Read more about Expedite process of issuing visas to int l students: Senators to US govt on Business Standard. There are over 100,000 Indian students in the US and they contribute significantly to the American economy.
BEML s standalone net profit dropped 14.16% to Rs 159.94 crore on 66.33% increase in net sales to Rs 1,773.81 crore in Q4 March 2021 over Q4 March 2020.Profit before tax soared 25.30% to Rs 177.95 crore in Q4 FY21 as against Rs 142.01 crore in Q4 FY20.
During the financial year, BEML s net profit climbed 9.39% to Rs 74.80 crore on 17.45% rise in revenue from operations to Rs 3,557.21 crore in FY 2021 over FY 2020.
The board has recommended a final dividend of Rs 1.20 per equity share for the year ended 31 March 2021.
Meanwhile, the Ministry of Defence (MoD) has informed that the Department of Investment and Public Asset Management (DIPAM) and NITI Aayog have concurred to the proposal of incorporation of wholly-owned subsidiary (WoS) of BEML for demerger of surplus land and asset as part of BEML s strategic divestment process undertaken by Government of India (GoI).
Read more about Benchmarks off the day s low on Business Standard. The domestic equity benchmarks pared early losses in morning trade. The Nifty was trading below the 15,750 mark. Adani Group stocks crashed.