Latest news with #AnkitMehta
NDTV
3 days ago
- NDTV
Man Gets 20-Year Jail Term For Raping Step-Daughter
New Delhi: A Delhi court has sentenced a man to 20 years of rigorous imprisonment for raping his teen stepdaughter, observing there was no straitjacket formula for sentencing. The court said the "twin objectives" of deterrence of crimes and reformation of a convict needed to be balanced. Additional sessions judge Ankit Mehta was hearing the arguments on the quantum of sentencing against the 32-year-old man, convicted for rape under IPC and Section 6 (aggravated penetrative assault) of the POCSO Act. On August 2, the court said, "Accused inserted his finger in the private parts of the victim, amounting to rape or penetrative sexual assault. It was further proved that the convict had watched the victim while she was taking a bath and had also lain down upon her." The sentencing, the court said, had to be commensurate with the relevant factors, including nature and gravity of the offence, how the crime was committed, the condition of the victim, the convict's age and whether the convict was a habitual offender. "There is no straitjacket formula for the same, and as such, both the aggravating and mitigating factors need to be considered. Further, sentencing needs to balance the twin objectives of deterrence and reform of the convict," the verdict said. The court awarded Rs 10.5 lakh compensation to the minor survivor.
News18
3 days ago
- News18
Man gets 20-yr jail term for raping step-daughter
Last Updated: New Delhi, Aug 7 (PTI) A Delhi court has sentenced a man to 20 years of rigorous imprisonment for raping his teen stepdaughter, observing there was no straitjacket formula for sentencing. The court said the 'twin objectives" of deterrence of crimes and reformation of a convict needed to be balanced. Additional sessions judge Ankit Mehta was hearing the arguments on the quantum of sentencing against the 32-year-old man, convicted for rape under IPC and Section 6 (aggravated penetrative assault) of the POCSO Act. On August 2, the court said, 'Accused inserted his finger in the private parts of the victim, amounting to rape or penetrative sexual assault. It was further proved that the convict had watched the victim while she was taking a bath and had also lain down upon her." The sentencing, the court said, had to be commensurate with the relevant factors, including nature and gravity of the offence, how the crime was committed, the condition of the victim, the convict's age and whether the convict was a habitual offender. 'There is no straitjacket formula for the same, and as such, both the aggravating and mitigating factors need to be considered. Further, sentencing needs to balance the twin objectives of deterrence and reform of the convict," the verdict said. The court awarded Rs 10.5 lakh compensation to the minor survivor. PTI MNR MNR AMK AMK (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 07, 2025, 21:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
23-07-2025
- Business
- Business Standard
Ideaforge Tech drops after reporting net loss of Rs 23 cr in Q1 FY26
Ideaforge Technology declined 6.46% to Rs 509.30 after the company reported consolidated net loss of Rs 23.5 crore in Q1 FY26 compared with net profit of Rs 1.17 crore in Q1 FY25. Revenue from operations declined 85.17% YoY to Rs 12.78 crore during the quarter. The company reported a pre-tax loss of Rs 25.29 crore in Q1 FY26 compared with pre-tax profit of Rs 1.56 crore in Q1 FY25. The firm reported a negative EBITDA of Rs 15.14 crore in Q1 June 2025, compared with a positive EBITDA of Rs 8.46 crore in Q1 June 2024. The EBITDA margin stood at -118.5% in Q1 FY26 against 9.8% in Q1 FY25. As on 30th June 2025, the companys order book stood at Rs 144.8 crore Ankit Mehta, CEO said, The first quarter of FY 2026 marked a positive start for the financial year and reinforced ideaForges resilience: both in technology and in business. Ideaforge secured a significant Rs 137 crore order under the Governments 5th cycle of Emergency Procurement. This order followed rigorous technical evaluations and country-of-origin checks, highlighting our standing as a trusted partner to the Indian armed forces. The quarter also saw our platforms play a role in Operation Sindoor, proving effective in the high-stakes battlefield scenario, reaffirming the resilience of our indigenous product development and deep-tech foundation. Post-Operation Sindoor, government procurement has received a major boost, with the allocation of Rs 40,000 crore for the 6th cycle of Emergency Procurement for the armed forces. Additionally, the government has announced an RDI Fund of Rs 1 lakh crore, which will further boost innovation efforts in the industry. The next phase of PLI is also expected to be rolled out for drone manufacturers, which will be a major tailwind for the industry and ideaForge. Ideaforge Technology (ideaForge) is the pioneer and the pre-eminent market leader in the Indian unmanned aircraft systems (UAS) market. It had the largest operational deployment of indigenous UAVs across India.
