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Politics

NTPC Q3 net profit up 23% to Rs 3,198 crore

NEW DELHI: State-run NTPC on Friday reported around 23% jump in consolidated net profit at Rs 3,198 crore in December quarter, mainly due to higher revenues. The company had posted a consolidated net profit of Rs 2,608 crore in October-December quarter of 2018, a BSE filing said. According to the statement, total income of the …

Politics

Air India has dues of over Rs 822 crore towards VVIP charter flights: RTI

NEW DELHI: Cash-strapped Air India, which is being disinvested by the government, has outstanding dues of over Rs 822 crore towards VVIP charter flights, according to latest data provided by the national carrier to an RTI response. In its RTI response provided on Wednesday to Commodore Lokesh Batra (retd), who sought to know the latest …

Health

Airtel Q3 loss at Rs 1,035 crore after interest provisioning on AGR dues

Telecom operator Bharti Airtel on Tuesday posted a consolidated loss of Rs 1,035 crore for the three months ended December 31, 2019, as the AGR-hit telco provisioned for interest component of its statutory dues. December Q3 scorecard marked the third straight quarter of losses for the company, which had logged a net profit of Rs …

Politics

PNB reports Rs 492 crore loss for Q3 on higher provisioning for NPAs

NEW DELHI: Punjab National Bank (PNB) on Tuesday reported a standalone net loss of Rs 492.28 crore for December quarter 2019-20 due to substantial increase in bad loan provisioning. The bank had posted a net profit of Rs 246.51 crore for the same period a year ago. In the previous September quarter, the bank had …

Finance

Mortgaged house to get a Rs 3 crore loan for my academy: Pullela Gopichand

Pullela Gopichand revealed all the hardships that he had to face to set up his academy in Hyderabad on the latest episode of India Today Inspiration. (File Photo: PTI) HIGHLIGHTS Pullela Gopichand set up his badminton academy in Hyderabad in 2008 The academy has 8 courts, a swimming pool, gynasium, cafeteria and rooms for athletes …

Politics

GST mop-up tops Rs 1.1 lakh crore on high filings, lower leakage

NEW DELHI: GST collections have topped Rs 1.1 lakh crore in January, rising nearly 8% compared to the Rs 1.02 lakh crore mopped up in January 2019, due to better compliance and plugging of leakage on the back of data analytics. At the current level, the collections are the highest since the nearly Rs 1.14 …

Politics

ITC Q3 net profit jumps 29% at Rs 4,047.87 crore

NEW DELHI: FMCG(fast moving consumer goods) major ITC on Friday reported a 29.03 per cent increase in its consolidated net profit at Rs 4,047.87 crore for the third quarter ended December 2019. The company had posted a net profit of Rs 3,136.95 crore in the October-December quarter of the previous fiscal. Net sales during the …

Politics

SBI profit jumps 41% to Rs 6,797 crore in Q3 on lower provisioning

NEW DELHI: The country’s largest lender State Bank of India (SBI) on Friday reported a 41 per cent jump in net profit to Rs 6,797.25 crore in the October-December quarter this fiscal compared to Rs 4,823.29 crore in the year-ago period. Consolidated income rose to Rs 95,384.28 crore in the third quarter from Rs 84,390.14 …

Politics

Government to get over Rs 39,500 crore under Sabka Vishwas Scheme

NEW DELHI: The government is expected to realise Rs 39,500 crore from the Sabka Vishwas Scheme, a dispute resolution-cum-amnesty scheme for settling pending disputes of service tax and central excise, according to sources. This will act as a big booster for the government, which is staring at revenue shortage from both direct and indirect taxes. …