HPCL fourth-quarter profit falls nearly 4 per cent
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Total expenses rose 13.8 per cent to 646.21 billion rupees, while income from operations rose 13 per cent to 663.51 billion rupees.
State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted a nearly 4 percent fall in fourth-quarter net profit, hurt by higher expenses.
Net profit was 17.48 billion rupees ($257.04 million) in the three months ended March 31, compared with 18.19 billion rupees a year earlier, the company said on Tuesday.
That compares with the 17.59 billion rupees average estimate of 21 analysts, Thomson Reuters data showed.
Total expenses rose 13.8 per cent to 646.21 billion rupees, while income from operations rose 13 per cent to 663.51 billion rupees.
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The Aam Aadmi Party (AAP) on Wednesday ruled out the possibility of an alliance with the Congress for the upcoming Delhi Assembly elections. In a statement on X, the party declared, “Aam Aadmi Party will be fighting this election on its own strength in Delhi. There is no possibility of any alliance with Congress.”
The announcement follows media reports suggesting an impending seat-sharing arrangement between the Congress and AAP.
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Naxalites have killed a 35-year-old BJP worker in Chhattisgarh's Bijapur district while claiming he was acting as a police informer, an official said on Wednesday.
This is the fifth murder of a civilian by Naxalites in the district in the last seven days.
The latest incident took place on Tuesday night when the deceased, identified as Kudiam Mado, was at his house in Somanpalli village under Farsegarh police station limits, the official said.
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Congress MP Manickam Tagore on Wednesday targeted the Yuvajana Sramika Rythu Congress Party (YSRCP), asking whether the YS Jagan Mohan Reddy-led party will have the courage to support the opposition's motion seeking the removal of the Chairperson of the Rajya Sabha, Vice President Jagdeep Dhankhar.
"Will Jagan party have the courage to support the opposition's motion on the Rajya Sabha Chairman issue, or will he stay loyal to Modi and Shah while making empty statements?" Manickam Tagore said in a post on X.
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The shares of recently listed NTPC Green Energy were in high demand on Wednesday, as around 12.8 million shares of the company changed hands on the NSE.
NTPC Green Energy share price surged up to 5.28 per cent at Rs 154.40 on the NSE in the early morning trade of Wednesday. The stock’s up move came after the company said that NTPC Renewable Energy Ltd, a subsidiary has won a 500 MW solar power project in an e-reverse auction conducted by the Solar Energy Corporation of India (SECI) on December 9, 2024.
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Dhanlaxmi Crop Science IPO closes today: The initial share sale of Dhanlaxmi Crop Science, which opened for public subscription on Monday, December 9, 2024, is set to conclude today, Wednesday, December 11, 2024. The Rs 23.80 crore offering, which comprises an entirely fresh issue of 4,328,000 equity shares, has been oversubscribed by around 61 times, as per the NSE data.
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