Middle East War Inevitable? Trump's Warship Armada Sails For Israel Ahead Of Iran's Revenge Attack
"Cricketers are not cattle to be sold in an auction." 🎙️ In this explosive episode of the Bombay Sport Exchange, K Shriniwas Rao sits down with Harish Thawani — the man behind Nimbus Communications — to explore how cricket broadcasting in India was built, negotiated, and fought over. From billion-dollar deals to bold opinions, this is the untold business story of Indian cricket.
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Business Standard
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- Business Standard
Dalmia Bharat Sugar shares lose sweetness on posting Q1 nos; stock slips 4%
Dalmia Bharat Sugar and Industries shares slipped 3.5 per cent on Wednesday, August 6, 2025, and logged an intra-day low at ₹355.2 per share on BSE. At 11:40 AM, Dalmia Bharat Sugar share price was down 2.25 per cent at ₹360.05 per share. In comparison, the BSE Sensex was 0.25 per cent lower at 80,506.16. The stock declined after the company posted its Q1 results, on Tuesday, after market hours. Dalmia Bharat Sugar and Industries Q1 results The company reported a 30 per cent year-on-year (Y-o-Y) decrease in first-quarter net profit to ₹38 crore, as compared to ₹55 crore a year ago. Revenue for the quarter under review came in at ₹942.87 crore, as compared to ₹960.26 crore a year ago, up 2 per cent. Consolidated Earnings before interest, taxes, depreciation, and amortisation (Ebitda) for Q1FY26 stood at ₹86 crore, down 23 per cent Y-o-Y, as compared to ₹111 crore. Ebitda margin stood at 12 per cent in Q1FY26, as compared to 9 per cent a year ago. 'Despite lower crushing in Uttar Pradesh and subdued margins in cane-based distilleries, the Company recorded a PAT of ₹38 crore and a turnover of ₹957 crore, driven by higher volumes in grain distilleries and a remarkably higher sugar NSR,' said Pankaj Rastogi, whole-time director & CEO of Dalmia Bharat Sugar and Industries Limited. Dalmia Bharat Sugar and Industries management commentary Present sugarcane crop outlook is promising basis predictions of above normal rainfall with optimal distribution, the company said. Dalmia Bharat Sugar and Industries expects an increase in Minimum Selling Price (MSP) of Sugar, which will support the industry. The company expects increase in Ethanol prices for Ethanol supply year (ESY) 2025-26. This, coupled with a reduction in grain prices, would strengthen profitability of distillery segment. About Dalmia Bharat Sugar and Industries Limited Dalmia Bharat Sugar and Industries is an Indian sugar company. The total cane crushing capacity of the company is now 43200 TCD, which makes it one of the leading sugar producers in the country. It is now a fully integrated player with 138 MW of cogeneration capacity and a distillery of 850 KLPD along with incineration boilers. It also has facilities for the processing of raw sugar. These state-of-the-art facilities serve as a role model for the sugar industry since the company has achieved excellence in plant operational metrics and holds a technological leadership position in the industry.


The Hindu
6 minutes ago
- The Hindu
Application window for Chevening Scholarships opens on August 6, 2025
The application window for Chevening Scholarships and Fellowships, the UK government's flagship programme, opened on Tuesday (August 6, 2025). Eligible Indian students can pursue a one-year Master's at any UK university or a specialised professional development with full financial support under the programme. The fellowships, which follow a multidisciplinary approach through lectures, workshops, site visits and engagement with sector experts, are intensive 8-12 week-long programmes hosted at top UK institutions and are designed for mid-to-senior level professionals. Encouraging people from all corners of India to apply for Chevening awards, acting British High Commissioner to India Christina Scott said it opens endless possibilities for individuals with demonstrable potential to become future leaders and decision-makers. 'As I have travelled around India, I have met inspiring Chevening alumni transforming their communities, developing policies for their states, building innovative businesses and shaping opinions across political, media and cultural spheres. It is wonderful to see so many Indian nationals from smaller towns and remote states getting the opportunity to pursue their academic dreams in the UK through Chevening,' she said. The last date to apply for the Chevening awards is October 7.


