New Delhi: National Aluminium Company Ltd (NALCO) has reported a stellar 107% increase in its Q4 profit at Rs.2,067.23 crore, even as the company saw a 158% rise in net profit to Rs.5,267.94 crore from Rs.1,988.46 crore. Revenues also increased substantially from Rs.13,149.15 crore to Rs.16,787.63 crore from last year. “Fuelled by strong aluminium and alumina prices, streamlined operations, improved efficiency, and momentum in expansion projects, NALCO has been able to continue its growth trajectory,” the company said in a press release. In this financial year, NALCO achieved its highest ever bauxite excavation of 76.48 lakh tonnes and highest domestic…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
Read More
New Delhi: Indian FMCG major ITC has reported a 247% YoY gain in the Q4 net profit to Rs. 19,562 as the company earned Rs.15,485 crore from the demerger of its hotel business. Excluding this, the adjusted profit after tax rose 3% YoY to Rs.5,155 crore, aligning with analyst’s expectations. Operational revenues rose to Rs.18,484 a 1.1% rise from Rs.18,290 crore a year ago, while the company’s EBITDA rose 3% YoY to Rs.6,080 crore. The company has announced a dividend of Rs.7.85 per share. After the interim dividend of Rs.6.50 per share paid on 7th March, the company has announced…
New Delhi: The Indo-Pakistan skirmish hasn’t just demoralised Pakistan, but has shown why messing around with India can cost them dearly. After Operation Sindoor, reports showed Pakistan tried to infiltrate into India with Turkish drones at multiple locations, even as Turkey’s President Recep Tayyip Erdoğan called restraint and did not blame anybody in a tweet just after the incident. Pakistan ile Hindistan arasındaki gerilimin çok sayıda sivilin şehit olduğu füze saldırılarıyla sıcak çatışmaya dönüşmesinden endişe duyuyoruz. Saldırılarda hayatını kaybeden kardeşlerimize Allah’tan rahmet, kardeş Pakistan halkına ve devletine bir kez daha başsağlığı diliyorum.… — Recep Tayyip Erdoğan (@RTErdogan) May 8, 2025…
New Delhi: Aditya Birla Fashion and Retail Ltd (ABFRL) will spin-off its premium lifestyle brands into a new entity, Aditya Birla Lifestyle Brands Ltd (ABLBL), as the company wants to unlock value for its shareholders. The company claims the demerger would also allow it to focus on niche markets while leveraging its strengths in distribution. On May 22, ABFRL shareholders will receive 1 share of ABLBL for every 5 shares held, both the entities will be listed on the BSE and NSE by next month. Lifestyle brands contribute to 85% of the company’s revenues. The new entity will manage brands…
New Delhi: IndusInd Bank reported a net loss of Rs.2,328.87 crore for Q4 FY2025 as against a net profit of Rs.2,043 crore in the same period last year, as an internal audit unearthed accounting discrepancies and mis-reporting of income. The bank has had to provision Rs.4,312 crore as a result of this. The bank’s Net Interest Income dropped from Rs.5,376 crore last year to Rs.3,048 crore this year, a decline of 45% YoY. “The Bank has appropriately accounted for and reflected the impact of all discrepancies identified in these reports while finalizing the financial results for the quarter/ twelve months…
Hyderabad: The Telugu film industry could face a major disruption as theater exhibitors in Andhra Pradesh and Telangana call for a bandh on June 1. Movie exhibitors, especially those operating single screen theaters, allege they are being sidelined to favour multiplexes. A marathon meeting was being held at the Telugu Film Chamber in Hyderabad, where leading producers like Dil Raju and Suresh Babu were meeting over 60 exhibitors to solve the dispute. With Mani Ratnam’s Thug Life starring Kamal Haasan and Kalki 2898 AD scheduled for a June release, this standoff could hurt the overall box office earnings in the…
New Delhi: Dixon Technologies (India) Ltd’s declared a net profit of Rs.401 crore for the quarter ending March 25, an almost quadruple rise from the Rs.97 crore profit for the same quarter last year. This stellar performance beat analyst’s expectations, as the company has boosted its operational efficiency in line with demand. Revenues rose 121% from Rs.4,658 crore to Rs.10,293 crore Y-o-Y. Earlier this year, this Noida-based electronics manufacturer announced a Rs.5 dividend, offering a dividend yield of 0.03%. With assistance from the government’s Production Linked Incentive (PLI) scheme, the company has been expanding manufacturing partnerships with Original Equipment Manufacturers…
Mumbai: Pune-based auto components manufacturer Belrise Industries’ IPO opens today for 23.8 crore shares with a price band of Rs.85-90 per share. This development comes after the company issued 7.16 crore equity shares valued at Rs.645 crore from anchor investors a day before its IPO. Belrise Industries had reported a net profit of Rs. 54.69 crore for Q1 FY25, a 29.2% increase from last year. The company’s revenue also grew 11.6% from Rs. 1,268 crore in Q1 FY 24 to Rs. 1,416 crore in Q1 FY 25. These strong financials make this IPO an investor favourite, with brokerages giving a…
New Delhi: Japanese Manga artist Ryo Tatsuki, also known as the Japanese ‘Baba Vanga’, has predicted a ‘real catastrophe’ in July 2025. Ryo’s predictions have been on point, correctly predicting the March 2011 earthquake and tsunami in northern Japan’s Tohoku region. According to an updated version of her 1999 manga comic, she talks of a crack that will open up between Japan and the Philippines in July 2025. The tremors from this will cause a tsunami ‘three times taller’ than the March 2011 earthquake. Travellers from mainland China and Hong Kong are particularly scared, accounting for a majority of the…
New Delhi: India’s biggest realty firm, DLF Ltd, reported a strong performance for Q4 FY25, with net profit rising 37% to Rs. 1,268 crore from Rs.919.82 crore last year. The company’s total revenue also increased to Rs.3,347.77 crore from Rs.2,316.7 crore, a 45% increase from the same period last year. The company has witnessed stellar growth in its residential property sales, where its upcoming luxury project DLF Privana West in Gurgaon selling out within hours. Its rental income also rose 3% as the company completed 2.7 million sq ft of leasing space and an additional 6.2 million sq ft is…
