Business

Highway solutions provider Markolines has reported a 12 per cent year on year rise in consolidated net profit for the quarter ended December 2025, supported by improved project execution and disciplined cost management.Q3 FY26 Net Profit Climbs 12% Year on Year The company posted a consolidated net profit of Rs 6.78 crore in the December 2025 quarter, compared with Rs 6.05 crore in the corresponding quarter of the previous fiscal year.The growth reflects steady operational performance during the third quarter of FY26, as the company continued to focus on execution and billing efficiency across its projects.Nine Month Performance Shows Strong Momentum For the nine months ended December 2025, profit after tax stood at Rs 14.87...

New Delhi, February 17: Deep-tech firm NeuroDx on Tuesday announced the development of Manas-1, a 400-million-parameter artificial intelligence brain language model designed to decode the electrical activity of the human brain.The company said the breakthrough model is aimed at transforming diagnostics in neuroscience by enabling earlier detection of brain disorders and improving treatment accuracy.Manas-1 Positioned to Advance AI-Based Brain Diagnostics According to Siddharth Panwar, founder of NeuroDx.ai, Manas-1 has the potential to significantly enhance the way neurological conditions are identified and managed. By interpreting complex brain signals, the model is designed to assist in early-stage diagnosis and more precise...

CPI Inflation Expected to Edge Up as Food Prices Normalize The Monetary Policy Committee of the Reserve Bank of India is likely to keep policy rates unchanged in fiscal year 2027, even as consumer price index inflation is projected to increase, according to a report released on Tuesday by Crisil Ratings.The report stated that CPI inflation will rise as food inflation normalizes. However, non food inflation is expected to remain moderate, supported by lower crude oil prices and continued benefits from tax cuts on goods and services during the first half of the year.GDP Growth Projected at 6.7 Percent in FY27 Crisil Ratings expects economic growth to remain close to its long term trend. Based on the 2011 to 12 series, the agency...

Diamond Power Infrastructure Q3 FY26 Results: Net Profit Jumps to Rs 49.72 Crore, Revenue Surges Diamond Power Infra Reports Strong Earnings Growth in October to December Quarter New Delhi, February 17: Diamond Power Infrastructure has delivered a sharp rise in profitability for the third quarter of FY26, reporting a substantial increase in net profit and revenue compared to the previous year.The Vadodara based integrated power transmission and distribution solutions provider posted a net profit of Rs 49.72 crore in the October to December quarter of 2025 to 26. This marks a significant jump from Rs 6.27 crore reported in the corresponding period of the previous year.Revenue From Operations Climbs to Rs 474.71 Crore Revenue from...

Strengthening India’s Government Cloud Infrastructure New Delhi, February 17: Amazon Web Services India Pvt Ltd and Yotta Data Services will collaborate to deploy a hybrid cloud infrastructure for the National Informatics Centre’s Meghraj 2.0 initiative, reinforcing the digital backbone of government services across the country.The GI Cloud initiative, branded as MeghRaj, is designed to leverage cloud computing to accelerate the delivery of e services nationwide. Meghraj 2.0 represents the next phase of this effort, focused on enhancing scalability, resilience, and security for citizen facing applications.AWS Outposts to Power Hybrid Cloud Deployment AWS India said it will work with Yotta Data Services to deploy AWS Outposts as part...

AI in Healthcare Must Be Guided by Ethics New Delhi, February 17: Ethics will play a decisive role in determining how effectively artificial intelligence is deployed in the healthcare sector, Minister of State for Science and Technology and Earth Sciences, Jitendra Singh, said on Tuesday.Speaking at a session during the AI Impact Summit, the minister emphasized that the responsible use of AI will be critical to unlocking its full potential in medical applications.“Ethics will be a very important factor in determining how optimally AI can be used in the healthcare sector,” he said, underlining the need for careful integration of advanced technologies in sensitive domains such as health.BharatGen Reflects Government’s Sovereign AI...

BJP MP Flags Risks of AI-Driven Job Losses and Social Disruption at AI Impact Summit New Delhi, February 17: BJP MP and former Foreign Secretary Harsh Vardhan Shringla has called for the creation of a new global governance framework to regulate emerging technologies such as artificial intelligence and the use of critical minerals, warning that existing international institutions are not equipped to address the challenges posed by futuristic technologies.Speaking at the AI Impact Summit in the national capital, Shringla, a member of the Rajya Sabha, said global bodies including the United Nations and the World Trade Organization are not structured to manage the complexities of rapidly advancing technologies.Existing Global...

