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By Gurminder Mangat , 18 May 2025
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BLS International Delivers Stellar FY25 Performance on Back of Global Travel Boom

BLS International Services Ltd has reported a robust financial performance for the fourth quarter and the full fiscal year ending March 31, 2025, fueled by a resurgence in global travel and a sharp uptick in its visa, consular, and digital services businesses. The company’s consolidated net profit jumped 69.9% year-over-year to Rs. 145.2 crore in Q4, while annual profit surged 65.7% to Rs. 539.6 crore. Total revenue for FY25 reached Rs. 2,193.3 crore, up 30.8% from the previous year.

Tags

  • Business
  • Travel
By Gurminder Mangat , 18 May 2025
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Kalpataru Projects Reports Record Profit & Order Book in FY25, Eyes Sustained Growth

Kalpataru Projects International Ltd. (KPIL) has posted a solid financial performance for the fourth quarter and full fiscal year 2024–25, driven by strong growth in its core engineering, procurement, and construction (EPC) business. The company’s consolidated net profit for Q4 surged over 29% to Rs. 218.17 crore, supported by a significant rise in revenue. For the fiscal year, total income exceeded Rs. 22,000 crore for the first time, while the company closed the year with its highest-ever order book at Rs. 64,495 crore.

Tags

  • Infrastructure
  • Business
By Gurminder Mangat , 18 May 2025
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LIC Embraces Digital Innovation: Premium Payments Now Available via WhatsApp

In a significant move towards digital transformation, Life Insurance Corporation of India (LIC) has introduced a new WhatsApp bot for premium payments, enhancing convenience for its vast customer base. This feature allows policyholders to easily check due premiums and make payments via UPI, net banking, or credit cards, all within the messaging platform. LIC's CEO, Siddhartha Mohanty, highlighted the ease and efficiency the new service brings to customers, reinforcing the company's commitment to modernizing its operations.

Tags

  • Insurance
By Agamveer Singh , 18 May 2025
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Reliance Power Shifts Gear: A Profitable Quarter and Strong Debt Reduction Mark FY25

Reliance Power has reported a consolidated net profit of Rs 126 crore for the January-March quarter of FY25, reversing its previous year’s loss. This financial turnaround is largely attributed to a significant reduction in expenses. While the company’s income saw a slight dip, its effective cost management helped boost its profitability. Additionally, Reliance Power made notable progress in debt reduction, servicing Rs 5,338 crore over the past year. The company’s debt-to-equity ratio also improved, underscoring its growing financial stability.

Tags

  • Power
  • Company Results
By Nimrat , 18 May 2025
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India’s IT Hiring Surges 16% as AI, Cloud, and GCCs Reshape the Talent Landscape

India's information technology sector witnessed a notable 16% year-on-year surge in hiring activity in April, signaling renewed momentum after a period of volatility. This growth is driven by aggressive adoption of artificial intelligence, the modernization of cloud infrastructure, and the continued expansion of Global Capability Centers (GCCs). A new report by job platform foundit highlights that skill-based hiring now dominates the recruitment narrative, with practical expertise outweighing formal qualifications.

Tags

  • IT
  • Technology Sector
By Gurminder Mangat , 18 May 2025
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Motherson Sumi Wiring India Faces Margin Pressures Despite Revenue Growth in FY25

Motherson Sumi Wiring India Ltd (MSWIL), a key supplier to the automotive sector, reported a 13.85% decline in net profit for the March quarter of FY25, with earnings dropping to Rs. 164.93 crore despite a robust rise in revenue. Higher raw material costs and overall operational expenses weighed heavily on profitability. For the full fiscal year, the company's profit fell to Rs. 605.86 crore, even as revenues crossed Rs. 9,320 crore.

Tags

  • Automobiles
By Kirti Srinivasan , 18 May 2025
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Redefining Corporate Leadership: Suresh Narayanan Urges India Inc. to Embrace Ethics, Empathy, and Purpose

In an era marked by volatility and growing complexity, Suresh Narayanan, Chairman of Nestlé India, has issued a clarion call for a cultural shift in corporate leadership. Speaking at the second edition of the HR and L&D Conclave, Narayanan emphasized that Indian corporations must cultivate leaders grounded in empathy, ethics, and long-term vision rather than short-term performance metrics.

Tags

  • Business
By Nimrat , 18 May 2025
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Belrise Industries Sets Stage for Rs. 2,150 Crore IPO Amid Expansion and Debt Reduction Drive

Belrise Industries, a prominent Indian automotive components manufacturer, has announced a Rs. 2,150 crore Initial Public Offering (IPO), aiming to reduce its debt burden and strengthen its financial position. The issue, priced between Rs. 85 and Rs. 90 per equity share, will be open to public subscription from May 21 to May 23, with anchor investor bidding commencing on May 20. Unlike many IPOs in recent months, this offering comprises solely a fresh issue of shares, underscoring the company’s intent to raise new capital rather than facilitate promoter exits.

Tags

  • IPO Watch
  • Automobiles
By Kirti Srinivasan , 18 May 2025
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Dharma Productions Sets Stage for 'Dostana 2' Theatrical Release with Vikrant Massey Leading the Sequel

Dharma Productions is set to reinvigorate its beloved franchise with Dostana 2, scheduled for theatrical release in late 2026. Nearly two decades after the original’s immense success, the sequel promises a fresh yet respectful continuation, starring Vikrant Massey and Lakshya alongside a yet-to-be-revealed debutante actress. The production house has finalized a progressive script balancing nostalgia with contemporary sensibilities and is actively searching for a director to bring the project to life.

Tags

  • Entertainment
  • Indian Celebrities
  • Bollywood
By Nimrat , 18 May 2025
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SBI to Offload Major Stake in Yes Bank to Japan’s SMBC in Rs. 8,889 Crore Deal

In a strategic move signaling a reshaping of its investment priorities, the State Bank of India (SBI) has announced the sale of a 13.19% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for a total consideration of Rs. 8,888.97 crore. The divestment involves over 413 crore shares, priced at Rs. 21.50 apiece, and is contingent on statutory approvals. This marks a significant shift for SBI, which currently holds a 24% equity stake in Yes Bank.

Tags

  • Banking

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