Month: August 2025

Prestige Group acquires 102 acres of land in Q1 to build homes worth ₹20k crore

August 9, 2025 admin

Prestige Khoday Tower. Image used for representative purpose only. | Photo Credit: K. Bhagya Prakash Realty firm Prestige Estates Projects Ltd has acquired 102 acres of land in the April-June quarter to build housing projects, with a potential to generate revenue of more than ₹20,000 crore. Looking to expand its residential real estate business, Bengaluru-based…

Business

NBCC Q1 net profit rises 26% to ₹135 crore

August 9, 2025 admin

NBCC logo. Photo: https://nbccindia.in/index State-owned NBCC (India) Ltd. has reported a 26% increase in its consolidated net profit to ₹135.03 crore for the first quarter of the current fiscal on higher income. Its net profit stood at ₹107.19 crore in the year-ago period. The total income grew to ₹2,465.48 crore during the April-June…

Business

ICICI Bank raises minimum balance requirement for savings accounts

August 9, 2025 admin

Monthly Average Balance is the minimum balance that a customer is required to maintain in the bank account. If the balance in the bank account falls below the required amount, then banks levy a penalty. File | Photo Credit: Reuters ICICI Bank has raised the minimum balance requirement for its new savings bank accounts opened…

Business

Why does an elevator need three electrical phases to operate?

August 9, 2025 admin

Elevators include components such as hydraulic lifting motors, ventilation pumps, and control panels that together demand a balanced power supply. | Photo Credit: Sung Jin Cho/Unsplash Because elevators are critical systems, downtime is expensive and dangerous. To avoid this, elevators need three-phase electrical power to meet its high power demand without compromising their reliability. Elevators…

Science

In search of the elusive and threatened fishing cat

August 9, 2025 admin

A fishing cat among mangroves in the Godavari river at night, 2018. | Photo Credit: Srichakra Pranav (CC BY-SA) In the wild, India has 15 species belonging to the cat family. Much attention has been given to our large cats, the lions and tigers. Not much is known of the smaller wild cats – the…

Science

Apollo 13 moon mission leader James Lovell dies at 97

August 8, 2025 admin

James Lovell, the commander of Apollo 13 who helped turn a failed moon mission into a triumph of on-the-fly can-do engineering, has died. He was 97. Lovell died pn Thursday (August 7, 2025) in Lake Forest, Illinois, NASA said in a statement on Friday. “Jim’s character and steadfast courage helped our nation reach the Moon…

Science

With tariffs, India’s growth rate needs a careful watch

August 8, 2025 admin

The United States imposed 25% reciprocal tariffs on India’s exports with effect from August 7. On August 6, the U.S. imposed a penal levy of an additional 25% on India’s exports because India continued to import oil from Russia and this comes into effect on August 29, 2025. The two taken together can weaken India’s…

Business

Reliance Infrastructure to recover ₹28,483 crore worth of power dues

August 8, 2025 admin

Image used for representative purposes. | Photo Credit: The Hindu BSES Yamuna Power Ltd. and BSES Rajdhani Power Ltd., the two subsidiaries of Reliance Infrastructure, will recover power dues worth ₹28,483 crore following a Supreme Court ruling. As on July 31, 2025, the total dues of BSES Yamuna Power Ltd. and BSES Rajdhani Power…

Business

Government extends PM E-DRIVE Scheme by two years till March 2028

August 8, 2025 admin

Image used for representative purpose only. | Photo Credit: ANIL KUMAR SASTRY The government has extended the validity of the ₹10,900-crore PM E-DRIVE Scheme by two years till March 2028 for certain categories of vehicles including electric buses, e-ambulances and e-trucks. According to a gazette notification on the PM Electric Drive Revolution in Innovative Vehicle…

Business

Supreme Court admits Google appeal against order on Google Play billing case

August 8, 2025 admin

A Bench headed by Justice P.S. Narasimha also admitted appeals filed by the Competition Commission of India and the Alliance Digital India Foundation, and listed the matter for hearing in November. | Photo Credit: Reuters The Supreme Court on Friday (August 8, 2025) admitted an appeal filed by Alphabet, the parent company of online search…

Business