Waaree Energies on Thursday reported a multifold rise in consolidated net profit to Rs 5,068.76 crore for the December 2024 quarter, helped by higher income.
It had posted a Rs 1,408.05 crore net profit in the year-ago quarter, the company said in an exchange filing.
The company's total income rose to Rs 35,452.65 crore from Rs 16,517.74 crore in the October-December period of 2023-24.
Its expenses stood at Rs 28,554.53 crore against Rs 15,173.08 crore a year ago.
In a media statement, the company's Whole Time Director and CEO  Amit Paithankar said, "Our solar business continues to be strong, and we are rapidly advancing in the adjacencies of energy storage systems, green hydrogen, inverters and renewable infrastructure".
The momentum in this space is stronger than ever, and the company is well-positioned to capitalise on it, the statement said.
The US contributed 15-20 per cent of the company's revenue mix, Paithankar said.
In January, the company, through its US-based subsidia

q3 results

A regional jet and a helicopter collided near Washington National Airport on Wednesday, triggering a search operation in the Potomac River while flights were halted

Plan

Markets Today Highlights: Among the broader markets, the Nifty Smallcap 100 index gained 0.12 per cent, while the Nifty Midcap 100 index edged lower by a marginal 0.01 per cent

A Teflon resilience in markets that won’t let declines stick

A Teflon resilience in markets that won't let declines stick

US public health officials have been told to stop working with the World Health Organisation, effective immediately.
A US Centers for Disease Control and Prevention official, John Nkengasong, sent a memo to senior leaders at the agency on Sunday night telling them that all agency staff who work with the WHO must immediately stop their collaborations and await further guidance.
Experts said the sudden stoppage was a surprise and would set back work on investigating and trying to stop outbreaks of Marburg virus and mpox in Africa, as well as brewing threats from around the world. It also comes as health authorities around the world are monitoring bird flu outbreaks among US livestock.
The Associated Press viewed a copy of Nkengasong's memo, which said the stop-work policy applied to all CDC staff engaging with WHO through technical working groups, coordinating centres, advisory boards, cooperative agreements or other means  in person or virtual. It also says CDC staff are not allowed 

WHO, World Health Organization

Stocks to watch on January 27, 2025: Tata Steel reported a Q3 net profit of Rs 29.5 crore, a significant decline from Rs 52.2 crore Y-o-Y

equity trading volumes, share market

Israeli Prime Minister Benjamin Netanyahu is hoping to meet with President Donald Trump in Washington as early as next week, according to two US officials familiar with preliminary planning for the trip.
Should the trip come together in that timeframe, Netanyahu could be the first foreign leader to meet with Trump at the White House since his inauguration last week.
The officials, who spoke on condition of anonymity because the planning remains tentative, said details could be arranged when Trump's special Middle East envoy, Steve Witkoff, travels to Israel this week for talks with Netanyahu and other Israeli officials.
The White House had no immediate comment on the plans, which were first reported by Axios. Netanyahu's spokesman, Omer Dostri, said Monday on the social platform X that the Israeli leader has not yet received an official invitation to the White House.
An Israeli official, however, said Netanyahu is expected to go to the White House in February but did not have a dat

Benjamin Netanyahu, Benjamin, Netanyahu, Israel PM

In general, India's the opposite of China: If Beijing built too much infrastructure, New Delhi built too little. But the flashy new metro systems in smaller cities are an exception

Delhi metro

Domestic budget carrier SpiceJet on Tuesday said it is set to re-induct one of its grounded Boeing 737 Max aircraft into operations from January 29, as part of its plan to put all these planes back into service in a phased manner.
The first such plane is set to be deployed on high-demand markets such as Jeddah and Riyadh, starting Wednesday, it said.
Grounded for several months, the aircraft's return marks a significant milestone in the airline's fleet restoration and operational enhancement efforts, SpiceJet said in a statement.
Under its ongoing fleet restoration plan, the airline aims to bring ten aircraft, including four Boeing 737 MAX planes, back into service by mid-April and this is the first 737 MAX aircraft to be brought back under the exercise, it said.
In addition to this, SpiceJet said it has since October last year added 10 aircraft to its fleet, comprising three previously grounded planes and seven newly-leased aircraft.
This has enabled the airline to expand its net

Spicejet

Executive chairperson has contended that her appointment is valid till 2028; Next hearing in the matter on February 4

Rashmi Saluja, chairperson, Religare

Secretary of State Marco Rubio says President Donald Trump's desire to acquire Greenland and retake control of the Panama Canal is driven by legitimate national security interests stemming from growing concerns about Chinese activity and influence in the Arctic and in Latin America.
Ahead of a trip to Central America that will start in Panama this weekend, Rubio said Thursday that he could not predict if Trump would succeed in buying Greenland from Denmark or restoring American authority over the Panama Canal while he is office. But he said the attention that Trump will give to both would have an impact.
What I think you can rest assured of is that four years from now, our interest in the Arctic will be more secure; our interest in the Panama Canal will be more secure, Rubio said in an interview with SiriusXM host Megyn Kelly.
Rubio will arrive in Panama on Saturday on his first official foreign trip as America's top diplomat, signalling the importance that both he and Trump place o

Marco Rubio

Two countries  India and China  have the most tariffs but no inflation, an American businessman nominated by US President Donald Trump to be his commerce secretary told lawmakers on Thursday, making a point that there is no relationship between tariffs and inflation.
The two top countries with tariffs, India and China, have the most tariffs and no inflation, it is just nonsense that tariffs cause inflation. It is nonsense, Howard William Lutnick, former head of Cantor Fitzgerald, told members of the Senate Commerce, Science, and Transportation Committee during his confirmation hearing.
He assured senators that the economy of the United States of America will be much, much better. A particular product's price may go up, but all of them, this is not inflationary, he asserted.
Responding to questions, Lutnick said the United States is treated horribly by the global trading environment. They all have higher tariffs, non-tariff trade barriers and subsidies. They treat us poorly. We need 

Howard Lutnick, Trump's Commerce nominee

Chief among those worries is the fact that DeepSeek states in its own privacy terms that it collects and stores data in servers in China

deepSeek, deepSeek AI, AI chatbot

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Trump's desire for Greenland, Panama Canal legit amid China concerns: Rubio

India, China have most tariffs, no inflation: US commerce secy nominee

DeepSeek's AI restricted by 'hundreds' of companies amid concerns over leak

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Waaree Energies Q3 results: Net profit grows multifold to Rs 506.8 cr

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