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  • DEVI Sansthan empowers 1500 government primary teachers for NIPUN Bharat goals in Lucknow

    DEVI Sansthan

    Lucknow 12th July 2024: ALfA FLN (Accelerated Learning for All) Teacher Empowerment Program conducted by DEVI Sansthan from July 9 to July 12, 2024, at City Montessori School, LDA Kanpur Road, Lucknow empowered 1500 government primary school teachers from four blocks of Lucknow, Malihabad, BKT, Zone 2, and Mohanlalganj. The goal of this massive effort is to make all the children of these blocks Foundationally Literate and Numerate as per NIPUN Bharat Mission, which is already beyond half-time in its deadline of 2026/27. It covers ALL primary school children of these blocks of Lucknow in the new groundbreaking program and ALfA pedagogy that is making children literate and numerate in just 45 days.

    The program was graced by the honorable presence of Chief Guest Shri M K Shanmuga Sundaram, Principal Secretary Education, Uttar Pradesh, and Guest of Honor IAS Shri Awanish Awasthi, Chief Advisor to Hon’ble CM, Uttar Pradesh, and Dr Bharti Gandhi, Founder Director, City Montessori School. Shri Awanish Kumar Awasthi while addressing the gathering highlighted, “The government is committed to supporting innovative educational initiatives that foster foundational literacy and numeracy skills among young learners paired with vocational skills. Shri M K Shanmuga Sundaram further added” Innovative methods like ALfA play a critical role in enhancing the quality of education and help in achieving the NIPUN goals ahead of the 2026/27 deadline. With the tagline Our Children Number One and Second To None, we hope to make the children literate at a faster rate. We are also focused on improving the infrastructure of schools in the region to create a conducive learning environment.

    The event was also attended by notable dignitaries, Dr Geeta Gandhi Kingdon, Manager, City Montessori School, Shri Ram Prawesh, BSA, Lucknow, Shri Awadhesh Shukla, DC Training, and the Block Education Officers (BEOs) and School Resource Group (SRG) members of all four blocks. Their active participation highlighted the collaborative effort required to bring about meaningful changes in the education sector.

    The ALfA FLN empowerment session began with the traditional lighting of the lamp, symbolizing the light of knowledge and learning. Dr. Bharti Gandhi, Founder Director, of City Montessori School, and Dr. Sunita Gandhi, the founder of DEVI Sansthan, welcomed the guests and teachers, setting the tone for the event with their inspiring words about the transformative power of education and their role as galvanizers in the education system.

    Dr. Sunita Gandhi, Founder DEVI Sansthan shared, “Implementing ALfA learning by Government primary schools in Uttar Pradesh is a step in the right direction in nurturing and accelerating the learning capacity of the young minds. With such regular programs, we hope to empower more teachers from other parts of the country.”

    Throughout the four days, the auditorium was abuzz with enthusiastic teachers actively participating in hands-on activities and stage demonstrations. The training program was designed to ensure maximum involvement of teachers in each activity, fostering a practical understanding of the ALfA pedagogy. The program also included daily quizzes to review key points and were provided literacy and numeracy program kits for their schools, ensuring that teachers retained the knowledge gained during the sessions. Feedback sessions allowed teachers to share their experiences and takeaways, fostering a collaborative learning environment.

    The ALfA FLN Teacher Empowerment Training Program concluded with a renewed sense of commitment and enthusiasm among the teachers. The event not only provided them with valuable ALfA tools and techniques but also reinforced the importance of their role as galvanizers in shaping the future of education in Uttar Pradesh.

    DEVI Sansthan extended its heartfelt gratitude to all the dignitaries, guests, and teachers who made the event effective and for their continued collaboration and support in the mission to transform education and help achieve NIPUN Bharat goals well ahead of time.

  • Vizhinjam Port to help put India on top of global maritime map: Sarbananda Sonowal

    PORT

    IANS

    India’s maritime sector is set to witness a significant transformation with the development of the Vizhinjam Port in Kerala. Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, lauded the Adani Group for their commitment and perseverance in developing a world-class port in Kerala. The minister officially welcomed the first mothership at the Vizhinjam Port, marking a new era in India’s maritime history.

