The performance of Hindustan Aeronautics Limited (HAL) for 2024-25 (FY25) was driven by improved margins and lower provisions. The order book as of March was of Rs 1.8 trillion, with inflows of Rs 1 trillion during FY25.
In a fresh twist in the fight to gain supremacy in the Indian retail market, billionaire Mukesh Ambani's Reliance Retail has slapped notices on Future Retail for terminating sub-leases of 950 stores it had taken over previously. In stock exchange filings, the Kishore Biyani-led debt-laded Future Group firms said they have been served notices to terminate the lease of 835 Future Retail stores and 112 Future Lifestyle stores. Last month, Reliance Retail had taken over store spaces for which the Future Group couldn't pay lease rent. These were then sub-let to the Future Group for operation.
The interplay between domestic and foreign capital will shape India's equity markets.
'A stage that seems big -- but it's (the) one that's familiar -- so we banked on him being comfortable with his surroundings and he certainly looked all that. It was an impressive debut.'
'We do not want to fall into a trap of uncontrolled escalation or all out conflict.' 'When the need arises we will do that.'
'As they assaulted me, they kept shouting, "So, you rascal, you speak against officers? Against ministers?" -- and each accusation was accompanied by more blows. 'Seeing that I could not get up, they began stamping on me with their feet and continued until they were exhausted.' Pinarayi Vijayan -- now Kerala's chief minister -- was imprisoned during the Emergency. This is his account of what the police torture he suffered in jail. A revealing excerpt from Goa Governor P S Sreedharan Pillai's Democracy Enchained, Nation Disgraced: Dark Days Of India's Emergency. The first of a series to mark 50 years of the Emergency.
The chief adviser's decision to stay in office came two days after he told student-led National Citizen Party (NCP) leaders that he was mulling resignation as he felt "the situation is such that he cannot work", citing difficulties in working amid the failure of political parties to find common ground for change.
Railways ramps up project to instal AI-based cameras that can recognise faces.
Kerala Chief Minister Pinarayi Vijayan has accused the RSS of "majority communalism" over an article published in an RSS mouthpiece regarding the Catholic Church's property holdings in India. The article, which has since been removed from the website, called for the government to acquire the church's land, claiming it was illegally leased during the British era. Vijayan said the article reveals the "true mindset" of the RSS and its alleged plan to "target minority groups one by one and destroy them step by step." The Leader of the Opposition in the Kerala Assembly, V D Satheesan, echoed Vijayan's concerns, stating that the article shows the RSS's intent to target the Church's property. He also claimed that the article's publication coincides with the passing of the Waqf Bill in Parliament, suggesting a pattern of targeting religious communities. Meanwhile, the BJP state president, Rajeev Chandrasekhar, denied the article's accuracy and stated that the article was removed after it was found to be untrue. He also emphasized that owning land is not a crime, and countered allegations that the Congress and Waqf have illegally acquired land in Karnataka. Archbishop Joseph Pamplany of Thalassery, however, expressed confidence that the Church is not afraid of any "Church Bill", as its properties have been earned through hard work. He said the Church will take legal action if necessary.
A Pune-based woman, whose husband was killed by terrorists in Pahalgam, recounted how she and other women in the group quickly removed bindis from their foreheads and began chanting "Allahu Akbar" when they saw the attackers asking men to recite 'azaan'. But the frantic attempts to hide their religious identity failed to help as the gun-wielding terrorists did not spare the woman's husband and his friend, who was also from Pune. Sangita Ganbote, the wife of Kaustubh Ganbote who was among the 26 persons killed by terrorists at Baisaran near Pahalgam, also said that when a local Muslim man confronted the attackers and asked why they were killing innocent people, they stripped him and shot him dead.
Future Retail and its promoters have filed appeals before the division bench of the Delhi high court challenging the order passed on Tuesday that dismissed the Group's petitions for termination of the Amazon arbitration. The Delhi high court on Tuesday dismissed the pleas moved by Future Group companies seeking a direction to the arbitration tribunal, adjudicating Amazon's objections against Future Group's deal with Reliance, to take a decision on their application for terminating the arbitration proceedings before moving any further.
The political and ideological differences between the Congress and Shashi Tharoor is no longer a matter of whispers.
'It concerns the sea and the security of the nation. What has happened is a big tragedy.'
'For weeks, months and years, it would continue to be debated if India should have pushed the early advantage and decapacitated Pakistan militarily.' 'India refused to bite the provocatively proverbial bullet and escalate it into a full-fledged war,' notes N Sathiya Moorthy.
"Multi-hyphenation is the future. Everybody should do everything. After all, we have one life," says Chef Ranveer Brar.
ECB should offer BCCI minority ownership in Hundred to attract Indian players: Lancashire CEO
'One good outcome of Operation Sindoor -- perhaps, its best outcome -- could be that India has resumed meaningful contact directly with Pakistan at the military-to-military level,' observes Ambassador M K Bhadrakumar.
