United Spirits Q1 profit drops 14%
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New Indian Express
20 minutes ago
- New Indian Express
KMRL begins process to set up ballastless track
KOCHI: Speeding up the second phase of the 'Pink Line' project, Kochi Metro Rail Ltd (KMRL) has initiated the process to set up ballastless track of standard gauge in the elevated section from JLN Stadium station to Infopark Phase 2 station. It has invited open e-tenders online for Rs 127.91 crore for 'Design, Supply, Installation, Testing and Commissioning of Ballastless Track', a work that is aimed to be financed by availing a loan from the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB). The successful bidder should complete the work in 16 months from the date of the Letter of Award. The last date of tender submission is September 1, while the bids will be opened on September 9. The contract awardee can subcontract the work, limited to 50% of the contract price. The tender shall be valid for 180 days (both inclusive) from the last date of submission of tenders. Last week, KMRL floated open tenders for supply of a third rail traction system as well. The Phase 2 project involves the construction of an elevated, electrified metro rail system spanning 11.2km and comprising 11 stations along the JLN Stadium-Infopark section. While the original deadline was the end of 2025, it was revised to December 31, 2026, after the work suffered a delay due to a fund shortage and issues related to utility shifting. 'While the complete section is targeted to be completed by next year's end, we plan to open the first reach up to Padamughal by June 30, 2026. Hence, the successful bidder should complete the work in that session quickly by March 2026. It requires another three months for testing and other purposes,' a senior KMRL official said.
India Today
25 minutes ago
- India Today
UPI to remove money request feature from October 1: What it means for you
Starting October 1, 2025, the way Indians use the Unified Payments Interface (UPI) will change. The National Payments Corporation of India (NPCI) has announced that it is retiring the money request option for person-to-person (P2P) transfers, a move intended to clamp down on scams that have increasingly targeted unsuspecting money request button was, at least on paper, a neat tool. Rather than awkwardly asking someone to send money, you could simply raise a request, whether for splitting the bill after dinner or reminding a forgetful friend about that Rs 500 they still owed. The recipient had the choice to approve or why this change? While the tool was neat, fraudsters quickly discovered a loophole. Fake requests became a common trick, and many people, thinking they were confirming a genuine payment, accidentally authorised transfers straight out of their accounts. NPCI's new directive leaves little room for ambiguity. From October 2, 'no P2P collect transaction should be initiated, routed or processed,' it said in a note to banks, payment service providers and UPI apps. Systems must be updated to block such requests doesn't mean UPI itself is getting harder to use. In fact, most features remain untouched. You can still:-- Send money instantly using a UPI ID, mobile number, or bank details.-- Scan a QR code to pay friends, family, or shopkeepers.-- Approve requests from verified merchants, such as delivery apps or online change applies solely to peer-to-peer collection requests. Merchant collection requests will continue, with their existing higher transaction caps. (Previously, P2P collection was limited to Rs 2,000 per request.)Safety over simplicityBy cutting off P2P collection, NPCI is removing what it sees as one of UPI's weakest security links. Approving a fraudulent request required little more than a careless tap, making it a favoured trick in online fraud kits.'The objective is to protect consumers and strengthen trust in UPI,' the organisation has said, framing the decision as a pre-emptive strike against rising fraud course, for genuine users, it does mean losing a shortcut. Instead of raising a request, you'll now have to ask for your share directly, either by sharing your UPI ID, generating a QR code, or simply dropping a payment reminder on has been India's digital payments crown jewel, handling billions of transactions every month. Its popularity rests on three things: speed, simplicity, and zero transaction costs. But that very simplicity has left it vulnerable to have tried everything from phishing texts and fake OTP requests to imitating bank officials. The collect request feature was just another arrow in their quiver. Removing it, NPCI argues, is about building resilience before the problem grows this means for usersadvertisementFor most people, little will change. Sending money will remain instant, free, and widely accepted. The only thing missing will be that polite nudge via UPI. It might be mildly inconvenient to craft your own reminder messages or share a QR code instead, but the trade-off is clear: fewer ways for fraudsters to trick people into parting with their future, then, is one of tightened safeguards, less about offering every possible shortcut, and more about ensuring every tap and swipe is secure.- Ends
Business Standard
29 minutes ago
- Business Standard
Jyoti Structures Q1 PAT jumps 119% YoY to Rs 11 cr
Jyoti Structures reported a 119.25% surge in consolidated net profit to Rs 11.16 crore, driven by a 76.87% rise in revenue from operations to Rs 156.16 crore in Q1 FY26 over Q1 FY25. Profit before tax stood at Rs 10.24 crore in the June 2025 quarter, registering a growth of 97.3% on a YoY basis. Total expenses fell 46.91% to Rs 9.54 crore during the quarter from Rs 17.97 crore in Q1 FY25. The cost of materials consumed stood at Rs 91.28 crore (up 112.33% YoY), while employee benefits expenses were Rs 17.97 crore (up 273.6% YoY) during the period under review. Jyoti Structures is engaged in Electricity, transmission, distribution and substations. The registered office of the company is in Mumbai. Shares of Jyoti Structures ended flat at Rs 16.13 on Thursday, 14 August 2025.
