Sibar Auto Parts reports standalone net loss of Rs 0.14 crore in the June 2025 quarter
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India.com
21 minutes ago
- India.com
Bad news for Amazon, this state authorities issue notice over fake…, ask company to apologize and remove…
Authorities on Wednesday served notices to a West Bengal-based private firm and e-commerce major Amazon over allegations of misbranding fake carpets as 'authentic Kashmiri handmade silk carpets.' 'NOTICES issued 2 @jewelcarpet & @amazonIN for misbranding #KashmirCrafts,' Director, Department handicraft and handloom Mussarat Zia said in a post on X. What Are Allegations Against Amazon? Attaching a screenshot of the misbranded carpet to his post, Zia said, 'They must b crazy offering 50% rebates on cheap FAKES in name of Authentic Kashmiri Handmade Silk Carpet for '‚¹2,160 & '‚¹2,630. UNACCEPTABLE. Brings disrepute 2 artisans & high value items.' NOTICES issued 2 @jewelcarpet & @amazonIN for misbranding #KashmirCrafts They must b crazy offering 50% rebates on cheap FAKES in name of Authentic Kashmiri Handmade Silk Carpet for ₹2,160 & ₹2,630. UNACCEPTABLE. Brings disrepute 2 artisans & high value items@diprjk @dohhkmr — Mussarat Zia (@mussarat_zia) August 13, 2025 The size of silk carpet mentioned in the Amazon listing would cost upwards of Rs 25,000. The company has been also directed to provide details of all sales of the misbranded products and submit a compliance report within three days. Amazon India Quick-Commerce Plans Amazon India head Samir Kumar on Wednesday said the e-commerce company has seen an overwhelming response from customers in Bengaluru and Delhi, where it recently launched quick-commerce offering, and hinted at 'big plan to grow beyond', urging people to 'stay tuned'. Online commerce space has ample room for multiple players and it is still early days, Kumar – Country Manager at Amazon India told PTI in an interview. 'We at Amazon, believe that competition is always good for us. We welcome that. But at the same time, this whole space, e-commerce and online commerce, is such a big space,' he said. There's room for multiple players, Kumar said adding 'we believe it's very early on.' 'We are still scratching the surface,' he pointed out. On the Amazon Now, the company's quick commerce play in Bengaluru and New Delhi, Kumar said the response has been overwhelming. '…On beyond Bengaluru and Delhi, stay tuned for that. We have a very big plan to grow beyond…,' he said about the ultra fast delivery service. (With Inputs From PTI)
New Indian Express
21 minutes ago
- New Indian Express
PM Modi asked to give representation on Bengaluru Tunnel Road Project: Dy CM Shivakumar
BENGALURU: Deputy Chief Minister DK Shivakumar informed the Legislative Council on Thursday that Prime Minister Narendra Modi, during his recent visit to Bengaluru, directed the state government to submit a formal proposal for the ambitious Tunnel Road Project. The PM's instruction came after he expressed admiration for the Ragigudda Double Decker Project and encouraged its expansion into a 44-km double-decker corridor for the city. Shivakumar was responding to BJP MLC CT Ravi's queries regarding the Tunnel Road Project's feasibility and alleged discrepancies in its Detailed Project Report (DPR). The DCM stated, "The PM said India is seen through Bengaluru and echoed what former PM Vajpayee has told. Hence we asked him to fund the Tunnel Road Project to which he replied saying give a representation and he shall look into it." He added that the Bruhat Bengaluru Mahanagara Palike (BBMP) and Bangalore Metro Rail Corporation Limited (BMRCL) would share the project cost equally. Highlighting Bengaluru's rapid urbanization, Shivakumar noted that the city's population has doubled from 70 lakh to 1.4 crore in 25 years, while vehicle numbers have surged to 1.23 crore. "The city has 25 lakh software engineers compared to 13 lakh in California," he said, emphasizing the need for infrastructure upgrades like the Tunnel Road, Double Decker corridors, and buffer zone roads to ease congestion. The DCM revealed that Union Road Transport Minister Nitin Gadkari had advised studying Mumbai's tunnel projects before finalizing plans. After a 1.6-year review, the government decided to proceed. Defending the higher cost compared to metro projects, Shivakumar clarified, "The DPR cost for Tunnel Road was more compared to Metro was due to increase in diameter and length and present-day situation." He detailed that the 14-meter-wide tunnel would accommodate three lanes plus an emergency lane, becoming India's longest upon completion at Rs 770 crore per km. The Build-Operate-Transfer (BOT) model will see the state contributing 40% and private agencies 60%, with Rs 800 crore allocated for land acquisition. "Judges, officials, and common man from Hebbal surroundings take 45 minutes to reach Vidhana Soudha and Court Surroundings and are suffering daily," he said, defending the project
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Business Standard
21 minutes ago
- Business Standard
Hindustan Copper Q1 results: Net profit increases 18% to ₹134 crore
The company, which is engaged in copper ore mining, had logged a net profit of Rs 113.40 crore in the April-June period of preceding 2024-25 financial year Press Trust of India New Delhi State-owned Hindustan Copper on Thursday posted an over 18 per cent rise in consolidated net profit to Rs 134.28 crore in the June quarter of FY26, supported by higher revenues. The company, which is engaged in copper ore mining, had logged a net profit of Rs 113.40 crore in the April-June period of preceding 2024-25 financial year. According to an exchange filing, Hindustan Copper's total income rose to Rs 526.65 crore in the first quarter from Rs 500.44 crore in the same period a year ago. Its expenses were at Rs 347.29 crore as against Rs 346.32 crore in the Q1 of FY25. The consolidated financial results for the quarter ended June 2025 include earnings of subsidiary company Chhattisgarh Copper Limited (CCL) and joint venture company Khanij Bidesh lndia Limited (KABIL). Hindustan Copper, under the Ministry of Mines, holds all the operating mining leases for copper ore in the country. As per its home page, the company's current focus lies in exploration, mining, and beneficiation of copper ore to produce and sell copper concentrate. Hindustan Copper operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan) and Ghatsila (Jharkhand). It has facilities of a primary smelter and refinery at Ghatsila (Jharkhand), secondary smelter and refining facilities at Jhagadia (Gujarat), and a continuous cast copper wire rod plant at Taloja (Maharashtra).
