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By Gurminder Mangat , 14 May 2025
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Arkade Developers Delivers Robust Q4 Earnings, Signals Continued Strength in India’s Real Estate Market

Mumbai-based Arkade Developers Ltd has posted a striking 70% surge in net profit for the March quarter, highlighting the company's strong operational momentum and the buoyancy of India’s real estate sector. The firm reported a consolidated net profit of Rs. 33.26 crore, up from Rs. 19.61 crore during the same period last year. For the full fiscal year 2024–25, Arkade’s profits climbed to Rs. 156.92 crore, while total income rose 9.25% to Rs. 694.60 crore.

Tags

  • Real Estate
  • Business
By Aseem Mehta , 14 May 2025
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Rupee Strengthens Amid Buoyant Equities and Tame Inflation, But Crude Oil Rally Looms Large

The Indian rupee posted a notable gain in early Wednesday trade, appreciating 31 paise to Rs. 85.05 against the US dollar. This upward move was underpinned by strong domestic equities and encouraging macroeconomic data, particularly cooling retail inflation. However, the rally was tempered by foreign capital outflows and a sharp rebound in global crude oil prices, which pose fresh risks to India’s trade balance.

Tags

  • Economy
By Nishant Verma , 14 May 2025
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India’s Major Ports Navigate Strong Growth Wave as Cargo Volumes & Investments Surge in FY 2024–25

India’s major ports have posted a solid 4.3% growth in cargo handling for the financial year 2024–25, reaching a total of 855 million tonnes, signaling the sector’s resilience and robust trade momentum. This growth has been powered by double-digit gains in container and fertilizer cargo, while petroleum products and coal remained key contributors. Record-breaking performances at Paradip and Deendayal ports, alongside a significant increase in private sector investment and land allocation for industrialization, point to a transformative shift in India’s maritime economy.

Tags

  • Shipping Sector
By Manbir Sandhu , 14 May 2025
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Thomas Cook India Reports Strong Q4 with Rs. 66 Crore Profit Amid Travel Sector Revival

Thomas Cook India Ltd has posted a 13.5% year-on-year rise in consolidated net profit for the fourth quarter ended March 31, 2025, buoyed by a resurgence in travel demand and robust performance across its core service offerings. The company reported a profit of Rs. 66 crore, up from Rs. 58.17 crore in the same quarter last year. Revenue from operations climbed to Rs. 2,022 crore, reflecting significant recovery momentum. Meanwhile, the board reaffirmed confidence in its leadership, extending Mahesh Iyer’s term as Managing Director and CEO.

Tags

  • Business
  • Travel
By Gurleen Bajwa , 14 May 2025
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Biryani Blues Garners Rs. 40 Crore in Pre-Series C Round to Fuel Aggressive Expansion Plan

Biryani Blues, one of India’s rapidly growing quick service restaurant (QSR) chains, has secured USD 5 million (approximately Rs. 40 crore) in a pre-Series C funding round led by Carpediem Capital’s newly launched fund, Yugadi Capital. The latest investment is earmarked to accelerate the company’s growth strategy, including the rollout of over 100 new outlets across northern India, enhancement of its operational infrastructure, and expansion of its workforce.

Tags

  • Hotel Sector
By Nishant Verma , 14 May 2025
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Lupin Secures U.S. Market Edge with Launch of Generic Tolvaptan, Gains 180-Day Exclusivity

Lupin Ltd., a leading pharmaceutical player, has announced the commercial launch of its generic Tolvaptan tablets in the United States, targeting patients with autosomal dominant polycystic kidney disease (ADPKD). Following a regulatory nod from the U.S. Food and Drug Administration (USFDA), Lupin now holds the coveted 180-day exclusivity window for this therapy, positioning the company advantageously in a high-value therapeutic segment.

Tags

  • Pharmaceutical
  • USFDA
By Shilpa Reddy , 14 May 2025
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JSW One Platforms Joins Unicorn Club with Rs. 340 Crore Fundraise to Fuel MSME-Led Growth

JSW One Platforms, the B2B e-commerce subsidiary of JSW Group, has secured Rs. 340 crore in fresh funding, propelling its valuation to USD 1 billion and formally establishing its unicorn status. The round was led by Principal Asset Management and OneUp, with JSW Steel also participating. This latest infusion follows a previous Rs. 205 crore investment by Japan’s Mitsui & Co. in April 2023.

Tags

  • Business
  • E-Commerce
By Kunal Shrivastav , 14 May 2025
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Gold Prices Rebound Sharply as Market Reacts to Tariff Relief and Geopolitical Tensions

Gold prices in the Indian market witnessed a strong rebound on Tuesday, climbing by Rs. 950 to Rs. 97,500 per 10 grams after a steep drop the previous day. The surge mirrors global trends, with spot gold edging higher to USD 3,253.38 per ounce amid renewed safe-haven demand. This recovery comes in the wake of easing trade tensions between the United States and China, coupled with fresh geopolitical concerns in the Middle East. Silver, by contrast, experienced a marginal dip. Investors are now turning their attention to upcoming U.S.

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  • Bullion Update
By Gurminder Mangat , 14 May 2025
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Gold Shines Bright as Futures Surge Amid Strong Physical Demand and Global Tailwinds

Gold prices continued their upward trajectory on Tuesday, buoyed by robust spot demand and renewed investor interest. Futures for June delivery climbed by Rs. 694 to Rs. 93,595 per 10 grams on the Multi Commodity Exchange (MCX), reflecting a 0.75% increase. The surge, analysts say, stems from fresh positions built by traders in anticipation of strong returns, as well as a supportive global backdrop where gold futures in New York also rose by 0.53% to USD 3,253.57 per ounce.

Tags

  • Bullion Update
By Keshav Kulshrestha , 14 May 2025
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Govinda's Extended Hiatus: A Family's Plea for His Return to the Big Screen

Bollywood icon Govinda, once the undisputed star of the 1990s, has been largely absent from the film industry in recent years, leading to growing concern among his fans and family alike. His wife, Sunita Ahuja, recently opened up about their frustration with his extended break from acting, revealing her desire to see him return to the screen. Despite being urged by her family to embrace the evolving film landscape, Govinda remains resistant to change. This article delves into Sunita's heartfelt plea, the challenges Govinda faces, and the dynamics within the family regarding his career.

Tags

  • Entertainment
  • Bollywood

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