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 ...
Christopher Duckworth, a 30-year-old from Newton-le-Willows, operated a drug supply line named "Ducky", selling heroin and crack cocaine, according to The Metro. After customers complained about the substandard quality of the drugs, Duckworth apologised and distributed free samples as compensation.
On July 29, 2023, police observed Duckworth engaging in suspected drug dealings at a residence on Junction Lane in St Helens. Upon searching him, officers found 260 Pounds in cash and two mobile phones, one of which was continuously receiving messages requesting drugs.
Following his arrest, Duckworth was released but continued his drug activities. He was apprehended again, despite attempting to destroy evidence by smashing mobile phones. At Liverpool Crown Court, Duckworth expressed remorse, stating he "needs to change his ways".
According to The Metro, Liverpool Crown Court heard yesterday that Duckworth had been seen dealing drugs from a home on Junction Lane, St Helens, last summer.
When he was searched, he had 260 Pounds in cash and two mobile phones, one of which was 'ringing constantly' as messages requesting drugs popped up.
Prosecutor Iain Criddle said messages advertising heroin, crack cocaine and class C substance pregabalin for sale were found on the phone, but added: 'On occasions, some users were complaining about the quality and or quantity of that which had been supplied to them.
"The defendant dealt with these complaints and was in a position, on occasion, to apologise for the poor quality or low quantity of the drugs and say, as a form of compensation, that next time they could have two extra wraps for free."
"Clearly, the defendant has some responsibility over the supply chain rather than being somebody who is simply told to go out and supply wraps of heroin and crack cocaine to users."
from NDTV News- Special https://ift.tt/D5FnHbU
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