Bank agreed to bear 20% injury! Government banks giving loans to MTNL may be ready to lose losses

Bank agreed to bear 20% injury! Government banks giving loans to MTNL may be ready to lose losses

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

Union Budget 2025: Demand for industry before budget – Government should increase the roadtap scheme by September

Union Budget 2025: Demand for industry before budget - Government should increase the roadtap scheme by September

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

Q3 Results: Tata Motors’ profits fell, Indian Bank, Bajaj Finance and Adani Power showed strength

Q3 Results: Tata Motors' profits fell, Indian Bank, Bajaj Finance and Adani Power showed strength

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

Beverage Sector: Coca-Cola challenge due to increasing competition in India, local brands become support

Beverage Sector: Coca-Cola challenge due to increasing competition in India, local brands become support

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 Q3 Results: Company earned Rs 4308 crore in third quarter, AUM has increased by 28%

Bajaj Finance Q3 Results: Company earned Rs 4308 crore in third quarter, AUM has increased by 28%

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

Cement stock ready to run on the basis of big order! Two brokerage have already said- buy

Cement stock ready to run on the basis of big order! Two brokerage have already said- buy

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 Q3 Results: 12% profit to the company in third quarter, approved to raise 5000 crores through QIP

Adani Power Q3 Results: 12% profit to the company in third quarter, approved to raise 5000 crores through QIP

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