Adani Enterprises Ltd, the flagship incubator of billionaire Gautam Adani's conglomerate, on Thursday reported a 37 per cent drop in March quarter net profit, bogged down by one-time past airport dues and commercial mining losses. Its consolidated net profit of Rs 450.58 crore in January-March - the fourth quarter of fiscal year 2023-24 - compares to Rs 722.48 crore net profit in the same period last year and Rs 1,888.45 crore earning in the preceding quarter, according to a stock exchange filing by the company.
ABB reported a weak quarter. Revenue was at Rs 2,910 crore, up only 5 per cent year-on-year (Y-o-Y), with operating profit at Rs 540 crore, up 23 per cent and net profit at Rs 440 crore.
Computer science has been an evergreen choice among engineering aspirants. However, with the rise in AI, students are increasingly realising the potential of automation and robotics.
The protesters torched tyres and old furniture in the middle of the road in Kwakeithel and Uripok, demanding the release of the leader. The situation remained tense on Sunday morning.
A new law that defines how companies should process users' data came into force with the President giving assent to the Digital Personal Data Protection (DPDP) Act passed by Parliament in the just-concluded monsoon session. The law arms individuals with greater control over their data while allowing companies to transfer users' data abroad for processing, except to nations and territories restricted by the Centre through notification. It also gives the government power to seek information from firms and issue directions to block content.
Foreign companies now pay less tax relative to their earnings than at any time in more than three decades. Foreign private companies paid 24.36 per cent of their pre-tax profit as tax in 2023-24, show numbers from the Centre for Monitoring Indian Economy (CMIE).
A court in Kerala has sentenced a man to life imprisonment for brutally raping and physically assaulting a 19-year-old COVID-19 patient belonging to the Dalit community. The incident occurred in 2020 while the woman was being transported to a treatment center. The accused, Noufal, was also ordered to pay a fine of Rs 2,12,000. The court found him guilty after a trial that involved examining 55 witnesses, reviewing 83 documents, and inspecting 12 material exhibits. The investigation was led by R Binu, Deputy Superintendent of Police (DySP) in Adoor at the time.
FIR has also been registered against a polling personnel Dinesh Gurav, who was an Encore (poll portal) operator with the Election Commission.
A new study by IIT-Kharagpur warns that ozone pollution could significantly reduce agricultural yields in India, particularly impacting wheat, rice, and maize production. The study, published in the journal 'Environmental Research', highlights the vulnerability of major food crops to rising surface ozone levels, especially in the Indo-Gangetic Plain and Central India. The researchers call for effective emission reduction strategies to mitigate these risks and ensure global food security.
The share of Ahmedabad in the total value of trades on both the BSE and NSE is set to touch double digits for the third year in a row.
'Nobody asked us to work on this. It was on our own that we decided to embark on this journey.'
'No one manufactures intelligence at the moment.' 'This is a concept that your IT industry understands.' 'What you need is infrastructure. Everything else can then be taken care of.'
Goods and Services Tax (GST) collection rose 12.6 per cent Y-o-Y to an all-time high of about Rs 2.37 lakh crore in April, which the government said shows resilience of the Indian economy and the effectiveness of cooperative federalism. The gross GST mop-up was Rs 2.10 lakh crore in April 2024 -- the second highest collection ever since GST was rolled out on July 1, 2017. The net mop-up was Rs 1.92 lakh crore.
Manufacturing's share in the profit pool of companies had declined before the pandemic.
Stand-up comedian Kunal Kamra has written an open letter to BookMyShow requesting the online ticketing platform to either not delist him or to hand over the contact information of audience members he has earned through his solo shows over the years. The letter comes days after Shiv Sena claimed BookMyShow had taken Kamra off the sale and artists list from its platform amid ongoing controversy around his 'traitor' jibe against Maharashtra Deputy Chief Minister Eknath Shinde.
So far, over 30 people have died across Northeastern states due to heavy rainfalls, floods and landslides, according to media reports.
Mumbai Indians, the five-time IPL champions, have a robust scouting system that unearths hidden gems from across the country.
US-based Citigroup is likely to allocate more global roles to India than to any other centre it operates in due to the country's strong talent pool, said Jane Fraser, chief executive officer of Citigroup, on Wednesday in an interaction with CNBC-TV18. Fraser also expressed confidence that India will remain the world's fastest-growing economy.
