Month: January 2023

‘Madhushala mein gaushala’: Uma Bharti launches convert liquor shops into cow shelters campaign

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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BJP veteran Uma Bharti on Tuesday sought to link rise in cases of crime against women in Madhya Pradesh, ruled by her party, to consumption of alcohol and pushed for converting liquor outlets which are being operated in violation of rules into cow shelters.

Ending her four-day-long stay at a temple in Bhopal, Bharti announced the launch of “Madhushala Me Gaushala” (cow shelters in place of liquor outlets) programme in support of her demand for a ”controlled” liquor policy in the state.

On Saturday afternoon, the former Madhya Pradesh chief minister reached a temple located near a liquor shop in Ayodhya Nagar trisection of the state capital and announced she will stay there till January 31, awaiting announcement of a new liquor policy by the government.

She ended her four-day-long stay at the temple on Tuesday as the state government has delayed its liquor policy announcement.

Addressing the media here, Bharti claimed a liquor shop located near the famous Ram Raja Sarkar temple at Orchha in Niwari district, located around 350km from Bhopal, was illegal.

”Without waiting for the liquor policy, I will start converting liquor shops, which are being run in contravention of rules, into cow shelters,” she said.

Bharti said she has told people to arrange 11 cows to be put up outside the ”illegal” liquor shop in Orchha.

“Will see who dares to stop me… will feed these cows and arrange water for them at the liquor shop,” said the former Union minister.

Governments are being formed in the name of Lord Ram, but a liquor shop has been allowed to come up near the Ram Raja Sarkar temple in Orchha, she said.

Quoting an unnamed report, Bharti said the BJP-ruled Madhya Pradesh is leading in crime against women and liquor consumption was one of the reasons for this disturbing trend.

Bharti said the BJP is winning elections due to the ”magic” of Prime Minister Narendra Modi.

“People have the choice to elect good or bad people in a democracy… When one has a choice between bad and very bad, the people elect the bad, which is not an achievement… Forming a government is not a big deal but the big thing is to develop a healthy society and ensure protection of women and the future of children,” the BJP leader maintained.

She alleged a section of the BJP has been trolling her over her drive against liquor consumption and linking it to her political ambitions.

Bharti said she has held the post of CM, served as a Union minister and now only the position of Prime Minister is left to be achieved, but very few politicians can occupy that top office.

”Will I get that post (of PM) due to liquor prohibition agitation? A section of the BJP is spreading such things,” she said.

Bharti also threatened that she will start now revealing what the ministers, MPs and MLAs talk to her during as such people are continuously meeting her.

The senior BJP leader said during a meeting with Chief Minister Shivraj Singh Chouhan, the latter agreed to her suggestion to come out with a ”controlled” liquor policy.

Earlier, addressing a gathering, Bharti claimed women don’t want schemes like the recently announced Ladli Bahina Yojana (targeted at women from financially weaker section) but they instead want a controlled liquor policy.

Bharti said women roam freely at night in Gujarat like “lioness of Gir” and eat ’bhelpuri’ (a street snack) at midnight because prohibition is in force in the adjoining state.

Also read: No liquor for Delhiites on these 6 days, liquor vends as well as bars to remain shut on Republic Day

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

MGL reduces CNG price in Mumbai by Rs 2.50 per kg; leaves PNG prices unchanged

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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After nearly half a dozen times of hikes, the city gas utility Mahanagar Gas on Tuesday announced a reduction of Rs 2.50 per kilogram to Rs 87 a kg in the price of compressed natural gas (CNG), effective from Wednesday.

Mahanagar Gas Ltd (MGL), however, left the price of cooking gas PNG unchanged.

Since April 6, the price of CNG had gone up by Rs 29.50 per kilogram and that of piped natural gas (PNG) for residential use by Rs 18.50 at Rs 54.

CNG price on November 4, 2022 had peaked at Rs 89.50 per kilogram and that of PNG at Rs 54 a kg.

Also Read: Budget 2023 has to get deficit down to at least 5.8% of GDP, say economists

The state-owned company said the marginal cut in prices is in anticipation of the increased allocation of domestically-produced natural gas from high pressure-high temperature areas to distribution entities by the oil ministry, which lowers its input gas cost.

After this reduction, the retail price of the fuel will come down to Rs 87 per kg in and around Mumbai, MGL said in a statement.

This is the first price reduction since the second week of April 2022 when it had announced a price reduction following the massive cut in VAT on the fuel by the state government from 13.5 per cent to just 3 percent.

