y ...Read More >
India's processed potato exports are experiencing a significant surge in Southeast Asian markets. This growth is fueled by increasing demand for snacks and convenience foods in countries like Malaysia, the Philippines, and Indonesia. States such as Gujarat and Uttar Pradesh are key drivers, with enhanced infrastructure and contract farming boosting production. India's processed potato products are making greater inroads into Southeast Asian markets, driven by rising demand for snacks in those c ...Read More >
Shilpa Shetty in her restaurant - Bastian At The Top in Dadar, Mumbai. Author and columnist Shobhaa De recently opened up about the staggering scale of Mumbai's nightlife and the soaring success of Shilpa Shetty's luxury restaurant brand, Bastian. Speaking on the YouTube podcast Inside Out With Barkha Dutt, she claimed that Shilpa's Dadar outlet, Bastian At The Top, reportedly earns an astonishing Rs 2-3 crore every night. During her conversation with Barkha Dutt, Shobhaa De described the city' ...Read More >
Mumbai, Oct 23 (SocialNews.XYZ) Vardhman Textiles Limited on Thursday announced its September quarter results (Q2 FY26) as the company reported a 5 per cent year-on-year (YoY) drop in its net profit to Rs 187.76 crore, compared to Rs 197.29 crore in the same quarter previous financial year (Q2 FY25). Revenue also slipped slightly by 1 per cent to Rs 2,480 crore from Rs 2,502.4 crore a year ago, according to its stock exchange filing. However, operating performance improved as the company's ear ...Read More >
Hyderabad, Oct 23 (PTI) Senior IAS officer Syed Ali Murtaza Rizvi's voluntary retirement has triggered a political storm in Telangana with the BRS accusing the government of "harassing" bureaucrats to engage in corruption. Rizvi, a 1999 batch officer who has about a decade of service left, opted for voluntary retirement from October 31 and the state government accepted it. The reasons for his VRS are not known. Addressing a press conference, BRS Working President KT Rama Rao alleged that IAS a ...Read More >
New Delhi [India], October 23 (ANI): India's exports of processed potato products are rising sharply, signalling the country's growing foothold in Asia's fast-expanding snack and convenience food supply chain, according to Global Trade Research Initiative (GTRI) in its latest note. The note added that most of the export turnover comes from dehydrated potato granules and pellets, with additional growth coming from products such as potato flour, starch, chips, and ready-to-eat potatoes Also Read ...Read More >
In a statement, he said around 70% of the 6.13 lakh acres of paddy fields was harvested but only 40% of the harvest had been procured so far PMK president Anbumani Ramadoss on Tuesday said the State government should strive to reduce the losses for farmers due to kuruvai paddy being 'left in the rain', and procure the currently stored paddy within next week. In a statement, he said around 70% of the 6.13 lakh acres of paddy fields was harvested but only 40% of the harvest had been procured so f ...Read More >
Senior Congress leader KC Venugopal has alleged that not only the PM SHRI scheme but every new incident in Kerala is part of a Bharatiya Janata Party (BJP)-Communist Party of India (Marxist) secret understanding. Speaking at a press conference here, Venugopal accused the left government of cooperating with the BJP on multiple fronts while pretending to oppose it publicly. Venugopal clarified that the Congress was not implementing the PM SHRI scheme. "It's wrong to say Congress is implementing ...Read More >
Berhampur/Bhubaneswar (Odisha) | Odisha Police on Wednesday arrested 12 people, including former Berhampur MLA and BJD's Ganjam district president Bikram Panda, for the murder of BJP leader and advocate Pitabas Panda, officials said. The BJD criticised the arrests of Bikram Panda and two other party leaders, calling them "politically motivated". Berhampur Superintendent of Police Saravana Vivek M told reporters that the murder was the result of "political rivalry, personal enmity and financial ...Read More >
NEW DELHI, Oct 21: Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the country, industry figures showed on Tuesday, marking the highest-ever festival season turnover in the country's retail and trading history. This marks a 25 per cent increase over 2024 festive sales (Rs 4.25 lakh crore) from the Navratri to Diwali period, according to CAIT Research and Trade Development Society, the researc ...Read More >
Nellore (AndhraPradesh) [India], October 21 (ANI): In view of the heavy rainfall, Nellore District Collector Himanshu Shukla has directed the Revenue and Police departments to remain fully alert. The Collector conducted a video conference with officials and instructed them to be completely prepared to handle any situation arising from the continuous heavy rains, according to a release. He emphasised that, starting Wednesday, arrangements should be made to evacuate people from low-lying areas to ...Read More >
India's Diwali sales hit a record high of Rs 5.40 lakh crore in goods and Rs 65,000 crore in services. This represents a 25 percent increase over last year. GST reforms and strong consumer demand fueled this growth. Brick-and-mortar stores saw a significant revival. Rural and semi-urban areas contributed substantially to the sales surge. Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the cou ...Read More >
This article first appeared on GuruFocus. * Revenue: INR 694 crore for Q2 FY26, a year-on-year growth of 20% and a quarter-on-quarter growth of 35%. * Half-Year Revenue: INR 1,206 crore, marking a year-on-year increase of 1.38%. * EBITDA: INR 48 crore for Q2 FY26, increased by 24% year-on-year. * EBITDA Margin: 6.93%, compared to 6.72% in the previous year. * Net Profit: INR 15 crore for Q2 FY26, a 33% increase year-on-year. * Order Book: INR 9,883 crore as of September 30, 2025, a year-on ...Read More >
New rules aim to speed up mine operations. Intermediary timelines and penalties are introduced for delayed production. Incentives like reduced duties are offered for faster output. Over 585 mines have been auctioned since 2015. The government wants to boost mineral production by ensuring timely operationalisation of these mines. The centre has amended Mineral (Auction) Rules, 2015, introducing intermediary timelines, aiming to speed up operationalisation of bid out mines. An official statement ...Read More >
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