    Vizhinjam International Seaport, India’s first deep-sea international container transhipment terminal, is expected to set a new benchmark in port operations. The port’s strategic location, close to the international EXIM Trade lanes, and its deep draught facility offer many operational benefits that will help position the port as a preferred destination for shipping lines and EXIM traders.

    The minister expressed confidence that the port’s capability to service mega-size container vessels, along with other services it offers, will provide stiff competition to existing transhipment hubs like Colombo and Singapore. He also highlighted the port’s potential to offer a viable alternative and an option to major shipping lines to mitigate disruptions in the global supply chain, especially in the emerging geo-political scenario impacting maritime trade.

    Malabar operations

    Creative commons

    The arrival of the first mother ship at the Vizhinjam Port has catapulted India into the world port business. The port is expected to rank 6th or 7th globally, marking a significant achievement for the country. The second and third phase of the project is planned to be completed in 2028, and the port is set to be one of the greenest ports in the world.

    By 2028-29, when all four phases of this project are completed, the Kerala government and Adani Vizhinjam Port will have invested a total of Rs 20,000 crore in this outstanding example of a large-scale PPP project. This investment is expected to boost the local economy, creating over 5,500 additional direct and indirect employment opportunities by 2029.

    The development of Vizhinjam Port is a testament to the successful Public Private Partnership between the Centre, the private sector, and the State. It demonstrates how such collaborations can unleash the tremendous potential of the maritime sector, contributing to the country’s economic growth and development.

    navy

    The port’s strategic location and modern infrastructure are expected to reduce logistics costs, save transit time, and reduce India’s dependence on foreign transhipment ports. This aligns with the country’s broader vision of becoming a key player in the global maritime sector.

    The Vizhinjam Port project is a perfect example of PM Modi’s ‘Maritime Amrit Kaal 2047’ vision. The project has already created over 2,000 direct and indirect jobs in construction, operations, and other segments. With the wide-ranging developments planned, the port is expected to create more than 5,500 additional direct and indirect employment opportunities in Vizhinjam.

    The port is also focusing on ancillary developments in the immediate neighbourhood, including a modern fishing harbour, bunkering facilities, an outer ring road to serve the area, a seafood park, cruise tourism facilities, and an industrial corridor along with port development. These developments are expected to spur economic growth in the region and beyond.

    INS Imphal commissioned into Indian Navy

    IANS

    The Vizhinjam Port project is a significant milestone in India’s maritime history. It not only enhances the country’s position on the global maritime map but also contributes to local economic development and job creation. The project is a testament to the successful collaboration between the public and private sectors, setting a benchmark for future infrastructure projects in the country. The port’s strategic location, modern infrastructure, and the potential to create thousands of jobs underscore its importance as a key player in India’s maritime sector and its potential to drive economic growth in the region.

  • 3 Students From Orchids The International School To Represent India At The International Archery Championship In Nepal


    From Left to Right
    Shreen Nalawade, Aayush Shetty and Shourya Sahastradutdhe being facilitated by Orchids The International School

    Aayush Shetty from Grade 2, Shreen Nalawade from Grade 4, and Shourya Sahastradutdhe from Grade 8 from Sus Road Campus have won Gold, Silver, and Bronze medals in their respective categories at the All India Youth & Sports Activities Association National Level Championship 2024 in Goa.

    PUNE: Students’ from Orchids The International School, Sus Road Campus-Pune participated in an Archery competition and emerged victorious at the All India YSAA National Level Championship 2024 which was held in Goa recently. Aayush Shetty, Shreen Nalawade, and Shourya Sahastradutdhe have achieved outstanding positions at the National Level which saw participation from athletes across the country. The Trio Orchidians have qualified for the  International Archery Championship, which will be held in Nepal in August 2024.

