Business Economy


Avantel dials lower revenue and PAT in Q2

Chennai, Oct 18 (UNI) Technology solutions company Avantel Limited, which serves the defence and communication sectors, on Saturday reported lower operational revenue and net profit for the second quarter ended September 30, 2025.
In a regulatory filing, the company stated that it recorded operational revenue of Rs 55.12 crore, compared to Rs 77.25 crore in Q2 FY25. Net profit for the quarter stood at Rs 6.17 crore, down from Rs 23.57 crore in the same period last year, on a standalone basis.

Avantel also reported that its order book currently stands at over Rs 200 crore.
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Telangana Govt to establish Youth Climate Action & Innovation Centre in Hyderabad

11 Nov 2025 | 3:25 AM

Hyderabad, Nov 10 (UNI) In an ambitious initiative, the Telengana government has set its sights on establishing what is billed as "India’s first Youth Climate Action & Innovation Centre" at Hyderabad in partnership with 1M1B (One Million for One Billion), a United Nations-accredited non-profit foundation.

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'Country of Origin' soon to be marked for packaged commodities sold online

11 Nov 2025 | 3:01 AM

New Delhi, Nov 10 (UNI) The government plans to make it mandatory for e-commerce platforms to provide searchable and sortable filters based on the 'Country of Origin' for packaged commodities sold online.

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AP Govt CII announce agenda for Partnership Summit 2025

11 Nov 2025 | 1:56 AM

Vijayawada, 10 Nov (UNI) The Confederation of Indian Industry (CII) will discuss various key issues featuring high-level plenaries, country sessions, government–industry dialogues, and sectoral tracks focused on trade, technology and innovation, sustainability and climate action, during the two-day CII Partnership Summit 2025 in Visakhapatnam beginning November 14.

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Hyd: HMDA to conduct e- Auction of open plots at Kokapet & Moosapet

10 Nov 2025 | 11:05 PM

Hyderabd, Nov 10 (UNI) Hyderabad Metropolitan Development Authority (HMDA) on Monday said it has proposed to conduct a Pre-Bid Meeting for the forthcoming e-Auction of open plots located at Kokapet and Moosapet.

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Rs1,000 cr VC fund for space startups operationalised

10 Nov 2025 | 7:55 PM

Chennai, Nov 10 (UNI) The Indian National Space Promotion and Authorisation Centre (IN-SPACe) and the Small Industries Development Bank of India Venture Capital Ltd (SIDBI Venture Capital Fund) today signed a contribution agreement to operationalise the Rs 1,000 crore venture capital fund for the Indian space sector.
This signing marks the formal beginning of the Fund’s investment activities following its approval by the Securities and Exchange Board of India (SEBI) on October 31.

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