Vinayak Barot

Business

Torrent Power reports Q2 FY 2023-24 results

November 9, 2023 Vinayak Barot 0

Torrent Power Limited, one of the leading power companies in India, registered a revenue of Rs 6,961 crore from its operations in the second quarter of FY 2023-24, up 4% compared to Rs 6,703 crore in the same quarter FY 2022-23. The company reported an EBITDA of Rs 1,330 crore in the Q2 FY24 against […]

Business

Refund: V-I wins Rs.1,128 crores battle as Bombay HC pulls up I-T for laxity

November 9, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: The Bombay High Court has directed the Income Tax department to refund Rs. 1,128 crores to Vodafone Idea Ltd which the telecom firm paid in taxes for the assessment year 2016-2017. I-T’s assessment order, passed in August 2023, was “time-barred and hence cannot be sustained,” the HC ruled on Wednesday. […]

Business

Irony: Russia wants to buy back the defense stuff from clients to continue the war in Ukraine!

November 9, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: When Russia invaded Ukraine on February 24, 2022, it self-assured to fold up the war in “48 to 72 hours.” Nearly 20 months on, as the longest war since the Second World War continues, the inconclusive conflict has turned into an embarrassment it can neither close nor continue without enough […]

Business

Roving Periscope: War being big business, 3 Hamas leaders amass USD 11 billion

November 9, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: Amid the ongoing war between Hamas and Israel, while many amongst the 2.3 million poor Palestinians struggle to get a morsel of food and a bottle of water, leaders of the ruling terror outfit have amassed huge wealth. Many of them are war merchants, living in comfort in Qatar, their […]

Business

H1 FY24 EBITDA jumps 49%, while revenue grew by 26% Y-o-Y

November 9, 2023 Vinayak Barot 0

Ahmedabad, 9 November 2023: Adani Ports and Special Economic Zone Ltd (“APSEZ”), today announced its results for the second quarter and six months ending 30th September 2023. (Amounts in Rs Cr) Particulars H1 FY24 H1 FY23 Y-o-Y Change Cargo (MMT) 202.6 177.5 14% Revenue 12,894 10,269 26% EBITDA# 7,429 4,980 49% PAT 3,881** 2,915 33% […]

Business

Torrent Gas appoints Manoj Jain as it’s Managing Director

November 9, 2023 Vinayak Barot 0

The Board of Torrent Gas Limited, a leading CGD player in the country with authorisations to distribute gas in 34 districts across the country, has approved the appointment of Mr. Manoj Jain as its Managing Director w.e.f. 1st January 2024. Prior to this, Mr. Jain was the Chairman and Managing Director of GAIL (India) Limited from February […]

Business

Economy: India to be among top three in ‘my third tenure,’ says PM Modi

November 8, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: Exuding confidence of a win in the forthcoming Lok Sabha elections, due by May 2024, two-term Prime Minister Narendra Modi on Wednesday said India’s economy will be among the top three during his third tenure. Addressing a public meeting in Damoh town of Madhya Pradesh, amid a campaign for the […]

Business

E-commerce: Amazon, Flipkart, and others to make deliveries using EVs in India

November 8, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: E-commerce majors Amazon and Flipkart, and other players, have launched programs in India envisaging cent percent deliveries using electric vehicles. Currently, Amazon India has a fleet of 6,000 EVs for making deliveries across 400 towns and cities in the country. It will increase the fleet to 10,000 in the next […]

Business

Roving Periscope: Amid peace efforts, rivals try to assassinate PA President Abbas in WB

November 8, 2023 Vinayak Barot 0

Virendra Pandit New Delhi: On the 33rd day of the war against Hamas, the Israeli Defense Forces (IDF) entered Gaza City, driving many civilians southward and planning to ‘reoccupy’ the Gaza Strip, while a rival terror faction tried to assassinate Palestinian Authority President Mahmoud Abbas on Wednesday amid international peace efforts. Meanwhile, attempts to […]

WhatsApp Image 2023-11-08 at 10.53.18 AM

Business

U.S. International Development Finance Corporation, America’s development finance institution, to fund CWIT, Adani’s JV in Sri Lanka, for USD 553 Million

November 8, 2023 Vinayak Barot 0

Colombo, 8 November 2023, U.S. International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India’s largest port operator Adani Ports and SEZ Ltd., Sri Lanka’s leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority – to the tune […]