INDIA
BEST bus ticket sales witness monthly drop of Rs 11 crore in 2017-18
The dip in ticket sales, estimated to be around 11 percent, is attributed to poor bus frequency and shrinking of fleet by at least 20 percent
BUSINESS
Crompton Greaves Consumer Electrical Q1 profit, EBITDA jump over 29%
Electricals consumer durables segment registered a 14.7 percent growth YoY in revenue at Rs 925 crore with its EBIT rising 27.4 percent to Rs 180 crore in Q1.
BUSINESS
Tata Elxsi hits record high, up 7% after strong operating margin in Q1
Tata Elxsi's Q1 margin increased sharply by 510 basis points year-on-year.
BUSINESS
InterGlobe Aviation, operator of IndiGo, falls 2% on report of aircraft being grounded at Delhi airport
According to CNBC-TV18, the airline said that ‘few’ aircraft have been grounded at Delhi airport. Further, the report added that the carrier is awaiting spare engines from Pratt & Whitney.
WORLD
Online petition to stop Netflix show Insatiable gathers steam
The show has been accused of "fat-shaming", inviting the ire of viewers.
BUSINESS
Capital infusion in 5 PSBs to be credit positive, help meet regulatory requirements: Moody's
Of the Rs 11,337 crore capital infusion plan, Rs 1,790 crore is for Allahabad Bank, Rs 2,019 crore for Andhra Bank, Rs 2,555 crore for Corporation Bank, Rs 2,157 crore for Indian Overseas Bank and Rs 2,816 crore for Punjab National Bank
BUSINESS
Tata Elxsi Q1 profit rises 0.3%, posts strong operational performance
Profit during the quarter increased to Rs 70.5 crore compared to Rs 70.3 crore in the March quarter.
BUSINESS
RIL to set up production house to create original web series, short films for Jio users
The company's aim is to attract more people to Jio's 215-million-strong customer base, particularly in light of the recent launch of its fiber-to-home service Jio GigaFiber
INDIA
Godhra Civil Court attaches a government vehicle due to delay in paying compensation to farmers
Since the department failed to pay the additional compensation amount, an executive petition was moved to lead to attachment of the properties of the department.
POLITICS
Maratha Kranti Morcha protests highlights: Clashes between protesters and police still on; tear gas used in Thane
Tune into this blog to keep track of key developments of the Maratha agitation throughout the day.
INDIA
Controller of Examination gets the boot for printing degrees of flunked students
Degrees of failed students were printed and distributed to colleges which come under Dr.Babasaheb Ambedkar Marathwada University. A committee was set up to probe into the matter further.
POLITICS
Delivery of VVPATs way behind schedule, dims chances of early Lok Sabha elections
With 3 months to go for the deadline, the poll panel has received only 3.48 lakh units, of the total order of 16.15 lakh VVPAT machies, as of June 19 this year
BUSINESS
Hindalco stock gains 3% on report of likely acquisition of Aleris this week
Sources told channel that Hindalco is expected to buy 100 percent stake in Aleris, giving exit to investors like Oaktree Capital and Apollo Global.
INDIA
Piyush Goyal lauds RPF constable trying to save a woman from falling under the train
In a tweet posted on Tuesday which included a CCTV grab of the incident, the constable can be seen trying to pull the woman towards safety as a local train departs
BUSINESS
Domino’s operator, Jubilant FoodWorks, posts strong rise in Q1 profit to Rs 74.7 cr; SSSG growth at 25.9%
On an operating level, the earnings before interest, taxes, depreciation and amortisation grew 78.5 percent at Rs 142 crore against Rs 79.6 crore year on year.
BUSINESS
Welspun Enterprises doubled Q1 profit at Rs 22.8cr
The operating profit or EBITDA at Rs 30.4 crore and margin was up 200 bps at 8.6 percent.
BUSINESS
Welspun Enterprises rises 5% as Q1 net profit jumps 99% at Rs 22.8cr
Revenue rose 70.3 percent at Rs 355.1 crore versus Rs 208.5 crore.
BUSINESS
Pune tops office transactions growth in India at 118%; NCR sees resurgence in residential launches: Knight Frank report
Knight Frank India today launched the ninth edition of its half-yearly report - India Real Estate.
INDIA
Jute ID cards issued instead of plastic ones at IDSFFK 2018
The International Documentary and Short Film Festival of Kerala (IDSFFK) in its 11th edition this year has banned the use of plastics and is issuing jute ID cards.
POLITICS
Bihar’s former education minister demands a ‘Happiness Department' in the state
The former education minister of Bihar and RJD MLC (Rashtriya Janata Dal – Member of Legislative Council) Ram Chandra Purbey has raised a demand for a Happiness Department in Bihar on Monday.
BUSINESS
Dr Reddy's Q1 preview: Profit to grow four-fold on favourable base of domestic formulation
The company will also benefit with sales of US complex generic portfolio holding out despite pricing pressure and lack of major approvals.
BUSINESS
ITC Preview: Q1 net profit seen rising 9% YoY, cigarette volumes down
The rise in the company's bottom line is expected to be driven by growth in the its non-cigarette businesses on the back of a favourable base
INDIA
Rozgar Melas: 'Failed' attempt by Punjab government to attract unemployed youth
On June 8, the event ended up with only one candidate showing up against 5,000 job offers.
INDIA
SCERT proposes QR codes for science video content of classes XI, X
SCERT had earlier decided to use QR codes for videos for science activities of classes III to V, and environment science books of classes VI to VIII.
