Friday, March 13

Business

Adani Ports Q1 profit gain 6.54% to Rs 3,310.60 crore
Business, News

Adani Ports Q1 profit gain 6.54% to Rs 3,310.60 crore

New Delhi, Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported a 6.54 per cent rise in its consolidated net profit to Rs 3,310.60 crore in the June quarter of the current fiscal year on the back of increased income. The company had posted a net profit of Rs 3,107.23 crore in the April-June quarter of FY25, in a regulatory filing. Total income rose to Rs 9,422.18 crore in the quarter under review from Rs 8,054.18 crore in the year-ago quarter. Expenses also rose to Rs 5,731.88 crore during the period from Rs 4,238.94 crore in the year-ago quarter.
Copper futures prices gain on spot demand
Business, News

Copper futures prices gain on spot demand

New Delhi, Copper futures prices on Monday rose 0.16 per cent to Rs 885.65 per kg on increased spot demand. At the Multi Commodity Exchange, copper contracts for September delivery rose by Rs 1.45, or 0.16 per cent, to Rs 885.65 per kg in a business turnover of 1,206 lots. Analysts attributed the rise in copper prices to higher bets by participants.
Center Fresh and YouGov “India Overthinking Report” finds a nation is thinking more about pizza than politics
Business

Center Fresh and YouGov “India Overthinking Report” finds a nation is thinking more about pizza than politics

A new report by Center fresh and YouGov has uncovered a startling trend among Indians—overthinking dominates their daily lives, even in the most mundane moments. Titled the India Overthinking Report, the study found that 81% of Indians overthink for more than three hours a day, with one in four calling it a constant habit. The report highlights a curious national mindset: 63% of Indians say deciding on food is more stressful than choosing a political leader, with 61% admitting they spend more time pondering a food order than national elections. This indecisiveness extends to digital life too, with nearly 32% fretting over whether an emoji might come off as “too much.” In Shillong, this pattern holds strong among students and young professionals. Local eateries report customers often...
ITC Q1 results: Net profit steady at ₹4,912 crore, revenue grow 20% y-o-y
Business, News

ITC Q1 results: Net profit steady at ₹4,912 crore, revenue grow 20% y-o-y

India's leading fast-moving consumer goods (FMCG) company, ITC Ltd on Friday, August 1, reported a steady standalone net profit of ₹4,912 crore for the April-June quarter as against ₹4,917 crore in the same period last year. However, the company's operating revenue during the quarter under review grew 20% y-o-y to ₹21,059 crore as against ₹17,593 crore in the same period a year ago. This strong growth in revenue was led by cigarettes, agribusiness and FMCG. ITC reported stable operating performance as its earnings before interest, tax, depreciation and amortization (EBITDA) grew 3% to ₹6,261 crore in Q1 FY26 from ₹6,086 crore in the same quarter last fiscal. In Q1 FY26, EBITDA margin declined to 30% from 34.5% in the same quarter last fiscal. ITC said it delivered strong perfo...
Maruti Suzuki July sales gain 3%
Business, News

Maruti Suzuki July sales gain 3%

New Delhi, Maruti Suzuki India on Friday reported that total sales in July rose 3 percent year-on-year to 1,80,526 units, led by exports. The leading automaker had sold a total of 1,75,041 vehicles in the same month last year. Total domestic passenger vehicles dispatched to dealers grew marginally as compared to 1,37,463 units in the same month last year, Maruti Suzuki India (MSI) said in a statement. Sales of mini segment cars such as Alto and S-Presso declined to 6,822 units from 9,960 units in July 2024. Sales of compact cars including Baleno, Dzire, Ignis and Swift rose to 65,667 units from 58,682 units a year ago. Sales of utility vehicles such as Grand Vitara, Brezza, Ertiga and XL6 stood at 52,773 units last month as against 56,302 units in July last year. Sales o...
Vi empowers everyday Indians with ‘Vi Finance’; Shillong youth welcome new-age digital banking
Business

Vi empowers everyday Indians with ‘Vi Finance’; Shillong youth welcome new-age digital banking

For millions of Indians navigating personal finance, Vodafone Idea (Vi) has introduced a new lifeline — Vi Finance, a digital platform within the Vi App that puts loans, fixed deposits, and credit cards just a few clicks away. Launched in partnership with Aditya Birla Capital, Upswing Financial Technologies, and Credilio, the service is tailored to make financial tools more accessible, especially for first-time users. The platform allows customers to secure personal loans starting from ₹50,000, invest in FDs with up to 8.4% interest, and apply for credit cards from trusted banks — all through a paperless, digital process that removes traditional banking barriers. Avneesh Khosla, CMO, Vi said, “At Vi, we are committed to bringing convenience to our customers’ lives through digital so...
Guar gum futures prices increase on strong demand
Business, News

Guar gum futures prices increase on strong demand

New Delhi, Guar gum prices rose by Rs 84 to Rs 9,691 per quintal in futures trade on Thursday as speculators increased their deal size amid strong spot demand. At the National Commodity and Derivatives Exchange, the price of guar gum contract for August delivery rose by Rs 84, or 0.87 per cent, to Rs 9,691 per quintal in a business turnover of 29,185 lots. Analysts said that in view of the strong spot market trend, traders increased their deal size, leading to a rise in guar gum prices.
PNB Q1 profit downgrade, shares down 1%
Business, News

PNB Q1 profit downgrade, shares down 1%

New Delhi, Shares of Punjab National Bank (PNB) fell over 1 per cent on Wednesday after the bank reported a 48 percent drop in its standalone net profit for the June quarter. The stock closed 1.10 percent lower at Rs 108.10 per share on the BSE. During the day's trade, it fell 1.60 per cent to Rs 107.55 per share. On the NSE, the company's shares fell 1.07 percent to Rs 108.11 per share. Punjab National Bank on Wednesday reported that its standalone net profit for the quarter ended June 30, 2025 fell 48 percent to Rs 1,675 crore due to increased tax expenses. The state-owned bank had reported a net profit of Rs 3,252 crore in the same period a year ago. PNB said in a regulatory filing that its total income rose to Rs 37,232 crore from Rs 32,166 crore in the quarter under re...
Aluminium futures downturn on low demand
Business, News

Aluminium futures downturn on low demand

New Delhi: Aluminium prices fell by Rs 1.30 to Rs 252.90 per kg in futures trade on Tuesday as traders offloaded their positions following a weak trend in the spot market. Aluminium contracts for August delivery fell by Rs 1.30, or 0.51 percent, to Rs 252.90 per kg on the Multi Commodity Exchange in a business turnover of 4,692 lots. Analysts said the fall in aluminium prices was mainly due to traders offloading their positions on account of weak demand from consuming industries.
Medanta sounds alarm on rising child respiratory illnesses
Business

Medanta sounds alarm on rising child respiratory illnesses

Medanta Hospital—India’s top-ranked private hospital by Newsweek—conducted a Continuing Medical Education (CME) event in Guwahati, focusing on paediatric critical care and the alarming rise in respiratory illnesses among children. The program, held in collaboration with the Indian Academy of Pediatrics (IAP) Guwahati City Branch and IAP Intensive Care Chapter, Assam, aimed to equip regional doctors with updated treatment strategies. Led by renowned experts Dr Praveen Khilnani and Dr Rajiv Uttam of Medanta, Gurugram, the session emphasized the ABCDE approach to emergency care and addressed a worrying increase in cases involving RSV, influenza, and mycoplasma pneumonia, particularly in children under five. The doctors called for stronger vaccination and nutritional support to safeguard c...