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Cupid Q1 net profit nearly triples to 44 crore on robust demand
Revenue more than doubles to 155 crore in the quarter
Berkshire Hathaways new CEO Greg Abel spends a chunk of the companys massive cashpile
Berkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile
Berkshire Hathaway buys back $4.5 billion of its own shares
Berkshire Hathaway Inc. spent about $4.5 billion to buy back its own shares in the second quarter, providing shareholders with the largest quarterly payout since 2021, as operating earnings surged.
NMDC slashes iron ore prices for second month in a row
Fifth price revision in as many months this fiscal. Lump ore price is below the April 5 level of 5,300.
India's record renewable generation in July cuts coal's share in power mix to 1-year low
The rise in Indias clean-energy generation comes as solar and wind output exceeded 100 gigawatts for the first time and accounted for a record 42.8% of Indias electricity supply on July 13, government data showed.
India warned Diageo that its whisky's matured in American oak casks claim was misleading
India's FSSAI warned liquor giant Diageo that it misleadingly claimed one of its top-selling whiskies was matured in American oak casks, when most of the product had not been matured.
RBI proposes leverage buffer for branches of global systemically important banks
Under the draft directions, a branch of a G-SIB operating in India will be required to maintain a minimum leverage ratio of 3.5 per cent, along with the leverage ratio buffer applicable to the parent global bank, including any additional buffer prescribed by its home regulator.
Quote of the day by Arnold Schwarzenegger: Arnold Schwarzeneggers iconic quote emphasizes that failure is not an endpoint, but an essential mechanism for personal transformation and strength. Drawing a direct parallel to resistance training in bodybuilding, where muscles must be strained to structural failure before they can rebuild stronger, Schwarzenegger argues that human character requires similar friction. Without encountering limits, individuals remain unaware of their true capabilities and cannot achieve meaningful self-growth. This timeless insight serves as a masterclass in reframing setbacks into psychological resilience and long-term achievement.
Billionaire Michael Moritz and his wife, artist Harriet Heyman, are offering up to $150 million through their Crankstart foundation to find bold ideas that could improve life in San Francisco. Their global Boundless San Francisco competition is seeking solutions to challenges including the citys housing affordability crisis, homelessness, public safety, transportation and post-pandemic economic decline. Up to three winning organisations could receive as much as $50 million each to turn their ideas into lasting projects.
ADNOC confirms one of its vessels targeted by missile while transiting Strait of Hormuz
An ADNOC vessel faced a missile attack while sailing through the Strait of Hormuz. The incident occurred early Saturday morning, August 8, with no reported injuries. The company confirmed the situation has been brought under control by authorities. Official sources are the only recommended places for information. Rumors and unverified details should be avoided by the public.
Jemimah Rodrigues ruled out of The Hundred with hamstring injury; Participation in Asia Cup doubted
Indian batter Jemimah Rodrigues has been ruled out of The Hundred due to a hamstring injury. She was a key performer for Southern Brave, scoring 143 runs in six matches. Her absence is a significant blow as the competition enters its decisive phase. Australian allrounder Charli Knott has been signed as her replacement. This withdrawal also raises concerns for India's upcoming Asia Cup campaign.
Delhi govt's drone policy likely to get nod soon; aims to create over 1000 jobs
Delhi's IT minister announced a new drone policy aiming to create over one thousand jobs. This comprehensive policy will focus on research clusters and flight testing facilities. It also plans to utilise drones for traffic management and surveillance purposes. The government will allocate a separate budget for infrastructure and implementation.
Iran releases video claiming to show captured US Reaper, Israeli Hermes drones
Iran has unveiled footage of what it claims is the wreckage of US and Israeli drones, demonstrating its air defense capabilities. However, these assertions regarding the downed drones remain unverified by independent sources. The drones featured, the US MQ-9 Reaper and Israeli Hermes 900, are both sophisticated surveillance systems, further emphasizing Iran's strategic military posturing amid ongoing regional tensions.
