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Under new CEO, tech major also makes changes to leadership, aligns with business verticals

Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), grew by nearly 17% on year to Rs 11,369.40 crore. Operating margin expanded a sharp 471 basis points to 29.06%.

NTPC will receive Rs 7,795 crore from the transfer of the coal mining business. This is based on the book value, payable through a combination of cash/equity shares/debt liability, the company said in an exchange filing.

​​Provisions and contingencies for the quarter was Rs 476 crore, compared to Rs 308 crore a year ago. Gross non-performing assets (NPA) as a percentage of the total loans was 2.17% as of June end, compared to 3.36% a year ago, and 2.51% a quarter ago.

The Indian equity market boasts an impressive market cap of over US$ 3.8 trillion, with nearly all of it attributed to India-incorporated companies. In our article published in ET in 2022, we emphasized on encouraging foreign companies to list in India as their secondary listing destination and conversely Indian-promoted companies that are presently incorporated and listed exclusively outside India to opt for Indian exchanges as their secondary listing platform.

This will be done by securitization of cashflows of 4 operational SPVs (special purpose vehicles) viz. POWERGRID Bhuj Transmission, POWERGRID Khetri Transmission System, POWERGRID Medinipur Jeerat Transmission System and POWERGRID Varanasi Transmission System up to March, 2034.

See, we have to be mindful of the fact that we are four months into a winning streak and from here the markets are positioned today and before I get into the macro it is important to understand where we are.

Bharat Rasayan, a smallcap company with a market capitalization of about Rs 3,798 crore, is a R&D driven chemical manufacturing company. It is engaged in the production of fatty acid anhydrides, grignard reagents, pharma intermediates, esters and solvents on a regular basis.

The index managed to close just above its 20-day moving average of 45350, which will act as a crucial support level, as a break below this level could lead to further selling pressure and potentially extend the downtrend, Shah said.

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