Spright Agro profit zooms 46 pc in June quarter on higher revenue
The company reported revenue from operations of Rs 62.02 crore for the first quarter of 2025-26, a year-on-year growth of 17.38 per cent compared to Rs 52.88 crore reported in the first quarter of 2024-25, the company stated in a BSE filing.
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NDTV
22 minutes ago
- NDTV
After Aerospace, Quantum Computing Tussle Erupts Between Andhra Pradesh And Karnataka
Bengaluru: The two neighbouring states and the governments are at it once again. The competitive spirit between Andhra Pradesh and Karnataka has now spilled into the realm of quantum technology, with a fresh war of words erupting between the two neighbours over the title of hosting India's first homegrown quantum computer. On July 25, Andhra Chief Minister N Chandrababu Naidu took to social media platform X to announce that Amaravati would soon deploy "India's first indigenously built 8-qubit quantum computer" by November, in collaboration with Bengaluru-based firm QpiAI and under the aegis of the National Quantum Mission. "Andhra Pradesh is set to deploy India's first indigenously built 8-qubit quantum computer this November in Amaravati, with support from QpiAI. This initiative, backed by the National Quantum Mission, aims to transform agriculture, water management, and healthcare," Mr Naidu had said in the social media post. Andhra Pradesh is set to deploy India's first indigenously built 8-qubit quantum computer this November in Amaravati, with support from @QpiAI. This initiative, backed by the National Quantum Mission, aims to transform agriculture, water management, and healthcare. I would like... — N Chandrababu Naidu (@ncbn) July 24, 2025 However, the claim didn't sit well with Karnataka's Minister for Science and Technology, NS Boseraju, who has now countered the post with a rebuttal. Mr Boseraju clarified that the first homegrown quantum computer by QpiAI has been operational in Bengaluru since April. "For the record: India's first Quantum computer built indigenously by QpiAI right here in Bengaluru, Karnataka began its commercial operations in April 2025. Let us stay rooted in facts and truth while celebrating progress," Mr Boseraju said. For the record: India's first Quantum computer built indigenously by @QpiAI right here in Bengaluru, Karnataka began it's commercial operations since April 2025. This 25 Qubit Quantum computer named "INDUS" is already delivering real-world services in sectors like healthcare,... — N.S Boseraju (@NsBoseraju) July 25, 2025 Not long ago, Andhra and Karnataka were caught in a similar standoff over claims relating to aerospace manufacturing supremacy, with both governments projecting their states as the future for India's aerospace industry. Just a few days ago, minister Nara Lokesh had invited aerospace industries to invest in Andhra after the Karnataka government had to call off land acquisition in Devanahalli following protests by local farmer groups. "Dear Aerospace industry, sorry to hear about this. I have a better idea for you. Why don't you look at Andhra Pradesh instead? We have an attractive aerospace policy for you, with best-in-class incentives and over 8000 acres of ready-to-use land (just outside Bengaluru)! Hope to see you soon to talk across the table," he had said. This was countered by several ministers in Karnataka who defended how the state has a ready ecosystem for aerospace industries. "This is not just about land, this is an entire ecosystem that we provide, that's why top companies like Boeing, Lockheed Martin etc prefer Bengaluru. If not Devanahalli, we will provide land elsewhere. I want to tell Nara Lokesh, he is looking to fish in troubled waters, but we will protect our interests," Industries Minister MB Patil had told NDTV.
