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SpiceJet turns profitable after 10 years; Reports Q3 profit of Rs 26 crore- Details on 3 key drivers

The budget carrier SpiceJet on Tuesday (February 25) announced their results for the quarter ending December 31, 2024 (Q3FY25), the company announced through an exchange filing. SpiceJet has reported a profit after tax (PAT) of Rs 26 crore in Q3FY25, marking a turnaround from a loss of Rs 300 crore in the same period last

CtrlS opens Rs 4k-crore data centre park in Chennai, plans IPO

Hyderabad-based CtrlS Datacenters on Tuesday inaugurated a Rs 4,000-crore data centre park in Chennai, and said it is considering an initial public offering (IPO) to fund its capex and expansion plans. “The AI-driven opportunity is significantly expanding, requiring billions more in capex,” chairman Sridhar Pinnapureddy said. “We are contemplating and the Board has been discussing

FMCG firms ramp up rural play

Fast-moving consumer goods (FMCG) majors such as Godrej Consumer, Britannia and ITC are rolling out stock-ready vans to streamline stock replenishment in rural markets, significantly reducing turnaround times for retailers. Traditionally, FMCG distribution in rural areas follows a two-step process — sales representatives would visit retailers to collect orders and deliveries would follow either later

GIFT IFI aims to meet shortage of skilled talent for fintech

To address the shortage of skilled manpower for financial services and technology companies in GIFT City as well as the country, the GIFT International Fintech Institute (IFI) aims to train not only university students but also professionals looking to upskill themselves. IFI, an initiative to foster fintech education in partnerships with Indian and international institutes

Dedicated green bank may be set up

The government may set up a dedicated national green bank to bridge the finding gap in the renewable energy sector, and fast-track the green transition.     The Niti Aayog is examining the possible structures for a National Green Financing Institution. The model of National Bank for Financing Infrastructure and Development or National Bank for Agriculture and

Group Rhine and XCircle launch JV for modular data centres

Group Rhine, a leading energy solutions provider, and Australian modular infrastructure pioneer XCircle have announced the launch of their 50:50 joint venture, Rhine XCircle. This strategic partnership merges Group Rhine’s expertise in power distribution and smart metering with XCircle’s advanced modular data center technology to create scalable, efficient, and sustainable solutions for the growing digital

Schneider Electric eyes expansion with Rs 3,200-crore India investment

Schneider Electric, a global leader in energy management and automation, is ramping up its operations in India with a Rs 3,200-crore investment. The company plans to set up new manufacturing plants in Kolkata and Hyderabad while expanding capacity at its existing facilities.  ALSO READUK FTA must ease non-tariff barriers on Indian whiskey: Industry Speaking to

Adani Green Energy wins 1,250 MW energy storage capacity from UPPCL

Adani Green Energy (AGEL) on Tuesday said it has received the letter of award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for 1,250 MW energy storage capacity from pumped hydro storage projects (PSP).  The project, Panaura PSP, has a minimum commitment for 40 years. It will be located in the Sonbhadra district, Uttar Pradesh and
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Should you withdraw or reinvest your matured investments?

When an investment matures, you face a crucial decision: withdraw the funds or reinvest them for future growth. The right choice depends on your financial goals, market conditions, and liquidity needs. Reinvesting can help build wealth through compounding, while withdrawing may be ideal for immediate expenses or reallocating to better opportunities. Understanding the pros and

Starlink’s India entry a challenge for telecom Majors? Key factors to watch…

With Bharti Airtel and Reliance Jio announcing their respective agreements with SpaceX, JM Financial said that this tie-up is largely neutral for the two telecom companies and there seems to be no significant risk to growth potential for Indus Towers. Currently, the agreement between the two telcos and SpaceX is limited to distributing Starlink’s satellite

Ola Electric shares slump 6%- 4 key concerns for investors are…

OLA Electric Mobility has been continuously in the eye of the storm. The share price fell below Rs 50 per share on the National Stock Exchange, down 6.2% intra-day. This is after Rosmerta Digital Services initiated insolvency proceedings against OLA Electric Mobility’s wholly-owned subsidiary, Ola Electric Technologies, for non-payment of incurred services. Rosmerta initiates bankruptcy

Wipro plummets 13% in 2025: 4 key factors to watch amidst restructuring of global business

Wipro shares fell 0.9% to an intra-day low of Rs 261.70 after it realigned the global business with clients’ needs. The stock was among the major losers on Nifty and has lost 13% year to date. The restructuring in global business line comes amidst the US recessionary concerns and challenging macroeconomic conditions. Also, the company

Infosys has plunged 16% in 2025: 5 key factors investors need to know ahead of Q4 earnings

Infosys is back in the spotlight as investors keep a close watch on the IT giant following recent developments. From its upcoming quarterly earnings to stock performance trends, here are five key things to know about Infosys shares right now. Infosys: Quarterly earnings on the radar The countdown has begun for Infosys Q4 results. The