Latest news with #481
The Star
3 days ago
- Politics
- The Star
Two former ministers jailed up to 25 years for graft
A court in Colombo sentenced two former ministers from the government of deposed president Gotabaya Rajapaksa on Thursday to decades in prison in a landmark corruption case. Ex-sports minister Mahindananda Aluthgamage and former trade minister Anil Fernando were found guilty by the Colombo High Court of misappropriating 53 million rupees (RM750,572) of state funds. The pair were also fined 170,870 rupees (RM8,481) for using government money to donate board games – including 14,000 carrom boards and 11,000 draughts sets – in an attempt to boost the failed 2015 re-election bid of Gotabaya's elder brother, Mahinda Rajapaksa. Aluthgamage was sentenced to 20 years in jail. Fernando was sentenced to 25 years. Aluthgamage is now the most senior member of a Rajapaksa-led Cabinet to be successfully prosecuted for corruption. The cases against both men were initiated six years ago, when the Rajapaksa brothers were out of power, but the case had been making slow headway until a new government took office last year. Aluthgamage also faces a separate investigation into allegations that he authorised in 2022 a payment of US$6.09mil to a Chinese supplier for a fertiliser shipment that was never delivered. He caused a stir in 2020 when he accused Sri Lanka's national cricket team of rigging the 2011 World Cup final in favour of India, triggering an investigation that ultimately failed to substantiate his claims. Aluthgamage, who served as sports minister from 2010 to 2015, said in June 2020 that he had 'not wanted to disclose' the alleged match-fixing plot at the time. 'In 2011, we were supposed to win, but we sold the match. I feel I can talk about it now. I am not implicating players, but certain sections were involved,' he said. — AFP
News18
21-05-2025
- Business
- News18
IndiGo Q4 Results: Airline Posts Highest Profit Of Rs 3,068 Crore, Rs 10 Dividend Declared
Last Updated: IndiGo's capacity in Q4 FY25 increased 21 per cent to 42.1 billion, while the number of passengers carried rose 19.6 per cent to 31.9 million. InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Wednesday reported a 62 per cent jump its profit after tax to its highest-ever of Rs 3,067.5 crore, mainly helped by strong air travel demand. Its total income during January-March 2025 rose to Rs 23,097.5 crore, compared with Rs 18,505.1 crore in the year-ago period. Its profit after tax had stood at Rs 1,894.8 crore in the corresponding period last year, according to a regulatory filing. IndiGo's board has recommended a dividend of Rs 10 per equity share. IndiGo's capacity in Q4 FY25 increased 21 per cent to 42.1 billion, while the number of passengers carried rose 19.6 per cent to 31.9 million. 'Driven by strong demand for air travel and execution of our strategy, for the financial year ended March 2025, IndiGo reported a healthy net profit of Rs 72,584 million. Excluding the impact of foreign exchange, IndiGo reported a net profit of Rs 88,676 million, maintaining similar strong performance to the last year. For the quarter ended March 2025, IndiGo reported a net profit of Rs 30,675 million, the highest fourth quarter ever," IndiGo said in the statement. In the March quarter, IndiGo's passenger ticket revenues climbed 25.4 per cent to Rs 195,673 million and ancillary revenues increased 25.2 per cent to Rs 21,525 million compared to the same period a year ago. At a briefing about the results, IndiGo CEO Pieter Elbers said the airline carried 118 million passengers in 2024-25. First quarter of fiscal year 2026, IndiGo said the capacity in terms of ASKs (Available Seat Kilometres) is expected to increase by mid teens as compared to the first quarter of fiscal year 2025. 'IndiGo had a total cash balance of Rs 481,705 million comprising Rs 331,531 million of free cash and Rs 150,174 million of restricted cash," the release said. The airline has a fleet of over 400 planes and operates more than 2,200 daily flights connecting domestic and international destinations. Shares of the company rose marginally to close at Rs 5,448 apiece on the BSE. (With inputs from PTI) First Published: May 21, 2025, 18:06 IST
News18
12-05-2025
- Business
- News18
SRF Q4 Results: Net Profit Jumps 24.59% To Rs 526 Crore, Income Rises 20.2%