Apollo Micro Systems reported a 43% year-on-year rise in Q1 FY27 net profit to Rs 25.2 crore, while revenue surged 88% to Rs 251.3 crore. EBITDA rose 18% to Rs 48 crore, though margins moderated. The defence company said its best-ever first-quarter performance reflects strong execution and continued sector demand.
Gross GST collections grow 15.4% to more than 2.11 lakh crore in July on higher imports, sales
Tax collection from domestic transactions grew 10.1% to more than 1.44 lakh crore, while gross revenues from imports were up 29% to 66,511 crore
Aditya Birla Fashion and Retail Q1 loss widens to 249 crore
Total expenses of ABFRL, which owns Pantaloons and Style Up brands , along with a host of ethnic brands, were at 2,395.45 crore, up 11.5%
NBFC gold loans continue near 70% growth, reach Rs 3.41 lakh crore in June: RBI
Non-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June 2026, outpacing overall retail loan growth. Housing and vehicle loans also displayed robust credit growth during this period. The Reserve Bank of India strengthened regulations for gold and silver collateral loans. Credit to industry and services sectors experienced a moderation in growth.
Blackstone's AGS Health files updated draft papers for $500 million India IPO
In a significant move, AGS Health, operating under Blackstone, has filed revised draft documents for its upcoming IPO in India, which is projected at 48 billion rupees. This offering features a new share release, as Blackstone aims to divest shares worth 30 billion rupees. Notably, AGS Health, known for its revenue cycle management services for U.S. hospitals, achieved a profit of 2.07 billion rupees last fiscal year.
Eveready Industries Q1 profit rises over 22% to 37 crore, revenue grows 9%
Revenue from operations rose 8.97% to 407.71 crore in Q2 FY27, up from 374.14 crore in the same quarter last year
BEML Q1 loss narrows to 27 crore
Total income rose to 821.19 crore from 642.56 crore last year
Binance affiliates have accused RedotPay of fraud, claiming $472.8 million in losses in its lawsuit, alleging that founders of the Hong Kong-based crypto payments firm diverted customers to a rival product.
RBI has proactively helped UCBs; cooperatives should look at regulator differently: Amit Shah
Union Minister Amit Shah encouraged urban cooperative banks to view the RBI's support positively. He highlighted the central bank's proactive assistance to the sector recently. Shah also emphasized the safety of small borrowers for lenders. The National Urban Cooperative Finance and Development Corporation will relocate its head office. This move aims to strengthen the cooperative banking sector across key states.
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week
BSEs derivatives activity fell sharply in the first week of the Closing Auction Session, but higher premiums more than offset the decline in contracts. Premium per contract surged 74.8%, lifting average daily premium turnover 21.3% and pushing BSEs market share to 37.1%, according to Nuvama Institutional Equities.
Christopher Nolan's 'The Odyssey' earns over $1 billion at box office
The Odyssey earns $429.7 million at domestic box office and $570.3 million overseas, Deadline reports
SBI missed digital payments bus, now playing catch-up with YONO Pay: Chairman CS Setty
State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit for the June quarter.
CAS chaos splits Sensex and Nifty: How long will this last?
Nvidia to invest up to $3 billion in Stargate data centre developer Lancium
Nvidia will invest up to $3 billion in Lancium; the chip-maker will invest an initial $2 billion for a stake of roughly 20 per cent in the power infrastructure developer
An investigation team probing alleged donation embezzlement at the Ayodhya Ram temple has completed its inquiry. The chargesheet is expected to be filed in court by the end of next month. A special investigating team, headed by IGP Kiran S, is coordinating the police investigation. Previously, the SIT had raised serious questions regarding a former trust member's role.
