Business Standard's opinion pages this week focused on Supertech Twin Tower demolition, INS Vikrant, Net zero emissions, and much more

BS Views of the week: Twin Tower demolition, GDP numbers, INS Vikrant, and more

The India Cements Ltd, now an Aditya Birla Group firm, on Saturday reported a consolidated net profit of Rs 14.68 crore for the quarter ended in March 2025.
It had reported a net loss of Rs 60.55 crore in the January-March period a year ago, according to a BSE filing.
However, its revenue from operations was down 3.11 per cent to Rs 1,197.30 crore in the March quarter of FY25. This was at Rs 1,235.74 crore in the corresponding quarter last fiscal.
Total expenses of India Cements were at Rs 1,313.2 crore, down marginally in the March quarter. Total income, which includes other income, declined by 2.52 per cent to Rs 1,255.66 crore in the March quarter.
For the financial year ended on March 31, 2025, India Cements reported narrowing of its net loss to Rs 143.88 crore from Rs 227.34 crore in FY'24.
Total income was at Rs 4,357.41 crore in FY2, down 13.81 per cent compared to the previous year.
UltraTech Cements, the country's leading cement maker, in December last year acquired the 

The India Cements Ltd, now an Aditya Birla Group firm, on Saturday reported a consolidated net profit of Rs 14.68 crore for the quarter ended in March 2025.

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The prime accused in the alleged Rs 3,200 crore liquor scam during the erstwhile YSRCP regime has "confessed" that former Chief Minister YS Jagan Mohan Reddy had endorsed him to chalk out an excise policy which would generate revenues for the state and party (YSRCP), said a SIT official in his remand report.
However, the YSRCP rejected the charges, criticising the TDP-led NDA government in Andhra Pradesh for orchestrating a politically motivated liquor scam narrative against party leaders and employing media propaganda to propagate it.
"During the confession, he (Kasireddy Raja Sekhar Reddy) stated that Jagan Mohan Reddy, the then chief minister, endorsed him to chalk out an excise policy by which more revenue is generated for the state enabling the government to use the same for welfare measures on one side and to get party fund on the other side," said the report.
However, Reddy refused to sign his "confessional statement", it added.
Reddy, who was arrested recently, has been ...

The YSRCP rejected the charges, criticising the TDP-led NDA government in Andhra Pradesh for orchestrating a politically motivated liquor scam

Hollywood legend Martin Scorsese has boarded the team of Neeraj Ghaywan's upcoming movie "Homebound" as an executive producer, the Indian director announced on Saturday.
The film, which is Ghaywan's second feature directorial effort, is set to have its world premiere at the 2025 Cannes Film Festival as part of the Un Certain Regard category.
Ghaywan shared the news on his official social media handles, saying he is "still in disbelief" to have an icon like Scorsese lend his name to his movie.
"(It) is an honour beyond words. I'm deeply grateful to our co-producer Melita Toscan, who introduced us to him. Mr. Scorsese mentored us through the screenplay and multiple rounds of editing.
"He listened with care, understood the cultural context, and offered thoughtful, incisive notes each time. His kindness and commitment are extraordinary, and to have him nurture our film has been both a rare privilege and a profoundly humbling experience!" he wrote on X.
Scorsese, known for classic film

The film, which is Ghaywan's second feature directorial effort, is set to have its world premiere at the 2025 Cannes Film Festival as part of the Un Certain Regard category

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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BS Views of the week: Twin Tower demolition, GDP numbers, INS Vikrant, and more

Business Standard's opinion pages this week focused on Supertech Twin Tower demolition, INS Vikrant, Net zero emissions, and much more

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