Power Grid Q2 Results: Profit jumps 9% YoY to Rs 3,651 crore; revenue up 7%

Power Grid Q2 Results: Profit jumps 9% YoY to Rs 3,651 crore; revenue up 7%

New Delhi: Power Grid Corporation of India on Saturday reported a 9% year-on-year (YoY) rise in profit after tax (PAT) at Rs 3,651 crore for the September 2022 quarter. It reported a PAT of Rs 3,338.27 crore in the same quarter previous year. The company reported an increase of more than 7% in revenue from … Read more

The double-edged sword called pre-IPO investments

The double-edged sword called pre-IPO investments

While the Indian stock indices have climbed closer to their lifetime highs, the IPO market still hasn’t gained the same tailwinds. The reasons are two-fold: the focus on profitability has become key criterion investors now seek for new-age start-ups looking to get listed. Secondly, due to reducing liquidity scenarios, public markets have started to give … Read more

8 Great Back-to-School Gifts for Your Teacher

8 Great Back-to-School Gifts for Your Teacher

This story is part of Gift Guide, our year-round collection of the best gift ideas. There are few jobs as hard as a teacher’s, let alone more important. These people work to educate the adults of the future, and they don’t often get much thanks for the job, either. Some teachers can even imprint beautiful … Read more

Gujarat Assembly polls | Congress releases first list of 43 candidates

Gujarat Assembly polls | Congress releases first list of 43 candidates

Elections to the 182-member Gujarat Assembly will be held in two phases on December 1 and 5, while the votes will be counted on December 8 Elections to the 182-member Gujarat Assembly will be held in two phases on December 1 and 5, while the votes will be counted on December 8 Congress released the … Read more

Parrot steals reporter’s earphone live on air

Parrot steals reporter’s earphone live on air

A Chilean reporter was live on air when a parrot landed on his shoulder and stole his earphone. Nicolas Krumm, a journalist for the Chilevision channel, was speaking about the rise in robberies in the local area when the feathered fiend took his earphone. The cameraman tried to catch the bird to retrieve the earphone, … Read more

Powell snub leaves stock bulls facing ruthless valuation math

Powell snub leaves stock bulls facing ruthless valuation math

With hopes dashed of a Federal Reserve reprieve, investors are being forced to do something they’ve been trying to avoid all year: assess stocks on their merits. What they’re seeing isn’t pretty. The S&P 500 slumped 3.4% this week — reversing about half its rally since mid-October at one point — as Jerome Powell’s unwavering … Read more

Children among 10 feared dead in Iran crackdown, Amnesty says | CNN

Children among 10 feared dead in Iran crackdown, Amnesty says | CNN

CNN  —  Up to 10 people, including children, are feared to have been killed Friday in a crackdown on protests by Iranian security forces in the southeast of the country, human rights watchdog Amnesty International said. In several Twitter posts Friday, Amnesty said security forces had fired live ammunition at “peaceful protesters from the rooftops … Read more

Rush to cash is at fastest pace since pandemic: BofA

Rush to cash is at fastest pace since pandemic: BofA

Cash is king, with investors fleeing to the safety of cash funds at the fastest pace since the coronavirus pandemic as the Federal Reserve remains firmly hawkish, according to strategists at Bank of America Corp. The asset class had inflows of $62.1 billion in the week through November 2, according to a note from the … Read more

U.S., allies clash with China, Russia over North Korea missiles

U.S., allies clash with China, Russia over North Korea missiles

The United States and its allies have clashed with China and Russia over North Korea’s escalating ballistic missile launches and American-led military exercises in South Korea, again preventing any action by the divided U.N. Security Council The United States and its allies have clashed with China and Russia over North Korea’s escalating ballistic missile launches … Read more