    Aayush Shetty, a Grade 2 student, won a Gold medal in the Under 10 Boys category, and Shreen Nalawade, a Grade 4 student, bagged a Silver medal in the Under 10 Girls category and Shourya Sahastradutdh, a Grade 8 student, secured a Bronze medal in the Under 14 boys category. Representing Maharashtra state in the National Level Championship, the trio showcased their extraordinary skills in Archery and was applauded by the judges.

    Dr. Madhuri Sagale, VP of Academics-Sports, Orchids The International School, congratulated the student’s achievers and expressed her thoughts on nurturing young talents, “Heartiest congratulations to our young archers – Aayush, Shreen, and Shourya, on their outstanding achievement at the National Level Archery Championship! This achievement is a shining example of what can be accomplished when talent, hard work, and the right guidance come together. Our students have not only made the school proud but have also inspired their peers to strive for excellence. As we celebrate their success, we also recognize the importance of sports education in developing essential life skills like discipline, focus, and teamwork. The achievement highlights the effectiveness of Orchids The International School’s sports curriculum in nurturing young talent and preparing them for National and International competitions.

    We look forward to supporting our students in their future endeavors and creating a legacy of excellence in sports.”

    Speaking on her students’ achievement, Rekha P, Principal of Sus Road campus said, “We are immensely proud of our students’ achievements and wish them continued success in their future endeavors. Their dedication and hard work serve as an inspiration to all students at Orchids International School. Their victory is not only a testament to their talent but also to the rigorous training and support provided by Orchids’ school. We wish them to come out with flying colors at the International level and make the country proud.”

    The students were trained and mentored by Trupti Shinde, Physical Education Teacher of Orchids The International School, Sus Road campus, Pune. Her competency and knowledge in archery resulted in the students’ stellar performance at the National Level Archery Championship.

    Extending her congratulations, Trupti Shinde, Physical Education Teacher of Orchids The International School, Sus Road campus, Pune added, “It’s a moment of immense pride to see my students excel at the National Level Archery Championship! Aayush, Shreen, and Shourya have shown tremendous dedication and passion for the sport, and their medals are a testament to their hard work. As their coach, it’s been an absolute pleasure to guide them and watch them grow. Now, our focus shifts to the international championship, and we will intensify our training sessions to fine-tune their skills and prepare them for the global stage.”

    Orchids The International School’s holistic approach remains focused on creating each student’s inquisitive spirit by offering activities that go beyond classroom learning. This remarkable achievement highlights the effectiveness of schools’ sports curricula in nurturing young talent.

  • India’s Industrial Sector Shows Promising Growth

    INDUSTRY

    India’s industrial sector has shown a promising growth trajectory, with the Index of Industrial Production (IIP) rising by 5.9% in May 2024, compared to the same month in the previous year. This data, released by the Ministry of Statistics, indicates a significant acceleration from the 5% growth recorded in April 2024. The growth in the IIP is a comprehensive indicator of the performance of various sectors within the economy, including mining, manufacturing, and electricity.

    In May 2024, these sectors demonstrated robust growth rates of 6.6%, 4.6%, and 13.7% respectively, compared to the same month in the previous year. Within the manufacturing sector, the top three contributors to the IIP growth were Manufacture of basic metals (7.8%), “Manufacture of pharmaceuticals, medicinal chemical and botanical products” (7.5%), and Manufacture of electrical equipment (14.7%). These figures underscore the vitality of these industries in driving India’s industrial growth.

    The data also revealed an encouraging trend in consumer durables such as refrigerators, washing machines, and TVs, with output surging by 12.3%. This surge is a positive sign of demand for these goods picking up in a growing economy. However, the production of capital goods, which reflect the real investment taking place in the economy, grew at a slower pace of 2.5%.

    Reliance Retail takes aim at Hamleys

    The output of non-durable consumer goods such as soaps and cosmetics grew by 2.3%. Goods related to infrastructure and construction saw a marginal growth of 6.9% in May 2024. The factory output growth, measured in terms of the IIP, had grown by 5.7% in May 2023.

    The IIP growth is a significant economic indicator as it provides a snapshot of the level of economic activity in the industrial sector of the economy. A rising IIP indicates an increase in production which leads to job creation and income generation, thereby leading to an increase in consumer spending, which further stimulates economic growth.

