Cube Highways Trust Declares Q1 FY26 Results; Declares Total Distribution of RS 2.5 per Unit
Neel Achary business
Cube Highways Trust Declares Q1 FY26 Results; Declares Total Distribution of RS 2.5 per Unit

Mumbai / New Delhi, July 31, 2025 | Cube Highways Trust (“Cube InvIT”) , managed by Cube Highways Fund Advisors Pvt. Ltd. (the “Investment Manager”) today announced its results for the quarter ended June 30, 2025.

The Board of Directors of the Investment Manager has approved a Distribution Per Unit (DPU) of ₹ 2.50 for the quarter. The total distribution for the quarter amounts to ₹ 336 crores. It comprises ₹ 1.33 per unit as interest and ₹ 1.17 per unit as return of capital.

Pankaj Vasani, Group CFO of Cube InvIT, stated: “We are delighted to announce a strong start to the third fiscal year (post-listing), with our Q1 financial results reflecting solid growth across key performance metrics. Revenue from operations stood at ₹ 9,443 Mn, up 19.2% YoY, with total consolidated income at ₹ 9,739 Mn. Traffic trends remained stable to positive across most corridors. While toll revenue grew 10.3% YoY, traffic growth saw an increase of 6.3% YoY. Despite portfolio expansion, total expenses were largely stable at ₹ 9,755 Mn. EBITDA rose to ₹ 7,016 Mn, an improvement of 22% YoY. Total Assets Under Management (AUM) rose to ₹ 365 Bn, up ₹ 43 Bn during the quarter.

Liquidity remained strong, with cash and cash equivalents at ₹ 11.4 Bn. Total debt stood at ₹ 192.12 Bn (49.62% of EV), well within the permissible thresholds. The Trust also issued commercial paper worth

₹ 13.3 Bn in Q1 to optimise short-term funding while taking tangible steps to reduce the overall financing cost. We continue to deepen our focus on governance, compliance, and alignment with unitholder interests. Our approach remains forward-looking, combining risk management with value creation to sustain unitholder trust.”

The record date for the distribution is August 4, 2025, and the distribution payout will be made on or before August 11, 2025.

Massive Infrastructure Push: Bihar Sanctions Road Works Worth RS 2,740 Crore
Neel Achary business
Massive Infrastructure Push: Bihar Sanctions Road Works Worth RS 2,740 Crore

In a major step toward strengthening Bihar’s core infrastructure, the state government under the leadership of Chief Minister Nitish Kumar has approved crucial road projects worth ₹2,740 crore. The decision was taken during a high-level meeting held on Tuesday, where several initiatives aimed at modernizing the state’s road network were sanctioned.

Road Construction Minister Nitin Nabin expressed gratitude to the Chief Minister for his continued support and commitment towards infrastructure development.

“The approved projects will significantly contribute to the inclusive growth and overall development of Bihar,” said Mr. Nabin Providing details, the minister said that in Saran district, a major flyover project has been approved in Chhapra city to connect Gandhi Chowk with Nagar Palika Chowk. The project, worth ₹69.66 crore, will help alleviate long standing traffic congestion in the area by easing movement across the city’s central zones.

Several key projects for Patna were also cleared during the meeting. These include road connectivity improvements between Patna Junction and the Patna Ghat railway line, along with the construction of a four-lane elevated road near the AIIMS-Digha elevated corridor. For this, an additional outlay of ₹136.85 crore has been approved. Once completed, these developments are expected to improve urban transport efficiency and reduce noise and pollution levels, especially in congested residential zones.

Additionally, approval has been granted for the construction of a four-lane approach road from Mohar Lohia Path Chakra to AIIMS at an estimated cost of ₹67.55 crore. Minister Nabin noted that these initiatives are part of the government’s larger plan to upgrade urban and inter-district transport infrastructure across Bihar.

