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Mudra scheme’s NPA to upgrade to 9.8% by March 2025

Mudra scheme’s NPA to upgrade to 9.8% by March 2025

New Delhi: The non-performing asset (NPA) rate against loan amount disbursed by scheduled commercial banks under the Pradhan Mantri Mudra Yojana (PMMY) has risen from 5.47 percent at the end of March 2018 to 9.81 percent by March 2025, Parliament was told on Tuesday. Finance Minister Nirmala Sitharaman said in a written reply in the Rajya Sabha that the NPA rate on loan amount disbursed under the Pradhan Mantri Mudra Yojana (PMMY) for scheduled commercial banks by March 2025 is 2.19 percent, while it was 2.71 percent at the end of March 2018. She said the PMMY scheme is primarily…
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GMCH infant death: High-level probe ordered

GMCH infant death: High-level probe ordered

GUWAHATI: A tragic incident at Gauhati Medical College and Hospital (GMCH) has raised serious concerns over neonatal care after three newborns reportedly fell from an overcrowded ICU bed, resulting in the death of one infant. The deceased, a baby girl, was the daughter of Smita Deka and Utpal Bordoloi. According to hospital sources, the infants were undergoing phototherapy treatment for jaundice when three babies were placed on a single ICU bed. Despite several vacant phototherapy machines being available, staff on duty allegedly kept them together, leading to the mishap. One infant sustained fatal head injuries and succumbed, while the other…
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Guwahati police summon journalists Karan Thapar, Siddharth Varadarajan on sedition-linked case

Guwahati police summon journalists Karan Thapar, Siddharth Varadarajan on sedition-linked case

GUWAHATI: The Guwahati Police has summoned senior journalists Siddharth Varadarajan and Karan Thapar in connection with a case registered on sedition charges, according to the notices. The two journalists, both with digital media platform The Wire, have been asked to appear before the Crime Branch of Guwahati Police on August 22. The identical summonses stated: "It is revealed that there are reasonable grounds to question you to ascertain the facts and circumstances from you, in relation to the present investigation." However, no FIR or charges were provided to the accused scribes along with the summonses, an official of The Wire…
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Crude oil futures reduce on weak spot demand

Crude oil futures reduce on weak spot demand

New Delhi: Crude oil futures on Monday fell by Rs 102 to Rs 5,498 per barrel as traders offloaded their positions on weak spot demand. At the Multi-Commodity Exchange, crude oil contracts for September delivery fell by Rs 102, or 1.82 percent, to Rs 5,498 per barrel in a business turnover of 6,275 lots. Analysts said trimming of positions by traders amid weak spot demand put pressure on prices. Globally, West Texas Intermediate crude for September contract in New York was trading 0.11 percent higher at $62.87 per barrel, while Brent crude for October contract fell 0.03 percent to $65.83…
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Assam plans tourism circuit in Bongaigaon featuring waterfalls, hills, and Kakoijana Forest

Assam plans tourism circuit in Bongaigaon featuring waterfalls, hills, and Kakoijana Forest

In an effort to promote important local attractions, Assam Tourism and Panchayat & Rural Development Minister Ranjeet Kumar Dass announced plans on Sunday to create a tourism circuit in Bongaigaon. The proposed circuit would include the Borjhora waterfalls, the Nakakati hill view, and the Kakoijana forest, which is well-known for its golden langurs. Speaking to the media, Dass also disclosed a plan to improve tourist management in the area by moving the Assam tourist Department office from Siliguri to Bongaigaon. Dass opened the Kamatapur Autonomous Council's new gate at North Salmara earlier in the day. He then called a review…
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Indian Railways launches biodegradable bedroll bags on Independence Day

Indian Railways launches biodegradable bedroll bags on Independence Day

In a significant step towards more ecologically friendly train travel, the Northeast Frontier Railway (NFR) and the Indian Institute of Technology (IIT) Guwahati have partnered to replace traditional plastic bedroll bags on trains with biodegradable ones. The program was officially launched on August 15, which is India's Independence Day. Approximately 40,000 environmentally friendly bags were delivered by 25 trains that left from major ports in Assam, West Bengal, Bihar, Tripura, and Arunachal Pradesh. The in-house research team at IIT-Guwahati created the bags, which are completely compostable and made to break down swiftly without endangering the environment. Instead of using single-use…
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Vishal Mega Mart shares upgrade 8% to all-time high on strong earnings

Vishal Mega Mart shares upgrade 8% to all-time high on strong earnings

Vishal Mega Mart shares hit an all-time high on Thursday, August 14, after the company announced stellar June quarter results. Vishal Mega Mart on Wednesday reported a 37.2% year-on-year rise in its consolidated net profit to ₹206 crore in the first quarter of financial year 2025-26 (Q1FY26). Its profit stood at ₹150 crore in the same period of the previous fiscal. The rise in its profit was due to improved cost efficiency across all regions and the benefits of operating leverage that came with its expansion. The company's revenue from operations during the quarter under review grew 21% year-on-year to…
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Aditya Birla Lifestyle Q1 profit upgrade 5%

Aditya Birla Lifestyle Q1 profit upgrade 5%

New Delhi: Aditya Birla Lifestyle Brands Ltd (ABLBL) on Wednesday reported that its consolidated net profit rose 4.92 per cent to Rs 24.06 crore in the June quarter of FY26. It had reported a net profit of Rs 22.93 crore in the April-June period a year ago, according to a regulatory filing by the Aditya Birla Group, formed after the split of the Madura Fashion & Lifestyle business. This is the first quarterly result of ABLBL, which was listed on the bourses on June 23, 2025, after the split. ABLBL's operating revenue grew 3.14 per cent to Rs 1,840.58 crore…
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Assam women’s group slams firearms plan, warns of civil unrest and gender violence

Assam women’s group slams firearms plan, warns of civil unrest and gender violence

The Nari Nagarik Manch, an apolitical women's collective in Assam, has strongly opposed the state government's plan to license firearms to "indigenous people" in areas that are considered vulnerable. The group warned that decades of peace could be undone by the action. Most of Assam has been peaceful since the conclusion of the militancy in 2009–2010. When weapons reached non-state actors, the Manch fear a recurrence of the bloodshed that occurred in Manipur. About 30 members decided to ask the President, Prime Minister, and Chief Minister Himanta Biswa Sarma to cancel the idea. Through a PIL, they can also petition…
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SECI profit upgrade 15% to Rs 502 crore in FY25

SECI profit upgrade 15% to Rs 502 crore in FY25

New Delhi, State-owned Solar Energy Corporation of India (SECI) on Monday reported a 15 percent rise in its net profit to Rs 501.92 crore in FY2024-25, mainly on the back of higher revenues. As per the audited standalone financial results for the year ending March 31, 2025, SECI has recorded revenue from operations of Rs 15,185.10 crore and profit after tax (PAT) of Rs 501.92 crore, the company statement said. In comparison, it reported that SECI's revenue from operations for FY2023-24 stood at Rs 13,035.07 crore and profit after tax at Rs 436.03 crore. Santosh Kumar Sarangi, Secretary, Ministry of…
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