Agency: PTI Last Updated: SRF Ltd's total income increases 20.23 per cent to Rs 4,215.17 crore during the January-March quarter of the 2024-25 fiscal as compared to Rs 3,505.92 crore year ago. SRF Ltd, a chemical sector-focused multi-business entity, on Monday posted a 24.59 per cent jump in consolidated net profit at Rs 526.06 crore in the fourth quarter of the 2024-25 fiscal on strong sales. Net profit stood at Rs 422.21 crore in a year-ago quarter, according to a regulatory filing. Total income rose 20.23 per cent to Rs 4,215.17 crore in January-March quarter of the 2024-25 fiscal as compared to Rs 3,505.92 crore in a year-ago. For the full 2024-25 fiscal, the company however reported a 6.35 per cent drop in consolidated net profit to Rs 1,240.78 crore from Rs 1,335.71 crore in the preceding year. SRF Ltd Chairman and Managing Director Ashish Bharat Ram said: 'We have finished the year on a very strong note, supported by seasonal factors." 'That aside, we will go into the new financial year carrying this momentum. 'However, we are dealing with a very volatile global economy at the moment and while we remain cautiously optimistic about the year ahead, the risks remain," he noted. As of March 31, 2025, the company has applied for 481 patents, with twelve patents applied during the quarter. To date, the company has been granted 151 patents globally. With an annual turnover of Rs 14,358 crore, the Gurugram-headquartered company's diversified business portfolio covers fluorochemicals, specialty chemicals, performance films and foil, technical textiles, and coated and laminated fabrics. First Published: May 12, 2025, 17:22 IST
India Gazette
09-05-2025
- Politics
- India Gazette
Kurukshetra Leads the Way in Natural Farming: MP Naveen Jindal
Jindal Steel & Power Limited Kurukshetra (Haryana) [India], May 9: Kurukshetra is emerging as a national model for natural farming, said Member of Parliament Shri Naveen Jindal at the inauguration of the three-day Agro-Tech Exhibition and Startup Conclave at Kurukshetra University. Held under the National Mission on Natural Farming, the conclave aims to accelerate sustainable agricultural practices through innovation and awareness. Addressing a packed auditorium of farmers, startups, and agricultural experts, Shri Jindal emphasised that Kurukshetra's sacred legacy is now guiding the future of chemical-free farming. 'Under the leadership of Prime Minister Narendra Modi and with guidance from Acharya Devvrat and Padma Shri Dr. Hariom, the movement for natural farming is gaining nationwide momentum,' he said. Highlighting government initiatives to increase farmers' income, he urged farmers to take proactive steps towards adopting natural methods that enhance soil health, conserve water, and ensure safe, high-value produce. 'Natural products are not only healthier but also command premium prices in the market,' he noted. The event showcased agri-tech innovations by startups and progressive farmers organized by Naveen Jindal Foundation in coordination with IRMA-ISEED. Shri Jindal encouraged farmers to begin small and scale gradually, making natural farming a household norm. 'This conclave should mark a turning point for sustainable farming across India,' he said. Next Steps for Livestock and Youth Empowerment Shri Jindal announced upcoming programs for livestock owners and youth, stressing the need to document livestock lineage to improve productivity and resilience in animal husbandry. On National Security Referring to Operation Sindoor, he expressed pride in India's armed forces and leadership, stating, 'India will not remain silent against attacks on innocents. Our commitment to peace will never mean compromising on security.' Rs2,481 Crore Push for Natural Farming Padma Shri Dr. Hariom shared insights on the Rs2,481 crore scheme under the National Mission on Natural Farming. Citing scientific research, he warned of the declining nutritional value of staple crops and rising chemical contamination in Haryana's groundwater. He lauded Shri Jindal's proactive advocacy for natural farming in Parliament and at the grassroots level. The event was attended by Pundri MLA Satpal Jamba, BJP District President Tejinder Singh Goldy, Padma Shri Dr. Hariom, senior officials, and local leaders. The conclave sets the stage for a greener, healthier, and more self-reliant agricultural future -- rooted in tradition, powered by innovation. (ADVERTORIAL DISCLAIMER: The above press release has been provided by Jindal Steel & Power Limited. ANI will not be responsible in any way for the content of the same)
