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By Kirti Srinivasan , 15 May 2025
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Keystone Realtors Doubles Q4 Profit, Eyes Growth Through Asset-Light Strategy and Redevelopment Focus

Keystone Realtors Ltd, operating under the Rustomjee brand, posted a significant rise in its fourth-quarter consolidated net profit, which more than doubled to Rs. 66.95 crore from Rs. 30.47 crore in the same period a year ago. This growth was achieved despite a decline in total income, which fell to Rs. 642.20 crore. For the full fiscal year 2024–25, the company’s profit surged 69% to Rs. 188.13 crore.

Tags

  • Real Estate
  • Business
By Manbir Sandhu , 15 May 2025
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Sterling Tools Enters Magnet-Free EV Motor Space with UK Tech Partnership, Targets Rs. 15,000 Crore Market

Sterling Tools Ltd, through its subsidiary Sterling Gtake E-Mobility Ltd (SGEM), has made a strategic foray into the manufacturing of rare earth magnet-free traction motors for electric vehicles. This move follows a technology licensing agreement with UK-based Advanced Electric Machines (AEM) Ltd, positioning Sterling as a key player in India’s evolving EV powertrain ecosystem. The initiative not only enhances domestic technological capabilities but also reduces reliance on China-dominated supply chains. With projections indicating a Rs.

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  • Technology Sector
By Gurleen Bajwa , 15 May 2025
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CBI Probes Shapoorji Pallonji Arm Over Alleged Rs. 85 Lakh Bribery Scandal Involving Senior Tax Official

The Central Bureau of Investigation (CBI) has launched an extensive inquiry into allegations of corruption involving a senior executive from Shapoorji Pallonji Infrastructure Gujarat Private Ltd and a top Income Tax official. The case centers on an alleged Rs. 1.20 crore bribe demand, of which Rs. 85 lakh was reportedly paid to influence a tax appeal ruling.

Tags

  • Infrastructure
  • CBI
By Anant Kumar , 15 May 2025
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GE Vernova Commits Rs. 140 Crore to Strengthen India’s Grid Infrastructure and Energy Exports

GE Vernova has unveiled plans to invest Rs. 140 crore through its publicly listed Indian subsidiary, GE Vernova T&D India, aimed at scaling up its manufacturing capacity to support India's evolving energy ecosystem. The initiative will bolster production and testing of high-tech equipment vital for next-generation power transmission, with a strong emphasis on technologies such as HVDC and FACTS. The move aligns with India’s energy transition goals and positions the country as a strategic manufacturing and export hub for clean energy solutions.

Tags

  • Power
  • Business
By Kunal Shrivastav , 15 May 2025
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Nykaa and Coromandel Set to Join MSCI India Index in Major Rebalancing Move

In a significant update to its global equity benchmarks, MSCI has announced the inclusion of FSN E-Commerce Ventures Ltd (parent of Nykaa) and Coromandel International in its MSCI India Index, effective May 30, 2025. The move, stemming from MSCI’s quarterly review of its Global Standard Indexes, is expected to impact foreign fund flows into these stocks. Simultaneously, the MSCI Global Smallcap Indexes will see the addition of 11 new companies and the exclusion of 22, reflecting ongoing recalibrations in market capitalization thresholds and investor interest.

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  • Business
By Gurleen Bajwa , 15 May 2025
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Urvashi Rautela Returns to Cannes: Glamour, Controversy, and a Crystal Parrot

Bollywood actor and red carpet fixture Urvashi Rautela made another dazzling appearance at the 2025 Cannes Film Festival, attending the opening ceremony and screening of Partir un Jour (Leave One Day). Known for her bold fashion choices, Rautela drew attention in a tri-colored strapless gown paired with a bejeweled tiara and a parrot-shaped crystal clutch valued at over Rs. 4.68 lakh.

Tags

  • Bollywood
  • Indian Celebrities
  • Entertainment
By Vrinda Chaturvedi , 15 May 2025

KPI Green Energy and KP Energy Post Stellar Q4 Results on Strong Revenue Growth

KPI Green Energy and its group counterpart KP Energy, both part of Gujarat-based KP Group, posted robust fourth-quarter earnings for FY25, driven by a significant surge in revenues. KPI Green Energy saw its net profit more than double year-on-year to Rs. 104.18 crore, supported by a nearly twofold jump in revenue to Rs. 577.80 crore. KP Energy also reported strong growth, with net profit climbing to Rs. 45.79 crore. The board of both companies declared modest dividends, reinforcing shareholder value.

Tags

  • Energy
  • Business
By Gurleen Bajwa , 15 May 2025
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India Restricts Access to Chinese State Media X Accounts Amid Legal Concerns

India has blocked access to the X (formerly Twitter) accounts of Chinese state-run media outlets, Global Times and Xinhua, within its jurisdiction following a legal request. The move reflects growing scrutiny of foreign influence over digital platforms and aligns with India’s evolving regulatory stance on content moderation and national security. While the exact grounds for the restriction remain undisclosed, the Ministry of Electronics and Information Technology has not responded to queries seeking clarification.

Tags

  • Media Sector
  • Technology Sector
By Kirti Srinivasan , 15 May 2025
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Eicher Motors Rides High with 27% Surge in Q4 Profit, Declares Rs. 70 Dividend

Eicher Motors Ltd, the parent company of Royal Enfield, delivered a strong financial performance for the quarter ended March 31, 2025, reporting a 27% year-on-year rise in consolidated net profit to Rs. 1,362 crore. Revenue from operations also saw a significant uptick, growing to Rs. 5,241 crore from Rs. 4,256 crore in the same quarter last year. For the full fiscal year, the company’s net profit climbed 18% to Rs. 4,734 crore. As a reward to shareholders, the board proposed a final dividend of Rs. 70 per share, reinforcing investor confidence in Eicher’s consistent growth trajectory.

Tags

  • Automobiles
  • Business
By Nitin Mohan Mishra , 15 May 2025
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IIT Roorkee Launches Strategic Product Management Programme to Shape Next-Gen Innovation Leaders

The Indian Institute of Technology Roorkee has unveiled a forward-looking Strategic Product Management Programme, aimed at empowering current and aspiring product leaders to thrive in today’s complex, AI-driven business landscape. Spanning five months, the curriculum is meticulously designed to blend strategic thinking with innovation, data analytics, and user-centered design. By fostering a holistic mindset toward product development and management, IIT Roorkee seeks to develop professionals capable of creating and scaling impactful, market-ready solutions in a dynamic, global economy.

Tags

  • Education
  • Technology Sector

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