Historic Qadian–Beas Railway Line Project Revived after almost 100 years : Ravneet Singh Union Minister of state for Railways and Food processing industries 39.68-kilometre long broad-gauge corridor at an estimated cost of approximately ₹1,400 crore A Major Boost to Connectivity, Tourism and Development in Punjab New Delhi/Chandigarh/ Gurdaspur 18 June ( Ranjeet Singh Dhaliwal ) : In a landmark development for Punjab's Majha region, the Government of India has revived the long-pending Qadian–Beas New Railway Line Project. Addressing the media at Rail Bhawan today Ravneet Singh Union Minister of state for Railways and Food Processing Industries expressed gratitude to the Hon'ble Prime Minister Narendra Modi and Hon'ble Railway Minister Ashwini Vaishnaw for their continued support and commitment towards strengthening railway infrastructure in Punjab. Elaborating on the Qadian Beas rail link, Ravneet Singh said that proposed railway line will connect Qadian in Gurdaspur distri...
Globe Textiles Posts Stellar Q3 Results with 53.7% Profit Surge and 46.2% Revenue Growth Chandigarh 28 February ( Ranjeet Singh Dhaliwal ) : Globe Textiles, a leading player in the textile sector, has announced its financial results for the third quarter and nine months ending December 31, 2024. The company reported impressive growth in revenue and net profit, reflecting on its business strategy and operations are working well. For the quarter ended December 31, 2024, revenue surged by 46.2% to ₹ 15,159.21 lakhs, compared to ₹ 10,367.19 lakhs in the corresponding period of the previous year. Net profit increased by 53.7% to ₹ 291.42 lakhs from ₹ 189.55 lakhs in the same period last year. For the nine months ended December 31, 2024, revenue saw a 20.8% rise to ₹ 42,397.79 lakhs from ₹ 35,095.74 lakhs in the previous year. Net profit witnessed a significant 56.6% increase to ₹ 943.55 lakhs, highlighting the company’s sustained growth momentum. Globe Textiles' ₹4,504 lakh Rights Issue...