Latest news with #PFC
Time of India
3 days ago
- Business
- Time of India
NBFCs may outperform banks as rate cut fears weigh on NIMs: Rajeev Agrawal
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel "If we look at some of the recent metrics that have come out in terms of the PMI and all that, they are looking pretty strong, interest rates are coming down. So, in general, the sense on India's macro looks pretty good and that is one of the reasons that the markets are going up but clearly, it is not a cheap market as you were saying earlier in the show," says Rajeev Agrawal That is the fun of today's times that things are changing so rapidly that you have to either focus on them or ignore them completely. One possibility is do not even worry about all these things and focus on the one is definitely the flows. We have seen FPIs come back into the market quite strongly, Indian markets. I think, also as financial year 25 has ended and that was a single-digit earnings growth, there is expectation that given that the lower base the earnings going into next year will be we look at some of the recent metrics that have come out in terms of the PMI and all that, they are looking pretty strong, interest rates are coming down. So, in general, the sense on India's macro looks pretty good and that is one of the reasons that the markets are going up but clearly, it is not a cheap market as you were saying earlier in the in terms of what we are buying, actually we are rotating a little bit. So, what we are doing is selling some of the more expensive names and then utilising the cash available to get into some of the more compelling opportunities in this where we are finding good opportunities continues to be financials where we think still there is this concern that interest rates are coming down which will have pressure on the NIMs especially for banks, but that may not be the case for the NBFC, so that could be one area that one could look at. Capital markets , again as the markets are coming back, some of the capital market players were hit quite hard when the correction came, so some of the markets either on the wealth side, asset management side, and as well as the capital markets, they continue to look quite interesting even at this in terms of financials, I am happy to give you some names, I know there are a lot of regulations around it, so I will just give the caveat that obviously this is not recommendation. But I think some of the power finance companies look pretty interesting to us. The power is going to be an area where there will be a lot of development in India given the power need and if we look at both PFC and REC, those companies should continue to grow their are not necessarily that expensive even in this market and the asset quality is improving, so that is one area that we basically remain bullish about. In terms of where we are, if we are selling some, I think some of the renewable energy areas are where there is enough value possibly or enough price now that one could look at starting to get out, I mean some of the solar names you can see that they have gone up quite a bit as the business has improved, but frankly running a bit ahead and then another one is the defence area where clearly the names have run up very quickly and there might be an opportunity for people to take some money off.
Yahoo
7 days ago
- General
- Yahoo
Concord mother finds solace in sharing the story of her son who died in Iraq
CONCORD, N.C. (QUEEN CITY NEWS) — A Concord mother who lost her son to the war in Iraq almost 15 years ago has turned her grieving into purpose by sharing her soldier's story, and another one, from her past. The sound of Taps can only mean one thing. The song is buried in years of pain for Susan McClamrock. 'I didn't realize I had carried it all of that time. I just knew I heard it, and I was like I've heard this before,' said McClamrock. She's referring to the song played at her son's funeral. 'He said, 'I think I'm supposed to do this, Mom'. He goes, 'I have prayed about it, and this is where God's leading me,' said McClamrock. Private First Class James McClamrock was newly married when he enlisted in 2009 and chose to fight for his country. 'There's the sandy-beach-James, out at the beach and then there's the Army-James,' said McClamrock looking through pictures. 'If you could have just known him, he was such a goober, he was so much fun.' McClamrock has her book of James. It includes pictures and letters he wrote his family during boot camp at Ft. Benning, Georgia. 'When you read them, you can just hear everything that he's thinking about,' said McClamrock. He's an open book in the letters. 'I fear for my life and the worst thing is to leave Shana a widow,' said PFC McClamrock in the letters. The book of letters is also a painful prelude. 'He says, 'Enjoy what you all have because what I get ain't nothing! I'll never take things for granted. See y'all soon, 39 more days, Love, James,' he wrote in the letters. PFC McClamrock was taken from them, killed in action at just 22 years old. 'I feel strongly that once we stop speaking their names, they truly die,' said Susan McClamrock. After her son's funeral, McClamrock finally remembered where she heard that familiar sound of Taps almost 40 years before. Her dad, Billy Dean Uhls, was only 15 years old when he went into the Navy. 'He was there at D-Day on the beach,' said McClamrock. And World War II wasn't the end of his service. 'He ended up being a prisoner of war in Korea,' said McClamrock. McClamrock's dad was in two wars. She says he came home, spent years in the hospital, and was never the same. 'My father died when I was 10 because of the effects of war, and now I'm burying a child because of the effects of war,' said McClamrock. The bugle call isn't comforting to McClamrock, but the orchestrator is. 'Keep praying about everything. Lord knows I am,' wrote PFC McClamrock in his letters home. Susan McClamrock knows her son is in God's hands. 'I'm like Lord, I know he's sitting right at your feet. I know you see him. Would you just smile at him for me like a mom?' said McClamrock. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