Western states, UTs forge joint strategy against cybercrime, drug cartels
Police chiefs from seven western states met to devise a joint strategy. They finalized security arrangements for the 2028 Ujjain Simhastha Fair. Real-time intelligence sharing and synchronized anti-narcotics operations were resolved. Discussions also covered cybercrime and the use of modern policing technology. Future meetings will be held in Goa to continue these efforts.
Mukul Agrawals winning picks: 9 stocks rallied over 50% in CY26; one fresh Q1 addition
Investor Mukul Mahavir Agrawals portfolio rose 12% to around Rs 7,720 crore by June 2026. Several holdings delivered strong CY26 gains, led by Apollo Pipes, Hind Rectifiers and KRN Heat Exchanger. The portfolio also saw a new addition, Arisinfra Solutions, highlighting Agrawals continued focus on high-growth stocks.
Molbio Diagnostics collects Rs 281 cr from anchor investors ahead of IPO
Molbio Diagnostics has successfully attracted Rs 281.5 crore from anchor investors ahead of its much-anticipated initial public offering. The company aims to raise between Rs 904 crore and Rs 940 crore through this public issue, with funds earmarked for infrastructure improvements and new equipment for manufacturing facilities. Additionally, current shareholders will participate by selling portions of their stakes. The company
Natural gas loses momentum despite geopolitical risks: Will prices recover?
Natural gas prices remain subdued despite Middle East tensions, as abundant U.S. production, rising LNG supplies and healthy inventories outweigh geopolitical concerns. Weather-driven demand has also weakened following the winter rally. While near-term prices may remain rangebound, growing LNG exports, Asian demand, power generation and natural gas
Concurrent Gainers: 15 stocks that gain for 5 days in a row
Fifteen BSE 500 stocks posted gains in each of the five sessions from August 3 to 7. Apar Industries led with a 16% five-day gain, followed by Welspun Corp and Authum Investment.
Jharkhand government officials met with protesting job aspirants on Saturday. The meeting occurred as Devendra Nath Mahto's fast entered its seventh day. Protesters demand cancellation of the 14th Jharkhand PSC Civil Services Examination. They also seek an independent probe into alleged irregularities. Massive protests have occurred in Ranchi over the past two weeks.
70 years after South Africa's women challenged apartheid, some say their freedom isn't complete
South Africa marks seventy years since the 1956 Women's March against apartheid laws. Many women still face significant gender-based violence and economic inequality today. The Women's Jail, now a museum, honors activists who fought against oppression. Paralympic champion Kgothatso Montjane acknowledges the paved path for current generations. The past's lessons guide South Africa's ongoing journey toward true freedom and equality.
US sanctions bill makes India-US trade deal more critical, may push up import bill: Economist
Proposed US sanctions legislation makes India's trade deal with the United States more critical. Any disruption to crude supplies could raise India's import bill significantly. This situation may pressure the Indian rupee and impact the current account deficit. India will need to assess crude imports depending on ongoing US negotiations. The outcome of these talks will determine India's future energy import strategies.
Gujarat studies Maharashtra model to tackle nearly 100,000 defunct trusts
Gujarat is studying Maharashtras legal and technology reforms as it prepares to amend its public trust law and improve oversight of charitable institutions.The state has around 1 lakh dormant, defunct or inactive trusts that are no longer carrying out their stated charitable activities.
Cricketer Rishabh Pant has reached out to the Chief Minister of Uttarakhand for his help in securing land to build his first home in his home state. After three years of seeking suitable property, Pant aims to settle down and contribute to the development of Uttarakhand. He emphasized his desire to purchase the land at government rates, demonstrating his commitment to his roots.
2026 Independence Day: Businesses established by Partition refugees have become integral to Delhi's identity. Moti Mahal restaurant began its journey in Peshawar before relocating to Daryaganj. Bahrisons Booksellers started in Khan Market with a small collection of books. Frontier Biscuits originated in Hoti Mardan and later opened in Sadar Bazar. These enterprises showcase resilience and the ability to rebuild livelihoods.
