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ARCs poised to log 15 pc jump in recovery rate during 2025-26: Crisil

New Delhi, Jan 30 (IANS) The cumulative recovery rate of security receipts for asset reconstruction companies (ARCs) is set to jump by up to 15 percentage points per annum, for the second straight year, touching 75-80 per cent by the next financial year, according to a Crisil Ratings report released on Thursday. The report attributes […]

Adani Enterprises Ltd logs 29 pc rise in consolidated EBITDA, consolidated PBT up 21 pc

Ahmedabad, Jan 30 (IANS) Adani Enterprises Ltd (AEL) on Thursday reported a 29 per cent increase in consolidated EBITDA at Rs 12,377 crore in the first nine months of the current fiscal (FY25), driven by continued strong operational performance by Adani New Industries Ltd (ANIL) ecosystem and airports. Consolidated profit before tax (PBT) increased by […]

Indian stock market continues winning streak ahead of Union Budget

Mumbai, Jan 30 (IANS) The Indian stock market on Thursday continued its upward journey for the third consecutive session, with both the Sensex and the Nifty closing in the positive territory, as all eyes are now on the Union Budget 2025-26. At the closing bell, the BSE Sensex gained 226.85 points or 0.3 per cent […]

BEL clocks 47.3 pc jump in Q3 net profit at Rs 1,316 crore

Bengaluru, Jan 30 (IANS) Government-owned Bharat Electronics Ltd (BEL) on Thursday reported a 47.3 per cent growth in its net profit for the third quarter ended December 2024 to Rs 1,316.06 crore, compared to Rs 893.30 crore in the same quarter of the previous year. The Navratna defence public sector company’s consolidated revenue from operations […]

Bank of Baroda posts 5.6 pc rise in Q3 profit, asset quality improves

Mumbai, Jan 30 (IANS) State-run Bank of Baroda (BoB) on Thursday reported a 5.6 per cent year-on-year (YoY) increase in its net profit for the third quarter of the financial year 2024-25 (Q3 FY25). The bank’s net profit stood at Rs 4,837 crore, up from Rs 4,579 crore in the same quarter last year. The […]

Tata Consumer Q3 profit falls 5 pc to Rs 299.75 crore, revenue rises 16.8 pc

Mumbai, Jan 30 (IANS) Tata Consumer Products on Thursday posted a consolidated net profit of Rs 299.75 crore, with a 5 per cent decline on a YoY basis, for the third quarter (Q3) of the financial year 2024-25, against Rs 316 crore in the same period of the last fiscal. Despite the drop in profit, […]

Andhra Pradesh approves Rs 47,776 crore investment projects

Amaravati, Jan 31 (IANS) Andhra Pradesh State Investment Promotion Board (SIPB) on Thursday approved 15 projects involving an investment of Rs.44,776 crore. The approval was given at the third meeting of SIPB chaired by Chief Minister N. Chandrababu Naidu. These 15 projects are expected to create 19,580 jobs. The projects cleared by SIPB on Thursday […]

Iran says FM in Qatar to meet Hamas leaders

TEHRAN(RAHNUMA): Iran’s Foreign Minister Abbas Araghchi was visiting Qatar on Thursday to meet leaders of Tehran-backed Palestinian militant group Hamas, a ministry statement said. It said he would meet senior Hamas officials “to hail the victory of the Palestinian people through 16 months of legendary resistance” in the Gaza Strip. On October 7, 2023, Palestinian […]

Morocco stops German feed grain imports over foot-and-mouth disease

RABAT(RAHNUMA): Morocco has halted imports of feed grains from Germany following an outbreak of foot-and-mouth disease, the head of Morocco’s grain trade federation (FNCL) said on Thursday. The import suspension affected “all untreated plant-based feed intended for animal consumption from Germany due to the foot-and-mouth disease outbreak there,” Omar Yacoubi told Reuters. A source at […]