The National Company Law Tribunal (NCLT) has approved media baron Subhash Chandra's personal insolvency resolution plan, which proposes to pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, despite allegations from dissenting lenders that five family-linked entities controlled 61.78 per cent of the voting share.
The BSE Sensex and the Nifty 50 declined around 4.5 per cent each since the start of the West Asia conflict.
Adani Group's portfolio companies posted their highest-ever pre-tax profit (EBITDA) of about Rs 90,000 crore in the fiscal year ended March 31 and had a cash balance to cover 21 months of debt servicing, the ports-to-energy conglomerate said on Thursday. The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) has more than tripled in six years - from Rs 24,870 crore in 2018-19 to Rs 89,806 crore in 2024-25 (April 2024 to March 2025).
The country's largest lender SBI on Thursday reported 18.18 per cent growth in March quarter consolidated net profit to Rs 21,384.15 crore as against Rs 18,093.84 crore in the year-ago period. On a standalone basis, profit grew to Rs 20,698.35 crore from Rs 16,694.51 crore a year ago, the lender said in a regulatory filing.
Thakur said no expenditure was incurred on advertisements in foreign media through the Ministry of Information and Broadcasting.
Sidda launches free bus travel scheme for women
Axis Bank on Thursday reported a 54 per cent jump in its standalone net profit to Rs 4,117.77 crore for the quarter ended March 2022. The country's third-largest private sector lender had posted a net profit of Rs 2,677.06 crore in the year-ago period. The total income (standalone) rose to Rs 21,999.58 crore in the January-March period of 2021-22 against Rs 19,035.12 crore in the same period of 2020-21, Axis Bank said in a regulatory filing. For the full 2021-22, the net profit nearly doubled to Rs 13,025.48 crore from Rs 6,588.50 crore in 2020-21.
For the month of May, 4,03,49,830 vaccine doses have been made available by the Union Government to states.
Infosys raised the lower-end of its FY20 revenue guidance and the revised forecast now stands at 9-10 per cent growth in constant currency terms.
Of this, Rs 6,090 crore (Rs 60.9 billion) is planned for the 11th Plan and Rs 14,030 crore (Rs 140.3 billion) for the 12th Plan.
India's fiscal deficit shot up by nearly 50 per cent to Rs 92,068 crore (Rs 920.68 billion) during the first seven months of 2005-06 despite a 24 per cent higher tax mop up.
The state has 720 km long coastal line with two major ports, namely Mumbai Port Trust and Jawaharlal Nehru Port Trust.
The petroleum ministry has sought additional oil bonds worth about Rs 13,000 crore (Rs 130 billion) to cover the revenue loss on fuel sale in the fourth quarter of the current fiscal.
Bharat Petroleum Corporation Ltd will invest Rs 631 crore (Rs 6.31 billion) in extending its 609-km Mumbai-Manmad-Indore petroleum product pipeline to Piyala, near Delhi.
ICICI Bank on Friday reported 13 per cent rise in consolidated net profit at Rs 2,698 crore (Rs 26.98 billion) for the second quarter ended September 30, 2013.
While higher income, educated Indians are financially literate, they aren't really much better off when it comes to planning their financial futures
Inflation and asset prices have eroded the value of money.
