Delhivery to expand rapid commerce, on-demand logistics offerings
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
13 minutes ago
- Economic Times
Govt approves 4-laning of Marakkanam-Puducherry NH at cost of Rs 2,157 cr
The government has approved a project to widen the Marakkanam-Puducherry highway. This upgrade aims to reduce congestion and improve safety. The project will enhance connectivity to major transport hubs. It will also boost regional economic growth and tourism in Puducherry. The project is expected to generate significant employment opportunities. This development promises better trade and industrial growth in the region. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The government on Friday approved 4-laning of Marakkanam-Puducherry national highway in Tamil Nadu at a total cost of Rs 2,157 decision was taken at a meeting of Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi Currently, connectivity between Chennai, Puducherry Viluppuram and Nagapattinam is dependent on existing 2-lane National Highway 332A and associated state highways. This causes significant congestion due to high traffic volumes, especially in densely populated stretches and key towns along the address these challenges, the project will upgrade approximately 46 km of NH-332A from Marakkanam to Puducherry to a 4-lane configuration, an official statement will decongest the existing corridor, improve safety, and cater to the mobility needs of rapidly growing towns such as Chennai, Puducherry Viluppuram and Nagapattinam, it project alignment integrates with 2 major National Highways (NH-32, NH-332) and two state highways (SH-136, SH-203), providing seamless connectivity to key economic, social, and logistics nodes across Tamil the statement said the upgraded corridor will enhance multi-modal integration by connecting with two railway stations (Puducherry, Chinnababusamudram), two airports (Chennai, Puducherry), and one minor port (Cuddalore), thereby facilitating faster movement of goods and passengers across the regionUpon completion, the Marakkanam-Puducherry section will play a pivotal role in regional economic growth, strengthening connectivity between major religious and economic centres, boosting tourism to Puducherry, and opening new avenues for trade and industrial project will also generate approximately 8 lakh person-days of direct and 10 lakh person-days of indirect employment, and will open new avenues of growth, development and prosperity in surrounding regions, the statement added.
Economic Times
13 minutes ago
- Economic Times
NIIT Q1 profit dips 44 pc to Rs 4.3 cr; revenue rises 2 pc to Rs 84.1 cr
Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI had reported a profit (attributable to owners of the parent company) of Rs 7.75 crore in the year-ago period, according to a regulatory company's revenue from operations rose slightly to Rs 84.11 crore in Q1 FY26, from Rs 82.47 crore in Q1 sequentially, profit and revenue fell by 66.7 per cent and 2.5 per cent, business grew 7 per cent year-on-year and contributed 68 per cent to overall revenue. Revenue from Technology programs was up 7 per cent year-on-year, while revenue from BFSI & other programs was down 9 per cent sharp decline in BFSI (Banking, Financial Services & Insurance ) hiring reflected in reduced share of BFSI & other programs, and also contributed to the decline in share of Consumer business, the company said. Wipro , and HCL Tech cut 42K+ jobs in two years, including TCS's 12K layoff; WorkPro segment in ITeS hit hardest as clients stay cautious amid trade tensions and tech spend slowdown."Banking Q1 was tough (Axis, Kotak, HDFC, SBI ,ICICI) with margin pressures and muted hiring amid lower attrition; weakness spilled over to insurance (slower premium growth) and NBFCs (retail/personal loan moderation)," the company company's order intake during the quarter under review was Rs 106.5 crore, representing a 37 per cent year-on-year the quarter, NIIT Limited acquired a 70 per cent stake in Coimbatore-based AI-powered deep-skilling SaaS platform iamneo for around Rs 61.3 crore, with the remaining 30 per cent to be purchased in phases from its promoters upon achieving agreed financial milestones."In the current volatile environment, the company stayed the course on its investments in AI-powered learner-centric outcome-based education. The strategic investment in iamneo significantly enhances our capability to deliver impactful digital transformation curricula at scale," Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited, said.
Economic Times
16 minutes ago
- Economic Times
Carborundum Universal Q1 Results: Co reports net profit at Rs 60 crore
Carborundum Universal Ltd on Friday recorded a dip in its consolidated net profits at Rs 60.39 crore for the April-June 2025 quarter due to a decline in its sales in the abrasives business, the company said. ADVERTISEMENT The city-based manufacturer of industrial ceramics and abrasives had reported a net profit of Rs 114.84 crore during the corresponding quarter of the last financial year. For the year ending March 31, 2025 the net profits stood at Rs 298.71 crore, Carborundum Universal Ltd part of the diversified conglomerate Murugappa Group said in a statement here on Friday. The consolidated total income for the quarter under review grew to Rs 1,237.75 crore, from Rs 1,204.56 crore registered in the corresponding quarter of last financial total income for the financial year ending March 31, 2025 stood at Rs 4,935.22 from the electro-minerals division during the April-June 2025 quarter were at Rs 405 crore, witnessing a growth of 6.3 per cent. ADVERTISEMENT The abrasives division reported a decline of 8 per cent on the sales in April-June 2025 quarter to Rs 508 crore, the company said. The ceramics division during the quarter under review recorded sales of Rs 300 crore, up by 11.1 per cent over the corresponding quarter of last financial year, it added. (You can now subscribe to our ETMarkets WhatsApp channel)
