Latest news with #Siliguri-based
News18
24-05-2025
- General
- News18
Young Army Officer Sacrifices Life Rescuing Agniveer In Sikkim, Just 6 Months After Joining Force
Last Updated: While marching towards a key post, Lieutenant Shashank Tiwari jumped into a mountain stream to rescue an Agniveer, who lost control while crossing a log bridge A young Indian Army officer leapt into a raging mountain stream to save a fellow soldier during a patrol in North Sikkim but was swept away by the strong current. The 23-year-old Lieutenant Shashank Tiwari of the Sikkim Scouts, commissioned in December last year, was leading a route-opening patrol towards a tactical operating base in Sikkim when the tragic incident took place. While marching towards a key army post, Lieutenant Tiwari bravely jumped into a treacherous mountain stream to rescue Agniveer Stephan Subba, who lost control while crossing a log bridge. Another soldier, Naik Pukar Katel, followed Lieutenant Tiwari in the rescue effort and successfully pulled the Agniveer out of the mountain stream. While Subba was brought to safety, Lieutenant Tiwari was swept away by the powerful current. His body was recovered approximately 800 metres downstream. The Indian Army in a post said, His bravery and devotion to duty will continue to inspire generations. The #IndianArmy stands shoulder to shoulder with the family in this hour of grief." 'A wreath was laid with full military honours by Lt Gen Zubin A Minwalla, GOC Trishakti Corps, at Bengdubi Military Station, prior to the final journey of the braveheart's mortal remains to his hometown," the Siliguri-based 33 Corps (Trishakti Corps) posted on X. He is survived by his parents and sister. First Published: May 24, 2025, 10:27 IST
Business Standard
20-05-2025
- Business
- Business Standard
Doms Inds Q4 PAT rises 7% YoY to Rs 48 cr
Doms Industries reported 7.23% increase in consolidated net profit to Rs 48.44 crore in Q4 FY25 as against 45.17 crore posted in Q4 FY24. Revenue from operations jumped 26% YoY to Rs 508.73 crore in the quarter ended 31 March 2024. Profit before tax stood at Rs 68.64 crore in the fourth quarter of FY25, up 9.02% from Rs 62.96 crore reported in the same period a year ago. EBITDA grew by 16.2% YoY to Rs 88.3 crore during the quarter. EBITDA margin reduced to 17.3% in Q4 FY25 as compared to 18.8% recorded in Q4 FY24. On a full-year basis, the company's consolidated net profit jumped 32.12% to Rs 202.34 crore on a 24.42% increase in revenue from operations to Rs 1,912.63 crore in FY25 over FY24. Santosh Raveshia, managing director, DOMS Industries, said, We are pleased to report a resilient performance in FY 2025, achieved amidst a backdrop of macroeconomic uncertainty and evolving market dynamics. Our continued focus on execution and operational discipline has helped us deliver an encouraging revenue growth of nearly 25%. This growth was supported by steady performance across our core categories, the launch of new products, and the smooth integration of Uniclan. In recognition of this performance, the board has recommended a dividend of Rs 3.15 per share, subject to shareholder approval. As we remain committed to our long-term vision, we continue to invest in expanding our product portfolio, scaling our capacities, and strengthening our market presence. The board-approved acquisition of a 51% stake in Super Treads Private Limited - a Siliguri-based paper stationery company - aligns well with this strategy. It will enhance our production capabilities in the paper stationery segment and improve our ability to serve the growing demand in East India. Looking ahead, while we remain watchful of external uncertainties, we are optimistic about a gradual recovery in domestic demand. In FY 2026, we aim to maintain our double-digit growth trajectory, underpinned by planned capacity enhancements in scholastic stationery, office supplies, and paper stationery. With our 44-acre land parcel construction underway in full swing, with anticipated possession of the first building by Q3 FY26 and the beginning of commercial production slated for Q4 FY26, we're poised to sustain our growth momentum, leveraging the expanded capacities. Building on a focused growth strategy and strong business fundamentals, we will continue to drive value creation through prudent, profitable initiatives that position us well for the future. DOMS Industries is one of Indias largest stationery and art products companies. The company designs, develops, manufactures, and sells a wide range of well-designed, quality stationery and art products, categorized into categories that include scholastic stationery, scholastic art material, paper stationery, kits and combos, office supplies, hobby and craft, and fine art products. The counter tumbled 8.17% YoY to Rs 2,567.95 on the BSE.