Religare Enterprises Ltd (REL) on Monday notified the exchanges that its Board has commissioned a governance review of REL and its subsidiaries - Religare Finvest and Religare Housing Development Finance. Additionally, the Board has decided to approach the new promoters, the Burman Group, for immediate funding support to sustain operations of the company.
Acutely conscious that he's left with less than four years to create his legacy, Trump is undoubtedly a man in a hurry, observes Ambassador M K Bhadrakumar.
In an interview to PTI ahead of the IPL play-offs, Ponting covered all areas that got the franchise much-needed success. Excerpts from the interaction.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
For the first time, the Data Security Council of India assembled a joint task force to source threat intelligence at the origin and ensure coordinated action across the cybersecurity spectrum.
State-owned Engineers India and MECON as well as four private entities are in the fray for the project to comprehensively revamp RBI's currency management infrastructure in order to cater to future cash needs of the country's fast growing economy. The four private entities are: Accenture Solutions; Colliers International (India) Property Services; PricewaterhouseCoopers and The Boston Consulting Group (India).
Automotive (auto) major Tata Motors posted a 51 per cent drop in consolidated net profit for the January-March quarter (Q4) of 2024-25 (FY25), to Rs 8,470 crore, due to a deferred tax asset of almost Rs 9,000 crore in the corresponding quarter of the previous financial year and an exceptional item of Rs 566 crore during the quarter. Revenue was up just 0.5 per cent year-on-year (Y-o-Y) at Rs 1.18 trillion for Q4FY25.
'It brings precarious peace because the red lines have shifted. 'The next Pahalgam attack would mean a full scale war.'
Ride-hailing unicorn Rapido is quickly scaling up its four-wheeler segment, which now contributes up to 25 per cent of its total bookings. Aravind Sanka, Rapido's cofounder, in a video interview with Udisha Srivastav/Business Standard, shares insights on the company's plans to expand into the segment, how BluSmart's exit has created an opportunity for the company, its push towards green mobility, and navigating state-specific policies.
India's versatile media and entertainment industry can grow more than three-fold to $100 billion in the next decade, creating millions of jobs and a ripple effect across sectors, billionaire Mukesh Ambani said on Thursday.
Kolkata Knight Riders all-rounder Rovman Powell says the team remains upbeat despite a challenging IPL season, stressing that their fate is still in their own hands as they look to gain late momentum. KKR have won just four of their 10 matches and must win all four remaining fixtures to make the playoffs.
Paytm operator One97 Communications Ltd on Wednesday said it is not in talks to sell a stake to the Adani Group. Adani group has also termed such reports as "false and untrue." Commenting on a report that billionaire Gautam Adani was in talks with Paytm CEO Vijay Shekhar Sharma for a possible stake buy, One97 Communications said, the "news item is speculative and the company is not engaged in any discussions in this regard."
With the RBI infusing Rs 7.5 lakh crore in liquidity -- and possibly more in the future -- the short- to medium-term corporate bond market is expected to benefit.
For the fiscal ended 2021, the group has made a loss of Rs 5,943 crore on sales of Rs 11,723 crore, a drop of 66 per cent over fiscal 2020. The group's total debt was up by 7 per cent to Rs 20,742 crore.
'Nobody asked us to work on this. It was on our own that we decided to embark on this journey.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
According to the report, Lancashire issued a statement saying they had been looking for a partner, preferably from the IPL, and now that the deal has been secured they foresee an "exciting future" for the side.
The stock of India's largest listed pure-play retail company, Avenue Supermarts (DMart), has slipped over 10 per cent from its monthly highs. A weak operational performance in the fourth quarter (January-March) of financial year 2024-25 (Q4FY25) and muted near-term outlook due to intense competitive pressures and higher costs could lead to downward momentum on the stock. While the stock dipped by 3.44 per cent in early trade on Monday, it recovered a bit to close 1.07 per cent lower at 4,017.
The government will send seven all-party delegations to key partner countries, including members of the United Nations Security Council, later this month to convey India's message of zero tolerance against terrorism following the Pahalgam terror attack and Operation Sindoor.
The Trump administration has revoked Harvard University's eligibility to enrol foreign students, raising concerns over the legal status of thousands of students, including nearly 800 from India, currently enrolled at the varsity.
Whether you're a young professional, a seasoned entrepreneur, or someone simply looking to take control of your financial future, adopting these principles can be life-changing, says Ramalingam Kalirajan
'I'm not accepting the 'any act of terrorism is an act of war' threshold.' 'I don't think this is sustainable because if you do this four or five times in a short duration, it will lose its edge.'
Future Retail has shut most of its Big Bazaar stores since February 25 (Friday) and its website is also down as it missed lease payments to Reliance Industries (RIL). RIL will open most of the 200 Future Retail stores as Reliance stores in the next week and it is in the process of taking stock, re-branding, and transferring 30,000 Future Retail and Future Lifestyle employees on to the rolls of its manpower and staffing firm Reliance SMSL, according to a source. The first tranche of stores are set to be opened as early as in the next two days.
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