Health food brand Anveshan raises Rs 48 crore from Wipro Consumer Care Ventures, others
Health food brand Anveshan has raised Rs 48 crore in a round led by Wipro Consumer Care Ventures. The Gurugram-based startup will use the funds to expand manufacturing, strengthen its supply chain, and boost branding. Founded in 2020, Anveshan offers traditionally made, minimally processed foods and targets Rs 500 crore in future revenue.
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Mint
27 minutes ago
- Mint
Infosys' confidence in better future in contrast to TCS's mood in the IT camp
Infosys Ltd has become the first major Indian IT services company to express confidence in a turnaround, even as peers like Tata Consultancy Services Ltd (TCS) and Wipro Ltd adopt a cautious stance amid macroeconomic uncertainty and Gen AI disruptions. In a conversation with Kotak Institutional Equities analysts, Infosys chief executive Salil Parekh said tech spending is likely to improve. This comes after US President Donald Trump's tariff flip-flops have put client spending in limbo. 'Tech spending is likely to improve with lower macro uncertainty in developed markets,' said Kotak Institutional Equities analysts Kawaljeet Saluja, Sathishkumar S., and Vamshi Krishna, in a note dated 19 August. Infosys gets more than three-fourths of its business from developed markets, including the US and Europe. Most of Infosys's growth is driven by its financial services vertical, which makes up a little more than a fourth of its revenue. 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37 minutes ago
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Pakistan extends airspace ban on Indian flights for another month
Pakistan on Wednesday extended its airspace ban on Indian aircraft until September 23. The Pakistan Airports Authority (PAA) issued a fresh NOTAM (Notice to Airmen) announcing the one-month extension, covering both civilian and military aircraft that are Indian-owned, operated, or leased."All aircraft operated by Indian airlines will not be allowed to use Pakistani airspace. The ban also remains in place for military and civilian aircraft that are Indian-owned or leased," the authority airspace closure was first imposed on April 23 for one month following the Pahalgam terror attack in Jammu and Kashmir, which killed 26 people. The initial ban barred Indian carriers from flying over Pakistan. India responded on April 30 with a reciprocal airspace closure for Pakistani aircraft, starting a series of tit-for-tat restrictions. The ban was first extended on May 23. In July, Pakistan further extended the closure until August 24, affecting hundreds of flights LOSES RS 1,240 CRORE IN AIRSPACE BANThe prolonged closure has hit Pakistan's aviation sector hard. According to Dawn, citing the Defence Ministry, the Pakistan Airports Authority lost over Rs 1,240 crore (PKR 4.1 billion) in just two months. The loss stemmed from transit charges as 100-150 Indian aircraft fly daily, cutting Pakistan's overflight traffic by almost 20 per Defence Minister Khawaja Mohammad Asif confirmed that the ban had caused significant revenue losses. "The closure has impacted our overflying charges and transit traffic severely," he restrictions have created major challenges for airlines, forcing longer routes that burn more fuel and stretch flight times. Carriers have also struggled with crew rotations and scheduling headaches, all of which are driving up operating costs.- EndsWith inputs from agenciesMust Watch
Time of India
39 minutes ago
- Time of India
Thiruvananthapuram South railway station upgrade gains momentum
Thiruvananthapuram: The redevelopment of Thiruvananthapuram South railway station (formerly Nemom) has entered a crucial phase, with nearly 60% of the sanctioned work complete. Tired of too many ads? go ad free now The project includes a modern coaching terminal and track doubling, both key to easing congestion at Thiruvananthapuram Central. According to railway sources, the modern station building's foundation is already 70% complete. "Platform shelters on the freshly constructed platforms 2 and 3 are now fully complete, while the shelters for platform 4 are about 75% finished. Construction is progressing steadily on the subway that will connect all platforms. At the coaching terminal, which will house facilities for parking and maintenance of trains, core earthworks and pit-line construction are nearly complete. Track doubling is set to be finished first, while the terminal itself is scheduled for commissioning by the end of 2026. The Union railway ministry has given the project high priority. Once complete, the station will function as a satellite hub, shifting a significant share of maintenance, stabling and operational load away from the overcrowded Central station. The upgraded plan now includes four platforms, two extra pit-lines, four stabling lines and a repair shed, offering facilities comparable to Central. During a Feb 2025 review visit, Union minister of state for railways V Somanna expanded the project's scope, reaffirming its importance in meeting the capital's long-term rail demands. The project, estimated to cost Rs 117 crore, is being built on railway-owned land, ensuring faster execution. Tired of too many ads? go ad free now Accessibility is also being addressed. A new approach road from the Karamana–Kaliyikkavila state highway has been cleared, with 1.84 acres sanctioned by the state govt. This is crucial since the current road is too narrow to handle expected traffic growth. The Union home ministry has also approved renaming Nemom station to Thiruvananthapuram South, aligning with efforts to streamline rail operations and station identities. Railway officials have stressed that the new terminal will be central to decongesting Thiruvananthapuram Central, enabling smoother train operations, better stabling capacity, and modernized maintenance facilities. Meanwhile, Southern Railway is carrying out upgrades across the region. At Thiruvananthapuram North (Kochuveli), work on the new station building, lifts, tactile paving and shelters is nearing completion. Redevelopment is also advancing at Neyyattinkara and Thiruvananthapuram Central, with timelines stretching through 2025 and 2026.
