Finance minister Nirmala Sitharaman will review the state of the economy amid global and domestic challenges at a meeting of the Financial Stability and Development Council (FSDC) on Monday. The 27th meeting of the high-level panel to be held here will be attended by all financial sector regulators, including RBI Governor Shaktikanta Das, sources said. [...]
Coal India Ltd, the world's largest coal miner, on Sunday reported 17.7 per cent drop in its March quarter net profit on higher provision made for wage revision of employees. Consolidated net profit of Rs 5,527.62 crore, or Rs 8.98 per share, in January-March is compared with Rs 6,715 crore, or Rs 10.86 a share [...]
Equitas Small Finance Bank has reported a net profit for the quarter ended March 31, 2023, at Rs 190.03 crore, the bank said on Sunday. The bank had registered net profit at Rs 119.50 crore during the corresponding quarter of the previous year. For the year ending March 31, 2023, the net profit stood at [...]
Power trading solution provider PTC India has inked a long-term power purchase agreement with VS Lignite Power for 115 MW of electricity supply. PTC India executed a long-term power purchase agreement (PPA) for 115 MW with VS Lignite Power Pvt. Ltd, a company statement said. VS Lignite operates a 135-MW lignite-fired power plant in Bikaner [...]
Equity benchmark indices began the trade on a firm note on Monday amid continuous foreign fund inflows and rally in the US equities. Buying in index majors Reliance Industries and HDFC twins also supported the rally in the markets. The 30-share BSE Sensex rallied 391.8 points to 61,446.09 in early trade. The NSE Nifty climbed [...]
Homegrown FMCG major Marico Ltd on Friday reported an increase of 18.68 per cent in its consolidated net profit to Rs 305 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 257 crore in the January-March quarter a year ago, Marico said in a regulatory filing. Its [...]
State-owned SJVN Ltd has bagged 100 MW solar power project worth Rs 600 crore from Rajasthan Urja Vikas Nigam Ltd. SJVN Green Energy Ltd (SGEL), a wholly-owned subsidiary of SJVN, participated in an open competitive tariff bidding process followed by e-Reverse Auction (e-RA) organised by Rajasthan Urja Vikas Nigam Ltd (RUVNL). Nand Lal Sharma, Chairman [...]
Air cooler and appliances maker Symphony Ltd on Friday reported a decline of 75 per cent in its consolidated net profit at Rs 16 crore for the March quarter. The company had posted a net profit of Rs 64 crore in the January-March quarter a year ago, Symphony said in a BSE filing. Its revenue [...]
Blackstone-sponsored Nexus Select Trust, which will soon launch Rs 3,200 crore retail REIT public issue, has acquired 17 shopping malls in the last seven years and will further expand portfolio through inorganic route as it remain bullish about retail consumption. Nexus Select Trust will hit the capital market on May 9 to raise up to [...]
Private sector lender Federal Bank on Friday reported its highest-ever quarterly net profit of Rs 902.61 crore for the January-March quarter of FY2022-23, registering an annual growth of 67 per cent. The bank's net profit stood at Rs 540.54 crore in the January-March quarter of 2021-22. In a stock exchange filing, the lender also reported [...]
