Jinkushal’s net profit dips as expenses rise, show IPO papers

IANS | May 5, 2025 4:59 PM

New Delhi, May 5 (IANS) Chhattisgarh-based exporter of construction machinery, Jinkushal Industries Limited (JKIPL), has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

Govt moving ahead with IDBI Bank disinvestment plan in current fiscal

IANS | May 5, 2025 3:13 PM

New Delhi, May 5 (IANS) The government’s disinvestment plan for IDBI Bank, as part of the broader strategy to monetise assets through stake sales during the current financial year, is progressing in accordance with the normal schedule, the Department of Investment and Public Asset Management Secretary Arunish Chawla has said.

Solar PV component market in India to exceed $7 billion by 2029: Report

IANS | May 5, 2025 2:08 PM

New Delhi, May 5 (IANS) India’s solar photovoltaic (PV) balance of system (BoS) market is on a robust growth trajectory and is projected to grow from approximately $3 billion in 2024 to around $7 billion by 2029, registering a compound annual growth rate (CAGR) of 16 per cent, a report showed on Monday.

India’s mineral production surges to all-time high in 2024-25

IANS | May 5, 2025 1:51 PM

New Delhi, May 5 (IANS) The production of key minerals such as iron ore, manganese ore, bauxite and lead in the country have recorded a robust growth in financial year 2024-25 after reaching record production levels in FY 2023-24, according to a statement issued by the Ministry of Mines on Monday.

Iyer to represent India on IMF Board at key meet on Pakistan loan

IANS | May 5, 2025 1:12 PM

New Delhi, May 5 (IANS) The Government has asked Parameswaran Iyer, Executive Director at the World Bank, to temporarily take up the additional responsibility as India's nominee director on the IMF Board, ahead of the crucial meeting on May 9 to consider Pakistan’s case for a loan from the multilateral institution, according to reliable sources.