The quarterly result of Canara Bank shows that Net Profit stood at Rs. 3,757 crore, which grew by 18.33%. The Provision Coverage Ratio (PCR) is at 89.10% improved by 179 bps. Net-Interest Income also grew by 11.18%. Gross NPA Ratio stood at 4.23% down by 112 bps. The Board of Directors has recommended a dividend of Rs. 16.10 per equity share (i.e.161% of the face value of Rs 10 per share) for the year ended on 31.03.2024 subject to requisite approvals.

The initial public offering of Aadhar Housing Finance opens for the public today. The IPO comes at a price band of Rs 300-315. Its IPO closes on May 10 and the market lot is .47 shares. The initial public offering (IPO) of Aadhar Housing Finance, which is valued at Rs 3,000 crore, includes a fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore by the promoter BCP Topco VII Pte Ltd, which is an affiliate of Blackstone Group Inc. Currently, BCP Topc

Juniper Green Energy has announced a landmark Power Purchase Agreement (PPA) with SJVN, securing a 320 MW firm and dispatchable renewable energy contract. This agreement sets the stage for the development of approximately 1 GW of capacity across two states Gujarat and Rajasthan. This 25-year PPA, secured at a tariff of ?4.38 with state utility SJVN reinforces our commitment to sustainable energy and our strategic goals for growth. As our single largest project execution to date, this PPA prop

NTPC Green Energy Ltd (NGEL), a subsidiary of the public sector energy giant NTPC, has signed a memorandum of understanding (MoU) with Indus Towers Ltd to work together towards achieving India's green energy targets and the goal of a carbon-neutral economy. The main aim of this MoU is to collaborate on the development of grid-connected renewable energy projects, which could include solar, wind, energy storage, or other related solutions. Indus Towers Ltd (ITL) aims to gradually ex

Indian Coast Guard (ICG) and Jindal Steel & Power, signed a Memorandum of Understanding (MoU) in New Delhi for the supply of indigenous marine-grade steel to enhance the indigenous content in shipbuilding. Through this partnership, both entities have committed to fostering indigenization, enhance capabilities to produce and use these items in the Nation’s interest.  The MoU underscores the importance of public-private partnerships in addressing complex security challenges, emph

Indraprastha Gas Ltd (IGL), a state-owned company, has reported a consolidated net profit of Rs 433.29 crore for the fourth quarter of the fiscal year 2023-24. This marks a significant increase of 9% as compared to the same period in the previous year, when the company had reported a net profit of Rs 397.51 crore. However, there has been a decrease of almost nine percent from the previous quarter ending on December 31, when the company had recorded a net profit of Rs 475.45 crore. The company

The 5th Joint Group of Customs (JGC) meeting between India and Bhutan was held on May 6th-7th in Leh, Ladakh. The main objective of the meeting was to strengthen bilateral ties and address various issues related to customs and trade facilitation. The meeting was co-chaired by Surjit Bhujabal from India and Sonam Jamtsho from Bhutan. The key areas of cooperation that were discussed included the opening of new Land Customs Stations, the development of infrastructure, the automation of transit p

Private power producer JSW Energy has reported a 29% increase in its profit after tax (PAT) for the quarter ending on March 31, 2024. This rise in PAT is due to lower tax expenses. The company's consolidated PAT for the quarter stood at Rs 351.34 crore, up from Rs 272.05 crore in the same period last year. JSW Energy also reported that its revenue from operations was Rs 2,755.87 crore, which is a growth of three percent from the previous year. The company reported a 47% increase in EBI

New Delhi: Bharat heavy electricals limited has pioneered the development of indigenous coal gasification technology and has entered into a strategic partnership with Coal India Limited (CIL), which aims to reduce India's dependence on imported high-end chemicals and enhance the country's energy security by utilizing abundantly available domestic coal.

New Delhi: Shri Uday A Kaole, CMD, MCL visited CMPDI and Co-chaired a review meeting with Shri Manoj Kumar, CMD, CMPDI pertaining to various Coal mining related issues.