The projects are aligned with the vision of building a modern and resilient infrastructure framework in Bihar. The government aims to complete the implementation of these schemes by the end of fiscal year 2026-27, with the goal of ensuring timely execution and maximum public benefit.

KL Deemed to be University Student Earns Recognition from Flipkart for Ethical Hacking Contribution
Neel Achary technology
KL Deemed to be University Student Earns Recognition from Flipkart for Ethical Hacking Contribution

Delhi, 31st July 2025: KL Deemed to be University proudly announces that Pavan, a third-year B. Tech. student, has been officially recognized by Flipkart for his ethical and responsible contribution to cybersecurity. He was awarded a Certificate of Appreciation in July 2025 for his responsible disclosure of a P3-level security vulnerability in Flipkart’s system through their Vulnerability Disclosure Program (VDP).

kl university

Pavan’s interest in ethical hacking was sparked by a curiosity about how digital systems function beneath the surface. “I’ve always been fascinated by how systems work behind the scenes,” he said. “I naturally developed an interest in breaking them — to understand their challenges and vulnerabilities.”

Encouraged by Flipkart’s responsible disclosure policy and mentored by Dr. G. Rama Koteswara Rao, Professor in the Department of Experiential Learning & Global Engagement (EL&GE), KL Deemed to be University, Pavan submitted a detailed report to Flipkart in September 2024. After a thorough review, the security team acknowledged his contribution, recognizing its importance in enhancing platform safety.

Pavan attributes his learning curve to a combination of faculty mentorship and active participation in online cybersecurity communities such as Bugcrowd University, Twitter infosec forums, and Discord-based ethical hacking groups. These experiences helped him stay current in a fast-evolving field and build hands-on expertise.

Er. Koneru Lakshman Havish, Vice-President of KL Deemed to be University, applauded Pavan’s achievement, stating: “As the digital landscape evolves, so must the mindset of our learners. At our university, we are committed to developing talent that pairs technical excellence with ethical responsibility. This recognition reflects the impact of strong academic mentorship and a culture that values responsible innovation. We will continue to support students who are ready to lead in a secure and forward-thinking digital world.”

With students like Pavan leading the way, KL Deemed to be University continues to nurture a vibrant ecosystem of cybersecurity innovation grounded in ethics, excellence, and experiential learning.

Turning Global Trade Shifts into India’s Opportunity
Neel Achary business
Turning Global Trade Shifts into India’s Opportunity

As the United States recalibrates its trade policy and imposes higher tariffs across major exporting nations—including China, Vietnam, and Bangladesh—it is clear the world is entering a new phase of supply chain realignment.

While Indian MSMEs are momentarily impacted, this is also an opportunity. With global buyers looking to de-risk from overdependence on select geographies, India is emerging as the most credible, democratic, and scalable alternative.

We have the demographic dividend, the technological agility, and the entrepreneurial depth to meet global demand—across sectors from engineering goods and textiles to pharmaceuticals and electronics.

Now is the time for Indian industry to step up with quality, compliance, and competitiveness. And with China and Vietnam facing similar tariff headwinds, India stands to gain long-term trust, diversified market share, and stronger positioning as a resilient global partner.

Let us view this moment not as a setback—but as a springboard.

KIIT Athletes Make History as Seventeen Represent India at Paris Olympics & Paralympics
Rabindra Sahu news
KIIT Athletes Make History as Seventeen Represent India at Paris Olympics & Paralympics

Bhubaneswar, 31st July 2025: The World University Games were held in Rhine-Ruhr, Germany.  India won a total of 12 medals in this global sports event.  Out of those, KIIT University alone secured 5 medals.  The athletes from KIIT contributed the highest number of medals among Indian participants, making the nation proud on an international platform.  On the final day of the event, KIIT athletes won 3 silver and 2 bronze medals.  With these 12 medals, India stood at the 20th position in the overall medal tally.  Upon their return, the KIIT athletes were given a warm welcome at the Biju Patnaik International Airport, Bhubaneswar.  KIIT and KISS Founder Dr. Achyuta Samanta extended his congratulations and best wishes to the medal-winning athletes.

