VIP Clothing’s Q1 net profit falls over 8.2 pc to Rs 2.22 crore

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Mumbai, Aug 6 (IANS) VIP Clothing Limited on Wednesday reported a drop in net profit for the first quarter (Q1) of FY26, with earnings falling 8.26 per cent quarter-on-quarter (QoQ) to Rs 2.22 crore compared to Rs 2.42 crore in the previous quarter (Q4 FY25). This decline came despite stable revenue, as the company’s revenue from operations rose slightly by 0.83 per cent to Rs 65.44 crore from Rs 64.9 crore in Q4 FY25, according to its stock exchange filing.Total income in the quarter stood at…

PM Modi's 'Vocal for Local' appeal impress businessmen in Surat, aiming to make India third largest economy

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Surat, Aug 6 (IANS) As Prime Minister Narendra Modi urged the nation to adopt the ‘Vocal for Local’ initiative, two thousand businessmen doing business in different sectors in Gujarat’s Surat gathered on Wednesday under the ‘Progressive Alliance’, aimed at making India the world’s third-largest economy. The event comes amid US President Trump’s tariff threat. However, PM Modi has said that citizens also have certain responsibilities, and urged everyone to take a pledge for Swadeshi.He de…

7,200 complaints filed over fake goods sold by e-commerce firms in January-June

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New Delhi, Aug 6 (IANS) As many as 7, 221 grievances related to the sale of spurious, fake and duplicate products in the e-commerce sector have been registered in the 6-month period from Jan to June this year on the National Consumer Helpline, up from 4,997 such complaints registered during the entire year in 2024, the Parliament was informed on Wednesday.During FY 2024-25, the Bureau of Indian Standards (BIS) has carried out a total of 22 search and seizure operations at warehouses associated w…

Gujarat govt, NTPC explore opportunities for collaboration in green and renewable energy projects

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Gandhinagar, Aug 6 (IANS) Gujarat Chief Minister Bhupendra Patel met with Gurdeep Singh, Chairman and Managing Director of National Thermal Power Corporation (NTPC), in Gandhinagar on Wednesday and explored opportunities for collaboration in green and renewable energy projects.The discussions centred on expanding collaboration between the state and NTPC in mutually beneficial projects, particularly in the fields of renewable energy, green hydrogen, nuclear power, and pumped storage solutions.Ref…

Closed coal mines repurposed into ecoparks, tourism sites: Centre

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New Delhi, Aug 6 (IANS) Closed coal mines have been repurposed into eco-parks, mine tourism sites, recreational parks and other community-oriented facilities, the government said on Wednesday.Bishrampur (Kenapara) and Ananya Vatika in South Eastern Coalfields Limited (SECL), Saoner Eco Park in Western Coalfields Limited (WCL), Kayakalp Vatika and Pisciculture at Kerketta Mine Void in Central Coalfields Limited (CCL) are some of the notable examples, Union Minister of Coal and Mines, G. Kishan Re…

Gujarat's handloom sector records Rs 290 crore in sales for 2024–25: Govt

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Gandhinagar, Aug 6 (IANS) Gujarat’s handloom sector is weaving a strong comeback with over Rs 290 crore worth of handloom products sold in 2024–25 by more than 246 handloom cooperative societies across the state, government officials said on Wednesday. Backed by the Gujarat government’s pro-weaver policies and strategic support under its ‘Package Scheme’, this growth highlights the revival of traditional textile arts and a push for economic empowerment through craftsmanship.As part of the sche…

AC maker Blue Star’s Q1 net profit falls 37.7 pc sequentially, revenue slips 25.8 pc

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Mumbai, Aug 6 (IANS) Air conditioner (AC) manufacturer Blue Star on Wednesday reported a sharp drop in its earnings for the first quarter (Q1) of FY26, with net profit falling 37.7 per cent quarter-on-quarter (QoQ) to Rs 120.82 crore from Rs 194 crore in the previous quarter (Q4 FY25). Revenue from operations also slipped 25.8 per cent on sequential basis to Rs 2,982.25 crore, down from Rs 4,018.96 crore in Q4 FY25, according to its stock exchange filing.The company attributed the decline to uns…

Indian stock market ends a tad lower after RBI keeps repo rate unchanged

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Mumbai, Aug 6 (IANS) The Indian stock market ended slightly lower after witnessing volatile trading on Wednesday, as investors showed mixed reaction to the Reserve Bank of India’s (RBI) decision to keep the repo rate unchanged at 5.5 per cent.Sensex settled at 80,543.99, down 166.26 points or 0.21 per cent. The 30-share index opened in negative territory at 80,694.98 against last session’s closing of 80,710.25 ahead of the RBI’s decision on rate cut in the morning. The index hit an intra-day low…

COAI urges Centre to persistently bind OTT communication apps to SIM cards

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New Delhi, Aug 6 (IANS) Telecom industry body Cellular Operators Association of India (COAI) on Wednesday urged the government to bind OTT communication apps with the verified mobile SIM card of the users at all times.Currently, a subscriber’s app-based communication services such as WhatsApp are connected to their mobile SIM card only during installation and verification, after which the app works independently on the device even if the SIM card is removed or deactivated, COAI said.The industry…

No plans to curb weekly F&O expiries: SEBI Chairman

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Mumbai, Aug 6 (IANS) SEBI Chairman Tuhin Kanta Pandey on Wednesday termed media reports about curbing weekly expiries as “speculative”.”I am not aware of any such communication. Media reports are speculative, what we have been saying is out in the open,” the SEBI Chairman said.He added that reforms are needed, but the nature of those reforms is determined through a process.Following his statement, BSE shares entered the green zone after declining during the morning hours. BSE shares were trading…