TII Q2 net profit surges 27% to ₹121.42 crore
The Hindu
Tube Investments of India Ltd (TII) standalone net profit for the second quarter rose almost 27% to ₹121.42 crore. Revenue increased to ₹1,667 crore (₹1,087 crore). “The results are a testimony to the
Tube Investments of India Ltd (TII) standalone net profit for the second quarter rose almost 27% to ₹121.42 crore. Revenue increased to ₹1,667 crore (₹1,087 crore). “The results are a testimony to the resilience shown by us in bouncing back with a healthy performance with most businesses reaching or surpassing pre-COVID levels,” said chairman M.A.M. Arunachalam on Wednesday, chairman.
“I am also pleased to state that post TII’s acquisition of CG Power, the company is on its recovery path with very encouraging performance in all its business,” he said..
Gautam Adani and others indicted by SEC for fraud, bribery, and corruption in solar energy project scandal.
Shares of Adani Group companies lost about $28 billion in market value in morning trade on November 21 after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.
The rupee turned flat at 84.42 against the U.S. dollar in early trade on November 21, 2024, amid volatile crude oil prices and lackluster sentiment in the domestic equity markets.
Stocks of Gautam Adani’s seven listed companies on the bourses crashed on open after the New York Eastern district court indicted Gautam Adani, Sagar Adani, Vineet S. Jain and their associates and bribery and securities fraud on November 21, 2024
Gautam Adani faces arrest warrant in US over alleged fraud scheme, SEC charges him with bribery and fraud.
Bitcoin’s march toward $100,000 made further ground on Thursday as the coin crossed $95,000.
Billionaire Gautam Adani indicted in New York for bribery and fraud scheme, impacting Adani Group's financial plans.
SEC charges Adani Group chairman with defrauding American investors and bribing officials in multi-billion-dollar solar energy project scheme.
Country Club Hospitality and Holidays Ltd clears ₹600 crore debt, explores global partnerships, franchise model for growth and expansion.
Steel Secretary addresses concerns over cheap steel imports from FTA nations, highlighting challenges faced by domestic industry.
Stock markets in India closed for Maharashtra elections, with a bounce back in domestic indices observed on Tuesday.