Time of India
20-05-2025
- Business
- Time of India
DOMS Industries Q4 profit rises 9% on strong revenue growth, eyes double-digit growth in FY26
New Delhi: DOMS Industries , on Monday, has reported a solid 9.3 per cent year-on-year increase in net profit for Q4 FY25, which stood at Rs 51.3 crore, driven by healthy demand across core categories and new product launches, as per a regulatory filing. Its revenue for the quarter rose 26 per cent to Rs 508.7 crore, up from Rs 403.7 crore in the same period last year. EBITDA stood at Rs 88.3 crore, a growth of 16.2 per cent, although margins moderated to 17.3 per cent from 18.8 per cent in Q4 FY24. For the full fiscal year, the company posted a 33.7 per cent surge in net profit to Rs 213.5 crore, while revenue from operations grew 24.4 per cent to Rs 1,912.6 crore. EBITDA for FY25 stood at Rs 348.4 crore, up 27.8 per cent year-on-year, with margins improving to 18.2 per cent from 17.7 per cent last year. Santosh Raveshia , managing director of the company, attributed the performance to consistent execution and operational discipline despite macroeconomic challenges. 'This growth was supported by steady performance across our core categories, the launch of new products, and the smooth integration of Uniclan .' The board has recommended a dividend of Rs 3.15 per share (31.5 per cent), subject to approval. In line with its long-term strategy, DOMS is deepening its presence in the paper stationery segment with the acquisition of a 51 per cent stake in Siliguri-based Super Treads Private Limited . The move is expected to enhance production capabilities and cater to growing demand in East India. Looking ahead, the company remains optimistic about sustaining a double-digit growth trajectory in FY26, supported by continued investments in scholastic and office stationery and paper products. Construction is underway at its 44-acre greenfield facility, with the first building expected by Q3 FY26 and commercial production slated for Q4 FY26. 'We are poised to maintain our growth momentum through capacity expansion, product innovation, and stronger market penetration,' said Raveshia. DOMS Industries, known for branded stationery, said it will continue to evolve as a category leader by leveraging premiumisation, strategic acquisitions, and disciplined execution.
Time of India
08-05-2025
- Time of India
Two cyber scammers held
Bhubaneswar: Crime Branch on Thursday arrested two men from Kolkata for their involvement in separate cyber crimes. Tapas Haldar, 28, was arrested for allegedly duping a doctor in Bhubaneswar of Rs 6 crore in an online investment scam . Earlier, a Siliguri-based hotelier and his female associate were arrested in connection with the case. In another case, police officials arrested Nikhil Jaiswal, 23, from Kolkata for allegedly defrauding a businessman of Rs 2.36 crore in Cuttack in a similar investment fraud . A few months ago, a man from Hyderabad was arrested in the case. tnn
Time of India
05-05-2025
- Time of India
Bengal hotel owner, aide held for duping city bizman of Rs 6cr
Bhubaneswar: The state crime branch arrested a Siliguri-based hotel owner and his female associate from Kolkata on Monday for allegedly cheating a Bhubaneswar-based businessman of Rs 6 crore through fraudulent online stock trading. Tired of too many ads? go ad free now The police identified the accused as hotel proprietor, Ashok Nanda (53), and his aide, Jayarani Basak (38), a resident of Kolkata. According to crime branch officers, the victim filed a complaint at the cyber police station on Jan 13, reporting that he had been deceived by an unidentified group of cyber fraudsters who promised lucrative returns through online stock trading. The complainant was allegedly lured into investing substantial amounts through various digital platforms. Investigation revealed that the accused had established an elaborate scheme to deceive potential investors, using various methods to gain their trust before orchestrating the fraud. Nanda, who owns a hotel in Siliguri, allegedly used his business as a front to appear legitimate to unsuspecting victims, crime branch sources said. "The victim received a call from an unidentified person in Sept 2024 with an investment proposition in stocks. After showing interest, he was subsequently added to a chat group. The complainant sent Rs 6.04 crore to 22 separate bank accounts from eight accounts belonging to him and his associates. He approached us after failing to withdraw his funds several weeks later," a crime branch officer said. Nanda's account received Rs 1.11 crore while Jayarani's account showed deposits of Rs 6 lakh. "Our investigation is continuing to trace other suspects," said director general (crime branch), Vinaytosh Mishra.
