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Power Grid shares witnessed good investor interest today. The stock rose 2.3% to hit an intraday high of ₹295.25 per share. As of 3:00 pm, Power Grid shares were trading 2.0% higher at ₹294.5 per share. This surge in share price comes after the company announced the acquisition of MEL Power Transmission (MPTL), a project-specific special purpose vehicle (SPV) set up by PFC Consulting Ltd, under the tariff-based competitive bidding (TBCB) route. MPTL will be acquired at an aggregate consideration of approximately ₹8.53 crore, comprising 10,000 equity shares at par at Rs 10/- per share and the assets and liabilities of MPTL as on the date of acquisition. MPTL will be engaged in the business of transmission of electricity.  The company has not yet started commercial operations,...

New Delhi, June 4 Aluminium prices rose by Rs 2.05 to Rs 242.55 per kg in the futures market on Wednesday as speculators created fresh deals amid a positive trend in the spot market. The price of aluminium contract for July delivery rose by Rs 2.05, or 0.85 per cent, to Rs 242.55 per kg on the Multi Commodity Exchange in a business turnover of 415 lots. Analysts said fresh bets by traders amid demand from consumer industries supported aluminium prices in the futures market.

New Delhi, June 3: Zinc prices on Monday rose by Rs 1.40 to Rs 252.40 per kg in futures trade amid strong spot demand. The price of zinc contract for June delivery on the Multi Commodity Exchange rose by Rs 1.40, or 0.56 per cent, to Rs 252.40 per kg in a business turnover of 3,545 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a pick-up in demand from consumer industries, market sources said.

Sun TV Q4: Sun TV Network reported a 10.4% y-o-y decline in its consolidated net profit to ₹371.6 crore in the March FY25 quarter. The company had posted a profit of ₹414.7 crore in the same period last year. In the quarter under review, the media company's revenue from operations stood at ₹940.6 crore, down 2.2% from ₹961.3 crore in Q4 FY24. Sun TV's operating efficiency declined as its EBITDA (earnings before interest, tax, depreciation and amortisation) fell 18% from ₹429 crore in Q4 FY25. In Q4FY24, its EBITDA was ₹523 crore. Moreover, its EBITDA margin declined to 45.61% from 54.5%. However, the Chennai-based company's total income grew 7.44% to ₹1,135.86 crore in the quarter ended March 31, 2025, as against ₹1,057.24 crore in the same period last year. Sun TV share perfo...

Shares of telecom giant Vodafone Idea (Vi) fell over 3 percent on May 30 and traded at Rs 6.92 per share. This sharp fall in share price comes ahead of the telecom giant's earnings announcement scheduled today. Notably, Vodafone Idea's board is set to approve a fund-raising plan, the company had informed the exchanges. The fund-raising plan to be announced by the company will be actively monitored given the company's mounting dues. Earlier this year, the telecom giant had cautioned the government that it cannot operate beyond the current fiscal year 2026 without its support and may have to take the bankruptcy route.  VIL CEO Akshay Mundra said in a letter to the DoT secretary, "Without timely support from the Government of India on AGR, VIL will not be able to operate beyond...

New Delhi, Crude oil prices rose by Rs 57 to Rs 5,248 per barrel in futures trade on Wednesday as participants increased the size of their deals due to strong spot demand. Crude oil contracts for June delivery on the Multi Commodity Exchange traded higher by Rs 57, or 1.1 percent, at Rs 5,248 per barrel, with a turnover of 11,966 lots. Analysts said crude oil prices rose in futures trade as participants increased their bets. Globally, West Texas Intermediate crude prices rose 0.21 percent to $61.10 per barrel, while Brent crude prices rose 0.31 percent to $64.29 per barrel.

New Delhi, May 28: Realty firm Suraj Estate Developers has reported a 5 percent drop in consolidated net profit for the March quarter 2025 to Rs 18.28 crore. Its net profit stood at Rs 19.29 crore in the same quarter a year ago. Total income in the quarter rose to Rs 137.16 crore from Rs 103.03 crore a year ago, according to a regulatory filing on Tuesday. During 2024-25, the company's net profit rose to Rs 100.15 crore from Rs 67.49 crore in the previous year. Total income rose to Rs 553.17 crore from Rs 415.70 crore. Since incorporation, Suraj Estate Developers has completed 42 projects with a developed area of ​​over 10.47 lakh sq ft in the south-central Mumbai region. In addition to the completed projects, the company has 13 ongoing projects with a developable area of ​...

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...