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 ...
The Congress on Saturday released its second list of 23 candidates for the November 20 Maharashtra Assembly elections, fielding a "strong" contender against state Bharatiya Janata Party President Chandrashekhar Bawankule.
Bawankule, who is recontesting Kamthi seat in Nagpur district - which he had bagged in 2004, 2009 and 2014 till he was dropped in 2019, will lock horns with Suresh Y. Bhoyar, a former President of the Nagpur Zila Panchayat.
Similarly, in Savner in Nagpur district, the Congress has fielded Anuja S. Kedar, the wife of former minister and five-term MLA Sunil C. Kedar, who was convicted in a graft case and disqualified. The daughter of the legendary cricket administrator and former Maharashtra Speaker SK Wankhede, whose name adorns the BCCI stadium in Mumbai, Kedar had filed her nomination papers as an Independent, but will now contest on a Congress ticket.
The Congress' second list comes two days after the first list with 48 candidates was issued as the party was purportedly in a tug-of-war with Maha Vikas Aghadi (MVA) ally Shiv Sena-UBT over certain seats in the Vidarbha region.
The others figuring in Saturday's list also include Rajesh Manavatkar (Bhusawal), Swati Wakekar (Jamod), Mahesh Gange (Akot), Shekhar Shende (Wardha), Girish Pandav (Nagpur South), Pooja Thavker (Bhandara), Dalip Banson (Arjuni-Morgaon), Rajkumar Puram (Amgaon), Vasant Purke (Ralegaon), Anil Balasaheb Mangulkar (Yavatmal), Jitendra Moghe (Arni), Sahebrao Kamble (Umarkhed), Kailas Gorantyal (Jalna), and Madhukar Deshmukh (Aurangabad East).
Vijay Patil will contest from Vasai, Kalu Bhadeliya from Kandivali East, Yashwant Singh from Charkop, Ganesh Kumar Yadav from Sion-Koliwada, Hemant Ogle from Srirampur, Abhay K. Salunkhe from Nilanga, and Ganpatrao Patil for Shiro).
Maharashtra Congress Legislative Party Leader Vijay alias Balasaheb Thorat is likely to call on NCP supremo Sharad Pawar and SS-UBT chief Uddhav Thackeray this afternoon to finalise the remaining seat-sharing ratio, including the number of seats that will be allocated to smaller allies, as the last date for filing nominations (October 29) approaches.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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