Drug-Free Handheld Device Aims to Improve Mucus Clearance and Breathing Support New Delhi, February 17: Zydus Lifesciences on Tuesday announced the launch of PEPAIR, an affordable Oscillating Positive Expiratory Pressure OPEP device designed to help patients manage chronic respiratory conditions such as COPD, asthma, and bronchiectasis.The company stated that PEPAIR is India’s first affordable OPEP device and is intended to support effective mucus clearance, reduce congestion, and improve breathing outcomes for patients dealing with chronic lung disorders.Addressing a Growing Respiratory Health Burden in India According to the company, more than 90 lakh patients in India suffer from chronic respiratory conditions. A significant...

India’s domestic passenger vehicle market is set to maintain steady momentum, with volumes projected to grow by 4 to 6 percent in FY27, according to a report released on Tuesday. The outlook signals sustained demand, even as the industry navigates a higher base and elevated inventory levels.Passenger Vehicle Volumes to See Steady Expansion The report projects wholesale passenger vehicle growth of 5 to 7 percent in FY26, supported by improved affordability following GST rate cuts, healthy replacement demand, and a continued preference for personal mobility.However, growth is expected to moderate to 4 to 6 percent in FY27. The moderation comes after a period of elevated expansion in the second half of FY26, driven largely by post GST...

New Delhi, February 17: CleanMax Enviro Energy Solutions has announced that its initial public offering worth Rs 3,100 crore will open for subscription on February 23. The issue will close on February 25, with bidding for anchor investors scheduled for February 20.The company has fixed a price band of Rs 1,000 to Rs 1,053 per share. At the upper end of the price band, CleanMax is valued at Rs 12,325 crore. The company is slated to make its stock market debut on March 2.IPO Structure and Allocation Details The public issue comprises a fresh issue of shares aggregating up to Rs 1,200 crore and an offer for sale amounting to Rs 1,900 crore by promoters and an investor shareholder.The offer for sale includes stake sales by founder...

Jaishankar Highlights Strategic Trade Deals and Economic Security Focus Mumbai, February 17: India is stepping up its global economic engagement from a position of confidence and capability, External Affairs Minister S Jaishankar said on Tuesday, asserting that the country’s reform trajectory remains firmly on track.Addressing the Global Economic Cooperation conference in Mumbai, Jaishankar said the government’s reform momentum, which he described as the "reform express", will continue to move forward. He underlined that India’s growing confidence is reflected in a series of recently concluded trade agreements with key international partners."From a position of strength, India is engaging international partners more intensively...

New Delhi, February 17: IIFL Finance Ltd announced on Tuesday that its public issue of secured, redeemable, non convertible debentures has been fully subscribed within the first half of the opening day, underscoring strong investor demand for the offering.The non banking financial company said the swift subscription reflects investor confidence in its financial position and growth outlook.Strong Early Subscription on Opening Day The public issue opened earlier in the day with an initial base size of ₹500 crore. The company has also included a green shoe option to retain oversubscription up to ₹1,500 crore, taking the total potential issue size to ₹2,000 crore.According to live data available on BSE Ltd, the issue had received...

New Delhi, February 17: When users interact with AI chatbots, generate images, or rely on smart applications, the experience feels seamless and intuitive. Yet behind that polished interface lies a vast, collaborative ecosystem of developers building and maintaining the digital infrastructure that makes modern technology possible.OpenUK CEO Amanda Brock describes software developers as the invisible architects of the AI era. Using a simple analogy, she explains that while people focus on the “toppings” — the flashy AI products and applications — the real strength lies in the “base.” That base is open source: shared code, datasets, tools, and infrastructure that power cloud platforms, mobile apps, cybersecurity systems, and...

Leadership Transition at Sterlite Group New Delhi, February 17: Sterlite Group on Tuesday announced the appointment of Sumil Mathur as its Group Chief Financial Officer, marking a significant leadership addition as the conglomerate sharpens its focus on financial discipline and long term value creation.With close to three decades of experience in financial leadership, Mathur will spearhead the Group’s financial strategy, governance framework, and capital allocation priorities. He will also oversee risk management and drive financial transformation initiatives aimed at supporting sustainable growth across the Group’s diverse business portfolio.Mandate to Strengthen Governance and Capital Framework In his new role, Mathur will be...

