NTPC Ltd.'s consolidated profit rose 7.3 per cent in the third quarter of fiscal 2024 on the back of net movement in regulatory deferral account balances, beating analysts' estimates. The state-run power producer's profit increased to Rs 5,208.9 crore in comparison with Rs 4,854.4 crore in the year-ago period, according to an exchange filing on Monday. Analysts polled by Bloomberg had estimated it at Rs 4,866.4 crore. Margin declined to 26.5 per cent, as compared with 32.4 per cent on the back of a drop in revenue and higher fuel costs. Revenue down 4 per cent at Rs 42,820.4 crore vs Rs 44,601.8 crore. Ebitda declined 21.5 per cent to Rs 11,362.1 crore vs Rs 14,477.6 crore.
Rashtriya Janata Dal chief Lalu Yadav has left the Enforcement Directorate agency office in Patna after he was questioned for nearly ten hours in the land-for-jobs case.
The first phase of the Rahul Gandhi-led 'Bharat Jodo Nyay Yatra' in West Bengal concluded on Monday as it crossed into Bihar from Islampur, with plans to resume its journey in the state on January 31. The Congress yatra has exposed internal rifts within opposition bloc INDIA in West Bengal, with the TMC, which has opted to contest the Lok Sabha elections independently, abstaining and the Left extending support. The yatra after a night halt in Siliguri travelled to Chopra in Uttar Dinajpur before moving to Islampur and finally entering Bihar. Party supporters and enthusiasts were seen greeting the Congress leader who was in a vehicle with a tight security cordon around the convoy. The yatra, which commenced in Manipur on January 14, entered West Bengal from Assam on Thursday morning, with a brief hiatus as Gandhi returned to New Delhi.
State-owned Punjab National Bank (PNB) on Monday said the board of the bank has given green signal for raising Rs 7,500 crore through Qualified Institutions Placement (QIP)/Follow-on Public Offer (FPO) during 2024-25. The decision in this respect was taken in a meeting held on January 29. The board gave nod for raising of equity capital for an amount aggregating up to Rs 7,500 crore in one or more tranches during FY2024-25 through Qualified Institutions Placement (QIP)/Follow-on Public Offer (FPO) or any other permitted mode or a combination, PNB said in a regulatory filing. The fund raising should be done in such a manner that the shareholding of the Government of India does not fall below 52 per cent, it added. Vodafone Idea, on Monday, reported Q3 net loss of Rs 6,985.9 crore. The company records marginal rise in revenue.
Amid strains of soulful music, the Beating Retreat ceremony, which marks the culmination of Republic Day celebrations, got underway at the Vijay Chowk here on Monday. The Raisina Hills in the heart of the national capital reverberated with the sound of captivating and foot-tapping Indian tunes played by military and paramilitary bands. President and Supreme Commander of the Armed Forces Droupadi Murmu arrived at the venue in the traditional 'buggy' adding to the old-world charm of the event that traces its origins to the early 1950s. Vice President Jagdeep Dhankhar, Prime Minister Narendra Modi, Defence Minister Rajnath Singh and several union ministers, Chief of Defence Staff Gen Anil Chauhan, the three service chiefs, senior officials, besides the general public are attending the mega event.
Bolstering PM Modi's vision of zero tolerance against terror, SIMI has been declared 'Unlawful Association' for five years under UAPA, says Amit Shah. SIMI found fomenting terrorism, disturbing peace and communal harmony to threaten sovereignty, security, integrity of Bharat.
Edtech major Byju’s to raise $200 million through rights issue.
Gail (India), on Monday, reported Q3 net PAT of Rs 2,843 crore. Its Q3 revenue from operations stands at Rs 34,254 crore. The company's year ago net PAT was Rs 246 crore and revenue was Rs 3,538 crore.
A parliamentary committee examining a bill seeking to raise the age of marriage of women from the present 18 years to 21 has been given another extension to table its report. The Budget session of Parliament beginning January 31 is the last session of the present Lok Sabha before parliamentary elections are announced. The committee will now finalise its report by May following the four-month extension while the term of the 17th Lok Sabha ends on June 16. The Prohibition of Child Marriage (Amendment) Bill, 2021, which was introduced in the Lok Sabha and remains pending there, is likely to lapse when the tenure of the House ends in June. Bills introduced in the Lok Sabha and pending there as well as those passed by the Rajya Sabha and pending in the lower house lapse on the dissolution of the Lok Sabha.
Indian Navy warship INS Sumitra is rescuing fisherman who were hijacked by Somali pirates 700 nautical miles west of Kochi in the Arabian Sea, ANI reported. The fishing vessel belonged to Iran and there were 17 crew members. The ship was hijacked by Somali pirates, defence officials in the know said.
Elections for 56 Rajya Sabha in 15 states will be conducted on on february 27. The last date for filing nomination papers will be February 15, according to a report published in India Today.
Prime Minister Narendra Modi on Monday addressed the seventh edition of Pariksha Par Charcha at the Bharat Mandapam in the national capital. The programme is a part of the larger movement- 'Exam Warriors'. During his address, Prime Minister Modi suggests parents, teachers, and students on diverse topics, ranging from tackling pressure in the exam hall to optimise their use of technology and social media platforms. While addressing these concerns, he also suggests parents to never sow the seeds of competition among children and rather they should be motivated to take inspiration from one another.
Prime Minister Narendra Modi to interact with students today on 'Pariksha Pe Charcha'. Taking to X, formerly known as Twitter, PM Modi on Sunday wrote, 'Looking forward to seeing you all tomorrow at 11 am for 'Pariksha Pe Charcha'. The programme is a part of the larger movement, known as 'Exam Warriors', led by PM Modi, in order to create a stress-free atmosphere. Minister of State for Education, Subhas Sarkar, on Sunday, held a press conference regarding Prime Minister Modi's interactive programme, wherein, students, parents, and teachers from across the nation and overseas interact and discuss ways to overcome the stress that emerges out of examinations.