NEET paper leak 2026: How WhatsApp watch message, Mygate app helped CBI crack case
A WhatsApp message initiated the CBI's investigation into the NEET-UG 2026 paper leak. Investigators used app logs and a WhatsApp group to track students and identify question setters. Chemistry professor PV Kulkarni allegedly shared questions after memorizing them from NTA preparations. Physics paper was leaked separately by another NTA panel member for a fee. Leaked papers were transported to Rajasthan and circulated as mock tests by coaching centers.
Beyond the headline number: What Indias Rs 1.3 lakh crore MTF book really tells us
Indias MTF book has surged nearly five-fold to over Rs 1.3 lakh crore, reflecting rising retail participation and deeper cash-market activity. Unlike leverage-driven volatility overseas, Indias regulatory safeguards, margin requirements, position limits and broker-level controls keep leverage collateralised and dispersed. These measures reduce systemic risks and support market resilience.
Dhoot Transmission raises Rs 918 crore from 72 anchor investors ahead of Rs 3,067-crore IPO
Dhoot Transmission has raised Rs 918 crore from 72 anchor investors ahead of its Rs 3,067-crore IPO, with domestic mutual funds accounting for 61.27% of the anchor allocation. The company will use the proceeds to repay debt, fund expansion and pursue acquisitions.
Top 5 stock market lessons from legendary investor Peter Lynch that you should follow
Legendary investor Peter Lynch
OpenAI flags possible critical cybersecurity risk in upcoming model, tightens controls
OpenAI has paused some internal development and trigger safety protocols of its upcoming AI model, Astra owing to critical cybersecurity risks
Reliance Industries, ITC among 10 stocks that saw highest buying by LIC in Q1. See full list
LIC increased its holdings in several major stocks during Q1FY27, with Bharti Airtel, Maruti Suzuki and ITC among the biggest buys, based on Prime Database data.
Vistra quarterly profit slips on hedginglosses despite strong power demand
Vistra Corp pares in second-quarter profit, as unrealised losses on commodity hedges outweighed strong growth in its power generation business
Ashish Yadav opens India's account with silver in men's javelin at World Athletics U20 Championships
Ashish Yadav secured a silver medal in the men's javelin throw event. His throw of 74.09 meters opened India's medal account at the championships. T Dharanidharan finished sixth with a throw of 72.35 meters. South Africa's Jan-Hendrik Heymans claimed the gold medal with a throw of 80.50 meters. Yadav became the second Indian to win silver in this event.
100% tariff threat looms over India: US Senate passes Graham Act targeting Russian oil buyers
'Not aware of any such proposal': Hardeep Puri on LPG cess
Rishabh Pant seeks CM Pushkar Singh Dhamis help to buy land in Uttarakhand after 3-year search
Cricketer Rishabh Pant has appealed to the Uttarakhand Chief Minister for assistance in acquiring land. Aspiring to shift from Delhi to his native state, Pant has faced three years of challenges in securing land. He plans to construct his first home and contribute positively to Uttarakhands progress, indicating a readiness to buy government land at prescribed rates.
Bay leaves have taken social media by storm as users add them to their phone cases, believing it brings fortune and positivity. Drawing inspiration from ancient Greek and Roman cultures where bay leaves symbolized success, this practice is thought to attract good vibes and ward off negativity. It's important to position the leaf carefully, keeping it away from phone parts, though scientific research does not validate these beliefs.
On the menu at kanwar camps; pasta, pizza, chhole-puri, rasgulla and more
Kanwar camps in Meerut are providing a wide variety of food options for devotees. These camps are mixing traditional dishes with modern cuisine, all prepared without onion and garlic. Some camps are utilizing machines for food preparation and have declared themselves plastic-free. District authorities are continuously inspecting these private camps to ensure quality and hygiene standards. The UP government stated that full-day meal schedules are arranged for all kanwariyas.
