Blog

19 Jul

Indian Overseas Bank Q1 results: Net profit gain 76% y-o-y to ₹1,111 crore; net profit (NII) up 13%

Business CorrespondentBusiness, News

Indian Overseas Bank (IOB) reported a 75.56% rise in its standalone net profit y-o-y to ₹1,111 crore in the June quarter of FY 2025-26 (Q1 FY26). Its profit stood at ₹632.8 crore in the same period a year ago. The bank's net interest income jumped 13% y-o-y to ₹2,747 crore in the quarter under review, as against ₹2,441 crore in Q1 FY25. Its net interest turnover grew to ₹2,746 crore in the June quarter of FY26, up 12.4% from ₹305 crore in the first quarter of FY25 to 10.8%. The asset quality of this publicly owned company has improved, with…

18 Jul

Aluminium futures prices increase on speculators’ bets

Business CorrespondentBusiness, News

New Delhi, Aluminium prices rose by 80 paise to Rs 250.25 per kg in futures trade on Friday as speculators created fresh positions amid positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for August delivery rose by 80 paise or 0.32 percent to Rs 250.25 per kg in a business turnover of 1,889 lots. Analysts said fresh positions created by traders amid demand from consumer industries supported aluminium prices in the futures market.

18 Jul

Arunachal pushes wildlife awareness: Kimin hosts session on hunting impact and Mithun rearing

editorArunachal Pradesh

An awareness session on "Sensitization Against the Hunting of Wild Animals" and the semi-intensive mithun rearing technique was held in Kimin, in the Papum Pare district of Arunachal Pradesh, as part of a major push for wildlife conservation and sustainable livestock practices. With the help of the Jomlo Mongku Mithun Farmers Federation (JMMF) from Siang district and technical assistance from the ICAR-National Research Centre on Mithun in Nagaland, the Kimin Mithun Farmers Club organized the event with the goal of addressing the ecological effects of careless hunting and promoting contemporary, sustainable mithun farming methods. Locals, community leaders, and mithun farmers…

18 Jul

JSW Cement unveils CHD JalKavach

Business BureauBusiness

JSW Cement has launched CHD JalKavach, a revolutionary super-premium cement powered by Turbo Gel Technology, marking India’s first water-repellent cement specifically engineered for moisture-prone regions like West Bengal and Bihar. Announced by JSW Cement CEO Nilesh Narwekar, the product promises superior resistance to seepage, dampness, and corrosion—common challenges during the monsoon season in Eastern India. “The weather in this region compromises concrete longevity. CHD JalKavach is a targeted solution for stronger, longer-lasting structures,” said Narwekar. Formulated with a polymer-enriched hydration matrix, the Turbo Gel Technology enhances compressive strength and workability. The cement’s slag-based composition also supports JSW’s sustainability goals, offering…

18 Jul

President Murmu honours 9 NE cities for cleanliness drive

Sonakshi SarkarTripura

Nine cities from the region, including Khowai in Tripura, have been conferred the Swachh Shehar award under the Swachh Survekshan 2024–25. The award, presented by President Droupadi Murmu at Vigyan Bhawan, recognises urban centres making significant strides in sanitation and cleanliness. The cities honoured are Jairampur (Arunachal Pradesh), North Lakhimpur and Guwahati (Assam), Jiribam (Manipur), Shillong (Meghalaya), Lunglei (Mizoram), Jalukie (Nagaland), Mangan (Sikkim), and Khowai (Tripura). Khowai received the State-Level Promising City award, accepted by Tripura’s Social Welfare and Social Education Minister Tinku Roy. “This is a proud chapter not only for Khowai city but for the entire state of…

18 Jul

Truck drivers sue Mizoram govt over dangerous road conditions

Sonakshi SarkarManipur

Frustrated by years of neglect and crumbling road conditions, the Mizoram Truck Drivers Association (MTDA) has filed a Public Interest Litigation (PIL) against the Mizoram government and a construction firm over the deteriorating state of National Highway 306, a critical lifeline linking the state with neighbouring Assam via Silchar. The Aizawl bench of the Gauhati High Court has admitted the petition, with MTDA leaders confirming the development on Thursday. The PIL specifically highlights the poor condition of the Kawnpui-Sairang section of NH-306 and portions of NH-6 between the 118 to 133 km mark—areas particularly prone to landslides and potholes during…

18 Jul

Kenya Launches Electric Bus Fleet to Cut Carbon Emissions in Nairobi

MohiniInternational

The Kenyan government has rolled out its first fleet of electric buses in Nairobi under its Green Mobility Plan 2030. The buses, co-developed by Swedish firm Opibus, can travel up to 250 km per charge and are equipped with solar-charging depots. This shift is expected to cut urban transport emissions by 30% in the next five years. Women drivers are being trained under a parallel empowerment scheme, drawing praise from UN Habitat. South Asian metros like Kolkata, Dhaka, and Kathmandu—where electric rickshaws are popular—could look to Nairobi's model for scalable e-bus public transport options.

17 Jul

Paytm shares increase for fifth consecutive session, trade above ₹1,000 for first time in 2025

Business CorrespondentBusiness, News

Shares of One97 Communications, the parent company of payment service provider Paytm, rose for the fifth consecutive session on Wednesday, July 16. According to BSE data, Paytm shares have gained nearly 12% in the last five trading sessions and are trading above its important psychological level of ₹1,000 for the first time this year. In intraday deals on Wednesday, Paytm shares rose as much as 2.5% to hit an intraday high of ₹1,013.75. Buying interest in Paytm shares increased after reports that the stock would be upgraded to the MSCI Standard Index. According to brokerage firm Motilal Oswal, Paytm is…

17 Jul

Flavors Galore: Flipkart’s Food Fest 2.0 with Ranveer Brar & Pooja Dhingra

Business BureauBusiness

Flipkart, India’s homegrown e-commerce marketplace, successfully hosted the second edition of Food Fest 2025, an immersive celebration of India’s evolving food culture. The event was held on July 8 and 9 at the Flipkart campus in Bengaluru, and the fest extended online through a curated sale between July 5 to July 10, offering shoppers access to gourmet food collections, new launches, and limited-time offers across top brands. The event brought together celebrated chefs, top creators, iconic brands, and food enthusiasts from across the country, reaffirming Flipkart’s commitment to shaping the future of gourmet food discovery and commerce in India. The…

17 Jul

Tripura to modernize fish market with ₹35-crore project

Sonakshi SarkarTripura

In a significant step towards modernizing fish trade infrastructure and empowering Scheduled Caste (SC) communities, the Tripura government has announced the construction of a state-of-the-art fish market at Maharajganj, the largest market in the state. The project, estimated at ₹35 crore, aims to create a clean, organized, and fully-equipped marketplace that will address long-standing issues of poor hygiene, drainage, and lack of space. The announcement was made by Fisheries Minister Sudhangshu Das during his inspection visit to the current fish market in Maharajganj, Agartala, on July 16. Speaking to reporters, the minister emphasized the government’s focus on the welfare of…