NTPC net profit up 6 per cent at Rs 2,840 crore in June quarter
Posted on 10th August 2019 |
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| State-owned power giant NTPC on Saturday posted a 5.63 per cent rise in its consolidated net profit to Rs 2,840.28 crore in the June 2019 quarter. Its net profit was Rs 2,688.96 crore in the corresponding period a year ago, the company said in a BSE filing. Total income on a consolidated basis rose to Rs 26,272.24 crore in the said quarter from Rs 24,148.50 crore a year ago. Gross power generation of the NTPC Group for the April-June 2019 was 76.63 billion units (BUs) as against 76.92 BUs in the same period of 2018. The average power tariff of the firm was Rs 3.63 per unit in the quarter under review. The company’s plant load factor or capacity utilisation (PLF) of coal-based projects dropped to 73.91 per cent in the June 2019 quarter from 77.98 per cent a year earlier. Its domestic coal supply dipped to 42.28 million tonne in the April-June period from 43.04 million tonne a year ago. Coal imports by the company went up slightly to 0.89 million tonne in the said quarter from 0.09 million tonne a year ago. NTPC Group’s total installed capacity increased to 55,126 MW as on June 30, 2019, from 53,156 MW as on June 30 of the previous year. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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