Jaiprakash Power Ventures' second quarter revenue rose 5.1% year-on-year, while profit before exceptional items and tax climbed nearly 79%. A Rs 511 crore provision for a settlement with NARCL weighed on earnings this quarter. JP Power Ventures's consolidated net profit fell 81.7% year-on-year to Rs 33.34 crore in the quarter ended Sept 30, compared with Rs 182 crore in the year-ago period. The decline followed a Rs 511 crore exceptional charge towards a proposed full-and-final settlement with the National Asset Reconstruction Company Ltd. (NARCL) over a corporate guarantee furnished by the company for loans to Jaiprakash Associates. Net profit fell 81.7% to Rs 33.3 crore as compared to Rs 182 crore the previous year in the same period. Revenue from operations increased 5.1% year-on-year to Rs 1,512.12 crore from Rs 1,438.30 crore. Total income rose to Rs 1,579.34 crore from Rs 1,478.49 crore. The company's September-quarter earnings therefore reflect the impact of ...
Nearly 1.2 crore central government employees and pensioners are awaiting the July 2026 Dearness Allowance (DA) and Dearness Relief (DR) revision. A three-percentage-point increase, from 60% to 63%, is expected, but the Centre has not announced the rate or approval date. With Diwali on November 8, employee organisations are pressing for the installment to be released before the festival. The Confederation of Central Government Employees and Workers wrote to the Cabinet Secretary on October 14, calling for nationwide lunch-hour demonstrations on October 16. Its demands included immediate declaration of the DA and DR installment due from July 1, alongside festive bonuses. The bonus announcements have since followed. Eligible central government employees will receive a 30-day ad-hoc bonus, capped at ₹6,908. More than 11.4 lakh railway employees will receive a separate 78-day productivity-linked bonus, with a maximum payout of ₹17,951. DA, however, adds to monthly earnings rather th...