Pharma firm Hikal Limited swings into loss of Rs 22.4 crore in Q1

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Mumbai, Aug 7 (IANS) Life sciences company Hikal Limited on Thursday reported a net loss of Rs 22.4 crore for the quarter ended June 30 (Q1 FY26) — marking a sharp reversal from a net profit of Rs 5.1 crore in the same period previous year (Q1 FY25).The Mumbai-based company’s revenue from operations dropped by 6.5 per cent to Rs 380.4 crore, down from Rs 406.8 crore in Q1 FY25, according to its stock exchange.On a sequential basis, revenue also fell from Rs 552.4 crore reported in the previou…

India’s electronics exports surge 47 pc in Q1, set to reach $46-50 billion in FY26

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New Delhi, Aug 7 (IANS) India’s electronics exports witnessed a sharp rise in the first quarter of FY26, with a 47 per cent year-on-year growth led by a strong performance in mobile phone exports, industry data showed on Thursday.According to data compiled by the India Cellular and Electronics Association (ICEA), electronics exports reached $12.4 billion in Q1 FY26, up from $8.43 billion in the same period last year.With this momentum, the industry body projects that electronics exports are ex…

Air India crash probe ongoing, DGCA conducted 146 audits of major airlines this year: Minister

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New Delhi, Aug 7 (IANS) The investigation into the fatal Air India crash on June 12 in Ahmedabad is ongoing, and the Aircraft Accident Investigation Bureau (AAIB) will examine all the aspects to determine the probable causes and contributory factors leading to the flight AI 171 accident, the Parliament was informed on Thursday.The AAIB has published a preliminary report based on the available factual information, and it does not contain any conclusion.”The sole objective of the investigation of …

Cost of home-cooked thali dips 14 per cent in July

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New Delhi, Aug 7 (IANS) The cost of home-cooked vegetarian and non-vegetarian thalis declined 14 per cent and 13 per cent, respectively, in July this year compared to the same month of the previous year, amid benign commodity prices, according to Crisil’s monthly indicator of food plate cost.The decline in vegetarian thali cost year-on-year was led by a sharp drop in the prices of vegetables — primarily tomato, onion, and potato (TOP) — on a high base: − Tomato prices fell 36 per cent on-y…

Data, traffic accumulated by Musk's Starlink will be stored in India: Minister

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New Delhi, Aug 7 (IANS) The data, traffic and other details accumulated by Elon Musk’s Starlink will be stored in India, and the domestic user traffic is not to be mirrored to any system/server located abroad, the Parliament was informed on Thursday.The Department of Telecommunications (DoT) has granted a Unified License (UL) to Starlink Satellite Communications Private Limited after agreeing to the stipulated terms and conditions of the UL, including security conditions.The satellite company is…

Indian gifting startups raise funds worth $116 million in 10 years

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New Delhi, Aug 7 (IANS) India’s gifting startups raised $115.9 million in the last decade, showing steady but modest growth, a report said on Thursday.Gifting startups globally raised $1.7 billion from 2015 to date. Funding activity in gifting business for 2025 remains muted worldwide and in India, the report from data intelligence firm Tracxn Technologies said.In 2025, Indigifts was the sole Indian firm to secure funding, and raised $57,600 in an angel round. Indian gifting firms raised $1.3 …

realme P Series: A legacy built one generation at a time

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New Delhi, Aug 7 (IANS) In a market where consumers are seeking real value, it is no longer enough for smartphone brands to launch devices with lengthy spec sheets and heavier marketing gimmicks.What makes a difference today is a deep understanding of user priorities and the ability to design products that genuinely enhance how people live and engage with technology.This is especially true in online shopping, where young buyers in India often face tough choices. They want style, performance, and…

Prism Johnson's profit drops 93 per cent sequentially to over Rs 8 crore in Q1

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New Delhi, Aug 7 (IANS) Integrated building materials company Prism Johnson Ltd reported a net profit of Rs 8.33 crore in Q1 FY26, down 93 per cent sequentially, according to its exchange filing on Thursday.The company had posted a net profit of Rs 133.02 crore in the preceding quarter (Q4 FY25), while in the same quarter a year ago (Q1 FY25), the firm had posted a loss of Rs 47 lakh.Revenue for Q1 FY26 stood at Rs 1,781.13 crore — down from Rs 1,951.82 crore in the previous quarter, showing a …

Confusion clouds US-Japan tariff deal as 15 per cent duty comes into effect

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Tokyo, Aug 7 (IANS) A fresh round of US tariffs under President Donald Trump’s administration took effect on Thursday, but differences have emerged between Washington and Tokyo over the interpretation of their bilateral trade agreement, particularly regarding the treatment of Japanese imports, the Japanese media reported. While Japanese officials maintain that the two sides have reached a shared understanding on the new tariff structure, a senior White House official has stated otherwise. Spea…

India’s power generation capacity likely to jump to 870 GW in 2031-32: Minister

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New Delhi, Aug 7 (IANS) India’s installed electricity generation capacity is 485 GW as of June 2025, and the government plans to increase it to about 870 GW in 2031-32 to meet the growing demand for power in the country, the Parliament was informed on Thursday.There has been an increase in electricity demand in the country due to rapid economic growth, expanded household electrification, increasing urbanisation, rising living standards, and the growing use of energy-intensive technologies like…