But on the same day, the Centre more than doubled the prices at source, leading to a massive increase by the utility from the second week of April. Since then it has been jacking up prices regularly.

On April 1, 2022 the price of CNG was reduced by Rs 6/kg to Rs 60 per kg, and PNG by Rs 3.50 to 36 per scm (standard cubic metre), following the reduction in Value Added Tax (VAT).

Also Read: Budget 2023: A look at how markets have performed to Budget announcements over past 5 years

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Boeing’s iconic jumbo B747 set to fly off into history

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The iconic jumbo B747, also called the ‘Queen of the Skies’, is set to fly off into history when Boeing delivers the last such plane to Atlas Air from its Everett manufacturing facility in Washington on February 1.

The US aircraft maker had rolled out the first B747-100 plane on September 30, 1968, while the first 747 entered service on launch customer Pan Am Airlines’ New York–London route on January 21, 1970.

In March 1993, the aircraft maker brought out the cargo version of the plane. However, in July 2020, after running the iconic jumbo aircraft programme for nearly 52 years, the aircraft maker announced it will end production of the ‘Queen of the Skies’ by the end of 2022 due to market preference.

Also Read: Vistara confirms misbehaviour by passenger on Abu Dhabi-Mumbai flight

Atlas Air was the final 747 customer with an order of four 747-8 freighters, according to Boeing. The last B747 was rolled out from the production facility on December 6 last year. In the 55-year period, Boeing built a total of 1,574 B747 aircraft with four engines for over 100 customers, including Air India.

“Truly the passing of an era, and of a slice of our lives. The Boeing 747 is what got many like me obsessed or even infatuated with aviation. It represented freedom to travel and see the wondrous world to me as a young boy growing up in Calcutta. The most beautiful aircraft ever!,” tweeted Jet Airways 2.0 CEO-Designate, Sanjiv Kapoor on the final delivery of the B747 plane.

Air India was one of the early customers for these planes, inducting the 500-seating capacity aircraft in the fleet as early as in 1971. Besides using them for commercial operations for a little over 50 years, Air India also used two of these planes for flying the VVIPs—President, Vice President and Prime Minister—which were replaced with two refurbished B777s in October 2020.

Also Read: Civil aviation minister Scindia inaugurates IndiaOne Air’s Jamshedpur-Kolkata commercial flight

The Directorate General of Civil Aviation deregistered all four 747 that Air India owned, thereby finally retiring them from the fleet.

After the Tata Group regained control of Air India in January last year, the airline decided to sell off these planes in November last year.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Infosys admits appeal against UK tax assessment: Report

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Software services major Infosys on Tuesday admitted that it has appealed against a corporation tax assessment by the UK authorities as British media reports referenced the company’s annual report to reveal the dispute.

Reports here are flagging that the firm co-founded by British Prime Minister Rishi Sunak’s father-in-law, Narayana Murthy, was contesting a GBP 20 million tax bill with His Majesty’s Revenue and Customs (HMRC) department.

The dispute, first revealed by ‘The Times’, comes at a sensitive time for Sunak who sacked his Conservartive Party chief, Nadhim Zahawi, after an investigation found he had breached the ministerial code of ethics over his tax affairs.

Also Read: Biocon likely to sell its 10 percent stake in Syngene on Feb 1

“Infosys provides details of certain ongoing disputes with various regulatory authorities, including this specific tax matter with HMRC,” an Infosys spokesperson told ‘The Times‘.

“The company has filed an appeal against a tax assessment in the UK and obtained a stay on the payment of the tax demand from HMRC,” the spokesperson said. There is no suggestion of wrongdoing by Infosys, the newspaper highlights.

Murthy quit Infosys in 2014 and is not involved with its operations. His daughter and Sunak’s wife, Akshata Murty, owns just over 0.9 percent of the Bengaluru-based company – a stake estimated by ‘The Sunday Times’ to be worth GBP 730 million.

Also Read: International Holding Company invests $400 million in Adani Enterprises FPO

Murty found her personal wealth under the spotlight in April last year when it emerged that she legally held non-domiciled tax status as an Indian citizen, which meant she did not have to pay tax on earnings from abroad, including from Infosys dividends.