The government has to specify what it intends to do with caste census data. It will be closely tracked if the government would simultaneously move towards removing the present 50% bar on reservations using means which are permitted in law. If this is not done, the entire exercise will become meaningless and could boomerang on the BJP, observes Nilanjan Mukhopadhyay.
With India making it clear that the US doesn't have enough spare capacity for crude oil, Washington, DC, now wants India to sign fixed-term liquefied natural gas (LNG) contracts with American producers, multiple sources in the know said.
Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25. The FY25 revised estimates (RE) indicate 7 per cent growth in FY25 against FY24, implying 21 per cent Y-o-Y growth in Q4FY25 government capex.
Competition from Nepalese teas -- which has duty free access to the Indian market -- has emerged as a lower-cost alternative to Darjeeling tea, challenging its viability.
Quick commerce (qcom) industry is poised to lead gig workforce hiring in 2025, propelled by a surge in demand for faster deliveries, expansion by existing players, entry of new competitors, and evolving consumer preferences in the post-pandemic era, according to industry experts. The qcom industry currently employs nearly 260,000 people - around 200,000 delivery personnel and 60,000 dark store workers, according to TeamLease Staffing.
An Air India aircraft with 242 passengers on board heading to London crashed in the Meghaninagar area near Ahmedabad airport on Thursday afternoon, the police said.
Adani Group on Wednesday said it will invest over Rs 12,400 crore in an array of projects including a data centre, clean energy project, and a cement plant in Telangana. The group signed four memorandums of understanding (MoUs) for the investments at the World Economic Forum in Davos in presence of Telangana Chief Minister Revanth Reddy and Adani Group chairman Gautam Adani. The conglomerate's flagship firm Adani Enterprises will invest Rs 5,000 crore in setting up a 100 MW data centre that will use green energy while its renewable energy unit Adani Green Energy Ltd will spend an equivalent amount in setting up two pump storage projects.
'The universe of PSU stocks is huge and diverse.' 'Investors should bet on specific sectors and stocks from the basket as most of them may continue to consolidate after years of outperformance.'
'It has the potential to sow seeds of furthering discord when the direction of the discourse is aimed at propagating the perceived supremacy of 'cultural nationalism' from a distant past over the prevailing dominance of 'Constitutional nationalism',' argues N Sathiya Moorthy.
The coach also needs to be technically savvy with knowledge of biomechanics and ability to decipher the data stored in GPS devices.
The TMC-led West Bengal government has already started laying the groundwork for the election, setting the tone with the recent Bengal Global Business Summit and the state Budget.
While IITs have a reputation of their own, companies like Google, Microsoft, Amazon and Adobe prefer IIITs over most NITs for software roles due to their specialised training, says rediffGURU Mayank Chandel.
Children below the age of 15 years account for about 10 to 12 per cent of India's overall TB burden.
The matter came up before Justice Subramonium Prasad who listed it for hearing on October 16.
The Supreme Court on Thursday sought responses from the Centre, the National Testing Agency (NTA) and others on petitions seeking the cancellation of National Eligibility-cum-Entrance Test (Undergraduate)-2024 (NEET-UG 2024), and a court-monitored probe into the alleged irregularities in the medical entrance exam.
The advisory has asked government staffers to delete such an e-mail if received in their inbox.
The government on Thursday tabled the Digital Personal Data Protection Bill 2023 in the Lok Sabha with an aim to protect the privacy of Indian citizens, while proposing a penalty of up to Rs 250 crore on entities for misusing or failing to protect digital data of individuals.
'If the period between 1991 and 2014 was about laying the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off.'
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
The Supreme Court of India has assured the creation of a robust mechanism to address the alarming number of suicides occurring in Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs). The court was informed that 18 suicides had taken place in these institutions over the past 14 months. The court has also directed the University Grants Commission (UGC) to finalize draft regulations aimed at combating caste-based discrimination in educational institutions.
'If delimitation is not handled well by the Centre, the southern states are certainly going to challenge it.'
Last week, opposition parties had hit out at the government after it told Parliament that no deaths due to oxygen shortage have been specifically reported by states and Union Territories during the second COVID-19 wave.
