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This article first appeared on GuruFocus. * Total Revenue: INR740 crores, overall growth of 7% year on year. * KFC Revenue Growth: 7% increase, with potential double-digit growth excluding Navaratri impact. * Pizza Hut Revenue Decline: 6% decrease, with double-digit growth in Tamil Nadu. * Sri Lanka Revenue Growth: 18% increase in LKR terms, 23% growth in INR terms. * Consolidated Restaurant EBITDA: Declined by 12% year on year, margin at 11.3%, down 240 basis points. * Adjusted EBITDA: IN ...Read More >
Karaikal (Puducherry) [India], September 28 (ANI): The Sri Lankan Navy has arrested 12 Karaikal fishermen while they were fishing in the Bay of Bengal near Kankesanthurai, the Rameswaram Fishermen Association said on Sunday. According to the association, the Navy accused them of crossing the international maritime boundary and took them to the Kankesanthurai naval camp for questioning. Their boat was also seized. Also Read | UPI EMI Payments: NPCI Likely To Introduce New Credit Options, Plans ...Read More >
Karaikal (Puducherry) [India], September 28 (ANI): The Sri Lankan Navy has arrested 12 Karaikal fishermen while they were fishing in the Bay of Bengal near Kankesanthurai, the Rameswaram Fishermen Association said on Sunday. According to the association, the Navy accused them of crossing the international maritime boundary and took them to the Kankesanthurai naval camp for questioning. Their boat was also seized. On September 25, 12 fishermen, Selvam, Sundar, Velmurugan, Kandasamy, Balaguru fr ...Read More >
CHENNAI: As many as 20 Tamil Nadu fishermen who were arrested by the Sri Lankan Coast Guard returned to Chennai on Tuesday. The fishermen from Rameshwaram went out to sea for fishing in two groups at the end of June. While they were fishing in the middle of the sea, the fishermen were surrounded by the Sri Lankan Coast Guard for crossing the border, and all of them were arrested and sent to prison. Later on July 27, another group of nine fishermen was arrested by the Coast Guard, and they were ...Read More >
Chennai (Tamil Nadu) [India], September 16 (ANI): Fishermen from Tamil Nadu's Ramanathapuram district, who were arrested by the Sri Lankan Navy for allegedly crossing the maritime boundary while fishing returned to Chennai after being released upon payment of a fine of Rs. 5 lakhs each. At Chennai airport, after completing customs and immigration procedures, they were received by Fisheries Department officials. Also Read | Boney Kapoor Recalls Cherished Memory With PM Narendra Modi, Says 'He C ...Read More >
Chennai (Tamil Nadu) [India], September 16 (ANI): Fishermen from Tamil Nadu's Ramanathapuram district, who were arrested by the Sri Lankan Navy for allegedly crossing the maritime boundary while fishing returned to Chennai after being released upon payment of a fine of Rs. 5 lakhs each. At Chennai airport, after completing customs and immigration procedures, they were received by Fisheries Department officials. Fishermen who had ventured into the sea on June 28 and 30 in two boats from Rameswa ...Read More >
New Delhi: In a major development, Starlink has received final regulatory approval to launch its commercial broadband services in India. The Indian National Space Promotion and Authorization Centre (IN-SPACe) has given an important approval to Elon Musk's satellite internet service. Starlink has now become the third satcom operator after Bharti-backed Eutelsat OneWeb and the Reliance Jio-SES joint venture, to receive all the necessary clearances for operating in the Indian market. Starlink's Ge ...Read More >
Former Manipur CM N. Biren Singh stated that efforts are underway to establish a popular government in the state, currently under President's rule. He expressed optimism about forming a new government soon, emphasizing the BJP and its allies' desire for restoration of popular governance.Former Manipur chief minister N Biren Singh on Saturday said efforts are underway for setting up of a popular government in the state which is now under President's rule. Speaking at the sidelines of a programme ...Read More >
June 28 (Reuters) - Indian state-owned Mazagon Dock Shipbuilders (MAZG.NS), opens new tab said it would buy a controlling stake in Sri Lankan peer Colombo Dockyard (DOCK.CM), opens new tab in a deal not exceeding $52.96 million to grow its shipbuilding and repair business. The transaction, involving the acquisition of at least 51% equity in Colombo Dockyard, will close within six months, after which the Sri Lankan shipbuilder will become a part of Mazagon Dock Shipbuilders, according to a regul ...Read More >
Mumbai (Maharashtra) [India], June 27 (ANI): Mazagon Dock Shipbuilders announced on Friday it is set to acquire a controlling stake in Colombo Dockyard PLC (CDPLC), Sri Lanka's largest shipyard, in a deal worth up to USD 52.96 million. According to the state-owned company, this marks MDL's first international acquisition. Also Read | YouTube Channel Claims Govt Is Giving INR 4,500 Per Month To Unemployed Youth Under 'PM Berojgari Bhatta Yojana'? PIB Fact Check Debunks Fake News. Located in th ...Read More >
COLOMBO (News 1st); An Indian national was arrested at the Bandaranaike International Airport (BIA) in Katunayake for attempting to smuggle a large quantity of Kush, a potent cannabis strain, into Sri Lanka. The arrest was made during a joint operation conducted by the Police Narcotics Bureau and Sri Lanka Customs. Authorities recovered 2 kilograms and 130 grams of Kush concealed in a false bottom of the suspect's travel bag. According to police, the estimated street value of the seized narcot ...Read More >
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