    The growth in IIP also has implications for India’s inflation rate. According to data released by the National Statistical Office (NSO), India’s consumer inflation in June 2024 stood at 5.08% against 4.8% in May. However, the June inflation is the highest in four months, two government data showed on Friday.

    India industry

    [Representational Image]Reuters file

    The rise in inflation can be attributed to the increase in demand for goods and services as the economy grows. However, it is important to note that a moderate level of inflation is considered healthy for the economy as it indicates that the economy is growing at a healthy pace.

    The growth in India’s IIP in May 2024 is a positive sign for the economy. It indicates a robust industrial sector, driven by strong performances in mining, manufacturing, and electricity. This growth, coupled with a moderate rise in inflation, suggests a healthy economic environment. However, it is crucial to continue monitoring these indicators to ensure sustainable economic growth. The data underscores the importance of these sectors in driving India’s economic growth and highlights the need for continued investment and policy support to sustain this momentum.

  • Barbeque Nation Unveils ‘Mood-e-Monsoon’: A Culinary Celebration Of The Rainy Season On The Plate


    Barbeque Nation Unveils ‘Mood-e-Monsoon’

    Launches a specially curated menu with Monsoon delicacies across its network this July.

    INDIA: As the pitter-patter of raindrops fills the air, Barbeque Nation (https://www.barbequenation.com), India’s favorite casual dining restaurant chain, is delighted to launch its latest adventure: the ‘Mood-e-Monsoon’ festival. This immersive culinary experience captures the cozy essence of the rainy season through a carefully curated menu of comfort foods and seasonal specialties. Commencing on July 10th and running through July 31st, 2024, the Monsoon Festival promises an unforgettable dining experience at Barbeque Nation restaurants across India. 

    The specially curated menu features an array of dishes perfectly suited for rainy-day cravings. Embark on a flavor safari with Grilled Bhutta, the ever-energizing Mix Pakoda Platter, and the legendary Fish Amritsari. These monsoon favorites are joined by a delectable line-up featuring the classic Chana Chaat, Egg Pakoda, Masala Peanut, and the ever-popular Chicken Pakoda. To perfectly complement the monsoon mood, the festival boasts a selection of refreshing dishes like Chicken Fried Momos and Channa Dal Wada. As a sweet finale, don’t miss the Hot Jalebi, a traditional monsoon dessert guaranteed to awaken your taste buds and complete your culinary adventure.

    Rahul Agrawal, CEO of Barbeque Nation, expressed his enthusiasm: “Our ‘Mood-e-Monsoon’ festival is designed to evoke the warmth and nostalgia associated with rainy days. We’ve reimagined classic monsoon treats alongside innovative new offerings to create a truly memorable dining experience. Each dish is a delightful combination guaranteed to leave you wanting more. We look forward to welcoming our guests as we celebrate the onset of the Indian Monsoon season“

    The ‘Mood-e-Monsoon’ festival will be available at Barbeque Nation outlets across India, inviting diners to experience the joy of monsoon cuisine in a warm, inviting atmosphere. To see the list of restaurants running this festival, and to experience the monsoon treats, book your table at: https://www.barbequenation.com/restaurants

  • Sensex down 510 points, trades lower amid profit booking in largecaps

    sensex

    India equity indices opened in the red on Friday following profit booking in largecap stocks. At 9:50 a.m., Sensex was down 510 points or 0.64 per cent at 79,538 and Nifty was down 88 points or 0.36 per cent at 24,214. Broader markets are in an uptrend.

    On the National Stock Exchange (NSE), 1213 shares are in the green and 1001 shares are in the red. Buying is seen in the smallcap and midcap stocks. The Nifty midcap 100 index is up 60 points or 0.11 per cent at 56,679 and the Nifty smallcap 100 index is up 47 points or 0.25 per cent at 18,840.

