Spicejet profit after tax jumps nearly three-fold to Rs 325 crore in Mar qtr
The Gurugram-based airline had posted a PAT of Rs 119 crore in the fourth quarter of FY24, according to a regulatory filing.
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United News of India
16 minutes ago
- United News of India
KTR appears before ACB again in Formula-E Racing fund misuse case
Hyderabad, June 16 (UNI) Bharat Rashtra Samithi (BRS) Working President K T Rama Rao (KTR) appeared before the Anti-Corruption Bureau (ACB) officials on Monday in connection with the ongoing investigation into alleged irregularities related to the Formula-E car racing event. The hearing began at 1000 hours at the ACB office in Banjara Hills. KTR arrived at Telangana Bhavan by 0900 hours and later proceeded to the ACB office accompanied by his legal counsel, Ramachandra Rao. The ACB had issued a summons to him on June 13. This marks KTR's second appearance before the ACB in the case. He was previously questioned for nearly six and a half hours on January 9. The case pertains to the alleged misappropriation of government funds during the BRS regime to support the Formula-E race in Hyderabad. Posting on X (formerly Twitter) on Friday, KTR said, 'I have been summoned by the ACB to appear for investigation on Monday at 1000 hours in the Formula-E race case, where Rs 44 crore was transferred from bank to bank, and the money is very much in the account of FE. As a law-abiding citizen, I will attend and fully cooperate with the ACB officials.' According to the FIR filed by the ACB, the Hyderabad Metropolitan Development Authority (HMDA) allegedly transferred funds amounting to Rs 44 crore to London-based Formula E Operations (FEO) in violation of established procedures. The payment was reportedly made as the state's share for sponsoring the second edition of the Formula-E race in Hyderabad. While the first edition in early 2023 was sponsored by the private firm Ace Nxt Gen, the company is said to have declined to support the second edition. Subsequently, KTR, who was then Minister for Municipal Administration and Urban Development (MAUD), allegedly directed senior officials to ensure that HMDA covered the costs. ACB officials claim that this was done without following due process. The ACB has already questioned several key individuals, including former MAUD Principal Secretary Arvind Kumar, and representatives from Ace Nxt Gen and FEO. Meanwhile, the BRS has strongly criticised the investigation, calling it politically motivated. Party leaders have demanded a fair and transparent probe, alleging that the case is being used as a tool for a political vendetta. Through a post on the social media platform X, KTR expressed strong displeasure against the Congress government. He stated that the ongoing enquiries, commissions, and what he described as political harassment by the Congress party would not deter them. KTR affirmed that these actions would not stop the BRS from exposing the government's alleged failure in implementing the promised six guarantees. He further accused the Congress of deceiving the public with what he termed "420 promises and declarations," and asserted that no matter how many conspiracies are hatched, they will not succeed in silencing the BRS. UNI VV ARN
Hans India
17 minutes ago
- Hans India
Ponguleti ploughs field, extends erukava greetings
Khammam: Revenue Minister Ponguleti Srinivasa Reddy inaugurated the Eruvaka programme at Kusumanchi Mandal Centre as part of his visit to Palair constituency on Sunday. The minister donned the hat of a farmer and took to the fields ploughing it much to the attraction of the attendees. Later, he extended Erukava greetings to farmer brothers and women labourers. Speaking on the occasion, the minister hoped that this year's rains will make Telangana the top dairy exporter in the country. 'I am happy to have participated in the Eruvaka programme organised by the farmers of the Palair constituency that I love so much,' he said, adding, 'Happy Eruvaka to the farmers who work tirelessly across the state to provide food security to the people of the country.' 'By the grace of God, the southwest monsoon greeted us fifteen days early this year. The agricultural season has also begun,' said the minister. 'The government has made plans to catch every drop of water. I wish that all the farmers in the state are happy and contented.' Adding a note on the government's schemes for farmers, he lauded the Indiramma government for encouraging farmers and improving their financial situation. 'For agriculture, we will give Rs 12,000 for investment for every eligible acre from tomorrow. On behalf of the people of the state, we thank the Chief Minister,' assured Ponguleti. 'The government is working with all sincerity to implement the promises made to the farmers. Plans have been prepared to supply quality seeds and fertilisers without any problems,' he said. 'Even after the collapse of Kaleshwaram, we are the first state in the country in terms of grain production. We are implementing programmes like free electricity, farmer assurance, quality seeds according to plan,' said the minister.
United News of India
21 minutes ago
- United News of India
Sensex rises by 202.33 points
Mumbai, June 16 (UNI) The BSE Sensex on Monday recovered by 202.33 points to 81,320.93 in early trade as buying was seen in IT, capital goods , oil& gas and technology shares. The Nifty advanced by 77.70 pts at 24,796.30. Sensex registered intraday high and low at 80,758.08 and 80,354.59 respectively. The Nifty registered the day's high at 24,805.00 and low at 24, 703.60 pts. Midcap rose by 116.74 points and small cap advanced by 192.33. Sectoral gainers were energy by 0.087 pc, FMCG by 0.02 pc, IT by 0.39 pc, utilities by 0.13 pc, capital goods by 0.28 pc, power by 0.04 pc and tech 0.57 pc. Sectoral losers were Funancials by 0.02 pc, healthcare by 0.02 pc, telecom by 0.11 pc, auto by 0.58 pc, consumer durables by 0.03 pc and metals by 0.32 pc. Sensex gainers were Powergrid by 1.23 pc to Rs 289.20, Bharti Airtel by 1.07 pc to Rs 1,861.90, Ultratech by 0.97 pc to Rs 11,329.45, HCL by 0.67 pc to Rs 1,706.15 and TCS by 0.66 pc to Rs 3,469.75. Sensex losers were Tata Motors by 3.69 pc to Rs 685.25, Adani Ports by 1.02 pc to Rs 1,390.95, Axis Bank by 0.69 pc to Rs 1,197.60, SBIN by 0.44 pc to Rs 788.90 and Indus Bank by 0.42 pc to Rs 815.25. UNI JS PRS
