Lenskart Q4 Profit Falls as Revenue Jumps 32%
Lenskart's Q4 profit fell to Rs 203.6 crore despite strong revenue growth driven by store expansion, higher average selling prices, and international markets.
Category : Business
NTPC's Rs 30,000 Crore Expansion to Boost Nabinagar Power Plant
NTPC is investing Rs 30,000 crore to add 2,400 MW capacity at Nabinagar in Aurangabad, making it eastern India's largest thermal power station, boosting Bihar's power supply and local economy with thousands of jobs.
Haryana Man Held for Dowry Refusal to Marry
Fatehabad police arrested Sunil for allegedly refusing to marry a woman after her family failed to meet dowry demands including a car and motorcycle.
CBI arrests two GST officials in Giridih bribery case
The CBI arrested a GST superintendent and inspector in Giridih for demanding a Rs 90,000 bribe to resolve an input tax credit mismatch. They were caught red-handed accepting part payment.
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Two Killed, Four Injured in Road Accident Near Adoni
Two persons died and four were injured in a road accident near Siriguppa road junction in Adoni, Kurnool district. A speeding SUV hit a bike, killing two on the spot. Police are investigating.
TCS Clarifies No Salary Cuts, Explains Gratuity Changes
TCS denies salary reduction claims, attributing confusion to gratuity exclusion in payslips following new labour codes. Take-home pay protected, with higher gratuity accruals.
AP to Launch Major MSME Energy and Water Efficiency Programme
Andhra Pradesh will launch one of India's largest MSME energy and water efficiency programmes at the MSME Growth Conclave on May 25 in Vijayawada, with CM Chandrababu Naidu as chief guest.
Piyush Goyal: Toffee Exports Jump 166% Since Modi-Meloni Meet
Commerce Minister Piyush Goyal highlighted a 166% rise in toffee exports over 12 years after PM Modi gifted Italian Premier Meloni 'Melody' toffees.
India Core Sector Growth 1.7% in April, Two-Month High
India's eight core infrastructure sectors grew 1.7% in April, a two-month high, driven by steel, cement, and electricity. However, coal, oil, and gas output declined.
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Rupee Depreciation to Boost Profit Margins of Indian IT Firms
The Indian rupee's depreciation to an all-time low of 96.90 against the US dollar is expected to provide a direct tailwind for IT firms' profit margins.
QUAD Township Project to Boost Kerala IT Infrastructure
The QUAD integrated township at Technocity, with Rs 1,600 crore investment, features IT towers, commercial complex, and residential space on 30 acres.
MANN+HUMMEL Opens Innovation Centre in Tumkur
MANN+HUMMEL launches an innovation centre in Tumkur, Karnataka, with plans to invest over Rs 100 crore in India, focusing on energy-efficient filtration and sustainable solutions.
VEM Technologies Gets Rs 185 Crore from InCred
Hyderabad-based VEM Technologies receives Rs 185 crore growth capital from InCred Alternative Investments to expand defence manufacturing capacity and infrastructure.
Parle Stock Rises After Modi's Toffee Gift to Italian PM
Shares of Parle Industries surged 5% after Prime Minister Modi gifted Parle Melody toffees to Italian PM Giorgia Meloni, sparking unrelated investor interest.
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Karnataka Bank Posts Record Annual Profit of Rs 1,310.5 Crore
Karnataka Bank achieved a record net profit of Rs 1,310.5 crore for FY 2025-26, with total business reaching Rs 1,92,118.6 crore. The board proposed a 50% dividend.
Southwest Airlines Opens Innovation Centre in Hyderabad
Southwest Airlines inaugurated its first global innovation centre outside the US in Hyderabad, aiming to scale up to 1,000 tech professionals in areas like AI, data science, and cybersecurity.
Mango Flyover Delay: Now Expected by August in Jamshedpur
The Mango flyover project in Jamshedpur, delayed from March to June, is now expected to be functional by August due to time-consuming girder work near Payal Cinema.
Why Tata Sons Should Stay Unlisted: Compliance
The debate over listing Tata Sons resurfaces, but its disciplined compliance with RBI rules and role as a private holding company argue against going public.
Parle Industries Shares Jump 5% on Modi-Meloni 'Melody' Buzz
Parle Industries shares hit 5% upper circuit amid viral 'Melody' exchange between PM Modi and Italy's Meloni, despite no connection to the toffee brand.
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Rupee Hits Record Low of 96.96 Against US Dollar
The Indian rupee fell to an all-time low of 96.96 per US dollar on Wednesday, driven by elevated oil prices, rising US Treasury yields, and geopolitical tensions, with RBI intervention limiting further losses.
Eurobank Cyprus Opens Mumbai Office for HNIs Investing in Europe
Eurobank Cyprus has launched a Mumbai office to assist high net worth Indians in investing across Europe, offering tailored banking and wealth management services.
Parle Celebrates Modi Gifting Melody Toffees to Meloni
Parle Products lauds PM Modi for gifting Melody toffees to Italian PM Giorgia Meloni, highlighting the rise of Swadeshi brands on global platforms.
Piyush Goyal Reviews Export Promotion Mission for Competitiveness
Union Minister Piyush Goyal reviews the Export Promotion Mission action plan aimed at enhancing India's global competitiveness and boosting exports across key sectors.
Kerala Milk Prices to Rise by Rs 4 Per Litre from June 1
Milma approves Rs 4/litre milk price hike from June 1, citing rising costs. Farmers to get Rs 3.35 of the increase, benefiting dairy producers.
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Rupee Depreciation to Boost IT Firms' Profit Margins
The rupee's fall to an all-time low of 96.90 against the US dollar is expected to directly enhance profit margins for IT companies by increasing the value of their foreign earnings.
DKMUL seeks permanent transfer of leased land from minister
DKMUL urged minister K Venkatesh to permanently transfer its leased 12.5-acre premises in Kulashekar. The union also sought a Rs 2 per litre milk price hike to ease financial pressure.
RBI Announces $5 Billion USD/INR Swap Auction on May 26
The RBI will conduct a $5 billion USD/INR swap auction on May 26 to inject liquidity amid rupee depreciation and global uncertainties.
Reliance Industries Shares Surge 3%, Market Cap Jumps Rs 50,688 Cr
Reliance Industries shares rose nearly 3% on May 20, boosting market valuation by Rs 50,688 crore to Rs 18,40,086.95 crore. The stock closed at Rs 1,359.70 on NSE.
US Stocks Rise as Bond Yields Ease, Earnings Support
US stocks edged higher on Wednesday, with the S&P 500 rising 0.3% as easing bond yields and strong corporate earnings lifted sentiment. Treasury yields slipped and oil prices fell, while Nvidia earnings awaited.
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Delhi HC Refuses to Stall Apple Antitrust Case in India
The Delhi High Court refused to pause India's antitrust case against Apple, directing the company to cooperate fully with the CCI's investigation into its App Store practices.
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