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HSBC Investdirect Financial Services India standalone net profit declines 1.33% in the March 2025 quarter

HSBC Investdirect Financial Services India standalone net profit declines 1.33% in the March 2025 quarter

Sales rise 0.10% to Rs 42.13 crore
Net profit of HSBC Investdirect Financial Services India declined 1.33% to Rs 9.66 crore in the quarter ended March 2025 as against Rs 9.79 crore during the previous quarter ended March 2024. Sales rose 0.10% to Rs 42.13 crore in the quarter ended March 2025 as against Rs 42.09 crore during the previous quarter ended March 2024.
For the full year,net profit rose 17.34% to Rs 37.89 crore in the year ended March 2025 as against Rs 32.29 crore during the previous year ended March 2024. Sales rose 30.16% to Rs 185.46 crore in the year ended March 2025 as against Rs 142.49 crore during the previous year ended March 2024.
Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 42.1342.09 0 185.46142.49 30 OPM % 91.7992.56 - 91.8090.29 - PBDT 13.1512.65 4 51.3443.07 19 PBT 12.9412.57 3 50.9442.77 19 NP 9.669.79 -1 37.8932.29 17

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‘We don't have money and neither does Siddaramaiah': Karnataka Home Minister's joke triggers political storm
‘We don't have money and neither does Siddaramaiah': Karnataka Home Minister's joke triggers political storm

Economic Times

time37 minutes ago

  • Economic Times

‘We don't have money and neither does Siddaramaiah': Karnataka Home Minister's joke triggers political storm

Agencies Karnataka Home Minister G Parameshwara What started as a light-hearted remark at a local public function has ballooned into a full-blown controversy for the Karnataka government. Home Minister G Parameshwara, speaking at the inauguration of a fire station in Badami on Monday, made an offhand joke that has now gone viral and stirred political mudslinging. During his address, he encouraged Congress MLA BB Chimmankatti to think ambitiously for the region's development—once the heart of the Chalukya dynasty. 'Draft a plan worth Rs 1,000 crore for the development of Badami assembly constituency and send it to the Union government. We don't have money, and neither does Siddaramaiah,' Parameshwara said. The crowd burst into laughter, but not everyone found it one sentence, delivered with a smile, has now become a lightning rod for didn't stop there. To drive the humour home, he added, 'After providing rice, lentils, and oil, the funds are depleted,' before gesturing towards Excise Minister RB Timmapur and saying, 'The 'enne' (liquor or excise) minister is right here.' That remark, too, drew chuckles at the event. But what was laughed off at the venue quickly turned into a political weapon online. The viral clip has dominated regional news, with opposition parties questioning whether the Congress-led state government is financially sound enough to deliver on its intense scrutiny, Parameshwara addressed the media on Tuesday to clarify his comments. 'I have not said like that, who said there is no money?' he said. 'I have defended the government, saying we have presented a record budget… as someone said things jokingly during the speech, I reacted in a similar fashion, that's all.'The minister insisted that the state is on firm fiscal ground. 'A sum of Rs 22,000 crore has been allocated for irrigation in the budget. Allocations have been made for the five guarantee schemes, and instructions have been made to prepare an action plan for Rs 50 crore in every constituency.'He added, 'I'm now saying officially that there is no financial distress in our government. I'm saying it very clearly. Sometimes, there may be a delay in the release of funds, as DPR and estimates have to be prepared before releasing money. There may be some delay in that; other than that, there is nothing else.'Despite the home minister's assurance, his now-infamous line—'We don't have the money, and neither does Siddaramaiah'—continues to echo across political has handed opposition parties an easy talking point as they raise doubts over the state's ability to fund its much-publicised welfare include key programmes promised by the Congress government, such as monthly cash transfers to women heads of households, free electricity, and guarantees of essential grains and food items to below-poverty-line the minister's defence may satisfy party loyalists, the incident has exposed how quickly political humour can backfire—especially when public welfare and fiscal management are under the the people of Karnataka, what matters most is whether development goals and social safety nets continue uninterrupted. The government has its task cut out: to reassure both the electorate and critics that behind the smiles, the budget figures still add up.

Road Ministry mandates use of precast concrete elements in non-critical areas of national highway projects
Road Ministry mandates use of precast concrete elements in non-critical areas of national highway projects

Time of India

time38 minutes ago

  • Time of India

Road Ministry mandates use of precast concrete elements in non-critical areas of national highway projects

The ministry of road transport and highways has mandated the use of precast concrete elements for non-critical components of highway projects with a total civil cost of over Rs 300 crore. 'Use of precast concrete elements in built-up areas and urban municipal limits has several benefits such as reduced pollution, minimise user time delay, etc,' it said in a circular dated June 24. 'Need was felt to accelerate the use of precast concrete components to harness the benefits of precast technology in construction of national highways, expressways and other centrally sponsored road projects,' it added. This would be applicable for the new projects for which bids are received 90 days after the issue of this circular. The ministry has laid down minimum facilities, certifications protocol and quatity control as well as quality assurance for off-site manufacturing of precast concrete components and has issued a directive to ensure these are scrupulously followed to ensure quality of products. 'However, certification shall not be required for precasting being done at project site,' it said. As per the circular, Schedule 'B' or Schedule 'C' of the contract agreement for projects costing more than Rs 300 crore (civit cost) shall have the provision of mandatory use of precast concrete components (may be either factory-made or precast at project site, in contractor's own casting yard). The identified items or finished products which shall be mandatorily precast concrete includes box culverts of specified sizes, storm water drain cum footpath, chute drain with dissipation chamber, boundary wall, toe wall or fence, RCC crash barrier or RS wall friction slab, kerbs, channels and pedestrian as well as median railing. While the ministry has mandated all design, fabrication or casting and launching or installation of precast concrete components to be done as per relevant Indian Road Congress or Bureau of Indian Standards guidelines, it has allowed contractors to follow the established international guidelines till BIS guidelines are being developed.

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