Business

New Delhi, May 27 State-owned NMDC on Tuesday reported that its consolidated net profit rose 5 per cent to Rs 1,483.18 crore in the March quarter, led by rise in revenue from sale of iron ore and pellets. In an exchange filing, the company had reported a net profit of Rs 1,415.62 crore in the fourth quarter of 2023-24. NMDC's total income rose nearly 9 per cent to Rs 7,497.17 crore in the last quarter of FY25 from Rs 6,908.37 crore in the fourth quarter of FY24. Iron ore sales stood at Rs 6,350.49 crore, while sale of pellets and other minerals contributed Rs 662.07 crore. For the full FY25, net profit grew 17 per cent to Rs 6,538.82 crore from Rs 5,571.25 crore in FY24. Total income grew to Rs 25,498.84 crore from Rs 22,678.73 crore in the same fiscal. The board of directo...

New Delhi, May 26 Zinc prices rose by 40 paise to Rs 257.15 per kg in futures trade on Monday amid strong spot demand. Zinc contracts for June delivery rose 40 paise, or 0.16 percent, to Rs 257.15 per kg on the Multi Commodity Exchange in a business of 2,244 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a rise in demand from consumer industries, market sources said.

New Delhi, Sajjan Jindal-led JSW Steel on Friday reported that its consolidated net profit rose 13.54 per cent to Rs 1,501 crore in the March 2025 quarter due to reduction in expenses. The company said in an exchange filing that it had a net profit of Rs 1,322 crore in the January-March period of the previous fiscal. The company's total income during the fourth quarter declined to Rs 45,049 crore from Rs 46,511 crore in the fourth quarter of FY 2024. However, JSW Steel reduced expenses to Rs 43,032 crore from Rs 44,401 crore in the same quarter a year ago. For the full FY25, the company's net profit declined 61 percent to Rs 3,491 crore as against Rs 8,973 crore in FY24. "The profit after tax of Rs 1,501 crore in the fourth quarter is after considering a charge of Rs 44 cro...

New Delhi, May 22 Gold prices in the national capital on Thursday rose by Rs 200 to Rs 98,650 per 10 grams on increased demand from local jewellers and stockists, according to the All India Sarafa Association.Gold of 99.5 percent purity rose by Rs 200 to Rs 98,200 per 10 grams (inclusive of all taxes) on Thursday.In contrast, silver prices in local markets rose by Rs 2,040 to Rs 1,01,200 per kg (inclusive of all taxes) on Thursday.Strong global trends and rising tensions in the Middle East also supported local prices, the association said."Gold prices continued to rise as the US dollar remained under pressure following fresh concerns over economic stability," said Chintan Mehta, chief executive officer, Abans Financial Services.US President Donald Trump's proposed budget, which includes s...

New Delhi, May 22: Copper futures prices rose 0.24 percent to Rs 862.85 per kg on Thursday due to increased spot demand. The price of copper contracts for June delivery on the Multi Commodity Exchange rose by Rs 2.10 or 0.24 percent to Rs 862.85 per kg in a business turnover of 5,270 lots. Analysts attributed the rise in copper prices to higher bets by participants.