    In the Sensex pack, HUL, L&T, JSW Steel, Wipro, Sun Pharma, NTPC and SBI are the top gainers. HDFC Bank, M&M, Tata Steel, Titan, Power Grid, and Bajaj Finance are the top losers. Banking stocks are leading the market fall.

    sensex

    IANS

    Nifty Bank is down more than 700 points. Deven Mehata, Research Analyst at Choice Broking said, “Nifty can find support at 24,200 followed by 24,100 and 24,000. On the higher side, 24,400 can be an immediate resistance, followed by 24,450 and 24,500.”

    Mixed trading is taking place in the markets of Asia. Tokyo, Shanghai, and Hong Kong are in the red. Jakarta, Bangkok and Seoul are in the green. The US markets were closed on Wednesday.

    The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 2,575 crore on July 4, while domestic institutional investors extended their selling as they sold equities worth Rs 2,375 crore. 

    (With inputs from IANS)

  • 28 Orchids International School Students Secure CSIR Summer

    12th July 2024: In a significant stride to bolster ideation, scientific exploration and innovation, total 28 students from Orchids The International School have secured summer internships at the Council of Scientific & Industrial Research (CSIR). These internships are a result of the students’ outstanding submissions to the CSIR Jigyasa EPIC Hackathon 2024. Out of 960 overall submissions across the country, 42 projects were chosen nationwide in the Grade 7-9 category. Out of this, 14 projects were selected from Orchids International School. Around 28 students, forming a group of duo, students worked on 14 different projects under two categories namely One Health and Clean and Green Energy with the guidance and mentorship of the Academic department of the school.

    CSIR Pic 6

    The students from Bangalore, Pune, Mumbai, Indore, Jaipur and Chennai region were selected for this internship.

    CSIR has introduced the “Empowering Pupil Innovation and Creativity (EPIC)” initiative under its flagship CSIR-Jigyasa outreach program for school students. EPIC is designed to cultivate a culture of curiosity, innovation, and scientific temper among students, empowering them to address national challenges through science and technology. The CSIR Jigyasa EPIC Hackathon 2024 epitomizes this mission, providing students with a platform to develop innovative solutions for societal issues through science and technology.

    Kavita Chatterjee, Senior VP Academics, Orchids The International School said “Congratulations to all the 28 students who have been selected at India’s prestigious CSIR Institute. Through this internship, students will embark on an exciting journey of ideation, scientific exploration, and innovation, presenting their work in the form of ideas, designs, prototypes, technology, and smart apps aimed at solving societal challenges. We are immensely proud of our students for their dedication and ingenuity. Their success at the CSIR Summer Internship Programme underscores the school’s commitment to nurturing young minds and fostering a spirit of innovation and scientific inquiry.”

    During this two-month internship period which starts from July, CSIR will provide resources and expert assistance to help the students execute their respective projects. The students will also visit the labs in a hybrid model to work on their projects, gaining a holistic educational approach, invaluable hands-on experience, and mentorship from leading scientists.

  • DPU Super Specialty Hospital At Pimpri In Pune Launches Pune’s First Institute For Robotic Thoracic Surgery


    DPU Super Specialty Hospital, Pimpri, Pune

    PUNE: In a move to strengthen the healthcare ecosystem of Pune and Maharashtra at large, DPU Super Specialty Hospital, Pimpri, Pune, pioneers another achievement by launching the first dedicated Institute of Robotic Thoracic Surgery in the city and the second across Maharashtra. This Centre of Excellence was launched under the aegis of Dr. Bhagyashree P. Patil, Pro-Chancellor, Dr. D.Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune; and at the hands of Dr. Aneez D.B. Ahmed, Director & Senior Consultant Robotic Thoracic Surgery, Singapore.

