Breaking News Archives - Page 116 of 133

11 May

A Delhi-bound Fatah-II missile shot down over Sirsa by Indian air defence missile system

MFNewsBreaking News, Opinions

#Delhiairdefence New Delhi: Indian radars detected a hypersonic ballistic missile — the Fatah-II — fired from Pakistan towards the national capital region this morning after which it was intercepted and shot down over Sirsa in Haryana. An Indian air defence missile system in the layered air defence integrated grid brought down the missile that has a range of 450 km. Sources said three systems were capable of bringing down a missile of this class. These were the Russian-origin S-400, the indigenous Akash NG and the Israel-origin MR-SAM. Advertisement One of these three engaged the missile near Sirsa, 220 km west…

10 May

Investor Education and Protection Fund Authority and SEBI Convene Strategic Preparatory Meeting for “Niveshak Shivir” Initiative

MFNewsBreaking News, Mutual Funds, Opinions, Technology

#IEPFASEBINiveshakShivir Mumbai: In a continued effort to enhance investor outreach and streamline the process of reclaiming unclaimed dividends and shares, the Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, organised a preparatory meeting in collaboration with the Securities and Exchange Board of India (SEBI) at the SEBI Office, Bandra-Kurla Complex (BKC), Mumbai on Friday i.e. May 9, 2025. The meeting was attended by Smt. Anita Shah Akella, CEO of IEPFA and Joint Secretary in the Ministry of Corporate Affairs, along with IEPFA officials; Shri Ananth Narayan G., Whole-Time Member, SEBI; Shri Shashi…

10 May

India, Pakistan agree to ceasefire, says Foreign Secretary Vikram Misri, Stop All Military Action On Land, Air, Sea

MFNewsBreaking News, Opinions

#IndiaPakCeasefire New Delhi: After four days of hostilities that alarmed the world, India and Pakistan have agreed to a ceasefire, stopping all military action as of 5 pm. India confirmed the ceasefire shortly after US President Donald Trump announced it on his Truth Social platform. "After a long night of talks mediated by the United States, I am pleased to announce that India and Pakistan have agreed to a FULL AND IMMEDIATE CEASEFIRE. Congratulations to both Countries on using Common Sense and Great Intelligence. Thank you for your attention to this matter!" Trump posted. Foreign Secretary Vikram Misri, in a brief…

10 May

Ravi Infrabuild Projects Ltd files DRHP with SEBI to raise up to ₹1,100 crore through IPO

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#RaviInfrabuildIPO Chandigarh: Ravi Infrabuild Projects Limited, a leading integrated civil construction company with a focus on roads, bridges, tunnels, and related infrastructure, has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) to raise up to ₹1,100 crore through an Initial Public Offering (IPO). According to D&B report, the company has emerged as one of the fastest growing engineering, procurement and construction (“EPC”) company in terms of Total Order Book and PAT, as of Fiscal Year 2024. The IPO comprises a fresh issue of equity shares aggregating up to ₹1,100 crore at face…

10 May

Bank of India reports Net Profit for Q4FY25 grew by 82% YoY to ₹2,626 crores

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#BoINetProfit2626cr Chandigarh: Bank of India announced its results for the quarter Q4 FY25 & FY24-25.Net Profit for FY25 stands at ₹9,219 crores witnessing growth of 46% YoY. Net Profit for Q4FY25 grew by 82% YoY to ₹2,626 crores, ROA and ROE for FY25 stand at 0.90% and 15.27% respectively. The bank reported Net Interest Income (NII) for FY25 increased by 6% YoY and Net Interest Margin (NIM) of Global and Domestic for FY25 stand at 2.82% and 3.10% respectively. Global and Domestic NIM for Q4FY25 stand at 2.61% and 2.91% respectively. Bank’s Global Advances grew by 13.74% with Domestic Advances…

09 May

NFO: Tata MF launches income plus arbitrage FoF

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#TataMFincomeplusFoF The NFO opens on May 5 and closes on May 19 Mumbai: Tata Mutual Fund has launched the Tata Income Plus Arbitrage Active Fund of Fund. This FoF will allocate 65% its total corpus to Tata Corporate Bond Fund and 35% to Tata Arbitrage Fund. Income Plus Arbitrage FoF is a new fund category and is similar to debt funds but with additional tax benefits compared to pure debt funds. Under this, any gains arising from FoFs will be considered long-term after 24 months. Such long-term capital gains will be taxed in line with equity taxation, i.e., at 12.5%…

09 May

Larsen & Toubro Another year of strong all-round performance

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#LarsenandToubroResults The order inflow for the quarter ended March 31, 2025 stood at ₹ 89,613 crore Chandigarh: Larsen & Toubro won orders of ₹ 356,631 crore at the group level during the year ended March 31, 2025, registering a sizable y-o-y growth of 18%. During the year, orders were bagged across multiple geographies and various segments like Renewable, Transmission & Distribution, Airports, Commercial and Residential Buildings, Metros, Hydel & Tunnel, Minerals & Metals, Thermal BTG, Precision Engineering and Offshore & Onshore vertical of Hydrocarbon business. International orders at ₹ 207,478 crore during the year comprised 58% of the total order…

09 May

We are very proud of our Indian Armed Forces for Operation Sindoor: Mukesh D Ambani

MFNewsBreaking News, Opinions

#RelianceproudIndianArmy Mumbai: We are very proud of our Indian Armed Forces for Operation Sindoor. India stands united, fierce in resolve and unshakable in purpose, against the scourge of all forms of terrorism. Under the bold and decisive leadership of Prime Minister Narendra Modi, the Indian Armed Forces have responded with precision and power to every provocation from across the border. Prime Minister Modi’s leadership has demonstrated that India will never remain silent in the face of terror and that we will not tolerate a single attack on our soil, on our civilians, or on the brave men and women who defend…

09 May

Kalyan Jewellers India Limited recorded revenue in excess of 25,000 Cr and PAT of Rs 714 crore FY25

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#KalyanJewellersRevenue25000Cr Chandigarh: The company recorded consolidated revenue of Rs 25,045 crore in FY25 as against Rs 18,516 crore in the previous financial year, a growth of 35%. Consolidated PAT for FY25 was Rs 714 crore as against a PAT of Rs 596 crore in the previous financial year. Consolidated revenue and PAT for Q4 FY25 was Rs 6,182 Cr and Rs 188 Cr respectively, a growth of 37% and 36% respectively. Standalone revenue (India) and PAT for Q4 FY25 was Rs 5,350 Cr and Rs 185 Cr respectively, a growth of 38% and 41% respectively. Middle East revenue and PAT…

08 May

Delhi South CGST officials bust GST ITC fraud worth ₹7.85 crore; Chartered Accountant arrested

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#GSTITCfraudCAarrested Investigations reveal misuse of over 80 GSTINs with a core group of 31 GSTINs engaged in circular trading, with no actual supply of goods or services New Delhi: In a major crackdown on Goods and Service Tax (GST) fraud, the CGST Delhi South Commissionerate has uncovered a fraud on a large-scale involving fraudulent Input Tax Credit (ITC) claims amounting to Rs. 7.85 crore (approx.) by a South Delhi based Chartered Accountant. Investigations revealed misuse of over 80 GSTINs (Goods and Services Tax Identification Numbers), mainly in the Palam/Dwarka area, linked to the Chartered Accountant’s email IDs and contact numbers.…