Jammu and Kashmir Police conducted raids across five districts on Saturday. These searches targeted suspected terror-related activities and radicalization networks. Officials seized electronic devices and other incriminating material during the operation. The investigation is proceeding based on a registered FIR at CIK, Srinagar. Recovered items will undergo forensic examination for further analysis.
Kerala rains persist: Several districts remain inundated
Rains persist across Kerala, prolonging waterlogging and inundation in many districts. Moderate rainfall is forecast for isolated places in seven northern and southern districts. An orange alert has been issued for several districts, indicating very heavy rainfall is expected. Holidays were declared for educational institutions in eight districts as a precautionary measure.
Track all the latest Q1 FY27 earnings announcements, corporate developments and management commentary as companies including Delhivery, Eveready Industries India, Medi Assist Healthcare Services, Oswal Pumps, Studds Accessories report their June quarter results.
Titan's June quarter profit surges 63% YoY, income up 40%
Titan Company has shown impressive growth, reporting a staggering 63% increase in profit, largely driven by a surge in demand for jewellery during the Akshaya Tritiya festival. The consolidated income jumped by 40%, reaching around Rs 20,753 crore. Notably, jewellery sales, excluding bullion, rose by 43% to Rs 18,253 crore, while the watches and EyeCare segments also saw significant revenue boosts.
Ola Electric's Q1 revenue drops 45% YoY but loss narrows to Rs 336 crore
Ola Electric faced a significant downturn in its June quarter operations, reporting a steep forty-five percent decline in revenue compared to last year. The company earned four hundred fifty-five crore rupees in the first quarter, with vehicle registrations also dropping as compared to the previous year. Despite this, Ola's net loss displayed a slight improvement, narrowing by about twenty-one point five percent year-on-year, with overall unit deliveries also decreasing.
UN flags need for accountability if peaceful PoK protesters harmed
The United Nations voiced concerns regarding the security situation in Pakistan-occupied Kashmir. UN officials emphasized the need for accountability for actions against peaceful protesters. The High Commissioner for Human Rights urged investigations into protester deaths and bans. Restrictions on internet access and public gatherings were also highlighted as violations. Authorities were urged to ensure internet access and engage in inclusive political dialogue.
LICs 16 lakh crore money trail: Top stock buys & biggest exits
Hindalco posts record Q1 profit of Rs 7,013 crore as aluminium prices soar
Hindalco Industries achieved record profit and sales in the June quarter, driven by soaring aluminium prices and a rebound at Novelis. The company is now focused on executing ongoing projects valued at fifty thousand crore rupees while exploring further investments for future growth. Aluminium prices are projected to stay robust, despite a slight sequential dip.
As we approach Independence Day 2026, it's a chance to write about the journey of freedom in contemporary India. Students can create essays and speech ideas about the legacy of our freedom fighters, reflecting a deeper appreciation for the struggles that led to our current freedom. Engaging discussions will also focus on India's remarkable milestones since independence, highlighting the essential role of young voices in crafting a vibrant and hopeful future.
SBI's Q1 profit jumps 10% YoY on loan growth, beats Street estimates
State Bank of India announced a notable ten percent growth in net profit for the June quarter, driven by robust loan growth that amplified its operating income. The year-on-year increase of fifteen percent in net interest income signifies healthy core earnings from its lending activities. Additionally, the bank aims to raise ten billion dollars through specialized FCNR(B) deposit schemes.
SGX to drop India-linked single-stock futures
The Singapore Stock Exchange's recent decision to halt trading in single stock futures linked to Indian equities marks a pivotal shift, likely spurred by Indian regulators' scrutiny of derivative contract practices on SGX. This alteration may compel foreign investors to realign their approaches toward accessing Indian stocks, potentially resulting in increased trading activity at GIFT City with a revised revenue-sharing framework.