She has since denounced her non-dom tax status saying it was not “compatible” with her husband’s job – who was then the chancellor of the country.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Budget 2023 | Surat textile traders seek government incentives for manufacturing readymade garments

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Surat is home to India’s largest synthetic fabric market. It houses over 75,000 textile traders who produce over 4.5 crore metres of cloth every day, across around 400 processing units and 8.5 lakh power looms. These are then sold in 200 wholesale markets, which house over 70,000 shops, and employ 15 lakh workers. But this textile hub is facing an unprecedented crisis: over the past few months, sales have hit a record low. Already, nearly 70 processing and dyeing units have had to shut shop.

According to Manoj Agarwal, President of Federation of Surat Textile Traders Association, production has grown but problem is in sale. He says, “We are seeing lot of difficulty in domestic sales. Inflation is impacting Surat’s textile market – because of inflation, clothes become last thing people buy. Production is a lot, but sale is the problem.”

The big problems: Rising prices of imported coal, lignite coal, and low demand.

Jitu Vakharia, President of South Gujarat Textile Processors Association says, “Earlier the coal cost was Rs 1 per meter. Today nothing is less than Rs 2.5-3.25 per meter of cloth – irrespective of whether it is ordinary cloth or high scale. Earlier we used to get coal on credit, but now we have to pay advance or against delivery.”

Changing fashion trends have also thrown a curve ball. People are choosing ready-made garments over sarees and that’s not good news for a saree hub.

Also Read: Budget 2023 wishlist | Startup founders want more debt from PSU banks

Rangnath Sarda, Director of Federation of Surat Textile Traders Association says, “We aren’t able to catch emerging trends – people are moving away from sarees, so we have to focus on emerging trends. However we don’t have skilled labour to shift to garments.”

This means workers have to reskill themselves… and that’s where industry hopes the government will step in.

Champalal Bothra, General Secretary of FOSTTA says, “Our needs are – skilled labour, R&D for new fabric etc. For small traders we included them in MSMEs – but the benefits for them aren’t there. When he goes to take a loan, he’s told to give some mortgage, so they don’t get easy loans.”

Surat’s textile industry has also been urging the government to set up a garment hub to help pivot towards ready-made garments. It’s a demand that’s 5 years old – and one that’s fallen on deaf ears.

Also Read: Textile entrepreneurs hope for better stability with reduction in freight charges, cotton prices

Being able to manufacture readymade garments will not only help them cater to growing domestic demand, but also give opportunity to trade internationally to tap exports. Currently less than five percent of the textile made in Surat is exported and this will give them massive opportunity in a tepid demand environment.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Kartik Aaryan’s Shehzada release delayed, reason sparks Twitter debate

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shah Rukh Khan’s epic comeback film Pathaan has been shattering box office records and has already made over Rs 500 crore since opening in theatres last week. This has however has turned out to be a problem for others in Bollywood. Kartik Aaryan is now delaying the release of his film Shehzada, which will now come out on February 17.

#KartikAaryan’s #Shehzada pushed by one week & will now release on 17th Feb. Kartik & makers of Shehzada doesn’t want to confront #Pathaan which is doing well & eat out each other business..

The Love & Respect Kartik has for #ShahRukHkhan is praiseworthy..

— Sumit Kadel (@SumitkadeI) January 30, 2023

According to a number of media sources, the decision to delay Shehzada’s publication was done “out of respect” for SRK, but netizens disagree.

Internet users quickly responded to the announcement, with some praising Aaryan and others reminding him that Marvel Cinematic Universe’s Ant-Man and the Wasp: Quantumania would also be released on February 17.

Worst decision ever. Antman and Quantumania Shehzada ki waat laga degi. Maine bhediya ke time bhi bola tha ki change the release date else Drishyam 2 craze will ruin this. Mark my words Antman will get a bigger opening than this movie and it’s lifetime business will also be more.

— prafull arjeria (@prafull_arjeria) January 30, 2023

Pathaan ne lag raha Mausam kuch zyada hi bigaad diya hai😂

— Raghib (@MagicianBoBo) January 30, 2023

mausam sach me bigad gaya hai #Pathaan

— Abhishek Kumar (@Abhisheyk_) January 30, 2023

Worst decision to shift 12th feb to 17th ,now it will direct clash with Antman and everyone knows how big craze for MCU movies …..

— Khiladi Kohli (@GoatKohli1818) January 30, 2023

Shehzada is a remake of the Telugu film Ala Vaikunthapurramuloo. The Hindi dub version of the original film will also be released on YouTube for free on February 2, which may have contributed to the decision to delay Shehzada’s release.

