New Delhi: State-owned heavy industries manufacturing giant Bharat Heavy Electricals Limited (BHEL) has reported a net loss of Rs.455 crore in Q1FY26, a 116% increase from Rs.210 crore net loss in the corresponding quarter last year. The company’s revenues have remained flat at Rs.5,487 crore in the quarter, a tad higher than the Rs. 5,485 crore reported last year. The company’s expenses have risen to Rs.6,280 crore, 7% higher than Rs.5,874 crore a year ago. The company has attributed the losses to hampered construction activity due to early monsoons, even as the company commissioned various projects and capacity additions in…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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Bengaluru: German technology major SAP inaugurated its second campus in Bengaluru- the 41-acre SAP Labs India Innovation Park- at Devanahalli, close to the International Airport, on Tuesday. The campus was inaugurated by Karnataka CM Siddaramaiah with State IT Minister Priyank Kharge, German Ambassador to India Phillip Ackermann, Sindhu Gangadharan, MD of SAP Labs India and other dignitaries present. This is SAP’s second campus in Bengaluru after its 22-acre Whitefield campus. Currently, more than 3,200 employees have already moved to the new campus, and 4,500 will be accommodated in the next few months. The entire development is aimed to be completed…
India’s IT industry has been widely celebrated to be the country’s biggest export success story after the economy opened up in 1991. India had a first mover advantage, a large, ambitious, abundant, skilled and adaptable talent pool that has routinely proved itself over the years. Indian IT companies have, over the years, won the trust of leading Western companies and governments, who increasingly depend on cheap labour for supplementing their daily operations. Ever since the internet has become indispensable for everyday tasks, Indian coders have proved their worth as a dominant player in the global outsourcing market. Indian IT companies’…
In 2025, when job security is an all-time low, and inflation is at an all-time high, the gig economy has become a lifeline for millions looking to eke out a living. As per a report by the NITI Aayog, the gig economy provides employment to about 77 lakh people in 2021. These are primarily those who deliver your takeout dinner, groceries or household maintenance services at your doorstep. Many of them have no option but to accept these jobs, as nothing else is available, and they pay a consistent income needed to sustain their family. The rapid adoption of these…
New Delhi: Investors are already looking forward to JSW Cement’s IPO, that’s set to open tomorrow, August 7. The Rs.3,600 crore public issue aims to raise funds for the company’s upcoming integrated cement plant in Nagaur, Rajasthan along with paying off a part of its Rs.2,700 crore net debt. The company currently has an annual capacity of 21 MTPA, a fairly insignificant player in the industry dominated by UltraTech and Adani Cement, collectively have a capacity of 284 MTPA or a 48% market share. Even after its Nagaur plant is operationalised, the company doesn’t have much of a say in…
New Delhi: After watching cryptocurrencies’ valuations rise dramatically from the sidelines, Finance Minister Nirmala Sitharaman was forced to acknowledge its role as a trading asset, but not as a currency, as it is not a fiat currency approved globally. In her 2022 budget speech, she imposed a 30% flat tax on cryptocurrencies, classifying them as virtual digital assets (VDAs) for the 2022-23 financial year. Since then, the government has now got a new source of income, with Rs.706 crore collected in taxes cumulatively since then. Taxed under Section 115BBH of the Income Tax Act,1961, the income tax department’s tax sleuths…
AI is not only threatening your job, it’s threatening the very existence of many companies. Legacy brands that were everywhere now face an existential threat. Brands, and the people who depend on them, are being forced to implement AI, or risk being history Google Search Perplexity and ChatGPT’s to-the-point results offer greater value than irrelevant sponsored links in Google SERPs. Though AI Overviews highlight the most relevant ones, Google’s dominance is under threat. Although Google claims it hasn’t seen a drop in search volume, it has added search overviews to wean away people who’d just want a summary or the…
New Delhi: Kaynes Circuits India, a subsidiary of Mysuru-based Kaynes Technology, has signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu for a proposed Rs.4.995 crore investment in advanced circuit manufacturing facilities in the state. According to sources close to the development, the investment would help generate 4,700 jobs in Thootukodi and the surrounding areas. This would be Tamil Nadu’s first major investment in Printed Circuit Boards (PCB) manufacturing, after housing major electronics assembling hubs in Sriperumbudur and Hosur. Located close to VinFast’s EV manufacturing facility, this investment is expected to boost electronics manufacturing in the…
New Delhi: Cigarette-to-FMCG major ITC Ltd reported a 20% year-on-year rise in revenue from Rs.17,593 crore in Q1FY25 to Rs.21,058 crore in the corresponding quarter this year. However, the company saw a muted growth in net profit, rising 2% from Rs.4.819 crore last year to Rs.4,912 crore this quarter. The company’s flagship cigarette business beat expectations, with its revenue growing to Rs.8,520 crore from Rs.7,918 crore last year, a 7.6% YoY growth, beating analysts’ 5-6% growth expectations.Its paperboard segment saw a 7% growth as well, from Rs.1,977 crore to Rs.2,116 crore, but the segment’s net profits were down 37.8% from…
New Delhi: India’s leading power company Tata Power reported a 6% rise in net profit to Rs.1,262 crore in Q1FY26 from Rs.1,189 crore in the corresponding period a year ago. The company’s renewables division has stood out with a 95% rise in PAT at Rs.531 crore, as the company continues to shift its focus to clean and green energy, aiming to lower its dependence on coal energy from 44% currently to 30% by 2030. The company’s consolidated revenue increased to Rs.17,464 crore, a 4.3% YoY rise from Rs.16,814 crore last year. “We have commenced FY26 on a high note, with…
