Mumbai, May 28 (IANS) Deepak Fertilisers and Petrochemicals Corporation Limited on Thursday reported a 50 per cent decline in fourth-quarter earnings (Q4 FY26) as higher maintenance and efficiency enhancement costs related to its ammonia plant weighed on margins.The company posted a 50 per cent year-on-year fall in consolidated net profit at Rs 139.4 crore for the quarter ended March 2026, compared with Rs 277 crore reported in the corresponding quarter of the previous financial year (Q4 FY25), …
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New Delhi, April 11 (IANS) The Supreme Court has reiterated that the right to vote and the right to contest an election are not fundamental rights but statutory rights created by law, and can therefore be regulated or restricted through legal provisions. While upholding eligibility conditions prescribed for candidates contesting elections to cooperative dairy bodies in Rajasthan, a Bench of Justices R. Mahadevan and Sanjay Karol observed that “neither the right to vote nor the right to contest…
Mumbai, April 4 (IANS) HDFC Bank on Saturday reported a widening gap between credit and deposit growth in the March quarter, as strong loan expansion continued to outpace relatively slower deposit mobilisation, keeping the bank’s credit-deposit ratio elevated.The bank’s gross advances rose around 17 per cent year-on-year (YoY) to nearly Rs 25 lakh crore as of March 31, compared to about Rs 21.4 lakh crore a year ago, according to an exchange filing.On a sequential basis, loan growth remained…
New Delhi, Feb 24 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Tuesday approved enhanced delegation to Power Grid Corporation of India Limited (POWERGRID), enhancing the permissible equity investment limit of the company from the current threshold of Rs 5,000 crore per subsidiary to Rs 7,500 crore per subsidiary — while retaining the existing cap of 15 per cent of the company’s net worth.The approval came under the extant guidelines dated …
Mumbai, Feb 12 (IANS) Hindustan Aeronautics Limited (HAL) on Thursday reported a strong financial performance for the December quarter of the current financial year (Q3 FY26) as the defence public sector company posted a 29.6 per cent year-on-year rise in its consolidated net profit.HAL’s profit after tax for the quarter stood at Rs 1,866.66 crore, compared to Rs 1,439.79 crore in the same period last financial year (Q3 FY25), according to an exchange filing.The company’s revenue from operat…