News - The Purbottar

31 May

IRCTC shares upsurge after 26% rise in profit in March quarter on boost from tourism business

editorBusiness, News

Shares of Indian Railway Catering and Tourism Corporation (IRCTC), the online ticketing and catering arm of the Indian Railways, rose 3.04% to hit an intraday high of ₹799 on Thursday. The gain was recorded after it reported January-March quarter earnings after market opened on Wednesday. IRCTC's consolidated net profit rose 26% to ₹358 crore in the March quarter from ₹284 crore in the same period last year. The jump in profit came on the back of an exceptional profit of ₹46 crore and strong performance of its tourism business. IRCTC's operating revenue rose 10% to ₹1,268 crore as against ₹1,152…

30 May

Suzlon Energy shares inflation 13.5%, Q4 net profit jumps 4-fold; chairman says company posted highest profit in 10 years

editorBusiness, News

Suzlon Energy share price: One of the renewable energy solution providers, especially in the wind energy space, jumped sharply in trade on Friday, May 30, after the company on Thursday reported a four-fold jump in its consolidated net profit to ₹1,181 crore for the March quarter (Q4FY25), mainly led by higher revenues. In early deals, the stock jumped 13.57% to hit a high of ₹74.30 on the NSE. It reported a consolidated net profit of ₹254 crore in the quarter ended March 2024, BSE filings showed. Its total income rose to ₹3,825.19 crore in the quarter from ₹2,207.43 crore a…

29 May

Gold price upgrade to Rs 99,000 per 10 grams, silver rises

editorBusiness, News

New Delhi, May 29: According to the All India Sarafa Association, the price of gold in the national capital rose by Rs 500 to Rs 99,000 per 10 grams on Wednesday amid a strong trend in overseas markets. The precious metal of 99.5 percent purity rose by Rs 500 to Rs 98,500 per 10 grams (inclusive of all taxes). Also, the price of silver rose by Rs 1,000 to Rs 1,00,000 per kg (inclusive of all taxes) on Wednesday. The metal had declined by Rs 1,370 to Rs 99,000 per kg in the previous market session. Globally, spot gold rose…

28 May

Guarseed futures prices upsurge on spot demand

editorBusiness, News

New Delhi, May 28: Guarseed prices rose by Rs 11 to Rs 5,133 per quintal in futures trade on Tuesday as speculators increased the size of their deals amid a firm trend in the spot market. Guarseed contract for June delivery rose by Rs 11, or 0.21 percent, to Rs 5,133 per quintal on the National Commodity and Derivatives Exchange, with open interest trading in 52,065 lots. According to market sources, guarseed prices rose mainly due to speculators increasing their deals, firm trend in the spot market and lower supplies from producing regions.

27 May

Insolation Energy profit upgrade 61% to Rs 65 crore

editorBusiness, News

New Delhi, May 26 Insolation Energy on Monday reported that its net profit rose 60.89 percent to Rs 65 crore in the October-March period of FY25, as against Rs 65 crore in the same period a year ago.It had posted a net profit of Rs 40.4 crore in the six-month period of the previous fiscal 2023-24, the company said in an exchange filing.Revenue from operations grew 57.3 percent to Rs 721.7 crore from Rs 458.8 crore in the period under review.Insolation Energy is a solar panel manufacturer in India, headquartered in Jaipur, Rajasthan.The company currently operates two manufacturing units, and…

26 May

Reliance General Insurance profit upgrade 12.5% to Rs 315 crore in FY25

editorBusiness, News

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…

24 May

NTPC’s net profit upgrade 22% to Rs 7,897 crore in Q4 FY24

editorBusiness, News

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…

23 May

Silver futures gain on fresh demand

editorBusiness, News

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.

22 May

NALCO Q4 profit inflation 100% to Rs 2,067 crore

editorBusiness, News

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…

20 May

Zomato shares downfall 5%, analysts raise concerns over intensifying competition; Swiggy also drops nearly 2%

editorBusiness, News

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,…