The overall market value of six out of India’s ten most valued companies fell by a staggering Rs 78,166.08 crore last week, as weak sentiment continued to weigh down equity markets.Reliance Industries saw the sharpest erosion in value, reflecting the downturn in benchmark indices.The BSE Sensex dropped by 609.51 points or 0.74%, while the Nifty…
JK Cement Ltd on Saturday announced a robust 64.5% increase in its consolidated net profit, reaching Rs 361.33 crore for the March quarter of FY25. In comparison, the company had reported a net profit of Rs 219.68 crore in the same quarter of the previous year, according to a regulatory filing.Revenue from operations for the…
State-owned power major NTPC on Saturday reported a 22 per cent rise in its consolidated net profit to Rs 7,897.14 crore for the March quarter of FY25, boosted by increased revenue from its generation business.The company had posted a profit of Rs 6,490.05 crore in the same quarter of the previous year, according to its…
Government announced construction of a new ring road which will run outside Goa, connecting Maharashtra to Karnataka. The project was announced by the Union road transport and highways minister Nitin Gadkari on Friday, in response to Goa CM Promod Sawant and minister for power and renewable energy, Shripad Naik’s plea for an alternative to ease…
In 2024, more than 1.65 lakh Schengen visa applications from India were denied, resulting in a financial loss of nearly Rs 136 crore in non-refundable fees. With each application costing an average of €85 (Rs 8,270), India ranked third globally in terms of money lost to visa rejections, after Algeria and Turkey, according to data…
The Reserve Bank of India (RBI) on Friday announced it will pay a record dividend of Rs 2.69 lakh crore to the government for the fiscal year ended March 2025, marking a 27.4 percent increase from the Rs 2.1 lakh crore transferred in 2023-24.The dividend pay-out for 2022-23 had stood at Rs 87,416 crore.This decision…
Kotak Mahindra Mutual Fund on Monday bought a 6.6 per cent stake in pharmaceutical companyAmi Organics for nearly Rs 301 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), Kotak Mahindra Mutual Fund (Kotak MF) purchased 26.97 lakh shares or 6.59 per cent stake in two…
NEW DELHI: DIAL, the Delhi airport operator, has divested its complete 50 per cent ownership in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for nearly 13 crore. DASPL held the concession for operating bridge-mounted equipment at Terminal 3 of Indira Gandhi International Airport (IGIA), including ground power units, pre-conditioned…
Enforcement Directorate (ED) interrogated Tasmac MD S Visakan over suspected financial irregularities within the Tamil Nadu State Marketing Corporation. ED conducted searches at Visakan’s residence and other locations, including the house of film producer Akash Baskaran. The investigation stems from a suspected ₹1,000 crore scam involving inflated bottle prices, based on DVAC FIRs. CHENNAI: Enforcement…
Hyundai Motor India Ltd (HMIL) on Friday reported a 4% decline in its consolidated profit after tax (PAT) to Rs 1,614 crore for the fourth quarter ended March 31, 2025, attributed to lower sales in the domestic market.The automaker had reported a PAT of Rs 1,677 crore in the same period last fiscal.Despite the dip…