Business is war.
Union Minister Pralhad Joshi stated on Friday that India is moving toward a cleaner, greener, and energy-secure Northeast, aligning with Prime Minister Narendra Modi’s vision of achieving prosperity through sustainability. Speaking at the Regional Workshop on Renewable Energy in Guwahati, he described the northeast as “Ashtalakshmi” transforming into “Urja-Lakshmi” under Modi’s leadership. Joshi praised northeastern…
OpenAI CEO Sam Altman stated on Friday that he has been waiting over seven years for a Tesla car he reserved and has yet to receive it. He paid a $45,000 reservation fee but now wants a refund. In a post on X, he shared three screenshots: one confirming his booking, another showing his refund…
Union Minister of State for Fisheries, Animal Husbandry, and Dairying George Kurian launched the National Marine Fisheries Census 2025 in Kochi on Friday, marking a shift to a fully digital household enumeration in the sector. He also introduced two mobile apps—VyAS-BHARAT and VyAS-SUTRA—to support data collection. The census will digitally record around 1.2 million fisher…
A recent U.S. clarification on H-1B visa fees has partly eased concerns about the asset quality of education loan portfolios held by non-banking finance companies, according to a report released on Friday. The one-time fee hike for new H-1B petitions, effective September 21, 2025, applies only to foreign nationals outside the United States and not…
ACC Limited, part of the Adani Portfolio, reported a 460 percent year-on-year jump in profit after tax to Rs 1,119 crore for the September quarter, driven by record volume sales of 10 million tonnes, up 16 percent. Revenue rose 28 percent to Rs 5,932 crore, the highest ever for a Q2 period. Despite prolonged monsoons,…
Maruti Suzuki India Limited reported a 7.94 percent increase in consolidated net profit to Rs 3,349 crore for the September quarter, up from Rs 3,102.5 crore a year earlier, driven by higher vehicle sales and strong demand. Standalone profit after tax rose 7.3 percent to Rs 3,293.1 crore. Total revenue from operations grew 13 percent…
Global brokerages Morgan Stanley, Jefferies, and Cantor Fitzgerald kept positive ratings on Adani Power Limited after its strong September quarter results and raised their price targets on Friday. Morgan Stanley maintained an Overweight rating with a target of Rs 163.60, citing solid project execution and healthy receivables. Jefferies held its Buy rating and lifted its…
Unified Payments Interface spending during the Dussehra-to-Diwali festival period rose to Rs 17.8 lakh crore from Rs 15.1 lakh crore a year earlier, a report said on Friday. Total digital payments via UPI, debit, and credit cards reached Rs 18.8 lakh crore, up from Rs 16.4 lakh crore in the same period last year. In…
Emkay Global Financial Services reported a net profit of Rs 0.45 crore for the September quarter, a 98 percent drop from Rs 25.90 crore in the same period last year. Revenue from operations fell nearly 34 percent year-on-year to Rs 72.08 crore from Rs 108.56 crore, though it stayed flat compared with Rs 72.97 crore…
India’s real estate investment trust market is expected to grow from Rs 10.4 lakh crore in 2025 to Rs 19.7 lakh crore by 2030, driven by strong occupancy, tax benefits, and wider sector coverage. A report released on Friday by Knight Frank India and the Confederation of Indian Industry highlights rising private equity interest since…