Inox Wind Q1 PAT falls 34% on strategic shift, says benefits to reflect from Q3
The company said operations remained resilient after its strategic pivot towards an equipment supply-led business model, the benefits of which are expected to start reflecting from third quarter onwards
D-Street overcomes CAS pain to post weekly gains
In a week marked by volatility, Indian equity indices ended on a positive note, showcasing their ability to bounce back. The initial worries prompted by the closing auction system quickly faded, as diminishing global oil prices and easing geopolitical conflicts uplifted investor sentiment. Mid and small-cap sectors demonstrated significant strength, with institutional investors, both domestic and foreign, snapping up Indian equities.
ASK Property Fund invests in Bhoomika Group real estate projects
ASK Property Fund will invest 125 crore in a plotted development project in Faridabad, as a part of its arrangement to invest 500 crore in Bhoomika Group real estate projects
DRDO expeditiously finalise clear, measurable key performance indicators: Parl panel on defence
A parliamentary panel urged DRDO to finalize clear performance indicators for projects. It also recommended strengthening ex-servicemen welfare and educational support for their families. The committee desires a comprehensive study on expanding educational opportunities for defense personnel's children. Migration of ECHS applications to the National Government Cloud is a welcome initiative. The panel strongly recommends increasing the defense research and development budget.
Atiq Ahmed's jailed sons granted parole to attend brother's funeral
The Allahabad High Court granted parole to Atiq Ahmed's jailed sons. They will attend their brother Abaan Ahmed's funeral under police custody. The court directed the Uttar Pradesh DGP to ensure their security. Abaan Ahmed and his friend Sonu died in a vehicle accident. Their mortal remains were brought back to Prayagraj after post-mortems.
Renu Dhariyal from Haldwani, Uttarakhand, has achieved a new Guinness World Record for her exceptionally long hair. Her hair measures an impressive 271.5 centimeters, surpassing the previous record holder from Ukraine. Renu stopped cutting her hair in 2015, inspired by traditional Indian views on beauty and identity. She maintains her hair using homemade oils and shampoos, avoiding chemical-based products.
In a candid conversation, actor R. Madhavan shares his views on embracing natural grey hair and the art of aging gracefully. Drawing inspiration from veterans like Rajinikanth and Ajith Kumar, he emphasizes personal growth and honing his craft. His latest role as GD Naidu in the biopic G.D.N. showcases his commitment to exploring varied character arcs and narratives.
Brain aging research: Older honeybees showed renewed learning abilities after changing social roles. Scientists observed significant molecular changes within the brains of these bees. These changes included specific proteins also found in humans. The findings suggest brain aging may be more flexible than previously thought.
Trump administration to invest $3 billion into minerals projects to boost US defense supply chains
USA-TRUMP-MINING:Trump administration to invest $3 billion into minerals projects to boost US defense supply chains
LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, MD, LIC
LIC said the governments 31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer will focus on growth, margins and distribution, while the government must raise public shareholding to 25% by 2032.
PFRDA approves four new pension funds, increasing total to 14 for NPS subscribers
The Pension Fund Regulatory and Development Authority has approved four new pension funds. This expansion aims to increase non-government NPS subscribers significantly over five years. Digital initiatives are expected to attract millions of new subscribers annually. PFRDA emphasises accessibility and simplified onboarding for broader pension coverage. Conservative schemes have delivered strong annual returns, building on past successes.
NBFC credit surges 14.4% to 59.3 lakh crore in June, retail loans lead growth: RBI data
Non-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 percent. Housing and vehicle loans, and gold jewellery loans showed robust growth. Credit to industry expanded by 6.7 percent, while services sector credit grew 17.6 percent. Agriculture and allied activities credit increased significantly by 17.9 percent.
Quote of the day by Christopher Walken says, At its best, life is completely unpredictable. The line looks at uncertainty as part of life. It suggests that people cannot plan every event or outcome. The quote encourages people to accept change, remain open to unexpected experiences, value the present and adjust when plans change.
