Bengaluru: United Spirits, the maker of McDowell’s No.1, Royal Challenge and Smirnoff, reported an 11% rise in net profit to Rs 463 crore for the June quarter. Higher earnings from its Royal Challengers Bengaluru (RCB) sports business offset weaker profitability in its core liquor operations.Revenue from operations rose 5% year-on-year to Rs 6,122 crore.In the…
Sudarshan Venu, chairman of TVS Motor Company Chennai: Home Credit India Finance, a subsidiary of TVS Holdings Ltd, has agreed to acquire a 100% stake in Varthana Finance Private through an all-cash transaction valued at Rs 967 crore.The company signed a share purchase agreement on July 15. The transaction is subject to approvals from various…
Thiruvananthapuram: Adani Ports and SEZ (APSEZ) CEO Ashwani Gupta has said that Adani Ports will continue to control the Vizhinjam port after the share transfer involving MSC Group is completed. Adani Group will retain the majority stake, he said in a statement.MSC Group’s subsidiary, Terminal Investment Ltd (TiL), has entered into a definitive agreement with…
Margao: The South Goa Planning and Development Authority’s (SGPDA) new wholesale fish market at Margao will be outsourced to a private contractor for its maintenance and operations, said PWD minister Digambar Kamat on Thursday following a joint inspection by the authorities concerned.The redeveloped market, built by the Goa State Infrastructure Development Corporation (GSIDC) for the…
Hyd student develops AI model for early lung cancer detection Hyderabad: A class XII student from Hyderabad, Ansh Kumar, has developed an artificial intelligence (AI)-assisted model for the early detection of lung cancer.Titled ‘DNA Methylation Biomarkers for Lung Cancer Detection: An AI-Driven Approach Using EGFR, PD-L1, SHOX2, RASSF1A and PTGER4’, the study analysed more than…
Investigators are reviewing financial records and digital evidence during a probe into suspected Ponzi scam investment firms in Belagavi, highlighting heightened scrutiny of fraud, compliance, and investor protection. Belagavi: In the wake of recent raids on Shivam Associates and Adityaraj Capital, the district administration has intensified its crackdown on fraudulent deposit schemes, with three more…
Petrol prices in Ahmedabad have risen by Rs 3.02 per litre, from Rs 94.49 to Rs 97.51, while diesel prices have gone up by Rs 3.09 per litre, from Rs 90.17 to Rs 93.26 Ahmedabad: The sharp increase in fuel prices effective May 15, coupled with supply disruptions in parts of Gujarat, has triggered concerns…
