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NTPC Q1 FY22 results: Net profit rises 17% to Rs 3,444 Crore

New Delhi: (NTPC Q1 FY22 result news) State-owned power utility NTPC on Saturday announced financial results for Q1'FY22. The company registered a rise of 16.77 percent in net profit to Rs.......

PSU Disinvestment: Govt announces sale of 8% stake in HUDCO via OFS

New Delhi: The government on Monday announced that the offer for sale (OFS) for Government's equity in the state-run Housing & Urban Development Corporation Ltd (HUDCO) will open on Tuesday,.......

Cabinet approves PLI scheme for specialty steel, industry welcomes

New Delhi: Union Cabinet, chaired by the Prime Minister, Narendra Modi, approved the Production Linked Incentive (PLI) Scheme for specialty steel. The duration of the scheme will be five years,.......

AIADMK wants GAIL KKMBP pipeline project in Tamil Nadu to be halted. Read why

Chennai: The opposition AIADMK on Saturday demanded that the Tamil Nadu state government immediately halt the installation of the inter-state KKMBP gas pipeline project by GAIL India in the.......

IREDA plans to launch IPO in 3rd quarter, says CMD PK Das

New Delhi: IREDA is planning to launch its Initial Public Offer (IPO) in the 3rd quarter in November-December 2021, CMD Pradip Kumar Das said on Friday. He was speaking in a panel discussion on.......

Union Cabinet clears LIC disinvestment, read to know the quantum of stake sale

Union Cabinet has cleared the proposal of LIC disinvestment The panel formed under the Finance Minister will decide the quantum of stake sale New Delhi/ Mumbai: The Cabinet Committee.......

IRFC Ltd posts all-time high revenue and profit for FY’21

New Delhi: Indian Railway Finance Corporation Limited (IRFC), a dedicated market borrowing arm of the Indian Railways has posted profit growth of 126 percent for Q4 FY'21 to stand at Rs 1,482.55.......

Braithwaite & Co. Ltd records highest ever turnover and profit in FY 2020-21

New Delhi: Braithwaite & Co. Ltd (BCL), a PSU under the Ministry of Railways, has announced its financial performance for the fiscal year FY 2020-21. The board of directors of the company have.......

NMDC profit shoots up 708% at Rs 2,838 Cr in Q4FY21

Hyderabad/New Delhi: India's largest iron ore producer, NMDC on Tuesday said its Profit After Tax for the quarter ended March 31 was 708 per cent higher at Rs 2,838 crore compared to Rs 351 crore.......

SBI shares rise as lender gets central board's nod to raise Rs 14,000 cr via bonds

New Delhi/Mumbai: The country's largest lender State Bank Of India (SBI) has got the approval from its central board on a proposal to raise up to Rs 14,000 crore by issuing Basel-III compliant.......

Oil India's net profit declines by 32.60% to Rs 1741.59 crore in FY'21

New Delhi: The Board of Directors of Oil India Limited (OIL) in its 522nd board meeting held on June 21 approved the Q4 and FY 2020-21 results. During the financial year FY.......

Q4FY'21: Mazagon Dock Shipbuilders share rise amidst massive jump in net profit

Mumbai: Defence PSU Mazagon Dock Shipbuilders on Thursday reported a manifold jump in consolidated net profit to Rs 230.54 crore for the quarter ended March 2021. The shipbuilder defence PSU had.......

Our offer for Jaypee Infratech 'legally compliant', claims NBCC

New Delhi: State-owned NBCC, whose bid was rejected by creditors of Jaypee Infratech, on Wednesday asserted that its offer was 'legally compliant' though the company will try to address.......

RVNL announces interim dividend of Rs 1.14/- per equity shared for FY21

RVNL board has approved an interim dividend of Rs 1.14/- per equity share of Rs 10/- each (i.e. 11.40 percent) The record date for payment of the Interim Dividend has been fixed.......

Milestone: BHEL supplies 100th space-grade battery to ISRO

BHEL reaches a milestone of supplying the 100th space-grade battery to ISRO These batteries have been manufactured by the Electronic Systems Division of BHEL in.......