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By Vinod Pathak , 23 April 2025
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Srinagar Air Travel Disrupted Post-Terror Attack; Government Moves to Stabilize Fares and Assist Tourists

In the aftermath of a tragic terror attack in Pahalgam, South Kashmir, which claimed 26 lives on Tuesday, Srinagar’s air travel system has been under intense scrutiny. Civil Aviation Minister K. Rammohan Naidu assured the public that airfares for Srinagar flights are being closely monitored to prevent unjustified price surges. The government also announced additional flights to facilitate the swift departure of tourists seeking to return home. The efforts include the provision of extra amenities at Srinagar airport to ensure the safety and comfort of passengers.

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  • Aviation
By Gurminder Mangat , 23 April 2025
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Gold Retreats from Record Highs Amid Profit Booking and Eased Geopolitical Tensions

Gold prices witnessed a sharp pullback on Wednesday, snapping a four-session winning streak that had pushed the precious metal to record highs on the Multi Commodity Exchange (MCX). June gold futures fell by Rs. 1,975, or 2.03%, closing at Rs. 95,365 per 10 grams, amid investor profit booking and a moderation in global geopolitical tensions. Analysts attributed the decline to a softened tone from former U.S. President Donald Trump regarding the Federal Reserve and China, which dampened the demand for safe-haven assets.

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  • Bullion Update
By Gurminder Mangat , 23 April 2025
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India’s Formal Workforce Expands: EPFO Adds Over 16 Lakh Members in Feb, Led by Youth & Women Participation

India’s Employees' Provident Fund Organisation (EPFO) registered a robust net addition of 16.10 lakh members in February 2025, reflecting a 3.99% year-on-year increase. The surge is attributed to growing employment opportunities, improved awareness of employee benefits, and sustained outreach efforts by the EPFO. A significant portion of new enrollments came from the 18–25 age group, underlining the influx of first-time job seekers. Female participation also witnessed a notable rise, marking a progressive shift in the workforce.

Tags

  • Employment
  • Economy
By Kirti Srinivasan , 23 April 2025
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IGI Shines Bright: International Gemmological Institute Reports Strong Q1 Growth, Signals Bullish Outlook

International Gemmological Institute (India) Ltd (IGI), a global leader in diamond certification, has announced robust financial results for the first quarter of calendar year 2025, posting an 11.6% year-over-year increase in consolidated net profit, reaching Rs. 140.7 crore. The company’s total revenue climbed to Rs. 313.21 crore, underpinned by growing demand for both natural and lab-grown diamond certifications. With a notable 29% surge in EBITDA from the previous quarter and ongoing investments in technology and process optimization, IGI appears poised for continued upward momentum.

Tags

  • Business
  • Bullion Update
By Manbir Sandhu , 23 April 2025
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WEY Technology Expands India Footprint with New Experience Centre in Delhi to Serve Mission-Critical Sectors

Swiss-based WEY Group AG’s Indian subsidiary, WEY Technology India Ltd, has inaugurated its second Experience Centre in the country, strategically located in New Delhi. This expansion reinforces the company's commitment to India's burgeoning infrastructure and security markets. The new facility will complement its existing centre in Mumbai and will showcase WEYTEC’s advanced workplace solutions for real-time data management in high-stakes environments such as control rooms, trading floors, and security operation centres.

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  • Technology Sector
By Vinod Pathak , 23 April 2025
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NexGen Energia Secures USD 1 Billion Investment to Power India's Clean Energy Future

NexGen Energia, a leading green energy company in India, has secured a USD 1 billion (approximately Rs. 850 crore) investment from Kuwait’s Capital Edge to expand its Compressed Bio-Gas (CBG) infrastructure across the country. This equity-based funding comes as India intensifies its focus on renewable energy and energy self-reliance. With the investment, NexGen Energia plans to scale up its operations, contributing significantly to India's clean energy transition.

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  • Energy
  • Business
By Kirti Srinivasan , 23 April 2025
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Mahindra Group Reshuffles Senior Leadership to Accelerate Growth and Drive Innovation

Mahindra Group has initiated a significant leadership reshuffle across its core businesses, marking a strategic pivot to align with future growth imperatives. Hemant Sikka, the current President of the Farm Equipment Sector, will transition to Mahindra Logistics as Managing Director and CEO. Veejay Nakra will assume leadership of the Farm Equipment Business, while R Velusamy will take charge of the Automotive Business.

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  • Automobiles
By Gurminder Mangat , 23 April 2025
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Gold Nears Rs 1 Lakh Milestone as Global Turmoil Spurs Flight to Safety

Gold prices in India are fast approaching the psychological benchmark of Rs 1 lakh per 10 grams, driven by a surge in global demand amid mounting geopolitical uncertainty, a weakening U.S. dollar, and continued trade tensions between Washington and Beijing. On Monday, gold of 99.9% purity hit Rs 99,800 in Delhi, reflecting a sharp intraday gain of Rs 1,650. This marks a significant 26.41% rise since the beginning of the year. With silver also on an upward trajectory, investor interest in precious metals is accelerating as safe-haven demand dominates amid global economic volatility.

Tags

  • Bullion Update
By Shilpa Reddy , 23 April 2025
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Coal India and DVC Forge Rs 16,500 Crore Pact to Power Jharkhand with Ultra-Supercritical Plant

In a strategic move to diversify its energy portfolio, Coal India Ltd (CIL) has partnered with Damodar Valley Corporation (DVC) to establish a 2x800 MW ultra-supercritical thermal power plant in Jharkhand. The Rs 16,500 crore brownfield project will expand DVC’s existing Chandrapura Thermal Power Station and operate with significantly improved efficiency and reduced emissions. The joint venture, based on equal equity participation, will also explore avenues in green energy development.

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  • Power
By Vinod Pathak , 23 April 2025
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Google Resolves Android TV Antitrust Case in India with Rs 20.24 Cr Settlement Under Landmark Competition Law Reform

In a significant regulatory development, Google has agreed to pay Rs 20.24 crore to settle an antitrust investigation by the Competition Commission of India (CCI) concerning alleged anti-competitive practices in the Android TV ecosystem. This marks the first-ever case resolved under the amended Competition Act of 2023, which introduced settlement and commitment mechanisms.

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  • Technology Sector

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