Time of India
29 minutes ago
- Time of India
Capex push: Nirmala Sitharaman calls it ‘primary driver of sustained growth'; says ‘we have to have capital expenditure grow'
File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India's foremost priority. She also underlined that the government will continue to rely on increased public capital expenditure as a major tool to drive development. Speaking at a book launch event in New Delhi, Sitharaman said, 'To maintain the growth is the topmost priority. Growth is the topmost, and therefore, it will have an overlap with how you create jobs…', as per news agency PTI. Her comments come at a time when India's economy is projected to grow at 6.5 per cent in FY25, the slowest pace in four years, down from 9.2 per cent growth in FY24. As per PTI, the Reserve Bank of India has trimmed its GDP growth forecast for the current financial year to 6.5 per cent, down from an earlier estimate of 6.7 per cent. The Economic Survey has pegged growth for FY26 in the range of 6.3 per cent to 6.8 per cent. The finance minister highlighted that capital investments by the government will continue to be central to economic momentum. 'Public investments have kept pace. It has been Prime Minister Narendra Modi's clear instruction that we have to have capital expenditure grow and grow significantly,' she said, adding that such investments are a 'primary driver of sustained economic growth'. Sitharaman also said that India must remain relevant globally and aim for a leadership role, especially by reshaping the voice of the Global South. At the same time, balancing domestic economic ambitions within the limits of fiscal responsibility is also a key area of focus, she noted. She further pointed to the government's efforts to attract more foreign investments, stressing the importance of a favourable FDI regime and highlighting the healthy competition among Indian states in luring global investors. On trade, Sitharaman indicated a shift towards bilateral deals over multilateral arrangements. 'We have seen bilateral agreements being signed in the last four to five years with Australia, UAE and the UK. Negotiations are progressing well with the United States as well as the European Union,' she said, as per PTI. Speaking on India's relations with China, she said that there were initial signs of improvement following external affairs minister S Jaishankar's recent visit. 'There is something, some kind of a beginning… how far it will go is something we will have to wait and see,' she remarked, while also stressing the need for 'a sense of caution'. The remarks were made during the release of the book 'A World in Flux: India's Economic Priorities.' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
40 minutes ago
- Time of India
'Historic' FTA with Britain shows world's trust in India: PM Modi
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Prime Minister Narendra Modi on Saturday described the recently concluded FTA between India and UK as 'historic,' and said the trade pact showed the world's trust in the regards Operation Sindoor , he said weapons manufactured under the 'Make in India' initiative played a great role during the cross-border military offensive in destroying enemy targets and made enemies lose PM inaugurated, laid foundation stones and dedicated projects worth Rs 4,900 crore here and underscored the NDA government's commitment towards Tamil Nadu's his address after inaugurating the projects, Modi said he was blessed to directly land in Tamil Nadu after completing his foreign tour during which the India-UK Free Trade Agreement was signed before his visit to the trade pact with Britain was 'historic.'"India and Britain signed a FTA. This shows the growing trust of the world and our self-confidence. We will make Viksit (developed) Bharat and Viksit Tamil Nadu with this self-confidence," Modi said."FTA with Britain adds pace to our vision of Viksit Bharat , Viksit TN," the PM, clad in a traditional veshti (dhoti), shirt and an 'angavastram' worn around the neck, said. He landed here directly after wrapping up his official tour of the Maldives."After the FTA, there will be no tax on 99 per cent of Indian products being sold in Britain. If Indian products are cheap, the demand will grow there and this will lead to more production opportunities in India. Due to this FTA, TN youth, small businesses, MSMES, startups will get big benefits," he a developed India and Tamil Nadu, he said, "infrastructure and energy are the backbone of any state's development; our focus on infrastructure and energy in last 11 years shows our commitment to TN's growth."The NDA government has constructed Atal Sethu, Sonmarg Tunnel, Bogibeel bridge in different parts of the country and these created thousands of job regards the railways, he said it is the lifeline of industrial projects he inaugurated on Saturday are related to airport, highways, railways, port and power in Tamil Nadu and he said that inaugurated projects include a new state-of-the-art Tuticorin airport terminal building, developed at an estimated cost of around Rs 450 regards railway projects, it includes the electrification of the 90 km Madurai-Bodinayakkanur line, commissioned at a cost of Rs 99 Crore and the Rs 650 crore worth doubling of the 21 km Nagercoil Town-Kanniyakumari PM dedicated to the nation, two strategically significant highway projects-- 4-laning of 50 km Sethiyathope-Cholapuram stretch of NH-36, developed at a cost Rs 2,350 crore and 6-laning of the 5.16 km NH-138 Tuticorin Port Road, built at around Rs 200 inaugurated the North Cargo Berth-III with a cargo handling capacity of 6.96 MMTPA at V O Chidambaranar Port established at a cost of Rs 285 the occasion, he invoked legendary freedom fighters from the region--VO Chidambaram Pillai, king Veerapandia Kattabomman and chieftain Veeran Azhagu Nadu Governor RN Ravi participated in the event. State Finance Minister Thangam Thenarasu presented a memento, a replica of the iconic Valluvar Kottam in Chennai, to the prime minister on the Civil Aviation Minister K Rammohan Naidu, Union Minister of State L Murugan, TN Social Welfare Minister P Geetha Jeevan, Lok Sabha MP Kanimozhi and top officials took part.
