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15 May

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

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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…

14 May

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

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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.

13 May

Reliance Power stock inflation 12.5% on fourth quarter profit

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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…

12 May

Aluminium futures prices marginally inflation: New deals push prices up

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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.

10 May

MCX Q4 profit inflation 54% to Rs 135 crore

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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…

09 May

Canara Bank Q4 profit gain 28%, targets 11% loan growth

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Mumbai, May 9: State-owned Canara Bank on Thursday reported a 28 percent rise in its consolidated net profit to Rs 5,070 crore in the March quarter, driven by a reduction in provisions and a rise in non-core income.The public sector bank had reported a net profit of Rs 3,951 crore in the same period a year ago.Its post-tax profit in FY25 rose to Rs 17,540 crore from Rs 15,279 crore in FY24.Despite 11 percent loan growth, its core net interest income declined 1.44 per cent to Rs 9,442 crore in the quarter under review, while net interest margin declined 0.25…

08 May

Aluminium futures prices gain due to fresh deals

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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.

07 May

Bank of Baroda’s fourth quarter profit inflation 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 upsurge 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 gain 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)…