India's coal import bill falls by $7.93 billion as local production surges in FY25

IANS | May 27, 2025 6:49 PM

New Delhi, May 27 (IANS) India’s coal imports declined by 7.9 per cent to 243.62 million tonnes (MT) during financial year 2024-25 due to the increase in domestic production of the fossil fuel, resulting in a massive saving in foreign exchange to the tune of $7.93 billion (Rs 60681.67 crore) in the import bill, according to a Coal Ministry statement issued on Tuesday.

Maharashtra scraps Olectra order for 5,150 e-buses as firm fails to deliver

IANS | May 27, 2025 6:03 PM

Mumbai, May 27 (IANS) The price of Olectra Greentech Ltd shares plunged by as much as 14 per cent in the stock market on Tuesday to touch an intraday low of Rs 1,160 in morning trade, as the Maharashtra government decided to scrap the order for 5,150 electric buses placed with the company for the state transport service.

Akums’ profit falls nearly 33 pc sequentially in Q4, income dips too

IANS | May 27, 2025 5:17 PM

Mumbai, May 27 (IANS) Akums Drugs and Pharmaceuticals on Tuesday released the results for its fourth quarter (Q4), where the company posted 32.89 per cent drop in its net profit on a sequential basis to Rs 27.58 crore -- from Rs 41.16 crore in the December quarter (Q3).