Saturday, June 20

Business

Tejas Networks Shares Plunge 12% as Q4 Revenue Collapses 88%
Business

Tejas Networks Shares Plunge 12% as Q4 Revenue Collapses 88%

Shares of Tejas Networks, a Tata Group-owned telecom equipment company, fell sharply today, hitting a 52-week low amid disappointing quarterly results. On the BSE, the stock dropped over 12%, opening at ₹395.70 and trading at ₹369.30 by 11:25 AM. The previous session had closed at ₹416.70. The company reported a massive revenue decline in the October–December 2025 quarter, posting ₹307 crore, down 88% from ₹2,642 crore in Q4 FY24. This revenue shortfall contributed to a loss of ₹196.55 crore, marking the second consecutive quarterly loss for the company. In comparison, Tejas Networks had earned a profit of ₹165.67 crore in the same quarter last year. Reasons Behind the Sharp DeclineThe steep fall in revenue is partly attributed to delayed purchase orders from BSNL, one of its key cli...
Drug Sales for Respiratory Illnesses Hit ₹1,950 Crore in December 2025; Record Growth Driven by Pollution
Business

Drug Sales for Respiratory Illnesses Hit ₹1,950 Crore in December 2025; Record Growth Driven by Pollution

The sale of medications for respiratory illnesses in India reached record levels in December 2025, signaling the growing impact of air pollution on public health. According to a report by Pharmarack, sales of drugs for conditions like allergies and asthma crossed ₹1,950 crore in December—the highest monthly figure ever recorded. This represents a 10% increase over December 2024 and an 18% rise compared to December 2023, highlighting the growing prevalence of respiratory ailments in urban India. The overall pharmaceutical market in India is valued at ₹2.4 lakh crore annually. Quarterly Trends Show Rising Pollution ImpactBetween October and December, traditionally the peak pollution period, sales of respiratory medications surged by 14% over the same quarter in 2024 and 8% over 2023, t...
Gold and Silver Prices Surge on 12 January 2026: Silver Hits Record ₹2.64 Lakh per Kg, Gold Also Climbs
Business

Gold and Silver Prices Surge on 12 January 2026: Silver Hits Record ₹2.64 Lakh per Kg, Gold Also Climbs

Gold and silver continued their upward momentum on Monday, with both metals hitting record highs early in the day amid rising geopolitical tensions and economic uncertainty. Silver Hits All-Time HighOn the Multi Commodity Exchange (MCX), March silver futures surged to ₹2,63,996 per kilogram, marking an increase of ₹10,314 (over 4%)—an all-time high for the precious metal. Gold Prices Also RallyGold saw strong gains as well. February gold futures rose to ₹1,41,250 per 10 grams, up from the opening price of ₹1,39,600, reflecting a ₹1,650 (1.4%) increase. The surge is attributed to heightened demand for safe-haven assets amid geopolitical risks, economic instability, unrest in Iran, and growing global trade tensions. International Markets Also Reach Record LevelsGlobally, gold surpas...
One Gram of Californium Can Buy You 200 Kilograms of Gold
Business

One Gram of Californium Can Buy You 200 Kilograms of Gold

Gold is often considered the most valuable metal in the world. However, there is a metal far rarer and more expensive than gold: Californium. In fact, one gram of Californium is worth enough to buy 200 kilograms of gold. What is Californium?Californium is an artificial, radioactive chemical element created in laboratories. It does not occur naturally, which makes it extremely rare and expensive. The element was first synthesized in 1950 by researchers at the University of California, Berkeley, after which it was named Californium (symbol: Cf). Why is it so expensive?The extraordinarily high price of Californium is due to: Its artificial production, which involves complex processes in nuclear reactors. Its extreme rarity and limited global supply. The technical challenges an...
Ambani and Adani Commit Trillions to Gujarat, Eye Green Energy, Manufacturing, and Infrastructure
Business

Ambani and Adani Commit Trillions to Gujarat, Eye Green Energy, Manufacturing, and Infrastructure

India’s industrial giants Mukesh Ambani and Gautam Adani have announced massive investments in Gujarat over the next few years, focusing on energy, manufacturing, technology, and infrastructure. The announcements were made at the Vibrant Gujarat Regional Conference for Saurashtra-Kutch held in Gandhinagar on Sunday, underlining Gujarat’s emergence as a major hub for green energy and industrial development. Ambani’s ₹7 Lakh Crore InvestmentReliance Industries Chairman Mukesh Ambani revealed that his company plans to invest ₹7 lakh crore in Gujarat over the next five years, doubling the investment made in the past five years. Ambani emphasized that this investment will create large-scale employment opportunities. Among the five key announcements made by Ambani: World’s Largest Inte...
China Blocks Key Technology, Reliance’s Lithium-Ion Battery Project in India Put on Hold
Business

