Budget’s focus on clean energy, sustainability to push sector growth: Industry
New Delhi: The renewable energy industry has hailed the Union Budget 2025-26, saying the focus on clean power, manufacturing, and sustainability will push the sector’s growth. Union Finance Minister Nirmala Sitharaman presented her record eighth straight Union Budget in the Lok Sabha on Saturday. Vineet Mittal, Chairman of Avaada Group said strategic initiatives like global […]
SoftBank, OpenAI set up joint company to push artificial intelligence services
Tokyo: Japanese technology giant SoftBank Group and OpenAI stepped up their AI partnership Monday, setting up a 50-50 held company called SB OpenAI Japan. SoftBank Chief Masayoshi Son and OpenAI Chief Sam Altman appeared at an event in Tokyo, talking up their collaboration and inviting Japanese companies to join. Son, holding a shiny blue crystal […]
Give suggestions on new income tax bill: CBDT chief to industry
New Delhi: Central Board of Direct Taxes (CBDT) Chief Ravi Agrawal on Monday asked industry players to give their suggestions on the new income tax bill, which will be tabled in Parliament this week. The new income tax bill, which will replace the six decade old Income Tax act, 1961, has been drafted within six […]
Anant Raj posts 54 pc increase in net profit to Rs 110.32 cr for Dec quarter
New Delhi: Realty firm Anant Raj Ltd has posted a 54 per cent increase in its consolidated net profit to Rs 110.32 crore for the quarter ended December. Its net profit stood at Rs 71.83 crore in the year-ago period. Total income rose to Rs 543.97 crore in the third quarter of this fiscal year, […]
India’s manufacturing growth hits six-month high in Jan on sharp upturn in new export orders
New Delhi: India’s manufacturing sector growth started the year 2025 on a strong footing and touched a six-month high in January, fuelled by the steepest upturn in exports in nearly 14 years, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose from December’s one-year low of 56.4 […]
Aarti Industries Reports 17% Sequential QoQ Growth in EBIDTA, Driven by Strong Volume Performance
MUMBAI, India: Aarti Industries Limited (AIL), one of the leading global speciality chemicals companies, today announced its consolidated financial results for the third quarter of FY25. The company’s audited results were approved by the Board of Directors in a meeting held earlier today. On a consolidated basis, for the quarter, the income from operations stood […]
Rs 20K cr for research, AI, geospatial initiatives to drive R&D, but India needs more: Industry
New Delhi: The Rs 20,000-crore allocation to drive research, the expansion of AI and geospatial initiatives and further push to Atal Tinkering Labs are some of the significant steps taken in the Union Budget 2025-26 to strengthen the country’s research & development (R&D) ecosystem, but the country needs more, industry players said. Union Finance Minister […]
Bajaj Auto’s January sales rise 7 pc
Mumbai: Bajaj Auto on Monday reported a 7 per cent growth year-on-year in its total sales, including exports, to 381,040 units in January. The Pune-based automobile firm had recorded a total sales of 356,010 vehicles in January 2024, according to a Bajaj Auto Ltd statement. Total domestic sales, including commercial vehicles, declined 9 per cent […]
Kashmiri Pandits meet Kiren Rijiju, demand minority status, reopening of Sharda Peeth
New Delhi: All India Kashmiri Samaj (AIKS), led by its president Ravinder Pandita, met with Kiren Rijiju, the Minister of Minority Affairs and Parliamentary Affairs, in New Delhi today. According to a press release, during the meeting, AIKS presented a memorandum seeking the declaration of Kashmiri Pandits as a minority community and the establishment of […]
Elon Musk says President Donald Trump ‘agreed’ USAID should be shut down
Washington: The US Agency for International Development is on the cusp of being shuttered, according the Trump administration’s billionaire adviser and Tesla CEO Elon Musk – who has been wrestling for control of the agency in recent days. Early Monday, Musk held a live session on X Spaces, previously known as Twitter Spaces, and said […]
