The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, outlines strategic initiatives aimed at driving economic growth and innovation. Key areas of focus include digital infrastructure, MSME support, and workforce development, which are poised to significantly impact the IT, advertising, and marketing sectors. The budget allocates substantial funds to digital infrastructure, which is expected to benefit the IT sector by enhancing internet access, data centers, and cybersecurity measures. This investment supports the broader digital economy and encourages technological advancements. Sectoral Innovation and Efficiency Stable tax policies provide a predictable environment, allowing IT firms to invest in long-term projects and R&D. The emphasis…
Author: Khushboo Tilwani
Revenue increases 55.99% YoY to ₹1,753.09 Mn Recommended final dividend of 1.5% per share of Rs.10/- each for FY24 Mumbai (Maharashtra) [India] July 31 : Balu Forge Industries Ltd. (BFIL), a leading precision engineering and manufacturing company, approved its Audited Consolidated Financial Results for the quarter ended 30st June 2024, in the meeting of its Board of Directors held on 30th July 2024. Amount in Mn Particulars (in Mn)Q1FY25Q1FY24% IncreaseRevenue1,753.091,123.8555.99%PAT (Profit After Tax)341.67166.70104.96%EBITDA (Earnings before Interest, Tax, Depreciation, and Amortisation)432.04218.9797.31%Total Comprehensive Income341.22166.73104.64% Consolidated Financial Highlights for the Q1 FY25: BFIL registered a robust revenue growth of 55.99% and revenue from operations stood at ₹1,753.09 Mn…
Mumbai (Maharashtra) (India) July 31 : India announced its new budget for 2024 on Tuesday, 23rd July. The new budget featured policies aimed across various sectors to offer growth, sustainability, and digital advancement. However, as an NRI, the greatest highlight of this budget has been the policies regarding angel tax for startups. The focus on digital infrastructure stands out as a significant boost for India’s digital sector. With the commitment to expand broadband and 5G networks, this budget will accelerate the growth of digital businesses and startups. The added emphasis on tax reforms and incentives for investment is another positive…
Surat (Gujarat) [India] July 31 : DRC India, a leader in lab-grown diamond detection technology, is proud to announce the launch of its latest campaign, “Scan Karega India.” This initiative aims to protect consumers and the diamond industry from the inadvertent purchase of lab-grown diamonds sold as natural ones. About ‘Scan Karega India’ “Scan Karega India” is a nationwide initiative by DRC India designed to educate and empower consumers about the importance of verifying the authenticity of diamonds. “With the rise of lab-grown diamonds, distinguishing between natural and lab-grown diamonds has become increasingly challenging. This campaign seeks to highlight the…
Meerut (Uttar Pradesh) [India] July 31 : His Excellency, the Governor of Kerala, Arif Mohammad Khan, recognized the outstanding contributions of renowned social worker and founder of the Ved Shastra and Research Foundation, Dr. Vaidehi Taman. Impressed by her remarkable work and her published book, Governor Khan honored Dr. Taman with the “Bharat Vibhuti Samman” during a special ceremony where she was a distinguished guest. Program coordinator Dr. Yatindra Kataria commended Dr. Taman’s contributions, highlighting her impressive achievements and exemplary personality. The ceremony also saw Governor Khan honor scholars and educators from various regions across India, including Jammu and Kashmir,…
Revenue increases 55.99% YoY to ₹1,753.09 Mn Recommended final dividend of 1.5% per share of Rs.10/- each for FY24 Mumbai (Maharashtra) [India] July 31 : Balu Forge Industries Ltd. (BFIL), a leading precision engineering and manufacturing company, approved its Audited Consolidated Financial Results for the quarter ended 30st June 2024, in the meeting of its Board of Directors held on 30th July 2024. Amount in Mn Particulars (in Mn)Q1FY25Q1FY24% IncreaseRevenue1,753.091,123.8555.99%PAT (Profit After Tax)341.67166.70104.96%EBITDA (Earnings before Interest, Tax, Depreciation, and Amortisation)432.04218.9797.31%Total Comprehensive Income341.22166.73104.64% Consolidated Financial Highlights for the Q1 FY25: BFIL registered a robust revenue growth of 55.99% and revenue from operations stood at ₹1,753.09 Mn…
Mumbai (Maharashtra) [India] July 30 : Artist Booking Company, a premier talent management agency, is making waves in the entertainment industry by providing a one-stop solution for artists and event organisers alike. Established with a vision to bridge the gap between talented individuals and opportunities, the company is setting new standards in the field of talent management. About Artist Booking Company Artist Booking Company is a premier talent management agency based in Mumbai, India. Founded with the goal of bridging the gap between artists and opportunities, the company offers a comprehensive range of services, including talent management, event planning, booking…
New Delhi (India) July 30 : India’s startup ecosystem is rapidly growing and has long needed a catalyst to democratise entrepreneurship across the nation’s diverse landscape. The concentration of opportunities in major metropolitan areas has left a wealth of talent and innovation untapped in smaller cities and towns. Mr. Gaurav Singhvi, a serial investor and entrepreneur, has been investing in India’s evolving startup domain. With his extensive experience in investing and nurturing startups, Mr. Singhvi brings a fresh perspective. His focus on empowering entrepreneurs from tier 2, 3, and 4 cities aligns perfectly with India’s need for a more inclusive startup…
Dehradun (Uttarakhand) [India] July 30 : The National Championship of Roll Ball (Sub) Junior signified a momentous occasion in the sport’s history. Even though it rained on April 27, 2024, the event demonstrated how popular roll ball is becoming in India. For the first time in the history of Roll Ball, the Uttarakhand Roll Ball Association (URBA) hosted a record-breaking 28 state and UT teams, bringing together nearly 600 participants, including players, support staff, and officials. This large-scale event demonstrated how the sport is expanding its reach across the country. Uttarakhand Chief Minister Shri Pushkar Singh Dhami’s surprise visit gave the championship event…
Hyderabad (Telangana) [India], July 30 : Ali Haq, the dynamic Director of Sanali Group, has been honored with the “MOST ENTERPRISING DIRECTOR OF THE YEAR” award by the prestigious Realty Awards for 2024. This accolade not only recognizes his visionary leadership but also highlights the remarkable achievements of Sanali Group, a company with a rich legacy founded by his father, Mohammad Noor ul Haq. Legacy and Vision Sanali Group was established by Mohammad Noor ul Haq, a visionary entrepreneur who laid the foundation for what has become one of the leading real estate firms in the region. Under his guidance, the company flourished, earning a reputation for excellence, integrity, and innovation in the…