Shakespeare's timeless insight sheds light on how fragile reputation is in today's world. Public opinion can easily elevate or tarnish an individual's status without justice. This guidance advocates for a commitment to integrity and sincerity in daily life. Authentic self-worth and character are not dictated by others' views, urging us to cherish genuine growth over transient applause.
Minister Deepak Prakash can remain minister after MLC nomination, Bihar government informs SC
Bihar government informed the Supreme Court about minister Deepak Prakash's MLC nomination. He has now taken his oath as a Member of the Legislative Council. This development addresses the plea seeking his removal from the ministerial post. The court was informed that Prakash is no longer barred from continuing as minister. His nomination ensures he meets the constitutional requirement for holding the position.
Ethan Allen CEO Defends Leadership After Activist Challenge
Ethan Allen Interiors Inc. Chief Executive Officer Farooq Kathwari, responding to an activist investors proxy challenge this week, said the furniture store is focusing on long-term retail sales over short-term digital sales.
India's forex kitty swells by $10.5 bn to $692.87 billion
The overall kitty had jumped by $6.118 billion to $682.354 billion in the previous reporting week
Hero MotoCorp Q1 PAT down 16.86% at 1,417.93 crore
The previous year PAT included a one-time gain of 722 crore on account of dilution of the company's share of investment in associates consequent to public issue and private placement, Hero MotoCorp said in a statement
Revamp of Model Bilateral Investment Treaty in works, to be presented to Cabinet soon: Secy
The BIT is under review, and we are looking at many other clauses based on our experience in the negotiations and based on global practices...it is a work in progress. Consultations are underway, and we are reviewing the Model BIT, says Anuradha Thakur
Overall EV retail sales in July 2026 surge 66% to 3.28 lakh units
During the month electric two-wheelers retail sales crossed the two-lakh mark for the first time and surged to 204,362 units up 88% YoY. This segment achieved a market share of 11.2% as compared with a share of 7.7% a year ago. This segment was led by TVS Motor which retailed 55,499 units, up 135% YoY
Titan sees jewellery demand rebound despite high gold prices
Titan's managing director Ajoy Chawla said the company has significant room to expand as Indias jewellery market becomes more organised, consumer spending rises and customers move towards premium products.
U.S. accounts for 67% of Indias LPG imports, Petroleum Minister Hardeep Puri
Before the conflict broke out in West Asia, India imported about 60% of its LPG requirement of which 90% transited through the Strait of Hormuz.
Hindalco Q1 net profit surges 75% to 7,013 crore, sales up 32%
Hindalcos milestone performance was driven by favourable macro tailwinds and the Companys strategic focus on resource security, premium product innovation and relentless operational excellence, the company said in a filing
OMCs refute chloride contamination, excess moisture in E20 fuel
The OMCs based their assurance on E20s reliability based on checks across retail outlets, refineries and at the point of ethanol procurement, that is, distilleries
Travis Head wins second straight Allan Border Medal, joins elite list
Travis Head secured his second consecutive Allan Border Medal award. He narrowly defeated close friend Alex Carey by a single vote. Mitchell Starc received the Shane Warne Men's Test Player of the Year award. Mitchell Marsh was named ODI Player of the Year. Tim David earned the T20I award for his performances.
India identified 27 places, features in Arunachal Pradesh by their standard names on official map
India has formally identified twenty-seven places in Arunachal Pradesh on its official map. This action aims to ensure accurate recognition and public awareness of these locations. China has repeatedly renamed places in Arunachal Pradesh, which India rejects. India asserts Arunachal Pradesh is an integral part of the nation. These efforts aim to counter China's attempts to create baseless narratives.
FAA orders crack inspections for hundreds of Boeing 737 Max jets
The Federal Aviation Administration has mandated that inspections be carried out on numerous Boeing 737 Max aircraft due to potential cracks detected in older models. This concern has been known since Boeing flagged the issue and collaborated with operators over the last six years. In response, inspections for Max jets will now be enforced by the FAA, highlighting ongoing safety and quality challenges Boeing has encountered.
