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 recent interview with US President Donald Trump by TIME magazine has caused debate regarding the Crimean peninsula, which was annexed by Russia in 2014. Trump stated that "Crimea will stay with Russia” as part of potential peace negotiations with Ukraine, adding that Ukrainian President Volodymyr Zelensky understands this reality.
The Crimean peninsula has been a point of contention between Ukraine and Russia for years, with Russia annexing the region in 2014. Trump's comments suggest that he believes Crimea's fate is already sealed, with Russia maintaining control over the region. He pointed out that the people of Crimea largely speak Russian, implying that this demographic factor contributes to the region's ties with Russia. However, he also took a swipe at his predecessor, Barack Obama, saying, "But this was given by Obama. This wasn't given by Trump."
Zelensky has consistently maintained that recognising occupied territory as Russian is a red line for Ukraine, and Trump's comments may be seen as an attempt to push Ukraine towards negotiations.
In contrast to his comments on Crimea, Trump has also criticised Russian President Vladimir Putin for continuing to assault Ukraine. In a statement, Trump said, "I am not happy with the Russian strikes on KYIV. Not necessary, and very bad timing. Vladimir, STOP! 5000 soldiers a week are dying. Let's get the Peace Deal DONE!"
In response, Zelensky pointed out on Thursday that Ukraine had accepted a US ceasefire proposal 44 days ago as the first step toward peace talks, but Russian attacks have continued.
Trump also said that Ukraine will never join NATO and added, “From day one, that's what caused the war to start—talks of NATO membership".
Speaking to reporters Friday as he left the White House to attend the funeral of Pope Francis in Rome, Trump said there is no deadline for the conclusion of peace talks.
“I just want to do it as fast as possible,” Trump said. Negotiators are “pretty close” to a deal, he said.
from NDTV News- Special https://ift.tt/jwHqrh6
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