Also read: Salman Khan’s ‘Kisi Ka Bhai Kisi Ki Jaan’ teaser released with Shah Rukh’s ‘Pathaan’

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Economic Survey 2023 | Growth estimate of 6.5% for FY24 seems realistic, says former CEA

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Budget session of Parliament kicks off with the tabling of the Economic Survey 2023. The recovery is complete that’s the key message from the 371 page Economic Survey 2023 which was tabled in Parliament on Tuesday (January 31).

The survey has highlighted that India has moved on from its encounter with the pandemic and projected real GDP growth of 7 percent this fiscal. It has also forecast 6.5 percent real GDP growth and an 11 percent nominal GDP growth in FY24.

Speaking to CNBC-TV18, KV Subramanian, executive director of India at International Monetary Fund (IMF) and former CEA said the Economic Survey’s estimate of 6.5 percent growth for the financial year 2024 is realistic. He added that over the past 30 years, India has never been an outlier in terms of growth and inflation.

Also Read: Economic Survey optimistic, but need to raise private capex, says industry

In addition, Subramanian hopes that the government will focus on the implementation of existing Production-Linked Incentive (PLI) schemes, rather than rolling out new ones. He believes that proper implementation of existing PLI schemes will help boost the country’s growth and development.

In conclusion, India’s economic outlook appears to be optimistic, with a realistic growth estimate and a stable inflation outlook. The government’s focus on the implementation of current PLI schemes is a positive step towards further boosting the country’s growth and development.

Also Read: Economic Survey 2023 | If additional reforms are undertaken India can grow beyond 7%, says CEA Nageswaran

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Adani Group acquires Haifa port for $1.2 bn, Israeli PM Netanyahu lauds deal as ‘enormous milestone’

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Adani Group on Tuesday acquired the strategic Israeli port of Haifa for USD 1.2 billion and vowed to transform the skyline of this Mediterranean city as part of its decision to invest more in the Jewish nation, including opening an artificial intelligence lab in Tel Aviv.

Adani Group chairman Gautam Adani, whose business empire was rocked by allegations of fraud by US short seller Hindenburg Research, appeared alongside Israeli Prime Minister Benjamin Netanyahu for signing of the deal to takeover Haifa Port, and spoke of investment opportunities.

Prime Minister Netanyahu described the Haifa port deal with the Adani Group as an “enormous milestone,” saying it will significantly improve connectivity between the two countries in many ways.

The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise ships.

Also read: Adani Enterprises FPO fully subscribed with help from Indian conglomerates

“I think this is an enormous milestone…Over 100 years ago, and during World World I, it was the brave Indian soldiers who helped liberate the city of Haifa. And today, it’s very robust Indian investors who are helping to liberate the port of Haifa,” Netanyahu said.

The Prime Minister said that he discussed with his “good friend” Indian counterpart Narendra Modi this vision of “having connectivity between our countries in many ways, transportation lines and air routes and sea routes…and it’s happening today.”

He said what is happening today has historic importance because what “we see there is a tremendous boost for peace.” Netanyahu said the region will become an entry point and an exit point to a vast number of goods that reach the Mediterranean and Europe directly without having to go around the Arabian peninsula without having to go through three choke points.

“This is an unequivocal expression of confidence in the Israeli economy,” he said, adding that privatisation of the ports and the entry of new investors strengthen Israel’s economic strength, lowers the cost of living and creates new opportunities for import and export and strengthens ties between India and Israel.

On his part, Adani said his group will also develop real estate at the port to transform the Haifa skyline.

The 60-year-old Indian tycoon did not make any mention of the Hindenburg row that has already wiped out over USD 70 billion in value from his group stocks.

Also read: Adani Group’s port acquisition will turn Israel’s Haifa city into strong Mediterranean hub, says city’s Mayor

“We have initiated several dozen technology relationships wherein we have offered the entire Adani portfolio of companies to be a giant sandbox for us to learn together,” he said in his speech. “We are also in the process of setting up an Artificial Intelligence lab in Tel Aviv which will work in close collaboration with our new AI labs in India and US.” He later tweeted about his meeting with Netanyahu.

“Privileged to meet with @IsraeliPM @netanyahu on this momentous day as the Port of Haifa is handed over to the Adani Group. The Abraham Accord will be a game changer for the Mediterranean sea logistics. Adani Gadot set to transform Haifa Port into a landmark for all to admire,” Adani said in a tweet.

