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New Delhi, May 26: Reliance General Insurance, an arm of Reliance Capital that was recently acquired by IndusInd International Holdings Ltd (IIHL), reported a 12.5 percent rise in net profit to Rs 315 crore for the financial year ended March 2025. The company's gross direct premium (GDP) grew to Rs 12,548 crore, a growth of 7.4 percent over the previous fiscal, higher than the general insurance industry's growth of 5.2 percent. The company's net worth also saw a growth of 10.2 percent to Rs 3,429 crore in FY25, Reliance General Insurance said in a statement. IIHL, which had acquired Reliance…

New Delhi, May 24: State-owned power firm NTPC on Saturday reported that its consolidated net profit rose nearly 22 percent to Rs 7,897.14 crore in the March quarter, led by a rise in operating income. It had reported a net profit of Rs 6,490.05 crore in the January-March 2023-24 period, the company said in an exchange filing. NTPC's operating income rose to Rs 49,833.70 crore from Rs 47,628.19 crore in Q4 FY24. For the full FY25, the company's net profit rose to Rs 23,953.15 crore from Rs 21,332.45 crore in FY24. Operating income also increased to Rs 1,88,138.06 crore from…

New Delhi, May 22: Silver prices rose by Rs 475 to Rs 98,720 per kg in futures trade on Thursday as participants increased their bets.At the Multi Commodity Exchange, the price of silver contracts for July delivery rose marginally by Rs 475, or 0.48 percent, to Rs 98,720 per kg in a business turnover of 16,914 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 0.61 percent lower at $32.44 per ounce in New York.

New Delhi, May 21: State-owned NALCO on Wednesday reported a more than two-fold jump in consolidated net profit to Rs 2,067.23 crore for the March quarter 2025 on the back of higher revenue from operations.The company had posted a profit of Rs 996.74 crore in the same period a year ago, National Aluminium Company Ltd (NALCO) said in a BSE filing.Revenue from operations in January-March FY25 rose to Rs 5,267.83 crore from Rs 3,579.05 crore a year ago.The PSU's profit in FY25 rose to Rs 5,267.94 crore from Rs 1,988.46 crore in FY24. Revenue from operations grew to Rs 16,787.63…

Zomato Share Price: Zomato shares fell 5% to ₹264.85 per share on the NSE after global brokerage firm Jefferies raised concerns over rising competition in the quick commerce space. After Zomato's shares more than doubled in value in 2024, analysts at Jefferies forecast that 2025 could be a breather year, with the stock possibly shifting gears into a price consolidation phase. According to news reports, the brokerage said that aggressive strategies by existing players and entry of new competitors could lead to higher discounts, which could pose risks to Zomato's medium-term profitability. The brokerage said that apart from Zomato's Blinkit,…

New Delhi, May 19: Gold prices on Monday rose by Rs 918 to Rs 93,359 per 10 grams in futures trade as speculators created fresh deals amid strong spot demand.On the Multi Commodity Exchange, gold contracts for June delivery rose by Rs 918, or 0.99 percent, to Rs 93,260 per 10 grams in a business turnover of 10,743 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures rose 0.80 percent to USD 3,229.30 an ounce in New York.

Shares of Bharat Heavy Electricals Ltd (BHEL) rose 2.45% after the company reported a 3% year-on-year rise in net profit to ₹504 crore. Besides, the board of directors also recommended a dividend of ₹0.50 per share. The company's consolidated revenue for the quarter rose 8.8% year-on-year to ₹8,993 crore for Q4FY25 compared to ₹8,260 crore. The power segment, which accounts for nearly 80% of the revenue, witnessed steady growth. While the industry segment saw a 33% rise in revenue, supporting the overall growth. On the operational front, earnings before interest, tax and depreciation grew 14.2% YoY to ₹831 crore compared…

JSW Energy on Thursday reported that its consolidated net profit in the March quarter rose 16 percent to ₹408 crore from a year ago, aided by the KSK Mahanadi thermal project and organic wind capacity addition. "Profit after tax grew 16 percent year-on-year, from ₹351 crore in Q4 FY24 (January-March 2024) to ₹408 crore in Q4 FY25, while cash PAT (profit after tax or net profit) grew 8 percent year-on-year, from ₹686 crore in Q4 FY24 to ₹744 crore in Q4 FY25," a company statement said. During the reporting quarter, total revenue grew 21% to ₹3,497 crore from ₹2,879 crore,…

Mumbai, May 15 Multi-modal logistics operator Transport Corporation of India (TCI) on Wednesday reported its profit after tax for the March 2025 quarter stood at Rs 115.1 crore, up 11.4 percent over the same quarter last year.The company had reported a PAT (profit after tax) of Rs 103.3 crore in the fourth quarter of FY 2024.Consolidated revenue for the period under review grew 9.3 percent to Rs 1,197.2 crore from Rs 1,095.4 crore in the January-March period of FY 2023-24, TCI said in a statement.The company's earnings before interest, tax, depreciation and amortization (EBITDA) stood at Rs 140.1 crore as…

New Delhi, May 14: Gold prices on Tuesday rose by Rs 694 to Rs 93,595 per 10 grams in futures trade as speculators created fresh deals amid strong spot demand.Gold contracts for June delivery on the Multi Commodity Exchange rose by Rs 694, or 0.75 percent, to Rs 93,595 per 10 grams in a business turnover of 12,793 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures in New York rose 0.53 percent to $3,253.57 an ounce.