News - The Purbottar

07 May

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

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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…

06 May

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

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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…

05 May

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

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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)…

03 May

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

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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.

02 May

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

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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…

30 Apr

Gold futures price fell by Rs 550 to Rs 95,475 per 10 grams

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New Delhi, Gold futures price fell by Rs 550 to Rs 95,475 per 10 grams in futures trade on Tuesday amid weak spot demand.Gold contracts for June delivery on the Multi Commodity Exchange fell by Rs 550 or 0.57 percent to Rs 95,475 per 10 grams in a business turnover of 17,745 lots.Analysts attributed the fall in gold prices to weak global cues.In international markets, gold futures in New York fell 0.80 percent to $3,317.18 an ounce.

29 Apr

Ambuja Cements Q4: Net profit declines 9%, EBITDA rises 12%; company announces dividend

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Ambuja Cements Q4: Adani Group-owned Ambuja Cements announced its January-March quarter earnings on Tuesday, April 29. The company reported a consolidated net profit of ₹956 crore in the fourth quarter of financial year 2024-25 (Q4FY25), showing a 9% decline from ₹1,051 crore in the same period last year.Its revenue from operations grew nearly 12% to ₹9,802.5 crore in the March quarter as against ₹8,785 crore in the same period a year ago.Ambuja Cements reported stable operating performance in the fourth quarter as its operating profit also known as earnings before interest, tax, depreciation and amortization (EBITDA) grew 12% to ₹1,781…

28 Apr

UCO Bank Q4 profit rises 24% to ₹665.7 crore, declares dividend

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State-run UCO Bank announced its Q4 results on Monday, April 28. The bank has reported strong March quarter earnings, with consolidated net profit for the fourth quarter of financial year 2024-25 (Q4FY25) rising by nearly 24% year-on-year (YoY) to ₹652 crore.The bank’s total business as of March 31, 2025 grew 14.12% to ₹5,13,527 crore, with gross advances growing 17.72% to ₹2,19,985 crore and total deposits growing 11.56% to ₹2,93,542 crore. Operating profit for the quarter reached ₹1,699 crore, registering a year-on-year growth of 33.48% from ₹1,273 crore in the fourth quarter of FY2023-24.The state-owned lender's profit stood at ₹526 crore…

26 Apr

Housing registrations rise 77% in 8 cities: Square Yards

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New Delhi: Housing property registrations stood at 5.44 lakh units in the last fiscal year across eight major cities, including Mumbai, Bengaluru and Hyderabad, up 77 percent from the 2018-19 fiscal, according to Square Yards.Other major property markets include Navi Mumbai, Thane, Pune, Noida and Greater Noida.On Friday, real estate consultant Square Yards released a report, 'Primary vs Secondary: Unlocking demand trends in India's residential market', which showed that the primary market (first sales) accounted for 57 percent of total registrations, while the secondary market (resales) accounted for the remaining 43 percent in 2024-25.The data covers residential transactions for apartments,…

25 Apr

Startup and MSME patent filings rise 310% in 5 years

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New Delhi, Patent filings by startups and MSMEs have increased by 310 percent in the last 5 years, from 1,492 in 2018-19 to 6,120 in 2023-24, an official said on Thursday.N Ramachander, Joint Controller General of Patents, Designs and Trademarks, further informed that more than 2.4 million students and teachers across India have been educated about IP rights in about three years through the National Intellectual Property Awareness Mission launched in 2021.Addressing an event organised by Assocham, he informed that there has been a 116 percent increase in the filing of patent applications in India, from 42,763 in 2014-15 to…