    Honoring the event with their esteemed presence were Dr. Yashraj Patil, Trustee & Treasurer; Dr. D.Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune; Dr. J.S. Bhawalkar, Dean, Dr. D. Y Patil Medical College, Hospital and Research Centre, Pune; Dr. H.H. Chavan, Medical Superintendent, Dr. D. Y. Patil Medical College, Hospital and Research Centre, Pune; and Dr. Manisha Karmarkar, CEO, DPU Super Specialty Hospital, Pimpri, Pune. Senior medical experts of the hospital including Dr. Rahul Kendre, Lung Transplant Physician and Interventional Pulmonologist; Dr. Sameer Chauhan, Minimally Invasive & Robotic Surgeon, who will be leading the unit under the tutelage of Dr. Anurag Garg, HOD, Cardiothoracic Surgery. Also present were other dignitaries from the senior management of DPU Super Specialty Hospital, Pimpri, Pune to commemorate the occasion.

    This newly launched Centre of Excellence will primarily offer minimally invasive thoracic surgeries including Video-Assisted Thoracic Surgeries (VATS) and Robotic-Assisted Thoracic Surgeries (RATS) for several complexities including lung tumors, tumors in the chest wall, anterior and posterior mediastinal tumors, and bullous disease of lungs and thymoma.

    The commencement of this unit is in response to the need for a state-of-the-art dedicated robotic thoracic surgery department as there are just a handful of centers equipped to perform this nature of surgery across the state and country at large. This Centre of Excellence launched at DPU Super Specialty Hospital, Pimpri, Pune, is backed by a world-class robotic system – 4th Generation Da Vinci Xi, which will be used to perform the surgeries and is the most revered and established surgical robotic system across the globe with a proven track record. 

    The launch of this dedicated department of robotic thoracic surgery will benefit the patients of Pune and neighborhood cities like Satara, Sangli, Kolhapur, and Nashik as they will be able to access this world-class treatment facility without having to travel to distant cities or states. The OPD for consultation will be hosted from Monday to Friday at DPU Super Specialty Hospital, Pimpri, Pune and patients will be attended to on an appointment basis to enable a seamless experience.

    Commenting on the launch, Dr. P.D. Patil, Chancellor, Dr. D.Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune, said, “We aim to establish Pune as a leading destination for healthcare tourism by creating an all-inclusive healthcare infrastructure for the benefit of our citizens. This landmark development is a significant move that honors this commitment and addresses the demand for a state-of-the-art robotic thoracic surgery department, benefiting Pune and neighboring cities. Going forward, we are dedicated to continually upgrading and strengthening our infrastructure with cutting-edge technology in the best interest of our city and people.”

    Dr. Bhagyashree Patil, Pro-Chancellor, Dr. D.Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune, commented “We as a leading healthcare institute are driven to be on our front foot when it comes to enabling a robust infrastructure and world-class treatment facilities in the best interest of our citizens. The launch of this new Centre of Excellence about Robotic Thoracic Surgeries is a strong testament to our commitment and we are overjoyed to bring this one-of-a-kind world-class procedure to the people of Pune and Maharashtra at large.”

    Dr. Yashraj Patil, Trustee & Treasurer, Dr. D.Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune, commented “The launch of a dedicated department for robotic thoracic surgery was the need of the hour and we are proud to pioneer another major landmark in the history of Pune’s medical landscape. Being a leader in healthcare, we strive to go a notch higher when it comes to building a holistic medical infrastructure and promoting patient-centricity across levels. This move reflects our commitment to the same.”

    Dr. Manisha Karmarkar, CEO, of DPU Super Specialty Hospital, Pimpri, Pune, stated “As the pioneers to bring the world’s best robotic surgical system to Pune, we are excited to add another feather of remarkable achievement to our hat with this launch. Our focus remains persistent on providing the most advanced and quality healthcare amenities with patient-centricity as the core belief.”

    Dr. Aneez D.B. Ahmed, Director of Robotic Thoracic Surgery, said “This innovative Robotic Thoracic Surgery Department offers numerous advantages, such as performing highly intricate surgeries through smaller incisions and providing a 3D magnified view for better pathology localization, thus enhancing precision and efficiency as compared to traditional methods. Going forward, our vision is to start a dedicated cardiothoracic robotic surgery program.”

