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04 Aug

Rice exports from India to increase after import ban lifted

Business CorrespondentBusiness, News

New Delhi, The Indian Rice Exporters Federation on Monday said the lifting of the import ban by a major Indian rice importer will boost exports of the grain and reduce the impact of new US tariffs. Prem Garg, president of the Indian Rice Exporters Federation (IREF), said a major international market has decided to lift a four-month ban on rice imports. "This development is significant as this market is a major importer of Indian rice, with annual imports of over 1,000,000 metric tonnes, and the lifting of the ban will significantly increase our exports," Garg said. "This will increase India's…

02 Aug

Tata Power Q1 consolidated net profit increase 9.17% y-o-y to ₹1,060 crore

Business CorrespondentBusiness, News

Tata Power on Friday, August 1 announced its financial results for the quarter ended June 30, 2025 (Q1 FY26), reporting a consolidated net profit of ₹1,060 crore, up 9% y-o-y as compared to ₹971 crore in Q1 FY25. The company’s operating revenue during the quarter stood at ₹18,035 crore, up 4.28% from ₹17,924 crore in the corresponding period of the previous fiscal. Total expenses for the quarter stood at ₹16,336 crore, up 3.03% from ₹15,856 crore in the corresponding period of the previous year. Depreciation cost for the quarter stood at ₹1,161 crore as against ₹973 crore in Q1 FY24,…

02 Aug

Vijaynagar Remains Inaccessible

Purbalee DuttaNews, North East

The Miao-Vijaynagar (MV) road has remained blocked at several points since May 30, leaving the remote Vijaynagar area in Changlang district disconnected from the rest of Arunachal Pradesh. According to reports, the worst-affected stretch lies between Yachejolo village (85 miles) and Gandhigram, where heavy rainfall and landslides have caused parts of the road to collapse. Restoration work by the district administration has reached up to Miphoto village (82–83 miles). Meanwhile, local residents have also stepped in, clearing roadblocks through community service. Images and videos showing their efforts have circulated on social media. However, locals claim the government’s repair work is…

01 Aug

GST collection increase 7.5% to ₹1.96 lakh crore in July

Business CorrespondentBusiness, News

New Delhi, Gross GST collections rose 7.5 percent to around Rs 1.96 lakh crore in July due to an increase in domestic revenue. Gross Goods and Services Tax (GST) collections stood at Rs 1.82 lakh crore in July 2024. The collection was Rs 1.84 lakh crore in the previous month. Gross domestic revenue rose 6.7 percent to Rs 1.43 lakh crore, while import taxes rose 9.5 percent to Rs 52,712 crore. GST refunds rose 66.8 per cent year-on-year to Rs 27,147 crore. Net GST revenue stood at Rs 1.69 lakh crore in July 2025, showing a growth of 1.7 percent…

01 Aug

Chief Justice Of India To Inaugurate New Building of Itanagar Permanent Bench Of Gauhati HC

Purbalee DuttaNews, North East

Chief Justice of India, BR Gavai, is scheduled to inaugurate the new building of the Gauhati High Court’s Itanagar Permanent Bench on 10 August. The event will be attended by Gauhati High Court Chief Justice Ashutosh Kumar, Arunachal Pradesh Chief Minister Pema Khandu, and other dignitaries. The modern high court complex, located in Naharlagun, includes five courtrooms and various other facilities, constructed at a cost of ₹135.35 crore. The project began in February 2021 and was executed by the Public Works Department, with M/s Ganapati Construction Company of Guwahati as the contractor. Previously, the bench functioned temporarily from Yupia, where…

31 Jul

Hitachi Energy Q1 result: Net profit gain nearly 13-fold to ₹132 crore; revenue up 15%

Business CorrespondentBusiness, News

Hitachi Energy on Wednesday, July 30, reported that its profit after tax (PAT) grew nearly 13-fold to ₹131.6 crore in the first quarter of FY 2025-26 (Q1 FY26). The company had posted a profit of ₹10.4 crore in the same period a year ago. The tech company said in a regulatory filing that the rise in its profit was driven by effective execution of high-margin orders, continued operational excellence, good product mix and growth in exports. During the quarter under review, the energy company's operating revenue stood at ₹1,529.8 crore, marking a 15.3% year-on-year growth from ₹1,327.3 crore in the…

31 Jul

Government Moves Resolution In Lok Sabha For Extending President’s Rule In Manipur

Purbalee DuttaNews, North East

On Wednesday, the government introduced a resolution in the Lok Sabha to seek approval for extending President’s Rule in Manipur by another six months beyond August 13. Minister of State for Home, Nityanand Rai, presented the statutory resolution for discussion. Speaker Om Birla noted that President’s Rule was imposed in Manipur on February 13 and approved by Parliament on April 2, which grants validity for six months. For further extension, both Houses must pass the resolution. During the debate, Congress MP Anto Antony criticized the situation, calling it a “manmade disaster” caused by the government’s failure. He said the once…

30 Jul

India’s electricity demand to rose 4% in 2025: IEA

Business CorrespondentBusiness, News

New Delhi, India's electricity demand is expected to grow modestly by 4 per cent in 2025, after consumption slows due to cool summer temperatures in the first half of the year and peak load shifts to September, the International Energy Agency (IEA) has said. In its mid-year update on electricity, the IEA said global electricity demand is growing far faster than forecast for the 2025-2026 period over the past decade, but electricity demand in China and India is expected to grow more slowly in 2025 than the rapid growth seen in 2024. "Electricity demand in India is forecast to grow…

30 Jul

Assam Evicts Illegal Settlers

Purbalee DuttaNews, North East

Amid the large-scale eviction drive across six districts of Assam, concerns are mounting that displaced individuals may attempt to enter neighboring Northeastern states. In response, the Nagaland government has issued advisories to border districts to remain vigilant. Similar alerts have been raised by Manipur and Meghalaya. Assam Chief Minister Himanta Biswa Sarma stated that most of the evicted people had encroached on forest land in districts like Cachar, Sribhumi, Dhubri, Barpeta, Hojai, Nagaon, and Morigaon, and some had migrated from other states such as West Bengal and Bihar. The Arunachal Pradesh unit of the National People’s Party (NPP) has urged…

29 Jul

Digital payments in India gain by 10.7%

Business CorrespondentBusiness, News

Mumbai, Digital payments across the country recorded a year-on-year growth of 10.7 percent till March 2025, according to the RBI's index that measures the adoption of online transactions. The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India-Digital Payments Index (RBI-DPI) from January 1, 2021, with March 2018 as the base year to reflect the extent of digitalisation of payments across the country. The index for March 2025 is 493.22, while it was 465.33 for September 2024 and 445.5 for March 2024, RBI said in a statement. According to the half-yearly data, "the increase in…