For years, the uncertainty around adjusted gross revenue (AGR) dues kept lenders wary, limiting capital access and slowing network expansion
The company reduced its net loss by about 30 percent to Rs 258.4 crore in FY25 from Rs 370.7 crore in FY24, even as expenses rose with higher activity levels.
Tata Power reported a marginal decline in its consolidated net profit for the second quarter of FY26, coming in at Rs 919.4 crore, down 0.7 percent year-on-year from Rs 926.5 crore. CEO Praveer Sinha attributed this to heavy monsoon across India which dampened electricity demand.
A government official said Vodafone Idea will have to formally communicate the kind of relief it is seeking once the court issues its directive
The top court on October 27 said that any decision on granting relief to Vodafone Idea falls within the government’s policy domain
Domestic demand for jet fuel fell 2% in the September quarter, which O2C (Refining) COO Srinivasan T attributed to increased safety checks by airlines following the Ahmedabad plane crash.
Jyotiraditya Scindia said that Vodafone Idea won’t be bailed out further through the equity conversion route
The Chennai, Tamil Nadu-based company reported a profit before exceptional items and tax of 5.22 billion rupees ($61.14 million) for the fourth-quarter ended March 31, compared to 3.81 billion rupees last year
In FY25, revenue of the South India's busiest airport, backed by Canadian billionaire Prem Watsa, grew 43 percent to Rs 3,732 crore
The company, known for brands like Jim Jam and NutriChoice, saw EBITDA grow 2.9 percent to Rs 844.9 crore from Rs 821.1 crore, while margins declined to 18.4% from 19.3 percent YoY.
Power Grid Q3 net profit falls to ₹3,862 crore; declares dividend. Castrol India reports 12% rise in profit for Dec quarter on steady demand. The company has received approval for the reclassification of Vijal Holding and Trading Company. The company has received an order from the Maharashtra GST Authority imposing a penalty of Rs 3.55 crore. Watch for more-
Bank of Baroda Q3 results: Net profit rises 5.6% to Rs 4,837 crore, NII up 3%. L&T Q3 results: Net profit rises 14% to Rs 3,359 crore, but misses estimates as EBITDA margins fall. Biocon Q3 results: All business segments grow; EBITDA up 16%, revenue rises 7%. IndusInd Bank Q3 Preview: Profit may see sharp 39% YoY fall amid rising slippages. Nestle India Q3 Preview: Net profit may slip 9% on increased competition
Tata Motors Q3 profit drops 22% YoY to Rs 5,451 crore, hit by weaker margins, JLR slowdown; misses estimate. Bajaj Finance Q3 Results: Net profit rises 18% YoY to Rs 4,308 crore, supported by AUM jump of 28%. Bajaj Finance Q3 Results: Net profit rises 18% YoY to Rs 4,308 crore, supported by AUM jump of 28%. SRF Q3 Results: Management expects year to end on 'reasonably strong footing
Bajaj Auto net profit up 8% to ₹2,196 crore, revenue at ₹13,169 crore. SBI Card Q3 Results: Net profit drops 30%, NII down 3.5%; NPAs remain flat. Colgate-Palmolive Q3 numbers fall short of estimates, net profit down 2% to ₹323 crore. Tata Motors Q3 Preview: Net profit may fall 7%, margins likely to contract on negative operating leverage
The bank had earned a net profit of Rs 1,007 crore in the same quarter a year ago.
The Supreme Court in 2019 had upheld the government's definition of AGR and had ordered telecom companies to pay Rs 1.47 lakh crore dues.
This is used to identify a portfolio manager's skill to generate excess return in relation to the benchmark and the consistency of such a performance
The bank also forecast net interest income, or the difference between what it earns on loans and pays out on deposits, for 2025 above analysts' expectations, despite issuing repeated warnings that it may not sustain the level of growth.
Shares of the bank rose 3.1% to $73.40 in premarket trading on Wednesday after it also forecast net interest income (NII) — or the difference between what it earns on loans and pays out for deposits — would increase in 2025
Spot gold eased 0.1% to $2,659.62 per ounce, as of 0353 GMT. U.S. gold futures rose 0.2% to $2,678.30.
One of the reasons could be that a number of companies have opted for a price hike in the December quarter due to rising costs of input items such as copra, vegetable oil, and palm oil.
In today's market highlights, Hindustan Construction Company successfully raised ₹600 crore through a Qualified Institutional Placement (QIP), attracting prominent investors like Citigroup and Societe Generale. Amara Raja Energy & Mobility will supply AMARON AGM batteries to Hyundai Motor India for its domestic product lineup under an existing procurement agreement. Exide Industries' subsidiary, Exide Energy Solutions, has partnered with Hyundai Motor India for the production and supply of EV battery cells. Meanwhile, InterGlobe Aviation's board has approved a $43 million loan to its subsidiary, InterGlobe Aviation Financial Services IFSC. Zodiac Energy secured its first international rooftop solar order worth $720,626 for a 2 MWp system in Zambia. Additionally, Bharti Airtel prepaid ₹3,626 crore to clear its 2016 spectrum liabilities, contributing to a total prepayment of ₹28,320 crore in spectrum dues for 2024. Stay tuned for all the top updates impacting these stocks today!
The aggregate ROCE for both financial and non-financial listed firms in Q2 is well above the levels seen during the pre-COVID years
Thanks to capacity addition and competition, while air traffic is likely to climb in the coming months, load factors aren’t expected to rise significantly.
The SBI report also highlighted that the combined net profits of PSU banks has exceeded that of their private counterparts by a notable margin.