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Abans Holdings FY24 net profit rises 27% to Rs 89 crore

Abans Holdings FY24 net profit rises 27% to Rs 89 crore

Mumbai: Abans Holdings, a diversified financial services company, on Tuesday said it booked a consolidated net profit of Rs 89.2 crore during the financial year 2024 (FY24), compared to Rs 70 crore during the previous financial year, an increase of 27.4%. The company reported 18.6% growth in consolidated total income during FY2024 to Rs 1,380 crore from Rs 1,164 crore a year ago.Abans Holdings also said it has received approval from markets regulator SEBI to act as investment manager for Alternative Investment Funds (AIFs) in India. "This achievement elevates the company from a holding entity to an operating entity," it…
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‘Lubricants market will araise well, EVs both an opportunity and a challenge’:

‘Lubricants market will araise well, EVs both an opportunity and a challenge’:

Petroleum-based lubricants used in internal combustion engines (ICEs) are being threatened by the growing trend of electric vehicles (EVs), which run on batteries instead of engines. Gulf Oil Lubricants India Limited, part of the Hinduja Group-owned Gulf Oil International, is a leading player in the domestic lubricants market and is valued at around Rs 4,500 crore on the stock exchanges. In conversation with Aggam Walia, Ravi Chawla, Managing Director and CEO, Gulf Oil India, talks about tackling the EV threat, Gulf's acquisitions in the EV sector and the role of lubricants in improving fuel economy.The lubricants market, at least in…
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Oppressively attack on fast food vendor while returning home from wedding in Naxalbari

Oppressively attack on fast food vendor while returning home from wedding in Naxalbari

Naxalbari, May 08: In a tragic turn of events, a 24-year-old fast food vendor was brutally attacked while on his way home from a wedding ceremony. The injured youth has been identified as Joy Burman of Shanti Nagar. According to reports, this shocking incident came to light at Tukaria turn in Naxalbari late on Tuesday night. A group of attackers targeted Burman when he was returning home alone after a wedding ceremony. Reportedly, Joy was allegedly hit on the head with an iron rod. Later, locals found the youth and took him to Naxalbari Rural Hospital, from where he was…
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Recently Jadeja and wife Rivaba cast their vote in Lok Sabha Elections

Recently Jadeja and wife Rivaba cast their vote in Lok Sabha Elections

Recently Indian cricketer Ravindra Jadeja and his wife Rivaba exercised their democratic right by participating in the Lok Sabha elections in Jamnagar’s third phase. Actually Jadeja shared a photo on Instagram post-voting, captioned “My vote, my right,” emphasizing civic duty. In fact their action highlights the importance of citizen’s participation in shaping the nation’s democratic process. This is actually very good that famous personality like Ravindra Jadeja is giving vote and encouraging everyone to do their duty to give vote. Right now elections are going on in India and people are very serious about it so that they give vote…
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Ankit Soni who lost both his hands in an electric shock accident two decades ago recently cast his vote using his feet

Ankit Soni who lost both his hands in an electric shock accident two decades ago recently cast his vote using his feet

Ankit Soni, who lost both his hands in an electric shock accident two decades ago, recently cast his vote using his feet on Tuesday in Nadiad, a town located in Kheda district of Gujarat. Actually Soni, who voted during the phase 3 of the Lok Sabha elections, said that he has been casting vote for the past 15 years using feet. This is actually good news as today in India everyone has right to give vote and due to this right everyone feel proud Indian and give their vote.   Right now elections are going on in India and everyone…
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Bhakti Nagar Traffic Police recovered stolen scooter of Civic Volunteer from Kalimpong, one arrested

Bhakti Nagar Traffic Police recovered stolen scooter of Civic Volunteer from Kalimpong, one arrested

Siliguri, 6th May (Retd.). In a significant breakthrough, Bhakti Nagar Traffic Police has successfully recovered the stolen scooter of a Civic Volunteer from Kalimpong. After this incident, accused thief Arpan Darji was arrested. According to reports, Kalimpong police station had received a complaint of theft of a civic volunteer's scooter. Despite initial investigation yielding no clues, ASI Haripad Roy of Bhakti Nagar traffic point spotted Arpan Darji riding the scooter during his morning duty. This aroused suspicion and traffic police personnel conducted a thorough investigation. After this, Arpan Tailor was stopped and interrogated for necessary documents and license. On enquiry,…
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Madhya Pradesh: Sendhwa Launches Campaign To Remove Stray Dogs

Madhya Pradesh: Sendhwa Launches Campaign To Remove Stray Dogs

Expressing deep concern over recent attacks by a number of stray dogs on children in Barwani and Bhopal, Sendhwa municipal president Basantibai Yadav has urged the chief municipal officer (CMO) Madhu Chaudhary to take immediate measures against this issue. Following this, the municipal president Yadav issued strict guidelines to capture all stray dogs in the town and release them outside the city, near Bijasan Ghat, to ensure the safety of residents, especially children. Municipality has swiftly responded to the directive, with CMO Chaudhary instructing sanitation inspector Mohan Dhamone to look into the operation. Two teams have been formed to catch…
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At the age of 70 former Director on TCS board Phiroz Vandrevala has passed away

At the age of 70 former Director on TCS board Phiroz Vandrevala has passed away

Former Director on TCS board Phiroz Vandrevala has passed away at the age of 70. He joined TCS in 1982 and was instrumental in taking the company public in 2004. Actually apart from his work at TCS, he was also a former Chairman of NASSCOM. About him NASSCOM said that he was a remarkable professional and an extraordinary human being, he will be deeply missed.  This is actually very sad news as talented and experienced people like Phiroz Vandrevala has passed away. Today India is developing very fast and becoming a very powerful economy. For this thing people are actually…
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ISRO Chairman Dr. S Somanath receives degree of Honorary Doctorate from Jawaharlal Nehru Technological University, Hyderabad

ISRO Chairman Dr. S Somanath receives degree of Honorary Doctorate from Jawaharlal Nehru Technological University, Hyderabad

In recognition to his outstanding contributions towards the field of Science and Technology, the Jawaharlal Nehru Technological University (JNTU), Hyderabad conferred the Degree of Doctorate in Philosophy (PhD) to Dr. Sreedhara Panicker Somanath, Chairman Indian Space Research Organisation (ISRO) and Secretary, Department of Space. Dr. Somanath received this honorary JNTU Doctorate from JNTU Hyderabad Vice Chancellor Prof. Katta Narasimha Reddy during the Univarsity’s 12th Convocation ceremony held there on day of Friday. Delivering the Convocation address, Dr. Somanath said the ISRO on Saturday afternoon would undertake a crucial manoeuvre and inject the Aditya-L1 into the final orbit L1. The ISRO…
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Kerala Police arrests a Assam native accused for rape

Kerala Police arrests a Assam native accused for rape

An Assam native was arrested by Kerala police for allegedly raping a 52 year old woman belongs from Alappuzha district. According to the sources, the accused raped and injured the four days ago on December 13. The woman worked as a daily wage laborer at a railway station, the accused took her saying he would take her to a nearest station. Later, he took her in an isolated area and raped her brutally. The accused is an Assam native who is 32 years old lives Koch and is fluent in Malayalam, the survivor said to the police.
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