Day: 30 July 2024

Balu Forge Industries Ltd. Announces Q1FY25 Financial Results, PAT rises 104.96% to ₹341.67 Mn

Vijay Raman

·         Revenue increases 55.99% YoY to ₹1,753.09 Mn   ·         Recommended final dividend of 1.5% per share of Rs.10/- each for FY24   Balu Forge Industries Ltd. (BFIL), a leading precision engineering and manufacturing company, approved its Audited Consolidated Financial Results for the quarter ended 30st June 2024, in the meeting of its Board of Directors held on 30th July 2024.                                     *Amount in Mn Particulars (in Mn) Q1FY25 Q1FY24 % Increase Revenue 1,753.09 1,123.85 55.99% PAT (Profit After…

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Wardwizard Innovations & Mobility Limited Clocks Revenue of Rs. 489.68 millionin Q1 of FY’25, Records YoY growth of 29.23%

Vijay Raman

Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands 'Joy e-bike’ and ‘Joy e-rik’, today announced its financial results for Q1 of FY’25 (April-June 2024).    Standalone Q1 FY25 Key Financials at a Glance   Particulars (₹ Millions) Q1 FY25 Q1 FY24 YoY Change Total Revenues 489.68 378.93 29.23% EBITDA 76.48 47.76 60.13% EBITDA (%) 15.62 12.60 302 Bps PAT 24.15 17.51 37.92% PAT (%) 4.93 4.62 31 Bps EPS (₹) 0.09 0.07 28.57%   Consolidated Q1 FY25 Key Financials at a Glance…

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Key CCUS Insights from Carbon Capture Technology Expo North America 2024

Vijay Raman

Author: Eve Pope, Technology Analyst at IDTechEx   Major CCUS (carbon capture, utilization, and storage) players converged in Houston, Texas, in the last week of June for the 2024 iteration of the Carbon Capture Technology Expo North America. Co-located with the Hydrogen Technology Expo, the event boasted over 8000 attendees and 400 exhibitors – including IDTechEx. To complement IDTechEx’s CCUS portfolio, presentations were attended, and exhibition booths were visited that were relevant to carbon capture technologies, the carbon dioxide removal space, and the utilization of captured carbon dioxide in enhanced oil recovery and sustainable fuels. In…

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Growth District Faridabad is Getting Bigger with High Potential expansion plans by leading developers

Vijay Raman

Massive development plans under commercial and affordable housing spread across 90 acres in Faridabad   Faridabad, dubbed the “Growth District,” is poised for significant expansion as a leading real estate developer announces innovative mixed-use township projects. Known for its construction and development of World Trade Centers (WTCs) across North and West India, the company is set to elevate Faridabad's real estate landscape with substantial investments in commercial spaces, malls, and affordable housing. With an impressive track record of delivering over 3.0 million sqft and an additional 1.0 million sqft scheduled…

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‘Shaukan’ from Janhvi Kapoor’s Ulajh is Here to Set the Dance Floor on Fire!

Vijay Raman

OR   'Shaukan' from Janhvi Kapoor's Ulajh Just Released and It's a Vibe!     Neha Kakkar and Jubin Nautiyal's 'Shaukan' featuring Janhvi Kapoor and Gulshan Devaiah Sets the Party Mood in Ulajh! Post receiving an astounding response on the trailer of the National Award-winning director Sudhanshu Saria's film Ulajh, the makers have released the first song, ‘Shaukan’ featuring Janhvi Kapoor, Gulshan Devaiah. ‘Shaukan’ is composed and produced by Shashwat Sachdev and features the sensational voices of Jubin Nautiyal, Neha Kakkar, and Shashwat Sachdev. The lyrics, penned by Kumaar, perfectly…

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Indian scientist Dr. S. Sridhar made Fellow of the Royal Society of Chemistry, London

Vijay Raman

The Ministry of Science and Technology on Monday said that CSIR-Indian Institute of Chemical Technology (IICT) scientist Dr S Sridhar has been inducted as a Fellow of the prestigious Royal Society of Chemistry (FRSC), London for his research in the field of membrane technology. In his 26-year long career as a research scientist, he developed and transferred several technologies for chemical and allied industries, as well as made significant contributions to social welfare. “His major career achievements include commissioning of several membrane pilot plants based on electrodialysis, nanofiltration, gas permeation…

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Mobile therapy buses started for disabled children

Vijay Raman

The National Institute for Empowerment of Persons with Intellectual Disabilities (NIEPID) under the Department of Empowerment of Persons with Disabilities (DEPwD) and The Hans Foundation today announced the launch of the Mobile Therapy Bus initiative. This transformational programme aims to address the unique needs of children with disabilities in marginalised communities through the deployment of five Mobile Therapy Buses in Noida, Ghaziabad, Kolkata and Mumbai. The event was graced by Shri Rajesh Agarwal, Secretary (DEPwD) as the Chief Guest. Other notable attendees included Shri Sudeep Sinha, Director, Programmes and Strategic…

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Ahmedabad Housing Prices Up 49% from 2018-2024, 16% Rise Last Year Alone

Vijay Raman

  During H1 2024, Ahmedabad saw 17,360+ new units launched and approx. 22,850 units sold. Available inventory as of H1 2024 was approx. 64,650 units – a decline of 8% from 2023. Inventory overhang reduced to 17 months by H1 2024-end, from 20 months by 2023-end, significantly down from 46 months in 2020. Residential real estate sales volume across Ahmedabad saw highest-ever peak of approx. 40,020 units in 2023. Approx. 42,310 units launched in 2023, compared to 36,515 units in the previous year, marginally short of 2021 peak. Avg. property…

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