Nitin Spinners Limited — Others, 14-05-2025: Copy of Newspaper Publication

Nitin Spinners Ltd has announced a board meeting to approve the financial results for the quarter and half-year. The company reported total income from operations of ₹290.79 Cr for the year ended March 31, 2025, with net profit after tax and exceptional items of ₹175.43 Cr. Earnings per share stood at ₹31.21. The board has proposed a 30% dividend (₹3 per share) for FY 2024-25, pending shareholder approval, highlighting steady performance and shareholder returns.

Lenders of Bhushan Power & Steel are exploring filing a fresh insolvency process to keep the company operational after the Supreme Court invalidated the earlier resolution plan. The National Company Law Tribunal has adjourned hearings as stakeholders assess involved parties and next steps, leaving the company’s future uncertain.

Renesas India will become the first firm in the country to design 3 nanometre semiconductor chips end-to-end, surpassing its work on 5 and 7 nanometre chips. This advancement strengthens India’s semiconductor manufacturing ambitions, alongside partnerships with 270 colleges to boost local talent and innovation.

Several Indian e-commerce and travel platforms are limiting services related to Turkish brands and destinations amid India-Pakistan tensions and concerns over Turkey’s diplomatic stance. This includes suspensions of flights and hotel bookings to Turkey and Azerbaijan, reflecting rising nationalism influencing consumer and business decisions.

Abhinandan Lodha has renamed his holding company from “Lodha Ventures” to “Abhinadan Ventures” after reaching a truce with his brother Abhishek Lodha on the ‘Lodha’ brand usage. The new entity focuses on real estate, private equity, education, and emerging consumer sectors, marking a strategic separation of family business interests.