Indian Express
6 minutes ago
- Indian Express
Why is Trump upset with India? It is not about peace in Ukraine
As India and the United States failed to clinch a trade deal by the stipulated deadline, President Donald Trump announced on his social media post that all imports from India would now be subject to a 25 per cent tariff, and an additional penalty for importing Russian energy. While a higher tariff across the board was expected if the deal fails, the additional penalty for trading with Russia has irked the Indian establishment. The MEA issued a statement criticising the US and the EU by exposing their own hypocrisy on the issue of doing business with Russia. It is true that India's energy imports, mostly crude oil, from Russia have increased. But Russia's emergence as India's major supplier of crude oil is a consequence of US policy itself. To begin with, US sanctions on Venezuelan crude oil continue to be in force, blocking off a major source of supply. This is significant because Venezuela holds the world's largest reserves of crude oil. A fear of secondary sanctions has prevented the world from importing from Venezuela. Then, in 2019, the US, during the first Trump presidency, imposed sanctions on Iranian oil after it pulled out of the JCPOA. Iran was one of India's major oil suppliers, but the threat of secondary sanctions forced it to immediately cut its imports from Iran to 0.76 per cent of its total oil imports by 2020. Today, the share has fallen below 0.04 per cent. Finally, after Russia invaded Ukraine in February 2022, the EU, which felt morally compelled to reduce its energy dependence on Russia, undertook measures to gradually phase out Russian coal and oil imports. The EU's decision to transition from traditional suppliers to new ones threatened to drive up global oil prices. To further worsen the situation, OPEC's practice of capping output to create artificial scarcity threatened to trigger inflationary pressures worldwide. And even then, Russian oil was not under any direct sanctions, like Iran or Venezuela. While the G7 placed a price cap on Russian oil, which they were able to enforce globally, India didn't violate any understanding. And thus, Trump's sudden frustration with India's trade with Russia is bizarre. Moreover, while Trump has singled out India, alongside China, he chose to conveniently absolve the EU for the same. For all its moral chest-thumping, the EU has only been successful in cutting its coal dependence on Russia. It continues to import crude oil from Russia even as imports have reduced substantially. But most importantly, the EU has not stopped importing Russian gas, LNG and pipeline gas. In fact, it continues to be Russia's top export destination for both LNG (51 per cent) and pipeline gas (37 per cent). Additionally, after Russia's invasion of Ukraine, India emerged as the top supplier of refined oil to the EU, overtaking Saudi Arabia. The EU had no problems until very recently in importing Russian crude oil refined in India. Trump's actions appear, more than anything else, to be a result of his frustration and exasperation in dealing with Russia, India, and China. That he doesn't care about Ukraine or the Ukrainian cause is quite evident. However, it is no secret that when Trump assumed the presidency earlier this year, he made some tall claims regarding Russia, China and India. He vowed to bring the Russian war on Ukraine to an end. He also expressed confidence in concluding a favourable trade deal with both India and China. Trump expressed his admiration for the three leaders of all three countries. He was hoping to bank on his personal working relationship with them to deliver on these promises. Yet, more than six months after Trump took office, Putin has shrugged off repeated deadlines set by Trump to end the war. Xi Jinping, too, has refused to buckle under pressure and instead coerced Trump into agreeing to a 90-day truce amidst the ongoing tariff war between the US and China. Finally, India's decision to refute Trump's claim of mediating a ceasefire with Pakistan and its refusal to compromise on some core issues during the trade talks seems to have further infuriated the US president. Trump's decision, therefore, to sanction Russian crude oil, all of a sudden, is an expression of his disappointment arising from the mismatch between his expectations and reality. The writer is with Takshashila's Indo-Pacific Studies programme