Page 4 - Latest News
Puravankara posts ₹29 crore profit in Q1FY27 as revenue jumps nearly 62%
Puravankara's revenue from operations rose 61.84 per cent Y-o-Y to Rs 848.72 crore, while its Ebitda margin expanded to 25 per cent from 15 per cent a year ago
 "Puravankara posts ₹29 crore profit in Q1FY27 as revenue jumps nearly 62%")
MMDR amendment puts state taxing powers back in constitutional crosshairs
The Bill's restrictions on taxing mineral rights and mineral-bearing land have revived questions over Parliament's powers and could open the door to legal challenges by states
 "MMDR amendment puts state taxing powers back in constitutional crosshairs")
Sebi proposes settlement framework overhaul, seeks simpler calculations
The regulator has proposed a simpler formula for settlement amounts, lower additional charges for refiling and allowing settlement applications at the appellate stage
 "Sebi proposes settlement framework overhaul, seeks simpler calculations")
Tata, NIBE to arm Army with loitering munitions under Rs 1,577-cr deal
The procurement is in line with the Army's recent reorganisation into new frontline formations-the 'Rudra' all-arms brigades, 'Bhairav' light commando battalions, and 'Shaktibaan' artillery regiments
 "Tata, NIBE to arm Army with loitering munitions under Rs 1,577-cr deal")
US says Iran naval blockade can continue indefinitely as talks stall
Defence Secretary Pete Hegseth said that the US military has the capability to maintain a naval presence in the region to enforce its blockade of Iran
 "US says Iran naval blockade can continue indefinitely as talks stall")
US consumer sentiment drops by 4.2% in Aug as West Asia conflict drags on
US consumers' one-year inflation expectations rose to 4.3% in August from 4.2% in July as the Middle East conflict raised concerns over living costs.
 "US consumer sentiment drops by 4.2% in Aug as West Asia conflict drags on")
Datanomics: Jharkhand student protests expose deep socio-economic fractures
Jharkhand's student protests over exam paper leaks have renewed questions about the state's education spending, unemployment and persistent poverty levels
 "Datanomics: Jharkhand student protests expose deep socio-economic fractures")
HAL partners with Adani Defence, BEML to produce LCH Prachand
HAL has augmented the capacity and already commenced production of the 156 Prachand LCHs ordered for the Indian Armed Forces at its new helicopter manufacturing facility in Tumakuru, Karnataka
 "HAL partners with Adani Defence, BEML to produce LCH Prachand")
Houthis hit Saudi's Aramco Jazan refinery for second time in a week
The Houthis said two drones hit the Saudi Aramco refinery in Jazan, days after an earlier attack set a crude storage tank ablaze.
 "Houthis hit Saudi's Aramco Jazan refinery for second time in a week")
PM internship scheme seeks to bridge skills gap, says FM Sitharaman
Sitharaman said the scheme gives young people hands-on workplace experience and industry exposure to address the gap between formal training and employers' expectations
 "PM internship scheme seeks to bridge skills gap, says FM Sitharaman")
White House report flags India in China-linked transshipment network
The White House report places India in Tier 1 of China's alleged transshipment network and flags the Pune-Gujarat-Chennai production belt as a potential corridor
 "White House report flags India in China-linked transshipment network")
Bank deposit growth hits highest since December 2016 at 15.4%: RBI data
Aggregate deposits rose by Rs 6.61 trillion in the fortnight ended July 31, while bank credit growth accelerated to 19.3 per cent, its highest since May 2024
 "Bank deposit growth hits highest since December 2016 at 15.4%: RBI data")
US CENTCOM launches multinational attack drone task force in West Asia
The new formation follows Task Force Scorpion Strike, a specialised unit established last year as the US military's first dedicated one-way attack drone squadron in West Asia
 "US CENTCOM launches multinational attack drone task force in West Asia")
Bagmane Prime Office Reit eyes nearly doubling portfolio over next 7-8 yrs
Blackstone-backed Reit sees growth supported by a 47.2 msf sponsor pipeline, low leverage and potential acquisitions across India's top six office markets
 "Bagmane Prime Office Reit eyes nearly doubling portfolio over next 7-8 yrs")
Wholesale inflation eases marginally to 9.78% in July as fuel prices cool
Fuel and power inflation slowed sharply in July, offsetting higher inflation in primary articles and manufactured products, while core WPI rose to 8.2 per cent
 "Wholesale inflation eases marginally to 9.78% in July as fuel prices cool")
FDA shuts some Domino's, Pizza Hut stores in Maharashtra over hygiene lapse
In recent weeks, India's federal food regulator has cracked down on labelling by companies including PepsiCo and Diageo that it says breaches rules, while also cancelling many food business licenses
 "FDA shuts some Domino's, Pizza Hut stores in Maharashtra over hygiene lapse")
Limited supply, strong demand drive down long-tenor bond yields in FY27
NaBFID's ₹3,000 crore issue gets 2.8x bids on Friday
 "Limited supply, strong demand drive down long-tenor bond yields in FY27")
TCS & Rolls-Royce achieve milestone in hydrogen propulsion programme
The companies demonstrated the operation of a modern aero gas turbine across a fully simulated flight cycle using 100 per cent hydrogen, including take-off and landing
 "TCS & Rolls-Royce achieve milestone in hydrogen propulsion programme")
Engineers India Q1 net profit rises 55% to ₹108.6 crore, revenue falls
Lower technical assistance and sub-contracting costs supported profitability, while the company's order book stood at Rs 14,424 crore at the end of the June quarter
 "Engineers India Q1 net profit rises 55% to ₹108.6 crore, revenue falls")
Banks seek more from ATMs as non-cash services remain largely unused
ATMs offer fund transfers, bill payments and several other services beyond cash, but low awareness and the rise of mobile banking have left much of this capacity underused
 "Banks seek more from ATMs as non-cash services remain largely unused")