OSTTA Protest Escalates as Teachers Demand Pension Rights and Grant Suppo
Rabindra Sahu news
OSTTA Protest Escalates as Teachers Demand Pension Rights and Grant Suppo

Chitrada, 31st July 2025: A powerful convention of the Odisha School and College Teachers and Employees Coordination Committee (OSSTA) was held today at Jawahar Government High School in Chitrada. The meeting was presided over by Block Permanent Chairman Muralidhar Barik.

Kishore Kumar Acharya, the district secretary of OSSTA, joined as chief guest and strongly criticized the government’s “anti-teacher policies.” He emphasized that thousands of teachers and education staff have been working for years without salary or pension benefits. The association reiterated the following key demands:

Immediate grant-in-aid for teachers and education workers who served long periods without pay

Pension for teachers who retired without pension

Counting of the first six years of service for government school teachers as part of regular employment

Rectification of discrepancies in grade pay

The speakers warned that teachers and employees will intensify their agitation if these demands are not met.

Other dignitaries present at the meeting included:

Zonal Secretary Nilakantha Nayak

Executive members Parshuram Mahant, Minakshi Nandi

Vice President Tanuja Mishra

Joint Secretary Gopal Chandra Jena

Sudhakar Samal, Janmejaya Mahant

Bisheshwar S., Graj Prasad S., Narmada Mahant

Kishore Kumar Patra, Sanskrit teacher Ajit Nayak

Madrasah teachers

Debendra Nath Mahant from Nuagaon College

As per the resolution of the state organization, the following protest actions have been scheduled:

August 2: Submission of demand letter to Block Education Officers (BEOs)

August 8: Sit-in demonstration at the District Collector’s office

August 16: State-level protest meeting and submission of memorandum in Bhubaneswar

The meeting concluded with a vote of thanks from teacher Gopal Chandra Jena.

e‑KYC Deadline Extended by 3 Months as 96,000 in Nabarangpur Await Verification
Rabindra Sahu news
e‑KYC Deadline Extended by 3 Months as 96,000 in Nabarangpur Await Verification

Nabarangpur, 31st July 2025:– The deadline for beneficiaries who haven’t completed their e-KYC despite possessing ration cards has been extended by three months, announced Food Supplies & Consumer Welfare Minister Krushna Chandra Patra during his visit to Nabarangpur.

He stated that if the required information is not submitted within the extended timeframe, old cards will be declared void, and new beneficiaries will be selected in their place.

The Minister emphasized that the Mohan Government is committed to fulfilling pre-election promises, such as:

  • Rs 10,000 annually under the Subhadra Scheme for women
  • Opening of all four gates of Srikshetra (Jagannath Temple)
  • Increasing the Minimum Support Price (MSP) for paddy to Rs 2,300 per quintal
  • Providing an additional bonus of ₹800 per quintal

Last year, paddy procurement in the state was at 58 lakh metric tonnes (MT) at Rs 2,100 MSP. Under the BJP government, 73.47 lakh MT of paddy was procured last Kharif season.

In Nabarangpur district alone, procurement reached 3.5 lakh MT. Farmers received: 

Rs 574 crore under MSP

Rs 200 crore as input assistance

Total support: Rs 774 crore

In the Rabi season, 7,000 MT of paddy was procured from 985 farmers, who were paid:

Rs 16 crore in MSP

Rs 6 crore in input assistance

There are 3.66 lakh ration card holders in the district. The Minister encouraged eligible but card-less poor citizens to apply again via the online portal.

Kharif Registration Open from July 19 to August 20

No farmer will be excluded

Even if land is in the name of the father or grandfather, farmers can register by submitting a self-declaration form

All Raighar farmers have received their SSP (Special Support Price) payments

On Sunday, the Minister will distribute bonus money to Raighar farmers.

