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Property prices increase in 48 cities in Q4 FY25: NHB RESIDEX
24 May

Property prices increase in 48 cities in Q4 FY25: NHB RESIDEX

Business CorrespondentBusiness, News
New Delhi, May 24 Property prices rose in 48 out of 50 cities during the fourth quarter of 2024-25, according to data released by the National Housing Bank (NHB). Out of the 50 cities covered, two cities, Howrah and Thiruvananthapuram, recorded a decline in property prices, the latest NHB RESIDEX residential housing price index said. The 50-city housing price index (HPI), based on assessed values ​​of properties collected from banks and housing finance companies, recorded an annual growth of 7.5 percent during the fourth quarter of 2022-24-25, compared to 5.1 percent a year ago. It said property prices increased across…
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Aluminium futures prices rose on fresh deals
23 May

Aluminium futures prices rose on fresh deals

Business CorrespondentBusiness, News
New Delhi, May 22: Aluminium prices rose marginally by 10 paise to Rs 239.80 per kg in futures trade on Thursday as speculators created fresh deals amid positive trend in the spot market.Aluminium contracts for June delivery rose 10 paise, or 0.04 percent, to Rs 239.80 per kg on the Multi Commodity Exchange in a business of 3,032 lots.Analysts said fresh deals by traders amid demand from consumer industries supported aluminium prices in the futures market.
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Crude oil futures rise due to spot demand
22 May

Crude oil futures rise due to spot demand

Business CorrespondentBusiness, News
New Delhi, May 21: Crude oil prices rose by Rs 51 to Rs 5,385 per barrel in futures trade on Wednesday as participants increased the size of their deals due to strong spot demand.Crude oil prices for June delivery rose by Rs 51 or 0.96 percent to Rs 5,385 per barrel on the Multi Commodity Exchange in a business of 10,225 lots.Analysts said crude oil prices rose in futures trade as participants increased their bets.Globally, West Texas Intermediate crude was trading 0.70 percent higher at $62.73 per barrel in New York, while Brent crude was up 1.02 per cent at…
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Zomato shares reduce 5%, analysts raise concerns over intensifying competition; Swiggy also drops nearly 2%
20 May

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

Business CorrespondentBusiness, 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,…
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Aluminium Futures inflation on Fresh Bets
19 May

Aluminium Futures inflation on Fresh Bets

Business CorrespondentBusiness, News
New Delhi, May 19 Aluminium prices on Monday rose marginally by Rs 1.25 to Rs 239.10 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June increased Rs 1.25 or 0.52 percent to Rs 239.10 per kg in 2,154 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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BHEL reports 3% jump in net profit for Q4FY25
17 May

BHEL reports 3% jump in net profit for Q4FY25

Business CorrespondentBusiness, News
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…
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JSW Energy net profit inflation 16 percent to ₹408 crore in Q4
16 May

JSW Energy net profit inflation 16 percent to ₹408 crore in Q4

Business CorrespondentBusiness, News
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,…
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TCI’s fourth quarter profit inflation 11.4% to Rs 115.1 crore
15 May

TCI’s fourth quarter profit inflation 11.4% to Rs 115.1 crore

Business CorrespondentBusiness, News
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…
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Gold futures prices rose: Rs 694 rises to Rs 93,595 per 10 grams
14 May

Gold futures prices rose: Rs 694 rises to Rs 93,595 per 10 grams

Business CorrespondentBusiness, News
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.
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Reliance Power stock inflation 12.5% ​​on fourth quarter profit
13 May

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

Business CorrespondentBusiness, 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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