Privileged to meet with @IsraeliPM @netanyahu on this momentous day as the Port of Haifa is handed over to the Adani Group. The Abraham Accord will be a game changer for the Mediterranean sea logistics. Adani Gadot set to transform Haifa Port into a landmark for all to admire. pic.twitter.com/Cml2t8j1Iv

— Gautam Adani (@gautam_adani) January 31, 2023

The UAE forged diplomatic ties with Israel in 2020 under a series of US-brokered deals known as the Abraham Accords. Bahrain and Morocco followed suit.

The agreements spearheaded by then US President Donald Trump challenged the long-held view that there would be no relations between the Arab world and Israel while the Palestinian question remains unresolved.

In the last six years, Adani group has struck many critical partnerships with companies such as Elbit Systems, Israel Weapon Systems, and Israel Innovation Authority.

Adani Ports & Special Economic Zone Ltd in partnership with local chemicals and logistics group Gadot in July last year won an Israel government’s tender to buy the Haifa Port, a major trade hub on Israel’s Mediterranean coast, for about USD 1.2 billion.

Adani’s company has no holdings in the West, so its entry into Israel is a signal for increased maritime traffic between Asia and Europe, and the major Asian players’ need for a hub in the Mediterranean.

“The acquisition of the Haifa port also comes with a significant amount of real estate. And I promise you that in the years to come we will transform the skyline we see around us,” said Adani, the founder and chairman of the group.

“The Haifa of tomorrow – will look very different from the Haifa that you see today. With your support – we will deliver on this commitment and do our part to transform this city.” He expressed confidence in transforming the entire port landscape.

Also read: Most Adani stocks continue to be under pressure

“We realize that there will be competition from others, but our confidence comes from our belief in the people of Israel and therefore our belief in the Israel Growth story.”

“Our intention is to make the right set of investments that will not just make the Adani Gadot partnership proud but will make the whole of Israel proud,” he said.

Stating that the Israeli spirit makes all the difference, he said his group also aims to establish collaborative relationships with local colleges like the University of Haifa to be able to capitalise on the deep technology expertise available in this city.

Adani said India-Israel friendship dates back to September 23, 1918, when soldiers from the Indian cities of Mysore, Hyderabad and Jodhpur battled here for the freedom of Haifa.

“And earlier today, I had an opportunity to visit the cemetery where our soldiers were put to rest. It was a moving moment for me to reflect on the fact that the port we now share – is part of the same city – where soldiers from both our countries – fought side by side for the ultimate shared cause that we all call — Freedom,” he said.

He went on to state that Israel has always motivated him.  “You have rewritten the rules of what a country with a population of less than ten million can achieve. You have rewritten the rules by proving what a country with very few natural resources can achieve. And you have rewritten the rules by showcasing what a country with self-belief can achieve.”

The elasticity of Israel makes it the world’s most resilient nation. “Your pace of innovation across multiple sectors amazes me. Your drive for innovation makes me wonder how we can learn from you. You have focused on sustainable growth far before the world was talking about sustainability,” he said.

Also read: LIC says evaluating situation for further investment related decisions in Adani group

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Power Grid net profit rises 11% to Rs 3,645 cr in December quarter

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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State-run Power Grid Corporation on Tuesday posted a nearly 11 per cent rise in its consolidated net profit to Rs 3,645.34 crore in the December quarter compared to a year ago mainly on the back of higher revenues.

The consolidated net profit of the company was Rs 3,292.97 crore in the quarter ending December 31, 2021, a BSE filing showed.

The total income of the company rose to Rs 11,530.22 crore in the quarter from Rs 10,723.61 crore in the same period a year ago.

The board of directors in a meeting held on 31st January 2023 approved the payment of a second Interim Dividend of Rs 5 per equity share of Rs 10 each (or 50 per cent of the paid-up equity share capital) for the Financial Year 2022-23.

The company incurred a capital expenditure of Rs 5,429 crore and capitalized assets worth Rs 5,190 crore (excluding FERV) on a consolidated basis till 9MFY23, a company statement said.

The company’s Gross Fixed Assets on a consolidated basis stood at Rs 2,68,903 crore as on December 31, 2022, it stated.

During Q3FY23, 800 ckm (circut kilometer) transmission line and 6,450 MVA transformation capacity has been added, it also stated.

The total transmission assets of POWERGRID and its subsidiaries at the end of the quarter stood at 1,73,790 ckm of transmission lines, 270 substations and 4,93,000 MVA of transformation capacity.

With the use of state-of-the-art maintenance techniques, automation and digitization, it maintained average transmission system availability of 99.81 per cent for 9MFY23, it stated.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

How brands made a splash with movie associations

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow