Read more about Power Grid, ACC, ITC to be watched on Business Standard. Power Grid Corporation of India reported 26.04% rise in consolidated net profit to Rs 3,367.71 crore on 8.67% rise in total income to Rs 10,795.08 crore in Q3 December 2020 over Q3 December 2019.
Read more about Hipolin reports standalone net loss of Rs 0.26 crore in the December 2020 quarter on Business Standard. Sales decline 25.43% to Rs 2.58 crore
Indian Energy Exchange have executed a share purchase and shareholders agreement by and between IEX, IGX (subsidiary
Company of IEX namely, Indian Gas Exchange (IGX)) and GAIL (India) (A
Government of India Undertaking- A Maharatna Company) (GAIL), for sale of 5% stake in IGX to GAIL consisting of 36,93,750 equity shares, having a face value of Rs 10 each for cash consideration of Rs 3.69 crore.
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The public sector bank posted a net profit of Rs 506.03 crore in Q3 FY21 compared with net loss of Rs 492.28 crore in Q3 FY20.
The bank s total income grew by 45.9% to Rs 23,298.53 crore in Q3 FY21 as against Rs 15,967.49 crore in Q3 FY20. The result was announced after market hours on Friday, 5 February 2021.
Net Interest Income (NII) for Q3 FY21 grew by 28% to Rs 8,313 crore in Q3 FY21 over Q3 FY20. Global Net interest margin improved to 3.09% in Q3 FY21 from 2.49% in Q3 FY20.
The bank s operating profit jumped by 69.8% to Rs 6,390.81 crore in Q3FY21 from Rs 3,762.90 crore in Q3 FY20. Punjab National Bank posted a profit before tax of Rs 958.21 crore in Q3 FY21 as against a pre tax loss of Rs 383.14 crore in Q3 FY20. Provision for taxes were sharply higher at Rs 452.18 crore in Q3 FY21 compared with Rs 109.14 crore in Q3 FY20.
Ministries of defence and railways and central public sector enterprises (CPSEs) are among the largest buyer organisations on the public procurement portal, GeM, a senior official said. Government e-Marketplace (GeM) portal was launched in August 2016 for online purchases of goods and services by all central government ministries, states and departments. GeM CEO Talleen Kumar said that they are introducing a range of software functionalities to address the unique and diverse procurement needs of these large buyers. These steps will enable these organizations to conduct their procurement with transparency, ease and efficiency to the fullest possible extent on the GeM platform. The volume of procurement conducted by the ministries of railways and defence and CPSEs has seen a steady upward trend since it was rolled out in 2016, he told PTI.