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 ...
Flipkart is offering lucrative discounts on mobile phones during the festive season sale. During its upcoming Big Diwali Sale, which kicks off on November 2, the e-commerce website is claiming to offer the lowest prices of the year on iPhone models. As part of the sale, the base iPhone 14 could be available for as low as Rs. 49,999. Bear in mind that this offer price includes bank offers and other discounts. The iPhone 14 series launched last year at Apple's 'Far Out' event, with the base 128GB model starting at Rs. 79,900 in India. iPhone 14 price in India during Flipkart's Big Diwali Sale According to a teaser page for the upcoming Diwali sale, the base iPhone 14 with 128GB storage could be available under Rs. 50,000. The sale preview lists iPhone 14's base deal price as Rs. 54,999. Flipkart also promises an additional bank offer discount of Rs. 4,000 to customers using SBI credit card and Flipkart Axis Bank card. Further, the listing also includes an extra ...