Business

Strong performance on profits with highest-ever PAT of INR 313 crores for Q1’25, a growth of ~500% Highest-ever EBITDA of INR 619 crores, up by 375% YoY, in Q1’25 on the back of stability in edible oil prices Strong double-digit YoY growth of 12% and 10% on volume and revenue respectively in Q1, leading to overall revenue of INR 14,169 crores Edible oil registered strong volume growth of 12% YoY and surpassed 1mn MT in Q1’25 Food & FMCG sales…

Adani Total Gas Q1FY25 Results Operational Highlights Q1FY25 (Standalone): Financial Highlights Q1FY25 (Standalone) Y-o-Y: Consolidated Q1FY25 PAT Pan India Footprint –Q1FY25 (With JV namely IOAGPL): Key Business updates ATGL received approval from the regulator, PNGRB for transfer of Letter of Authorization of Jalandhar GA pursuant to Business Transfer Agreement. Jalandhar GA in Punjab provides high volume growth opportunity to the Company. Adani Total Energies E-mobility Limited (ATEL) 1212 EV charging points have been commissioned across 15 states Ahmedabad : Adani…

The Government of India has taken various initiatives to promote startups across the country. The details of the various initiatives taken by Ministries/Departments of the Government to promote startups are as under: The Government with intent to build a strong ecosystem for nurturing innovation and encouraging investments launched the Startup India initiative on 16th January 2016. As per eligibility conditions prescribed under G.S.R. notification 127 (E) dated 19th February2019, entities are recognized as ‘startups’ under the Startup India initiative by the DPIIT. DPIIT…

Shri T.K. Ramachandran, Secretary, Ministry of Ports, Shipping and Waterways (MoPSW), made his maiden visit to Paradip Port Authority (PPA). During his visit he inaugurated and laid foundation stone of several significant projects worth more than Rs. 13 crores. He inaugurated the Trauma and Burn Care (TBC) Centre in the newly constructed Annex building of Paradip Port Hospital. Constructed at a cost of Rs. 2.90 Crores, the centre will provide curative and rehabilitative services for trauma and burn victims in…

Chandigarh – HARCO Bank has set a target of Rs. 100 crore net profit for the financial year 2024-25. Providing this information, the bank’s Managing Director/CEO, Dr. Prafulla Ranjan, stated that a meeting of all branch managers was held to determine this target. He mentioned that the bank has also made changes in its loan distribution schemes, increasing the home loan limit to Rs. 75 lakh and the education loan limit to Rs. 40 lakh. Dr. Ranjan shared details about…

Lucknow : The Yogi government’s reforms in policy, aimed at expanding existing investments and attracting new ones to the region, are making an impact. HL Agro Products Pvt Ltd, a company specializing in the production, marketing, and supply of plant-based raw materials for the global food and beverage industries, has announced a planned investment of ₹499.99 crore in expanding its unit in Kanpur Dehat. This investment will support the growth of its maize starch and liquid glucose unit in Uttar…

Based on the proposals received from respective State Government(s), Software Technology Parks of India (STPI), an autonomous society under Ministry of Electronics and Information Technology (MeitY) has set-up 65 STPI centres across the country. Further, Government of India has also approved 20 new STPI centres across the country. Apart from setting up of STPI centres as above, MeitY had notified Electronics Manufacturing Clusters (EMC) Scheme in October, 2012 to provide support for the creation of world-class infrastructure along with common facilities and amenities for attracting investments…

The Competition Commission of India (CCI) has approved the proposed acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited. The proposed combination envisages the acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited (SGIH) by Sanlam Emerging Markets (Mauritius) Limited (SEMM) from its existing shareholders. SGIH is the promoter and holding company of Shriram General Insurance Company Limited (SGIC).  SGIH holds 66.64% stake in SGIC. SEMM, incorporated in Mauritius, is a 100% subsidiary of Sanlam Limited, South…

The Competition Commission of India (CCI) has approved acquisition by Manipal Health Systems Private Limited and MEMG Family Office LLP in Aakash Educational Services Limited. Manipal Health Systems Private Limited (Acquirer-1) is a company resident in India engaged in the business of running/ managing hospitals and providing healthcare services. MEMG Family Office LLP (Acquirer-2), incorporated in India, is a limited liability partnership firm and ultimately belongs to the Pai Family Group. Acquirer-2 is engaged in the provision of consultancy services in…

By Karunakar Rai M. The Future of Records Management for Organizations and the Role of Outsourcing – As we progress further into the digital age, the landscape of records management is undergoing a significant transformation. For organizations, maintaining effective records management practices is no longer just a matter of efficiency; it’s a critical component of strategic planning, regulatory compliance, and data security. The future of records management lies in embracing digital transformation, automation, and cloud-based solutions. As organizations strive to…