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Reliance Power stock jumps 12.5% ​​on fourth quarter profit
13 May

Reliance Power stock jumps 12.5% ​​on fourth quarter profit

editorBusiness, News
New, Delhi: Reliance Power stock on Monday jumped over 12.50 percent after the company reported a net profit of Rs 126 crore in the January-March quarter of FY25.The stock gained 12.54 percent to Rs 43.50 on both Group and N units.Reliance Power on Friday reported an overall net profit of Rs 126 crore in the January-March quarter of FY25 on the back of lower expenses.The company had posted a loss of Rs 397.56 crore in the quarter ended March 31, 2024, as per a certificate filing.Total income in the fourth quarter stood at a record Rs 2,066 crore as against…
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Aluminium futures prices marginally up: New deals push prices up
12 May

Aluminium futures prices marginally up: New deals push prices up

editorBusiness, News
New Delhi, May 12: Aluminium prices on Monday rose marginally by Rs 1 to Rs 235.40 per kg in the futures market as speculators created fresh deals amid a positive trend in the spot market.On the Multi Commodity Exchange, the price of aluminium contract for June delivery rose by Rs 1, or 0.43 percent, to Rs 235.40 per kg in a business turnover of 697 lots.Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.
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MCX Q4 profit rises 54% to Rs 135 crore
10 May

MCX Q4 profit rises 54% to Rs 135 crore

editorBusiness, News
New Delhi, Multi Commodity Exchange of India Ltd (MCX) on Thursday reported a 54.15 percent rise in consolidated net profit to Rs 135.46 crore in the fourth quarter of FY 2024-25 on the back of rise in income.The company had reported a net profit of Rs 87.87 crore a year ago, it said in a regulatory filing.Total income during the March quarter of 2024-25 rose 60.68 per cent to Rs 320.49 crore from Rs 199.45 crore a year ago.Expenses rose to Rs 152.96 crore from Rs 92.96 crore in the said period.For the full year 2024-25, the company reported over…
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Escorts Kubota’s fourth quarter profit upsurge 18% to Rs 318 crore
09 May

Escorts Kubota’s fourth quarter profit upsurge 18% to Rs 318 crore

editorBusiness, News
New Delhi: Agricultural and construction equipment maker Escorts Kubota on Thursday said its consolidated net profit rose 18 percent to Rs 318 crore in the fourth quarter ended March 2025, as sales rose.The company had reported a net profit of Rs 270 crore in the January-March quarter of the previous fiscal.Revenue from operations rose to Rs 2,445 crore in the latest fourth quarter as against Rs 2,301 crore in the same period a year ago, Escorts Kubota said in a regulatory filing.For the full fiscal year ended March 2025, the company said its consolidated net profit rose to Rs 1,265…
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Aluminium futures prices rose due to fresh deals
08 May

Aluminium futures prices rose due to fresh deals

editorBusiness, News
New Delhi, Aluminium prices on Thursday rose by Rs 1.40 to Rs 231.50 per kg in the futures market due to fresh deals by speculators amid positive trend in the spot market.The price of aluminium contract for June delivery on the Multi Commodity Exchange rose by Rs 1.40 or 0.61 percent to Rs 231.50 per kg in a business of 697 lots.Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.
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Bank of Baroda’s fourth quarter profit rose 3% to Rs 5,048 crore
07 May

Bank of Baroda’s fourth quarter profit rose 3% to Rs 5,048 crore

editorBusiness, News
New Delhi, State-owned Bank of Baroda (BoB) on Tuesday reported a marginal 3 percent rise in net profit to Rs 5,048 crore for the March quarter of FY2025.The bank had posted a net profit of Rs 4,886 crore in the same period a year ago.During the quarter, the bank's total income rose to Rs 35,852 crore from Rs 33,775 crore a year ago, BoB said in a regulatory filing.The bank's interest income rose to Rs 30,642 crore from Rs 29,583 crore in the fourth quarter of the previous fiscal.However, net interest income (NII) in the quarter declined to Rs 11,020…
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Azad Engineering share price gain 7.7% on ₹452 crore order from GE Vernova
06 May

Azad Engineering share price gain 7.7% on ₹452 crore order from GE Vernova

editorBusiness, News
Shares of Azad Engineering jumped over 7% on Monday after it announced a major order from GE Vernova. The stock gained 7.7% on the NSE to close at ₹1,659 per share. Azad Engineering has signed a long-term supply agreement with GE Steam Power GmbH through its GE Vernova Power business based in Baden, Switzerland. The agreement is for the manufacture and supply of highly engineered and complex rotating and fixed airfoils for advanced nuclear, industrial and thermal power industries, meeting the global demand for GE Vernova in power generation and essential industries. This current phase of the contract, valued at…
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Indian Bank’s fourth quarter profit rises 32 percent to Rs 2,956 crore
05 May

Indian Bank’s fourth quarter profit rises 32 percent to Rs 2,956 crore

editorBusiness, News
New Delhi, State-owned Indian Bank on Saturday reported that its net profit for the March 2024-25 quarter rose 32 percent to Rs 2,956 crore, led by reduction in bad loans and rise in core income.The Chennai-based lender had reported a net profit of Rs 2,247 crore in the same period a year ago.During the quarter, the bank's total income rose to Rs 18,599 crore from Rs 16,887 crore a year ago, Indian Bank said in a regulatory filing.Interest income rose to Rs 15,856 crore from Rs 14,624 crore in the fourth quarter of the previous fiscal. Net interest income (NII)…
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Gold futures prices jump: Price rises to Rs 92,811 per 10 grams
03 May

Gold futures prices jump: Price rises to Rs 92,811 per 10 grams

editorBusiness, News
New Delhi, May 3: Gold prices on Friday rose by Rs 472 to Rs 92,811 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 472, or 0.51 percent, to Rs 92,811 per 10 grams in a business turnover of 14,987 lots.Analysts said fresh deals by participants led to the rise in gold prices.Globally, gold futures in New York rose 0.68 percent to $3,261.31 an ounce.
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Ujjivan Small Finance Bank Q4 profit drops 75% to ₹83 crore, shares down 3%
02 May

Ujjivan Small Finance Bank Q4 profit drops 75% to ₹83 crore, shares down 3%

editorBusiness, News
Ujjivan Small Finance Bank (SFB) on Wednesday reported that its net profit for the three months ended March 2025 fell 75% to ₹83.39 crore, due to higher provisions for bad loans.The bank had posted a net profit of ₹329.63 crore in the same period a year ago.Its total income rose to ₹1,843 crore in the January-March quarter of financial year 2024-25 (FY25) from ₹1,765 crore in the same period a year ago, Ujjivan Small Finance Bank said in a regulatory filing.Total provisions excluding tax rose to ₹264.50 crore in the quarter under review from ₹79 crore in the same quarter…
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