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The Royal Government of Bhutan and the World Bank today signed financing agreements totaling $515 million for the 1,125 MW Dorjilung Hydroelectric Power Project, which will account for about one-third of the Kingdom’s total energy generation, drive economic growth through access to affordable electricity and clean energy exports, and create new jobs. "The Dorjilung Hydroelectric Power Project is a cornerstone of Bhutan’s 13th Five-Year Plan and will be the Kingdom’s largest hydropower project developed under a public-private partnership. This transformational investment will supply clean energy, spur economic growth, and advance our carbon-negative commitment," said Dasho Tshering Tobgay, Prime Minister of…

State Bank of India (SBI), the nation’s largest lender, reported a 5.6% year-on-year increase in its net profit for the fourth quarter ended March 31, 2026. The bank’s profit after tax rose to ₹19,684 crore ($2.08 billion), up from ₹18,643 crore in the corresponding period last year. Despite the growth, the figure fell short of analysts' average expectations, which had projected a net profit of approximately ₹20,312 crore. The bank's Net Interest Income (NII)—the difference between interest earned and interest expended—climbed by 4.1% to reach ₹44,380 crore. While the NII showed a steady increase from the ₹42,617 crore reported a…

Lenskart shares had a volatile trading session on Friday and recovered by more than 5% from their intraday lows after a huge block deal of Rs 5,316 crore. The stock initially dropped, down almost 1% in early trading after news broke that a large chunk of equity - more than 6% of the company - was changing hands. The initial selloff was quickly met with strong buying interest at lower levels, suggesting institutional investors saw the large-scale transaction as an attractive entry point rather than a reason for sustained alarm. A block deal was for a large stake to be…

Mumbai-based Godrej Enterprises Group is strengthening India’s aero engine and aerospace manufacturing capabilities through advanced precision engineering and fresh investments aimed at boosting indigenous production. The company on Tuesday said it is the only private firm in India with the capability to manufacture all modules of an aero engine, supporting the country’s Atmanirbhar Bharat mission. The aerospace business of the group, established in the 1980s, currently works with major global aerospace companies including Boeing, Safran Aircraft Engines, GE Aerospace, Rolls-Royce and RTX. The company reported nearly 25 per cent year-on-year growth, while exports rose by more than 30 per cent,…

TVS Motor Company has expanded its electric scooter lineup with the launch of the new TVS iQube S 4.7 kWh variant, aimed at strengthening its presence in India’s growing electric mobility market. Priced at ₹1,37,142 (effective ex-showroom Delhi, including central and state subsidies), the new scooter offers an IDC-certified riding range of 175 km on a single charge. The company said the upgraded 4.7 kWh battery has been designed to support both daily commuting and longer rides with improved convenience and confidence for riders. The latest addition to the iQube portfolio comes with three colour options — Magnificence Purple Beige,…

Nissan Motor India has launched a nationwide AC Check-up Camp across its authorised service network to help customers prepare their vehicles for the peak summer season. The campaign, which began on May 6, will continue until June 15, 2026, covering 125 authorised service touchpoints across India. Under the initiative, Nissan’s trained service professionals will carry out a 12-point AC inspection aimed at ensuring optimum performance of vehicle air-conditioning systems during the summer months. Customers visiting the service centres will also receive complimentary top wash facilities and pick-up and drop-off services. The company said customers can additionally avail up to 10…