Economic Times
23-07-2025
- Business
- Economic Times
Ideaforge shares slide 7% after weak Q1 performance, fourth straight quarterly loss
Ideaforge shares fell over 7% after the drone maker posted a weak Q1FY26, with a net loss of Rs 23.5 crore and an 85% YoY revenue drop. Despite a defence order win, analyst sentiment remains negative, with a 'Sell' rating and 24% downside target. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Ideaforge Technology slumped over 7% to Rs 506.2 on the BSE on Wednesday after the drone maker reported disappointing results for the April–June quarter of company posted a net loss of Rs 23.5 crore in Q1FY26, compared with a net profit of Rs 1.1 crore in the same period last year. Revenue from operations plunged 85% year-on-year to Rs 12.7 crore, down from Rs 86.2 crore in marks the fourth consecutive loss-making quarter for the total expenses fell 53% YoY to Rs 42 crore, the company reported a negative Ebitda of Rs 15.1 crore, compared with a positive EBITDA of Rs 8.5 crore in the year-ago period. However, the Q1FY26 EBITDA loss narrowed sequentially from Rs 17.4 crore in Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% Despite the weak financials, CEO Ankit Mehta remains optimistic, citing a Rs 137 crore defence order secured under the Centre's fifth cycle of emergency procurement. The company expects this order to start reflecting in its revenue over the next 2–3 quarters.'The order followed rigorous technical evaluations and country-of-origin checks,' Mehta also pointed to the company's involvement in Operation Sindoor, where it demonstrated high-endurance drone capabilities. Mehta expects increased government focus on indigenous defence production to drive future said the government's allocation of Rs 40,000 crore for the sixth emergency procurement cycle and the proposed Rs 1 lakh crore R&D innovation fund could significantly benefit drone manufacturers. He also highlighted the expected rollout of the next phase of the PLI scheme as a major upcoming catalyst for the Read: 7 Nifty500 stocks with highest dividend yields. Do you own any? According to Trendlyne, the average analyst target price for Ideaforge stands at Rs 388, implying a 24% downside from current levels. Of the two analysts covering the stock, the consensus rating is 'Sell'.Shares of Ideaforge have fallen 18% year-to-date and are down 56% over the past two years. The company currently commands a market capitalisation of Rs 2,201 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
23-07-2025
- Business
- Time of India
Ideaforge shares slide 7% after weak Q1 performance, fourth straight quarterly loss
Shares of Ideaforge Technology slumped over 7% to Rs 506.2 on the BSE on Wednesday after the drone maker reported disappointing results for the April–June quarter of FY26. The company posted a net loss of Rs 23.5 crore in Q1FY26, compared with a net profit of Rs 1.1 crore in the same period last year. Revenue from operations plunged 85% year-on-year to Rs 12.7 crore, down from Rs 86.2 crore in Q1FY25. Explore courses from Top Institutes in Please select course: Select a Course Category Management MCA Digital Marketing Technology others Others Data Analytics Cybersecurity Data Science Degree Data Science Public Policy Leadership Project Management Finance Healthcare Design Thinking healthcare CXO Artificial Intelligence MBA Operations Management PGDM Product Management Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Beautiful Female Athletes Right Now Undo This marks the fourth consecutive loss-making quarter for the company. While total expenses fell 53% YoY to Rs 42 crore, the company reported a negative Ebitda of Rs 15.1 crore, compared with a positive EBITDA of Rs 8.5 crore in the year-ago period. However, the Q1FY26 EBITDA loss narrowed sequentially from Rs 17.4 crore in Q4FY25. Also Read: Apollo Tyres, Brigade Enterprises among 10 small-cap stocks trading below industry PE; may rally up to 43% Live Events Despite the weak financials, CEO Ankit Mehta remains optimistic, citing a Rs 137 crore defence order secured under the Centre's fifth cycle of emergency procurement. The company expects this order to start reflecting in its revenue over the next 2–3 quarters. 'The order followed rigorous technical evaluations and country-of-origin checks,' Mehta said. He also pointed to the company's involvement in Operation Sindoor, where it demonstrated high-endurance drone capabilities. Mehta expects increased government focus on indigenous defence production to drive future growth. Mehta said the government's allocation of Rs 40,000 crore for the sixth emergency procurement cycle and the proposed Rs 1 lakh crore R&D innovation fund could significantly benefit drone manufacturers. He also highlighted the expected rollout of the next phase of the PLI scheme as a major upcoming catalyst for the sector. Also Read: 7 Nifty500 stocks with highest dividend yields. Do you own any? According to Trendlyne, the average analyst target price for Ideaforge stands at Rs 388, implying a 24% downside from current levels. Of the two analysts covering the stock, the consensus rating is 'Sell'. Shares of Ideaforge have fallen 18% year-to-date and are down 56% over the past two years. The company currently commands a market capitalisation of Rs 2,201 crore.