    Dr. Sameer Chauhan, Minimally Invasive & Robotic Surgeon, DPU Super Specialty Hospital, Pimpri, Pune, stated, “This move will provide ample benefits to patients, right from reduced need for blood transfusions, minimal complications resulting in faster recovery times, allowing them to resume normal activities sooner. We extend our sincere thanks to the leadership of DPU Super Specialty Hospital, Pimpri, Pune, for empowering us with this first-of-its-kind department in Pune, which will help deliver significant benefits to patients in need.”

  • Markets at new all-time high, Nifty trades above 24,500 for first time

    Markets at new all-time high, Nifty trades above 24,500 for first time

    IANS

    India equity benchmarks are trading at record highs on Friday following buying in the IT stocks.

    Sensex and Nifty both made new all-time highs of 80,893 and 24,592 respectively.

    At 12.50 a.m., Sensex was at 80,482, up 585 points or 0.73 per cent, and Nifty was up 172 points or 0.71 per cent, at 24,488.

    Midcap stocks are underperforming compared to large caps. Nifty midcap 100 index is down 70 points or 0.12 per cent, at 57,077. While Nifty smallcap 100 index is up 54 points or 0.29 per cent, at 18,974.

    Market

    IANS

    Among the sectoral indices, Nifty IT is at 38,985 with a gain of 4.44 per cent. Apart from this, there is also a rise in media, fin service, service sector, and private bank indices.

    In the Sensex pack, TCS (6.5 per cent), Wipro (4.75 per cent), Infosys (3.39 per cent), Tech Mahindra (3.17 per cent) and HCL Tech (3.08 per cent) are the top gainers. NTPC, Maruti Suzuki, UltraTech Cement, Kotak Mahindra Bank, Asian Paints and Sun Pharma are the top losers with a fall of about half a per cent each.

    The country’s largest IT company Tata Consultancy Services (TCS) released the results of Q1 FY 25 on Thursday. The company’s profit has increased to Rs 12,040 crore on an annual basis. Between April and June, IT major’s income increased by 5.4 per cent on a YoY (year on year) basis to Rs 62,613 crore. The company had also declared an interim dividend of Rs 10 per share to investors.

    Shrey Jain Founder and CEO of SAS Online said, “Overall, the market is demonstrating strong resilience, with investors eagerly buying on price dips. Today’s market movements will be influenced by the US inflation data released yesterday.”

    (With inputs from IANS)

  • Automobile sales jump in Q1 FY25 over economic growth, rural demand: SIAM

    New Delhi, July 12: Riding on overall economic growth, especially in the rural markets, the Indian automobile industry saw a robust performance across all segments in the first quarter of the current fiscal (FY25), including passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers, data released by the Society of Indian Automobile Manufacturers (SIAM) said on Friday.

    In the passenger vehicles segment, sales surpassed one million units in Q1 FY25 for the first time.

    According to SIAM, sales grew by 3 per cent compared to the same period last year, reaching a total of 1,026,006 units.

    The growth was driven primarily by utility vehicles, which saw an 18 per cent increase, and even vans, which rose by 9.2 per cent.

    The two-wheeler segment also experienced substantial growth, with sales rising by 20.4 per cent to nearly five million units.

    Scooters led this charge with an impressive 28.2 per cent growth, while motorcycles and mopeds also posted significant increases.

    The three-wheeler segment saw a 14.2 per cent growth, reaching 165,081 units, the highest ever for Q1, driven by both passenger carriers and goods carriers.

    “The automotive sector shows resilience and adaptability, and is poised to continue its upward trajectory benefiting from both domestic demand recovery and favourable export conditions,” said SIAM President Vinod Aggarwal, citing positive monsoon forecasts and the festive season as potential growth drivers.

    Commercial vehicles also showed positive momentum with a 3.5 per cent increase in sales, totalling 224,209 units.

    In June, the Indian auto industry produced 2,336,255 units of passenger vehicles.

    When it comes to exports, passenger vehicle exports grew significantly by 18.6 per cent over the April-June period, with utility vehicles contributing a substantial 40.2 per cent.

    “The export of M&HCVs and LCVs grew by 11.3 per cent and 6.3 per cent respectively,” the report noted.