Leading Indian liquor manufacturer Radico Khaitan reported a 3.57% decline in net profit for the fourth quarter of FY25, amounting to ₹92.07 crore, compared to ₹95.48 crore in the previous quarter. Despite the quarterly dip, the company showcased strong annual growth, with its net profit surging 31.8% to ₹345.61 crore for the full fiscal year…
West Majlishpur Gram Panchayat, under Jirania RD Block in West Tripura, has secured the Silver Award in the National e-Governance Awards 2024-2025, marking a major milestone in grassroots digital governance. The award recognizes innovative service delivery initiatives at the panchayat level, reinforcing Tripura’s leadership in digital transformation. CM Manik Saha Applauds Achievement Tripura Chief Minister…
Former Tripura Chief Minister Biplab Kumar Deb has strongly criticized the Communist Party of India (Marxist) [CPI(M)], calling it “anti-social” for opposing the recent killing of 27 Maoists in Chhattisgarh. Deb’s remarks came after the CPI(M) Politburo issued a statement condemning the encounter, which included the death of Maoist general secretary Nambala Kesavarao. Deb’s Criticism…
Tripura Chief Minister Manik Saha has announced a major AI and 5G infrastructure initiative, positioning the state as a technology hub for Northeast India. Speaking at the Rising Northeast Investors Summit 2025, Saha emphasized the transformative potential of AI and 5G in boosting economic growth, innovation, and digital connectivity. Key Announcements & Infrastructure Development AI…
Royal Scion Pradyot Kishore Manikya Debbarma has announced major investment proposals for the Tripura Tribal Areas Autonomous District Council (TTAADC) following his high-profile meetings with Mukesh Ambani, Chairman of Reliance Industries, and Harshavardhan Neotia, Chairman of Ambuja Cement at the Rising Northeast Investors Summit 2025. Strategic Investment Plans Pradyot emphasized that the TTAADC’s inclusion in…
Tripura has attracted a record ₹15,646 crore in investments at the Rising Northeast Investors Summit 2025, held in New Delhi. The summit facilitated 33 Memorandums of Understanding (MoUs), marking a significant milestone in the state’s economic transformation. Key Investment Sectors Investors expressed strong interest in Tripura’s emerging industries, including: Government Commitment & Investor Sentiment Tripura…
In a powerful display of patriotism and solidarity, Agartala witnessed a grand Tiranga Yatra, where 2,000 bikers rode through the city to honour the Indian Armed Forces following the success of Operation Sindoor. Event Highlights & Leadership The rally was led by Ramnagar MLA Dipak Majumder, Tourism Minister Sushanta Choudhury, and Sports Minister Tinku Roy,…
Tripura Fisheries Minister Sudhangshu Das has assured that the state is self-sufficient in fish production, eliminating the need for imports from Bangladesh. Despite recent trade restrictions, Tripura’s local fish supply and imports from West Bengal and Andhra Pradesh ensure 100% demand fulfillment. Government Strategy & Fisheries Growth Impact of Bangladesh Import Restrictions India’s recent trade…
Oil India Limited (OIL) has reported a 10.13% year-on-year increase in net profit, reaching ₹6,114.19 crore for FY25, driven by record-high oil and gas production. However, the company’s Q4FY25 net profit declined 22% to ₹1,591.48 crore, reflecting pressure from lower crude prices and operational margins. Financial Highlights Production & Capex Surge Oil India achieved its…
Ashok Leyland Ltd., the flagship company of the Hinduja Group, is gearing up for strategic acquisitions and market expansion, backed by a strong cash reserve of ₹4,242 crore. The commercial vehicle giant ended FY25 with surplus cash, reversing its net debt position of ₹89 crore in FY24. Growth Strategy & Investment Plans Financial Performance &…
Birla Opus, the paints division of Grasim Industries, has officially become India’s second-largest decorative paints player by installed capacity, reaching 1,096 million litres per annum (MLPA). This milestone follows the launch of its Mahad plant, bringing the company closer to its target capacity of 1,332 MLPA. Market Position & Expansion Plans Investment & Growth Strategy…
Afcons Infrastructure Ltd. reported a 23% decline in net profit, posting ₹110.92 crore for Q4FY25, compared to ₹144.90 crore in the same quarter last year. The company’s revenue from operations also fell to ₹3,223.27 crore, marking an 11.36% YoY decline. Financial Highlights Dividend Announcement Despite the profit decline, Afcons Infrastructure’s board of directors approved a…
The Ministry of Coal has exceeded its asset monetisation target by a staggering ₹63,000 crore, marking a historic achievement in India’s National Monetisation Pipeline (NMP). Against a four-year target of ₹1.38 lakh crore, the ministry successfully monetised ₹2 lakh crore, surpassing expectations by 45%. Key Drivers Behind the Record Monetisation Government Strategy & Future Outlook…
Bajaj Auto Ltd. is set to take majority control of Austrian motorcycle manufacturer KTM AG, marking a historic shift in their two-decade partnership. The Indian automaker has arranged a €800 million financial package to stabilize KTM’s liquidity crisis and support its restructuring efforts. Strategic Takeover & Financial Breakdown KTM’s Financial Struggles & Restructuring Plan KTM…