The LAMPs branch manager at Raighar was held responsible by the Minister for previous delays and errors in payment.

Other Attendees at the Event Included:

  • MLA Gaurishankar Majhi (Nabarangpur)
  • MLA Narsingha Bhatra (Jharigaon)
  • BJP District President Kunj Bihari Dash
  • Former President Jagadish Chandra Bishoi
Primary Teachers Demand Full Central Pay Scale, Threaten Indefinite Protest
Rabindra Sahu news
Primary Teachers Demand Full Central Pay Scale, Threaten Indefinite Protest

Bhubaneswar,31st July 2025:  Before the upcoming monsoon session of the Odisha Legislative Assembly, primary school teachers under the Level V (A) category have demanded salaries at the unrevised central pay scale with Grade Pay of ₹4200. If their demands are not met, they have warned of an indefinite protest in front of the Assembly.

This announcement came during a press conference in Bhubaneswar where union leaders Vivekananda Behera, Ajit Maharana, Pradeepta Behera, Prakash Narayan Jena, Smrutiranjan Bej, Subhasmita Sadangi, Karubaki Panda, and Swarnaprabha Nayak stated that over 70,000 teachers under this category have been serving under the state government for many years. However, they are currently being paid at a Grade Pay of ₹2200, which, according to them, is not followed by any other state in India.

They criticized the current arrangement as unconstitutional and discriminatory, leaving them neglected despite their long service. The union has firmly demanded implementation of ₹4200 Grade Pay and central-level salary structure before the monsoon session begins.

They made it clear that the protest will continue until their demands are fulfilled.

MP Appoints New Representatives Across Key Department
Rabindra Sahu news
MP Appoints New Representatives Across Key Department

Kotpad, 31st July 2025:  Nabarangpur MP Balabhadra Majhi has appointed representatives for various offices under Kotpad Block and NAC (Notified Area Council).

  • Ashutosh Mahapatra has been appointed as the representative for Kotpad Block,
  • while Pradeep Kumar Rath will serve as the representative for the Kotpad NAC.
  • Additionally, the following appointments have been made for specific departments:
  • Dillip Dash – for ITDA (Integrated Tribal Development Agency) and Irrigation Department
  • Rameshwar Jena – for Police Station and Tahasildar Office
  • Sushanta Panigrahi – for Horticulture and Agriculture Departments
  • Sunil Tripathy – for Fisheries and Animal Husbandry Departments
  • Krushna Khil – for OLM (Odisha Livelihoods Mission) and MGNREGA
  • Shekhar Dash – for Education, Degree College, and Forest Department
  • Hemanta Kumar Majhi – for Rural Water Supply Department
  • Santoshananda Hota – for Industry Department

The MP’s move to delegate responsibilities through these new appointments has sparked enthusiasm among the party workers and local administrative circles.

Timely Heroism: Officer Donates Blood to Save Critical Patien
Rabindra Sahu news
Timely Heroism: Officer Donates Blood to Save Critical Patien

Umerkote, 31st July 2025: In a heartwarming gesture of humanity, Additional Tahsildar of Umerkote, Nilambar Pujari, voluntarily donated blood to a critically ill patient admitted to the Umerkote Sub-Divisional Hospital.

According to sources, a resident of Bhubaneswar Paika Sahi in Bitaragada area under Umerkote Municipality was admitted to the hospital two days ago in serious condition. Upon examination, the doctors found the patient’s hemoglobin level to be dangerously low and informed the family that an urgent transfusion of B-negative blood was needed.

However, the local blood bank did not have B-negative blood in stock. Despite considerable efforts to locate a matching donor, the search remained fruitless until the Additional Tahsildar, Nilambar Pujari, who happens to have B-negative blood, stepped forward and donated his blood voluntarily to save the patient.

Thanks to his donation, the patient’s family felt a great sense of relief and gratitude. The selfless act of the officer has been widely praised in local circles and administrative circles alike.