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

Markets Today Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent

The average daily trading volume (ADTV) for the futures and options segment climbed to a new record high of Rs 537 trillion in September, rising 7.2 per cent on a month-on-month basis. The ADTV for the cash segment, however, fell nearly 4 per cent to

The Trump Justice Department said Monday that it had fired more than a dozen employees who worked on criminal investigations into President Donald Trump.
The abrupt action targeting career prosecutors who worked on special counsel Jack Smith's team is the latest sign of upheaval inside the Justice Department and reflects the administration's determination to purge the government of workers it perceives as disloyal to the president.
The move, which follows the reassignment of multiple senior career officials across divisions, was made even though rank-and-file prosecutors by tradition remain in their positions across presidential administrations and are not punished because of their involvement in sensitive investigations.
A Justice Department official, who spoke on condition of anonymity to discuss the personnel move, confirmed the terminations were made by acting Attorney General James McHenry.
It was not immediately clear which prosecutors were affected by the order.
Smith himse

Donald Trump, Trump

Chrystia Freeland, the former finance minister who is running to replace Justin Trudeau as Canada's prime minister, said Monday Canada needs to release a retaliation list of goods the country would target if US President Donald Trump makes good on his threat to slap 25 per cent tariffs on Canadian goods.
A list of products worth 200 billion Canadian dollars (USD 139 billion) would send a message to US exporters about the harm tariffs would cause them, Freeland said in a statement.
Being smart means retaliating where it hurts, she said. Our counterpunch must be dollar-for-dollar  and it must be precisely and painfully targeted: Florida orange growers, Wisconsin dairy farmers, Michigan dishwasher manufacturers, and much more."
Now is the moment when Canada must make clear to Americans the specific costs that will accompany any tariff measures by the Trump administration.
Trump has said he will use economic coercion to pressure Canada to become the nation's 51st state. He continues to

Chrystia Freeland

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

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

Acknowledging the impact on families across the United States and abroad, including Russian nationals on board, he assured that efforts would be made to determine the cause of the disaster

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

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

US plane crash: Trump blames Obama, Biden for lowering air safety standards

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

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