Guar Gum Prices Edge Higher in March Contract New Delhi, February 17: Guar gum prices moved higher in futures trading on Tuesday as speculators expanded their positions, tracking firm demand in the physical market.On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery rose by Rs 9, or 0.09 per cent, to settle at Rs 9,965 per quintal. The contract had closed at Rs 9,956 per quintal in the previous session.The uptrend was supported by increased participation in the market, with 59,375 lots traded during the session.Strong Physical Market Trend Supports Futures Market participants attributed the marginal rise in guar gum futures to a firm trend in the spot market. Traders reportedly increased their...

AI Impact Summit Highlights 26 Groundbreaking Studies Transforming Smallholder Farming New Delhi, February 17: Artificial intelligence is no longer a distant promise for agriculture. From smart necklaces tracking cattle health in Kashmir to satellite systems predicting sugarcane sweetness with 95 per cent accuracy, AI is already generating measurable outcomes for millions of smallholder farmers.Speaking at the AI Impact Summit in the national capital, Maharashtra Resident Commissioner R Vimala said the technology is reaching farmers across regions and income groups."AI is not just for the privileged few. It's for every farmer in every corner of the Global South," she said at the launch of a compendium documenting 26 groundbreaking...

Coriander Futures Rise to Rs 10,550 on NCDEX Amid Strong Spot Demand New Delhi, February 17: Coriander prices moved higher in futures trading on Tuesday as increased speculative activity and firm trends in the physical market supported gains.Coriander April Contract Gains on NCDEX On the National Commodity and Derivatives Exchange, coriander contracts for April delivery rose by Rs 14, or 0.13 percent, to Rs 10,550 per quintal. The contract had previously settled at Rs 10,536 per quintal.The upward movement was recorded across 15,480 lots, reflecting heightened participation in the April futures segment.Spot Market Strength and Limited Supplies Support Prices The rally in coriander futures was largely driven by a strong trend in...

New Delhi, February 17: Aluminium prices decline in futures trade on Tuesday as traders cut positions amid subdued domestic demand. However, firm global trends help limit the downside.February, March Aluminium Contracts Slip on MCX On the Multi Commodity Exchange, aluminium for February delivery falls by 75 paise, or 0.24 per cent, to Rs 306.95 per kilogram. The contract records a trading volume of 2,681 lots.The March contract also moves lower, slipping by 35 paise, or 0.11 per cent, to Rs 311.70 per kilogram, with a trading volume of 1,952 lots.Analysts say weak demand from consuming industries weighs on aluminium prices in the domestic market, prompting traders to reduce their exposure.Global Aluminium Prices Rise on LME In...

Jammu, February 17: Jammu and Kashmir has recorded steady growth in Goods and Services Tax collections over the past three financial years, with total GST revenue touching Rs 24,080.79 crore, reflecting improved compliance and an expanding tax base in the Union Territory.The details were shared in the Assembly in response to a written question by National Conference MLA Pirzada Farooq Ahmed. Chief Minister Omar Abdullah outlined the year-wise performance, highlighting consistent growth in GST collections.Year-Wise GST Collections in Jammu and Kashmir According to the data presented, GST collections in Jammu and Kashmir have shown a steady upward trend:2022–23: Rs 7,272.15 crore 2023–24: Rs 8,128.44 crore 2024–25: Rs 8,680.20...

February and March Contracts Decline in Futures Trade New Delhi, February 17: Crude oil prices declined by nearly 1 per cent in futures trading on Tuesday, weighed down by weak demand in the physical market and mixed trends in overseas benchmarks.On the Multi Commodity Exchange, crude oil for February delivery fell by Rs 57, or 0.98 per cent, to Rs 5,734 per barrel. The contract recorded a trading turnover of 6,851 lots.The March contract also moved lower, easing by Rs 47, or 0.81 per cent, to Rs 5,752 per barrel, with a trading volume of 10,277 lots.Subdued Physical Demand Impacts Sentiment The decline in domestic crude oil futures was attributed to muted demand from spot markets. Traders remained cautious as mixed global price...