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BusinessPhoto: Business StandardLT Foods reported a 10% year-on-year increase in consolidated net profit to ₹180 crore for Q2, with revenue rising 17% to ₹3,253 crore. EBITDA grew 13% to ₹358 crore, though margins contracted slightly. Gross profit increased 12% to ₹1,058 crore. Earnings per share rose to ₹5.28 from ₹4.72. Growth was driven by basmati and specialty rice segments.
Business Standard·
PoliticsPhoto: Deccan HeraldResidents of Malleswaram, Bengaluru, have raised concerns about footpaths being blocked by parked vehicles, construction materials, and street vendors, forcing pedestrians, including senior citizens and schoolchildren, to walk on busy roads. An 81-year-old resident, Srinivas MA, reported that a private property owner converted a public footpath on 16th Cross, Sampige Road, into a parking area, obstructing pedestrian access. He has requested removal of obstructions, regular monitoring, and a Lokayukta inquiry into official inaction.
Deccan Herald··Bengaluru
PoliticsPhoto: TOI WorldA Michigan appeals court has overturned a $1.55 million judgment against a couple who withdrew from buying a home due to ownership issues. The court found procedural errors in the trial, including improper jury instructions and confidential discussions. The damages ruling was vacated, and the case will return to the trial court for further proceedings.
TOI World·
WorldPhoto: Deccan HeraldThe Hebbal-Tin Factory stretch in Bengaluru faces worsening traffic due to potholes, clogged drains, and slow utility work. Large potholes appeared despite recent repairs, and BWSSB work near HBR Layout blocks part of the road. Poor drain maintenance and damaged infrastructure at the Hennur underpass cause long peak-hour queues. Commuters criticize repair quality and delays prolong inconvenience.
Deccan Herald··Bengaluru
BusinessPhoto: Economic TimesRegional rural banks will enhance their cybersecurity by setting up dedicated cybersecurity operations centres. They will also build capabilities for vulnerability assessments and incident response as part of a reform agenda. The Financial Stability and Development Council aims to strengthen cybersecurity measures following past ransomware attacks. New initiatives include implementing enterprise data warehouse solutions for improved data management and reporting.
Economic Times·
BusinessPhoto: Economic TimesManufacturing companies like Honeywell Technologies and RPG Group are actively recruiting AI and digital leaders to enhance operational efficiency. These leaders will bridge technology and manufacturing processes. Firms are also looking internationally, especially for Indian-origin executives, to bring advanced AI expertise into the manufacturing space.
Economic Times·
Business Standard·
Photo: Business StandardLT Foods reported a 10% year-on-year increase in consolidated net profit to ₹180 crore for Q2, with revenue rising 17% to ₹3,253 crore. EBITDA grew 13% to ₹358 crore, though margins contracted slightly. Gross profit increased 12% to ₹1,058 crore. Earnings per share rose to ₹5.28 from ₹4.72. Growth was driven by basmati and specialty rice segments.
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