Business

Union Minister of Petroleum and Natural Gas, Shri Hardeep Singh Puri chaired a Ministerial Roundtable on Clean Cooking on the second day of India Energy Week 2025. Shri Puri highlighted India’s remarkable success in ensuring universal access to clean cooking gas through targeted subsidies, strong political will, digitization of distribution networks by Oil Marketing Companies (OMCs), and nationwide campaigns promoting cultural shifts towards clean cooking. The session brought together representatives from Brazil, Tanzania, Malawi, Sudan, Nepal, and industry leaders including…

Steel Authority of India Limited (SAIL) has declared its financial results today for the quarter and nine month ending 31st December, 2024. Key highlights: Performance of Q3 FY 25 (Standalone) at a glance:   Unit Q3 23-24 Q2 24-25 Q3 24-25 Crude Steel Production Million Tonne 4.75 4.78 4.63 Sales Volume Million Tonne 3.81 4.10 4.43 Revenue from Operations Rs. Crore 23,345 24,675 24,490 Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) Rs. Crore 2,319 3,174 2,389 Profit Before Exceptional Items…

The Reserve Bank of India in the process of consolidating Supervisory Evaluation (ISE 2023) have delved into several contingency actions including strengthening Section 47 with Section 46 of the Banking Regulation Act, 1949. The Apex Banking Institution has reiterated on its core objectives. Regulatory compliance is an organisation’s adherence to laws, regulations, guidelines and specifications relevant to its business processes. Violations of regulatory compliance often result in legal punishment. Consequences of Non-Compliance: Businesses that don’t comply with regulations are at…

Jammu : REC Limited, a Maharatna CPSE and a leading NBFC under the Ministry of Power, has signed an agreement with Chenab Valley Power Project Limited (CVPPL) to provide a term loan of ₹2147.508 crore (Rupees Two Thousand One Hundred Forty-Seven Crore & Fifty Lakh Eighty Thousand only).  The loan will be utilized for the development and construction of the greenfield Pakal Dul Hydro Electric Project, a 1000MW capacity hydroelectric project with a total estimated cost of ₹12,669.67 crore. The…

DILEX to enhance exports and employment aligning with ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives Council for Leather Exports targets $47 bn by 2030, with special focus on footwear & leather exports The Council for Leather Exports (CLE) is going to organise the Delhi International Leather Expo (DILEX) 2025, on 20-21st February at Yashobhoomi, ICC Dwarka, New Delhi. DILEX is a premier B2B event designed to provide a robust platform for manufacturers and exporters to showcase their latest collections, innovations,…

Delhi : The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the period ended December 31, 2024.   Operational and Financial Highlights: Q3 FY25 vs Q3 FY24 (Standalone) –   Net Profit: ₹4,029 crore Vs ₹3,269 crore, up by 23% –   Net interest income: ₹4,930 crore Vs ₹4,153 crore, up by 19% –   Net credit-impaired assets reduced to 0.74% from 0.82% –   Revenue from operations: ₹14,157 crore Vs ₹11,982 crore, up by 18% –   Disbursements: ₹54,692 crore Vs ₹46,358 crore, up by 18% –  …

REC Limited, a Maharatna Public Sector Enterprise and a leading NBFC- IFC under the Ministry of Power, Government of India, has been awarded ‘Gold Shield’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category ‘ICAI Awards for Excellence in Financial Reporting for the financial year 2023-24’. The prestigious recognition reflects the commitment of our Company to excellence in financial reporting, transparency and adherence to the highest standards of accounting practices. The selection has been made based on the…

Consolidated EBITDA increased by 29% to Rs. 12,377 crConsolidated PBT increased by 21% to Rs. 5,220 crIncubating Businesses EBITDA up by 77% to Rs. 7,674 cr Synopsis Consolidated financial highlights 9M FY25 (YoY) • Revenue increased by 6% to Rs. 72,763 cr • EBITDA increased by 29% to Rs. 12,377 cr driven by continued strong operational performance by ANIL Ecosystem and Airports • PBT increased by 21% to Rs. 5,220 cr Business highlights • Navi Mumbai airport successfully conducted first…

Ahmedabad : Adani Ports and Special Economic Zone Limited (APSEZ) today announced its results for the quarter and nine months ending 31st December 2024.  Particulars (Rs Cr) Q3 FY25 Q3 FY24 YoY 9M FY25 9M FY24 YoY Cargo (MMT) 113 109 4% 332 311 7% Revenue 7,964 6,920 15% 22,590 19,814 14% EBITDA1 4,802 4,186 15% 14,019 11,820 19% PAT2 2,518 2,208 14% 8,038 6,089 32% 1. EBITDA excludes impact of forex on relevant balance sheet items as 31st Dec ’24 and…

Vide a press release no. 2024-2025/2019, Mr. Puneet Pancholy, Chief General Manager of the Reserve Bank of India has published the Payment System Report, December 2024. This report covers important developments in the payment trajectory, and provides an in-depth analysis into the United Payment Interface, in addition to analysing the trends in payment transactions carried out using various payment systems in India during the last five calendar years up to 2024. RBI has decided to publish the report bi-annually on…