China Blocks Key Technology, Reliance’s Lithium-Ion Battery Project in India Put on Hold

Reliance Industries, India’s most valuable company, has temporarily halted its plan to manufacture lithium-ion battery cells in India, according to a Bloomberg report. The pause comes after the company was unable to secure crucial technology from China. Tech Partnership Falls ThroughReliance had planned to begin battery cell production this year in partnership with Xiamen Hithium Energy Storage Technology Co., China, under a licensing agreement. However, negotiations broke down after the Chinese company withdrew from the deal. While Reliance has already imported machinery for battery energy storage container assembly and cell production, the absence of Chinese technology has stalled the actual manufacturing of cells. China has recently imposed restrictions on exporting key clean ener...
Beverage Industry Ramps Up Imports from Sri Lanka and UAE Ahead of Holi Amid Aluminium Can Shortage
Business

Beverage Industry Ramps Up Imports from Sri Lanka and UAE Ahead of Holi Amid Aluminium Can Shortage

As North India battles the winter chill, India’s soft drink and beer industry is already preparing for the upcoming summer and the Holi festival in March. With demand for aerated drinks and alcoholic beverages set to rise, manufacturers are rushing to secure aluminium cans, which have become scarce domestically. Second Consecutive Year of Can ShortageIndia’s domestic production capacity for beverage cans is limited, making imports a necessity. Last year, restrictions on can imports created a shortage, affecting the packaging of soft drinks and beer. With Holi just one and a half to two months away, beverage companies have doubled their imports from Sri Lanka and the UAE to ensure adequate supply. Why the Shortage?Vinod Giri, Director General of the Brewers Association of India (BAI),...
States’ Revenues Declining Despite Rising GDP, Pre-Budget Meeting Sees Major Demands from States
Business

States’ Revenues Declining Despite Rising GDP, Pre-Budget Meeting Sees Major Demands from States

With Finance Minister Nirmala Sitharaman set to present the Union Budget on February 1, state governments have raised significant demands from the Centre, citing declining revenues despite robust GDP growth. Rising GDP, Falling State RevenuesIndia’s economy is projected to grow at 7.4% in the current fiscal year, following two consecutive quarters of impressive GDP growth. However, state governments claim that their revenues are not keeping pace with the country’s overall economic expansion. States receive 41% of the Centre’s tax revenue, but they do not get a share of cesses and surcharges. In a pre-budget meeting with the Finance Minister, several states—including those ruled by opposition parties—urged special assistance to address the gap in their revenues. Impact of GST Rate ...
Success Story: From ₹100 a Day to a Multi-Crore Empire – How a Son Turned His Father’s Struggle into Success
Business

Success Story: From ₹100 a Day to a Multi-Crore Empire – How a Son Turned His Father’s Struggle into Success

M. Raja Shekar from Hyderabad, along with his friend K. Vamsi Prasad, co-founded the startup College Mentor—a platform designed to provide students with the right guidance at every stage of their education. Within a short span, the startup has achieved an annual revenue of ₹5 crore and employs over 250 people. Overcoming Challenges to Guide StudentsChoosing the right career has become one of the biggest challenges for today’s youth. In India, nearly 90% of students make career choices without proper guidance. To address this gap, M. Raja Shekar and K. Vamsi Prasad launched College Mentor in October 2024. Unlike conventional education portals that merely list colleges, College Mentor offers a comprehensive mentorship ecosystem for students from 8th grade through graduation. Raja Sheka...
Vande Bharat Sleeper Fare: Confirmed Tickets Only, No RAC; Full Details on Fares, Speed, and Route
Business

Vande Bharat Sleeper Fare: Confirmed Tickets Only, No RAC; Full Details on Fares, Speed, and Route

New Delhi: Indian Railways is all set to introduce the Vande Bharat Sleeper Express, promising passengers a unique travel experience. The key highlight of this train is that there will be no Reservation Against Cancellation (RAC) facility—passengers will either get a confirmed ticket or none at all. The train will be slightly more expensive than existing premium services like the Rajdhani Express. The inaugural service will run on the Guwahati–Howrah route and is scheduled to be flagged off by Prime Minister Narendra Modi next week. The Vande Bharat Sleeper Express is expected to reduce travel time by up to three hours compared to conventional express trains. Fare Structure According to a circular issued by the Railway Board on 9 January, the minimum chargeable distance will be 40...