REC records highest ever annual net profit
Notably, for the entire FY24, the company's net profit was Rs 14,145.46 crore, up from Rs 11,166.98 crore in FY23.
Notably, for the entire FY24, the company's net profit was Rs 14,145.46 crore, up from Rs 11,166.98 crore in FY23.
Sensex closed 189 points, or 0.25 per cent, lower at 74,482.78 while the Nifty 50 closed the day at 22,604.85, down 39 points, or 0.17 per cent.
Furthermore, escalation in the Iran-Israel conflict could exert upward pressure on the value of imports, it added.
Residential property sales across categories reached 85,000 units in January-March, growing 8per cent year-on-year.
Manipal Hospitals announced on Monday that it has signed a binding agreement to acquire an 87 per cent stake in Kolkata-based hospital chain Medica Synergie.
"NTPC has geared up to meet the increasing demand and the generation from NTPC group stations have registered a 23 percent growth compared to the previous year."
This pause in prices came after fuel prices increased for 41 days in the current financial year. The 41 increases have taken up petrol prices by Rs 11.44 per litre in Delhi. Similarly, diesel rates have increased by Rs 8.74 per litre in the national capital.
The top gainers on the Sensex were Bharti Airtel, Bajaj Finance and Asian Paints while auto and banking stocks were under selling pressure
"We still see recovery in three phases. First, domestic, then regional markets such as intra-Asia, intra-Europe, intra-Americas, and finally long haul, international routes."
The taxes on this industry remain high. For every Rs 100 of revenue, Rs 35 go in various forms of levies. We hope that as we step up and do our part, the government will also favourably look at some of the genuine demands of the industry enabling a multiplier effect and positive outcome,"
