NEW DELHI: Tata Power on Wednesday reported a nearly 25% increase in consolidated net profit to Rs 1,306.09 crore for the March quarter of FY25, driven by strong performance across its key segments- generation, transmission, distribution, and renewables.The consolidated profit for the quarter ending March 31, 2024, stood at Rs 1,045.59 crore, as per regulatory…
State-run gas utility GAIL (India) Ltd on Tuesday reported a 6 per cent year-on-year decline in consolidated net profit for the January–March quarter, impacted by lower gas marketing margins and losses in the petrochemical segment. Net profit for the fourth quarter of FY25 stood at Rs 2,049.03 crore, down from Rs 2,176.97 crore in the…
MUMBAI: In three companies – One97 Communications (Paytm), Aether Industries, and KFin Technologies – institutional shareholders and promoters are selling large chunks of their holdings to raise about Rs 3,900 crore, term sheets for the deals showed.In Paytm, Antfin (Netherlands) Holding, one of the early investors in the digital payments solutions pioneers in India, is…
Dalal Street saw its wealth increase by Rs 16.15 lakh crore. (AI image) India-Pakistan ceasefire impact on stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, saw exceptional rallies on Monday with both indices rising over 3.5%, their biggest single-day gain since February 2021. The strong stock market rally left investors richer by…
Realty developer Trinity has awarded a Rs 510 crore construction contract to BL Kashyap and Sons Ltd for its upcoming luxury residential project in Gurugram, the company said in a statement on Sunday.The project, named Sky Palazzo Residences, will be developed in Sector 88B, Gurugram.Vineet Kashyap, Managing Director of BL Kashyap and Sons Ltd, expressed…
Faced with deposit growth challenges, Canara Bank launched a unique internal campaign by asking each of its 82,000 employees to contribute towards deposit mobilisation. Resultantly, the bank collected Rs 16,700 crore within just ten weeks, a top official has said.The initiative began on January 26, 2024, amid a system-wide slowdown in deposit accretion. The bank’s…
Foreign investors have injected Rs 14,167 so far this month, showing confidence in the country’s equity market despite the India Pakistan conflict. This inflow was primarily driven by positive global cues and India’s strong domestic economic fundamentals. This followed a net investment of Rs 4,223 crore in April, which marked the first inflow after a…
India Pakistan tensions, Operation Sindoor impact:Investor wealth took a hit, plunging by Rs 7 lakh crore over the past two sessions, as escalating conflict between India and Pakistan made markets jittery and triggered a selloff. The NSE Nifty dropped 265.80 points, or 1.10 per cent, to settle at 24,008. The BSE Sensex fell for the…
Atal Pension Yojana accumulates over 7.65 crore subscribers, mobilises Rs 45,974.67 crore by April (Photo: ANI) NEW DELHI: Atal Pension Yojana (APY) has accumulated over 7.65 crore subscribers, mobilised a total corpus of Rs 45,974.67 crore by April, according to a government release.According to the official data, APY recorded increasing participation from women who now…
T Natarajan, Jake Fraser-Mc Gurk and Abishek Porel In a pivotal clash at the Rajiv Gandhi International Stadium, Delhi Capitals have finally unleashed their 10.75 crore acquisition, T Natarajan, bringing him into the playing XI for the first time this season. The left-arm pacer replaces Mukesh Kumar as Delhi look to bolster their death-bowling arsenal…