Business

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.

New Delhi, May 20, NLC India Limited on Monday reported that its consolidated profit for the quarter ended March 2025 rose four-fold to Rs 468.46 crore.The company had reported a consolidated profit of Rs 113.95 crore in the same quarter a year ago.NLC India Limited said in a notice to BSE that the consolidated income of the company in the January-March quarter declined to Rs 3,971.90 crore from Rs 4,034.53 crore in the same quarter a year ago.The company said in a statement that in addition to the interim dividend of 15 percent (Rs 1.5 per share) on the paid-up equity share capital already declared and paid, a final dividend of 15 percent for 2024-25 has been recommended, subject to the approval of the shareholders at the Annual General Meeting.NLC is a public sector company engaged in l...

New Delhi, May 19 Aluminium prices on Monday rose marginally by Rs 1.25 to Rs 239.10 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium for delivery in June increased Rs 1.25 or 0.52 percent to Rs 239.10 per kg in 2,154 lots. Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.

New Delhi, May 16: Petrol consumption rose nearly 10 percent in the first fortnight of May, as summer travel boosted fuel demand, according to provisional sales data from state-owned fuel retailers.Petrol consumption rose to 1.5 million tonnes during May 1-15, as against 1.37 million tonnes sold a year ago. Its demand was 10.5 percent higher than the 1.36 million tonnes consumed during May 1-15, 2023, and nearly 46 percent higher than the Covid-hit first fortnight of May 2021. Diesel sales rose 2 percent to 3.36 million tonnes, data from three state-owned fuel retailers that control nearly 90 percent of the fuel market showed. Consumption of the most widely used fuel in India has risen again from the previous month.Demand for diesel, the lifeline of transport and the rural agricultural...