Key Highlights - PhonePe’s revenue jumped by 74%, reaching INR 5,064 Cr in FY24, up from INR 2,914 Cr in FY23.- The company reported an adjusted profit after tax (PAT) of INR 710 Cr for FY24, turning around from a loss of INR 194 Cr in FY23.- PhonePe claimed a net adjusted profit after tax of INR 197 Cr for FY24, reversing a huge loss of INR 738 Cr from the previous year.- Their popular UPI app now has over 550 million…
Key Points: Trent Ltd.’s stock has surged by 129% this year, outperforming many global retail stocks. The Tata Group company is set to join India's NSE Nifty 50 index next month. Trent’s success is largely attributed to its affordable fashion brand, Zudio. The company’s sales increased by 56% in the latest quarter, surpassing competitors like Avenue Supermarts and Aditya Birla Fashion & Retail. Trent’s market value is approaching $30 billion, and inclusion in the Nifty 50 could attract an additional $500 million…
Key Points Welspun Enterprises Limited's subsidiary, Welspun Michigan Engineers Limited (WMEL), has secured a Rs 159.75 crore contract from Brihanmumbai Municipal Corporation (BMC). The contract involves rehabilitating 17 km of sewers in Mumbai using trenchless technology. The project is expected to be completed within 24 months, excluding the monsoon season. Welspun Enterprises has seen a 120% increase in its stock value over the past year, compared to a 26% increase in the BSE Sensex Index. The company's current order book totals Rs…
Key Points Astronaut salaries vary based on space agency, experience, and mission responsibilities. NASA astronauts typically earn between $84,365 and $115,079 annually, but can earn up to $152,258 depending on their role. Military astronauts at NASA keep their military salaries and benefits while working with NASA. ESA astronauts have lower salaries compared to NASA but benefit from tax exemptions. Roscosmos cosmonauts' salaries are lower than those of Western counterparts, with recent increases proposed by the Russian government. Looma News Astronauts play a…
Key Points The Indian Council of Medical Research (ICMR) has developed a new tuberculosis (TB) diagnostic device using CRISPR technology. This device can test over 1,500 samples in just 2.5 hours, compared to traditional methods which can take up to 42 days. The cost of using the new device is only ₹35 per test. ICMR is looking for partners to help commercialize this device and make it widely available. Looma News The Indian Council of Medical Research (ICMR) has unveiled an exciting…
Key Points A young man named Abid Baloch, previously subjected to enforced disappearance, was shot and injured in Turbat, Balochistan. The attack raises concerns about a new pattern targeting individuals who have been released after enforced disappearances. Similar incidents have occurred recently, including attacks on other Baloch activists and leaders who speak out against human rights abuses. Human rights organizations, including Dr. Mahrang Baloch and the Baloch National Movement's Paank, have condemned the violence and called for thorough investigations. The Baloch National…
Key Points Astronauts Sunita Williams and Butch Wilmore were initially on an eight-day mission at the International Space Station (ISS). Due to technical issues with Boeing's Starliner capsule, their return has been delayed. The Starliner will return to Earth without astronauts aboard, and Williams and Wilmore will return on a SpaceX Crew Dragon spacecraft. The SpaceX Crew Dragon mission, part of a routine rotation, is scheduled to launch next month. Williams and Wilmore will stay at the ISS until February 2025, continuing…
Key Points: Dr. Ramesh Peramsetty, an Indian-origin physician, was shot dead in Tuscaloosa, Alabama on August 23. He was the founder and medical director of the Crimson Care Network, known for its commitment to local healthcare. Peramsetty, a graduate of Sri Venkateswara Medical College, specialized in emergency and family medicine. He was also involved in philanthropy, including donations to his former school and contributions to a local temple. Peramsetty's death is a significant loss to both his local and international communities, with…
Key Points Lando Norris won the Dutch Grand Prix at Zandvoort, securing his second Formula 1 victory. Norris finished over 21 seconds ahead of Max Verstappen, marking a significant win for McLaren. A dramatic overtaking maneuver involved five cars battling for position during the race. Lewis Hamilton and George Russell faced strategic challenges, with Russell falling behind Sergio Perez. The podium was completed by Max Verstappen in second place and Charles Leclerc in third. The rest of the top 10 included Piastri,…
Key Points Russian embassy in Paris accuses French authorities of "refusing to cooperate" regarding Pavel Durov’s arrest. Pavel Durov, the owner of the Telegram messaging platform, was detained at Paris Le Bourget airport on Saturday. Durov was expected to appear in court on Sunday on charges related to Telegram. The Russian embassy requested an explanation for Durov’s detention and called for his rights and consular access to be protected. French authorities have not yet responded to these requests, according to the embassy’s…