UltraTech Cement Q3 PAT down 17% to ₹1,474 crore, sales volume up 10% YoY
UltraTech Cement Ltd, an Aditya Birla Group company, for the third quarter ended December 31 reported a 17% decline in consolidated net profit to ₹1,474 crore as compared with ₹1,775 crore a year earlier. Revenue from operations grew marginally by 2.7% to Rs 17,193 crore from Rs 16,740 crore in the same period last year. During the quarter,
Putin growing concerned by Russia’s economy, as Trump mulls more sanctions
President Vladimir Putin has grown increasingly concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, five sources with knowledge of the situation told Reuters. Russia’s economy, driven by exports of oil, gas and minerals, grew robustly over the past two
Sale of profit-making FSNL to Japanese company anti-national: CITU
Tapan Sen, former MP and CITU general secretary. | Photo Credit: RAO GN Left-leaning Centre of Indian Trade Unions (CITU) has questioned the Union government’s decision to sell public sector firm Ferro Scrap Nigam Limited (FSNL) to a Japanese corporation. A subsidiary of MSTC Limited, the FSNL had recently made
Dr. Agarwal’s ₹3,062 crore IPO to hit market Jan. 29
Ahead of its ₹3,062 crore Initial Public Offering (IPO) launch, the management of Chennai headquartered Dr. Agarwal’s Health Care Limited said there has been a phenomenal growth in the eye-care market in India. The IPO includes a ₹300 crore primary raise, with the balance ₹2,762 crore from a secondary sale
ICICI Bank Q3 PAT increases 14.8% to ₹11,792 crore
The gross NPA additions were ₹6,085 crore out of which ₹5,300 crore were from retail and rural and the rest was from corporates, Sandeep Batra, executive director, ICICI Bank said. | Photo Credit: Special Arrangement ICICI Bank, the second largest private sector bank, reported a 14.8% year-on-year growth in net
NTPC Green Energy Q3 profit grows 18% to ₹66 crore
Image for representative purposes only | Photo Credit: Special arrangement NTPC Green Energy Ltd (NGEL) on Saturday (January 25, 2025) reported an 18% rise in consolidated net profit at ₹65.61 crore for the December quarter FY25, on account of higher income. It had logged ₹55.61 crore net profit in the
Jio unveils ‘free for life’ JioSoundPay in its cheapest 4G phone
Reliance Jio Infocomm Ltd (Jio) has announced a ‘free for life’ sound-pay feature for its JioBharat device, that is expected to benefit 5 crore small-scale merchants across the country. The JioSoundPay would provide instant, multilingual audio confirmations for every UPI payment received, without needing any sound box, enabling seamless and efficient business
Yes Bank Q3 net profit surges 165% to ₹612 crore
Yes Bank for the third quarter ended December 31, 2024 reported 164.5% growth in net profit at ₹612 crore over the year ago period. The bank’s net interest income (NII) for the quarter grew Year on Year (YoY) to ₹2,224 crore. Net interest margin (NIM) at 2.4% remained flat YoY.
Centre finally notifies Unified Pension scheme option for government staff covered by NPS
Photo used for representation purpose only. | Photo Credit: Getty Images/iStock The Unified Pension Scheme shall be applicable to such Central Government employees who are already covered under NPS and who “choose” the UPS option, the notification said, indicating workers will have to actively enroll into the UPS. “The existing
Union Budget 2025: Health experts hope for less GST on medical goods, better funding for R&D, inclusion in PMJAY from age 60
Image for representation. | Photo Credit: The Hindu Stakeholders from the healthcare sector, specifying their expectations from the upcoming Union budget, sought higher budget allocation for the sector; reduction in Goods and Services Tax (GST) and import duties on critical medical equipment and supplies; lower treatment costs for patients; and