Sun Pharmaceutical Industries Ltd. has announced a $25 million investment in US-based biopharmaceutical firm Pharmazz Inc, increasing its stake to 22.7% on a fully diluted basis. This strategic move strengthens Sun Pharma’s specialty drug pipeline, particularly in neurological and critical care segments. Investment Breakdown & Strategic Goals Pharmazz’s Drug Portfolio & Market Expansion Pharmazz is…
JSW Steel has formally requested a ₹19,300 crore refund from banks following the Supreme Court’s decision to nullify its 2019 acquisition of Bhushan Power and Steel Ltd. (BPSL). The company has also sought a 60-day stay on the liquidation process, citing potential financial and operational disruptions. Supreme Court Ruling & Refund Demand Earlier this month,…
Rail Vikas Nigam Ltd. (RVNL) has reaffirmed its ambitious revenue target of ₹22,000 crore for FY26, driven by strong project execution and diversification beyond railway infrastructure. The state-run company aims for a 10-15% revenue growth compared to the previous fiscal year. Key Growth Drivers Financial Outlook & Market Sentiment Despite a 4% YoY decline in…
Kanodia Cement Ltd. has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), paving the way for its initial public offering (IPO). The IPO will be entirely an Offer for Sale (OFS), with 1.49 crore equity shares being offloaded by existing shareholders, ensuring that the company itself…
The Securities and Exchange Board of India (SEBI) has launched an investigation into US-based Jane Street Group, following allegations of market manipulation after the firm generated over $2.3 billion in revenue from Indian equity derivatives in 2024. Jane Street’s India Trading Boom Jane Street, a New York-based quantitative trading powerhouse, saw a sharp revenue surge…
The Reserve Bank of India (RBI) has announced a record dividend payout of ₹2.7 trillion to the government, driven by aggressive US dollar sell-offs, forex gains, and rising interest income. According to a report by State Bank of India (SBI), the central bank’s strategic interventions in the foreign exchange market played a crucial role in…
The Adani Group has announced a massive ₹50,000 crore investment across the Northeast region over the next 10 years, reinforcing its commitment to infrastructure and economic development. This fresh investment comes in addition to the ₹50,000 crore pledged for Assam earlier this year. Key Focus Areas of Investment The conglomerate’s investment will span multiple sectors,…
Goldman Sachs India Equity Portfolio has made a significant investment in TD Power Systems Ltd., acquiring 11 lakh shares worth ₹50.30 crore through a block deal. The purchase was executed at ₹460 per share, reflecting a 7% discount compared to the previous day’s closing price of ₹494.10 on the NSE. TD Power Systems: Market Performance…
ITC Ltd. shares witnessed a sharp uptick following the release of its Q4 FY25 earnings, reflecting a resilient performance amid a challenging economic environment. The stock climbed 3% intraday, driven by investor optimism over the company’s steady growth and strategic outlook. Q4 Earnings Snapshot ITC reported a net profit of ₹19,562 crore, significantly boosted by…
Veteran South African batter Faf du Plessis has etched his name in Indian Premier League (IPL) history, becoming the oldest player to captain Delhi Capitals. The 40-year-old cricketer, who was signed by DC for ₹2 crore in the IPL 2025 mega auction, took charge of the team in their must-win clash against Mumbai Indians at…
The ICC Men’s Champions Trophy 2025 has shattered viewership records, with the India vs New Zealand final emerging as the most-watched Champions Trophy match in history. ICC Chairman Jay Shah unveiled the staggering broadcast figures, highlighting the global appeal of the tournament and its unprecedented audience reach. Historic Viewership Numbers The Champions Trophy 2025 final,…
Delhi Capitals pacer Mukesh Kumar has been fined 10% of his match fees for breaching the Indian Premier League (IPL) Code of Conduct during his team’s 59-run loss to Mumbai Indians at the Wankhede Stadium. The Board of Control for Cricket in India (BCCI) confirmed the penalty, citing a Level 1 offence under Article 2.2,…
Mumbai Indians’ star batter Suryakumar Yadav delivered a match-winning performance against Delhi Capitals, crafting an innings that showcased both restraint and explosive power. His 73 off 43 balls played a pivotal role in MI’s 59-run victory, securing their spot in the IPL 2025 playoffs. A Calculated Start on a Tricky Surface Batting on a slow…
The Indian Premier League (IPL) 2025 playoffs lineup is officially set, with Mumbai Indians (MI) securing the fourth and final spot after a dominant 59-run victory over Delhi Capitals (DC). MI joins Gujarat Titans (GT), Royal Challengers Bengaluru (RCB), and Punjab Kings (PBKS) in the race for the coveted IPL trophy. Qualified Teams for IPL…
Mumbai Indians owner Nita Ambani has set social media abuzz with her ‘No. 6’ hand gesture, fueling speculation about the franchise’s ambition to secure a record-extending sixth IPL title. The moment unfolded during Mumbai Indians’ dominant 59-run victory over Delhi Capitals, which sealed their spot in the IPL 2025 playoffs. The Viral ‘No. 6’ Celebration…
Bangladesh pacer Nahid Rana has officially withdrawn from the upcoming T20I series against Pakistan, citing security concerns. His decision comes just days before the team’s scheduled departure for Lahore, where they are set to play a three-match series on May 28, 30, and 31. Security Concerns Behind Rana’s Exit Rana’s withdrawal follows a tense episode…
