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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

Anil Ambani tells UK court his ‘net worth is zero’ despite fleet of cars, private jet and yacht

LONDON: Former billionaire Anil Ambani, once the sixth richest man in the world, declared to a UK court on Friday his “net worth was zero” and that he was bankrupt. Three Chinese banks — Industrial and Commercial Bank of China Ltd (ICBC), China Development Bank and the Export-Import Bank of China — are suing Ambani …

Politics

ArcelorMittal reports $1.9 billion net loss in October-December

NEW DELHI: Global steel giant ArcelorMittal on Thursday reported a net loss of $1.9 billion for the quarter ended December, with the company calling 2019 a “very tough year”. The world’s largest steel maker had posted a net income of $1.2 billion in the year-ago quarter, the company said in a statement. The company reported …

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 …