Blog

07 Jul

Trent Shares Plunge 12% as Q1 Revenue Growth Falls Short of Elevated Market Expectations

anuprovaLatest

Shares of Trent Ltd. fell nearly 12% after the company released its first-quarter business update, as a 19% year-on-year revenue growth failed to meet the high expectations built into the stock following its strong rally over the past year. Although the retailer continued to deliver healthy sales growth, investors were disappointed by the pace of expansion, which was slower than anticipated amid lofty market valuations. The correction reflected profit booking and concerns that the company's exceptional growth momentum may be moderating after several quarters of robust performance. Analysts noted that while Trent's core retail formats continue to attract strong consumer…

06 Jul

Suspected Terrorists Open Fire on Assam Rifles Convoy in Manipur, 2 Dead

PreetiManipur

Two Assam Rifles personnel lost their lives in a sudden terrorist attack in Manipur. Several other personnel were also injured in the attack that took place in Ukhrul district on Monday. According to police, at around 1:30 PM, suspected terrorists opened fire on a convoy of 40 Assam Rifles in the Nungsang Khong area. Two personnel were killed on the spot in the attack and several others were injured. Following the incident, security forces cordoned off the entire area and launched a massive search operation. Police said the operation to track down the attackers is underway. Meanwhile, Manipur Home Minister…

06 Jul

Tripura to Convert Old Jail Into Rural Marketplace to Boost Women Entrepreneurs and Local Products

ParomitaTripura

An abandoned jail complex in North Tripura will be converted into marketplace for items produced by members of women self-help groups and rural entrepreneurs under the Tripura Rural Livelihood Mission (TRLM).With a project cost of Rs 1.01 crore, the place will house a cosy coffee house, a restaurant serving delicious food, exclusive products made by women SHG members and handcrafted and locally produced items."We have proposed to use the abandoned subdivision jail at Dharmanagar by setting up a marketplace, and the TRLM authority accepted our proposal. Renovation work has already begun, and the facilities are expected to open before Durga…

06 Jul

4 Corps Briefs Arunachal Governor on Security Measures, Outreach Initiatives in Border Districts

ParomitaArunachal Pradesh

General Officer Commanding (GOC) of 4 Corps, Lt Gen Neeraj Shukla, called on Arunachal Pradesh Governor Lt Gen. K.T. Parnaik at Lok Bhavan in Itanagar on Monday and held detailed discussions on the prevailing security situation along the international border.The discussions also focused on measures to strengthen border management, and the ongoing welfare and outreach initiatives undertaken by the Armed Forces for the people living in remote frontier areas.Governor Parnaik emphasised the importance of maintaining a high degree of vigilance and ensuring regular patrolling in sensitive border regions to safeguard national interests.He highlighted the need for seamless coordination between the…

06 Jul

Amid Border Row, Arunachal Congress Tribal Wing Calls for Parliamentary Review of LAC Situation

ParomitaArunachal Pradesh

Amid conflicting claims over alleged Chinese intrusion in Arunachal Pradesh, the Arunachal Adivasi Congress (AAC) has urged the Central government to constitute a parliamentary committee to assess the ground situation along the Line of Actual Control (LAC) on the McMahon Line. The AAC, the Adivasi wing of the Indian National Congress, said the proposed panel should examine the status of border infrastructure, civilian settlements and security arrangements in the frontier areas of Arunachal Pradesh and submit its findings to Parliament for appropriate action. The organisation also criticised Union Minister Kiren Rijiju over his recent remarks dismissing reports of Chinese intrusion…

06 Jul

Taneira bets on festive demand with nationwide season sale on handcrafted ethnic wear

Business BureauBusiness

Tata Group's ethnic wear brand Taneira has launched its nationwide Season Sale, offering discounts of up to 40 per cent on select handcrafted sarees and up to 50 per cent on kurtas and kurta sets, as the retailer looks to tap rising consumer spending ahead of the wedding and festive season. The sale, which began on July 1, is available across Taneira's retail stores and online platform. Encircle loyalty programme members can also avail an additional 5 per cent discount during the first five days of the campaign, enhancing value for repeat customers. The promotional campaign spans an extensive portfolio…

06 Jul

Kailashahar Airport revival plan could boost tourism, trade and regional connectivity in Tripura

Sonakshi SarkarTripura

The launch of the Centre's Modified UDAN (Ude Desh Ka Aam Nagrik) Scheme has renewed expectations that the long-defunct Kailashahar Airport could soon be revived, bringing improved air connectivity to northern Tripura after more than three decades. Prime Minister Narendra Modi recently unveiled the revamped regional connectivity scheme with a financial outlay of ₹28,840 crore over the next 10 years. The programme aims to strengthen India's aviation network by making 100 existing airstrips operational, developing 200 helipads, expanding regional flight routes through viability gap funding and making air travel more affordable in underserved regions. Although the Centre has not officially…

06 Jul

MHIP praised for decades of social service and role in women’s rights in Mizoram

Sonakshi SarkarMizoram

Mizoram Governor General (Dr) Vijay Kumar Singh (Retd.) has extended his greetings to the Mizo Hmeichhe Insuihkhawm Pawl (MHIP) on the occasion of its 52nd Foundation Day, praising the organisation for its longstanding contribution to women's empowerment, social welfare and the preservation of Mizo culture. In his message issued on Sunday, the Governor congratulated the members of MHIP and acknowledged the organisation's service since its establishment on July 6, 1974, under the motto "Service to Others." He said the voluntary organisation has grown into one of Mizoram's leading women's groups through its sustained efforts for the welfare of women and…

06 Jul

State pushes for bamboo-based industries and MSME office to drive industrial growth

Sonakshi SarkarMizoram

The Mizoram government has urged the Centre to support the establishment of large-scale ginger processing units and promote the wider use of bamboo in key industries as part of its efforts to strengthen the state's economy and create more value from its natural resources. The proposals were placed before Union Commerce and Industry Minister Piyush Goyal and Minister of State Jitin Prasada during a meeting in New Delhi by Mizoram Commerce and Industries Minister F. Rodingliana, according to an official statement. During the meeting, Rodingliana sought central assistance for setting up large-scale ginger processing facilities and improving marketing infrastructure for…

06 Jul

AI Infrastructure Firm Yotta Secures $150 Million Funding

nanikaBusiness

AI infrastructure and data centre company Yotta Data Services has raised approximately $150 million in fresh growth capital from non-institutional investors, valuing the company at around ₹37,000 crore. The funding will be used to strengthen the company's balance sheet and support the next phase of its artificial intelligence and digital infrastructure expansion. According to the company, the capital was raised over the past few months and consists entirely of primary investment, with no promoter offer for sale (OFS). Yotta stated that the entire amount will be invested directly into the business to accelerate growth and expand its AI infrastructure capabilities.…