New Delhi: The Union Cabinet has approved a ₹10,000 crore support package for the Indian aviation sector as it looks to protect it from Aviation Turbine Fuel (ATF) price volatility. This comes at a time when international crude prices continue to soar, with the conflict in the Middle East showing no signs of slowing. Interest-Free Advances to OMCs The government aims to offer this relief to state-run Oil Marketing Companies (OMCs) against direct handouts to airlines as it looks to provide interest-free financial advances directly to the OMCs. This would help them purchase raw crude and process it into ATF…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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Kolkata: Power transmission cable manufacturer JD Cables Limited has seen a 30% rise in Profit After Tax(PAT) to ₹31.72 crore in FY26 from ₹22.03 Crore a year earlier as the company has witnesses stronger demand for its products. For the year ended March 31, the company has a total order book value of ₹515 Crores from domestic utilities and infrastructure developers as they look to upgrade the national electrical grid. Capitalizing on the Infrastructure Supercycle This expansion has come from structural spending shifts within India’s power distribution framework: Expanding the Order Book: The company has won repeated orders from multiple…
Jalgaon: Agritech major and micro irrigation pioneer Jain Irrigation Systems Limited (JISL) has successfully commissioned its state-of-the-art Biochar production facility in Jalgaon, Maharashtra, to convert agricultural crop residue into organic fertilizers. The newly commissioned facility can process 20,000 tonnes per annum, making it the world’s largest single-unit biochar facility, with further units under development. The Ecological Benefits The plant utilizes advanced, modern carbon capture and recycling workflows to deliver significant ecological benefits: High-Capacity Pyrolysis: A massive single-stream reactor will treat local crop residues under high-temperature, oxygen-deprived conditions. Turning Waste into Wealth: The process will convert bulky agricultural waste such as cotton stalks, soybean…
The crypto market has reacted abruptly to the growing unease in the financial markets over the delays in peace negotiations between the US and Iran. Over the past 24 hours, investors pulled out almost $1.86 billion of crypto assets from the markets, with Bitcoin redemptions alone reaching $896 billion, data from CoinGlass shows. Following this, Bitcoin has fallen 7%, away from the $80,000 level reached a month earlier. This sharp downturn has also affected Ethereum, with the token trading below $2,000 it had reached earlier in the week. Behind The Capital Flight The primary reason behind this has been the…
New Delhi: Faced with a shortage of LNG due to the blockade of the Strait of Hormuz, India has stepped up supplies of LNG from Oman as an alternative. As the world’s fourth-largest buyer of LNG has seen its Qatari shipments blocked to zero, Oman has stepped up with supplies of almost 489,000 tonnes in March, accounting for nearly 30% of its total 1.63 tonnes of imports, according to data from ICRA. This has marked a dramatic reversal from early 2026, where Qatar was responsible for almost 47% of India’s LNG imports. The Oman Advantage For India, Oman’s unique geographical…
Mumbai: Shilpa Medicare’s biotech research arm Shilpa Biocare Pvt Ltd has announced a 30.4% equity stake acquisition in Spanish biotechnology firm Gate2Brain, S.L. as it looks to strengthen research in emerging oncology treatments. The deal worth about €7 million, is aimed at contributing to the ‘manufacturing and regulatory depth required to bring G2B-002 to first-in-human studies and extend its application to other molecules and therapy categories,’ the company said in a press release. Gate2Brain is developing the G2B-002 anticancer agent aimed at treating lethal childhood intrinsic pontine glioma (DIPG) and pediatric glioblastoma (pGBM) brain cancers. Through its MiniAp4 peptide shuttle,…
Atlanta, US: The Coca-Cola Company has announced plans to divest its stake in its Indian bottling arm Hindustan Coca-Cola Beverages Private Limited (HCCB) as it looks to unlock value from it. According to a press release, the company will divest a portion of its equity stake through an Initial Public Offering (IPO) by 2027. This upcoming public listing will make HCCB into a publicly traded enterprise from its previous status as a wholly owned subsidiary. In July 2025, The Coca-Cola Company had already sold 40% of its stake in HCCB to Jubilant Bhartia Group. “This announcement is another important step…
Noida: Power sector automation and tech integration specialist Sharika Enterprises Limited has marked a major breakthrough with its maiden Advanced Distribution Management System (ADMS) subcontract in the state of Uttarakhand. This project win expands the company’s portfolio from core smart grid consulting to high value, execution heavy distribution management system integration. It establishes a strong regional footprint as the company taps into India’s growing demand for power infrastructure solutions. Awarded under the Uttarakhand Power Corporation Limited’s (UPCL) flagship Ganga Corridor power distribution modernization project, Sharika Enterprises will work with East India Udyog Limited (EIUL), the lead contractor, to transform the…
Mumbai: Leading food processing and fruit pulp exporter Foods & Inns Limited has announced its audited financial results for the quarter ended March 31, 2026. The company has witnessed a 16% decline in profits from ₹ 23 crore in Q4 FY25 to ₹19 crore this time, even though the profit margin has improved to 6.6% from 5.8% reported from the same period last year, the company said in a regulatory filing. The war in the Middle East has impacted cash flows, with realizations declining by 25.3% year on year, even as the demand for its flagship mango pulp business remains…
Bengaluru: Global digital retail marketing and automotive e-commerce solutions provider Izmo Limited reported a 15.9% increase in its profits to ₹17.3 crores for the quarter ended March 31 on the back of a stronger order book and new client additions. The company has been working to scale up its Software-as-a-Service (SaaS) integration across its global dealership networks. The company is also actively looking to diversify into new markets and sectors through its Izmo Micro and Izmo Cars subsidiaries. Earlier this year, Izmo Micro achieved a breakthrough in semiconductor packaging by developing a camera component that meets stringent thermal and vacuum…
