The government bank, lending to the decaying telecom company Metropolitan Telephone Corporation Limited (MTNL), may agree to incur 20 per cent losses in its debt of Rs 8,144 crore in the company. The loan given by banks to this government-owned telecom company has become a non-performance and NPA. The MTNL joint lender forum recently discussed … Read more
The industry has demanded Finance Minister Nirmala Sitharaman to carry forward the export incentive scheme RoadTap. The industry has requested to extend the duty and tax exemption (Rhodtep) scheme on export products for export -oriented units (EOUs) and Special Economic Areas (SEZs) till 30 September. The Union Budget of FY 2025-26 will be presented on … Read more
State Bank of India (SBI) supported SBI Cards and Payment Services (SBI Card) once again recorded a soft -quarterly demonstration. For this reason, after the December quarter results, the enthusiasm of analysts has faded on this stock. SBI card shares on the broker path fell 6 per cent to a low of Rs 712.15. However, … Read more
Passenger and commercial vehicle sector veteran Tata Motors has fallen by 22.4 percent in net profit by 22.4 per cent over the previous year and has come down to Rs 5,451 crore. This happened due to a sluggish increase of 2.7 percent to Rs 1,13,575 crore. The company recently increased the price in commercial and … Read more
Rashmi Saluja, Executive Chairperson of Railways Enterprises, has filed an application in the Delhi High Court against the removal of her from the post of Director of Financial Services Firm stating that her appointment is valid till February 2028. In the upcoming annual general meeting on 7 February, Railigare is going to bring a proposal … Read more
Electricity generated from sugarcane khoi was once said to be the main alternative source of Chinese region’s earnings. But in FY 2024, the total power of power in Uttar Pradesh in the total electricity generated from renewable energy declined to 41 percent. This is the lowest in the last six years. According to data from … Read more
Competition from regional and other major companies in the Beverage sector is increasing. The Coca-Cola company in India says that the growing competition also remains a challenge for the company. However, Atlanta -based Beverage veteran President and Chief Financial Officer John Murphy said at an event in Mumbai that his portfolio in India is strong, … Read more
Bajaj Finance announced its third quarter result on Wednesday. Non-Banking Financial Company (NBFC) earned a net profit of Rs 4,308 crore ($ 497.84 million) in the quarter ended December 31, which is about 18% more than the previous year. Bajaj Finance’s net interest income (NII) in the third quarter increased to Rs 9,382 crore year … Read more
This year is moving ahead with a tremendous start for JK Cement! The company has won the Long-Term Limestone Supply Tender released by the Gujarat Mineral Development Corporation (GMDC). Under this deal, the company has got the right to supply 250 million tonnes of limestone from Lakh Pal Punarajpur mine of Kutch. This deal is … Read more
Adani Power on Wednesday announced the third quarter result of the financial year 2024-25 (FY25). The company’s NET profit in Q3 increased by 11.7 percent to Rs 3,057.21 crore. This figure was Rs 2,737.96 crore in the same period last year. If we talk about revenue, there was a slight increase of 5.2 percent year … Read more