25-05-2025
- General
- Yahoo
Bunker Talk: Memorial Day Weekend Edition Part 2
Welcome to Bunker Talk, Memorial Day Weekend Edition Part 2. For all our American readers/commenters, I hope you have a great Memorial Day weekend. And, of course, I want to give a huge thanks to all of those who paid the ultimate sacrifice for our country. No words are enough. No debt of gratitude can ever be paid off. We are going to break up the long Memorial Day weekend Bunker into two parts so we don't end up with 6,000 comments on a single post. The caption to this week's top shot reads: U.S. Army 101st Airborne soldiers (L-R in circle) Sgt. Christopher Harry from Las Vegas, Nevada, PFC Marc Leming from Atlanta, Georgia, 2nd Lt. David Reis from Philadelphia, Pennsylvania, Sgt. Keith Amaral from Providence, Rhode Island, and PFC Victor Ferenzi from Chicago, Illinois relax February 11, 2002 in a forward perimeter bunker at the Kandahar Airbase in Kandahar, Afghanistan. The soldiers are part of a U.S. force that is continuing to pursue and fight the Taliban and Al Qaeda forces in the country. (Photo by) Also, a reminder: If you want to talk politics, do so respectfully and know that there's always somebody that isn't going to agree with you. If you have political differences, hash it out respectfully, stick to the facts, and no childish name-calling or personal attacks of any kind. If you can't handle yourself in that manner, then please, discuss virtually anything else. No drive-by garbage political memes. No conspiracy theory rants. Links to crackpot sites will be axed, too. Trolling and shitposting will not be tolerated. No obsessive behavior about other users. Just don't interact with folks you don't like. Do not be a sucker and feed trolls! That's as much on you as on them. Use the mute button if you don't like what you see. So unless you have something of quality to say, know how to treat people with respect, understand that everyone isn't going to subscribe to your exact same worldview, and have come to terms with the reality that there is no perfect solution when it comes to moderation of a community like this, it's probably best to just move on. Finally, as always, report offenders, please. This doesn't mean reporting people who don't share your political views, but we really need your help in this regard. The Bunker is open! Contact the editor: tyler@
Time of India
22-05-2025
- Business
- Time of India
NBCC gets Rs 161.55-crore contract from PFC for office interior works in Delhi
State-owned NBCC Ltd has bagged a Rs 161.55-crore order from PFC to undertake interior works of office space at Nauroji Nagar in the national capital. In a statement on Thursday, NBCC said it has signed a Memorandum of Understanding with PFC for the execution of interior and fit-out works of its newly acquired office space at World Trade Centre, Nauroji Nagar, New Delhi. PFC has purchased a total carpet area of 2,70,758 sq ft across all floors (G+9) of tower-H in the World Trade Centre complex developed by NBCC. "As part of this collaboration, NBCC will undertake the complete interior fit-out of PFC's office space with an estimated project cost of Rs 161.55 crore," the statement said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Shooter Action MMO Crossout Play Now Undo NBCC is into project management consultancy and real estate businesses.
News18
22-05-2025
- Business
- News18
PFC Final Dividend 2025: Power PSU Announces Cash Reward In Q4, Shares Up 4%
Last Updated: PFC Final Dividend 2025: PFC has released its Q4 results, showing a solid performance for the fiscal year 2024-25. PFC Final Dividend 2025: Power Finance Corporation (PFC) has recommended a final dividend of Rs 2.05 per equity share on the face value of Rs 10 each for the FY2024-25. This is in addition to the interim dividends off 13.75 per equity share (subject to deduction of TDS) for the FY 2024-25 already declared and paid during the year in four tranches. The final Dividend, if declared, will be paid within the statutory period of 30 days from the date of approval in ensuing AGM. PFC shares fell 2.28 per cent intraday on Thursday after gaining 4% with opening of Rs 413.70 apiece. PFC shares were trading at Rs 403 apiece at 2:00 pm, with the day's high at Rs 414 apiece. PFC Financial Performance PFC reported that its revenue from operations stood at Rs 20,170 crore in Q4 FY25, up 10 per cent YoY from Rs 20,074 crore in Q4 FY24. PAT grew by 13 per cent to Rs 7,017 crore in Q4 FY25, against Rs 6,184 crore in Q4 FY24. PFC has released its Q4 results, showing a solid performance for the fiscal year 2024-25. The company's consolidated revenue from operations reached Rs 85,517.85 crore, reflecting a year-on-year growth of 10.25% from Rs 77,568.30 crore in the previous fiscal year 2023-24. Additionally, the estimated EBITDA for FY 2024-25 stands at approximately Rs 52,594.68 crore, up by 10.6% compared to Rs 47,561.74 crore in FY 2023-24. This estimation is derived from the Profit Before Tax (PBT) in addition to depreciation and finance costs, as EBITDA is not explicitly stated. Moreover, PFC's Profit After Tax (PAT) for FY 2024-25 has increased to Rs 24,224.88 crore, marking a significant growth of 14.38% over Rs 21,179.71 crore reported in FY 2023-24. These figures highlight a robust financial performance, showcasing considerable progress in revenue, EBITDA, and PAT year-on-year. First Published: May 22, 2025, 13:52 IST
