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Jaiprakash Power Q2 Results: Net Profit Slips 81% To Rs 33 Crore On One-Time Loss

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 ...

Here's How to Get iPhone 14 Under Rs. 50,000 During Flipkart Big Diwali Sale

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 price cut of Rs. 1,000 on exchange, thus bringing the final sale pricing, including all offers, to Rs. 49,999.

Alternatively, customers can also pay a down payment amount of Rs. 19,999 at the time of purchase, and the remaining balance of Rs. 35,000 via no-cost EMI options. The sale price will go live when the Big Diwali Sale begins on November 2. The festive season sale will go on till November 11.

iPhone 14 specifications

The iPhone 14 launched last year in September, sporting a 6.1-inch Super Retina XDR OLED display with 1200nits peak brightness and support for Dolby Vision.

The base model iPhone 14 runs on Apple's A15 Bionic SoC. The handset features a 12-megapixel wide-angle camera and a second 12-megapixel sensor with an ultra-wide-angle lens with 120-degree field-of-view on the back. The front shooter is a 12-megapixel TrueDepth camera. The iPhone 14 also gets a flat-edge aerospace-grade aluminium frame, with Ceramic Shield material on the front panel, and an IP68 dust and water resistance rating.


Apple launched the iPad Pro (2022) and the iPad (2022) alongside the new Apple TV this week. We discuss the company's latest products, along with our review of the iPhone 14 Pro on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


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