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 ...
External Affairs Minister (EAM) S Jaishankar on Saturday attended the launch of Indian historian Vikram Sampath's book 'Tipu Sultan: The Saga of the Mysore Interregnum' at the Indian Habitat Centre here in Delhi. S Jaishankar described Tipu Sultan as a "very complex figure in history," highlighting both his resistance to British colonial control and the controversial aspects of his rule. Speaking at the event, S Jaishankar said, "Tipu Sultan is actually a very, very complex figure in history. On the one hand, he has the reputation as a key figure who resisted the British colonial control over India, and it is a fact that his defeat and death can be considered a turning point when it came to the fate of peninsular India." However, S Jaishankar also noted the "adverse" effects of Tipu Sultan's rule in the Mysore region. "At the same time, he evokes strong adverse sentiments even today in many regions, some in Mysore itself," he ad...