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The Hindu
3 days ago
- Politics
- The Hindu
NTR Bharosa pension distribution in a festive atmosphere
Minister for Housing and Information and Public Relations Kollusu Parthasaradhi said that under the NTR Bharosa scheme, ₹2,712 crore are being disbursed every month to 65 lakh beneficiaries across the State. In Eluru district alone, ₹113 crore are being distributed to 2.58 lakh people, he said. On Saturday (May 31), the Minister conducted a surprise inspection of NTR Bharosa pension distribution at Agiripalli in Nuzvid Constituency. He visited the homes of some beneficiaries, interacted with their family members and handed over the pension amounts. On this occasion, he said that Andhra Pradesh is the only State in the country to provide social security pensions on such a large scale, with thousands of crores being spent. He mentioned that Andhra Pradesh is spending ₹33,600 crore annually on social pensions under the NTR Bharosa scheme. He noted that in Agiripalli Mandal alone, ₹41,29,950 was disbursed to 9,425 beneficiaries. Despite the challenging financial situation of the state, Chief Minister N. Chandrababu Naidu is steering the administration effectively with his vast experience and is giving top priority to the welfare of the poor, the Minister said. He emphasised that, unlike the previous government, which took five years to increase the pension amount from ₹2,000 to ₹3,000, the current government raised the pension from Rs. 3,000 to Rs.4,000 within just 10 days of coming to power. He assured that pensions are being delivered to beneficiaries at their doorstep on the 1st of every month. If the beneficiary is unavailable, the amount will be delivered on the 2nd. Since June 1 falls on a Sunday, the government ensured the pensions were distributed a day in advance. The Minister said this reflects the government's sincere commitment to the poor. The government is providing ₹4,000 to the elderly, ₹6,000 to the differently-abled, ₹10,000 to patients suffering from kidney and other chronic diseases, and ₹15,000 to bedridden individuals as promised by the Chief Minister, who stands by such families in their time of need.
Hans India
3 days ago
- Business
- Hans India
Indel Money clocks 69% year-on-year growth in disbursements in FY25
Indel Money, one of the leading gold-loan NBFCs in the country, announced a 52% year-on-year growth in its Assets under Management (AUM), taking the total assets to Rs 2,400 crore. The company has also reported a profit of Rs 61 crore for the year, registering a 10 % growth year on year. Indel Money's reported NPA stands at 1.35% of the own assets, which highlights a significant improvement in asset quality against last year's 3.17%. Gold loans are the mainstay of the company, constituting 94% of the total AUM. The company reported a 69% year-on-year growth in its disbursements in the past financial year (FY25). Indel Money is aiming to achieve Rs 10,000-crore disbursements and Rs.4,000 crore in AUM during the current financial year (FY26). The company opened 89 branches in the fiscal year, taking the total numbers to 365. It has presence in 12 States and 3 Union territories as of March 31, 2025.
United News of India
20-05-2025
- Business
- United News of India
Wheels India FY25 Net Profit crosses Rs.100 cr
Chennai, May 20 (UNI) Wheel manufacturer Wheels India Ltd., has registered a 56% increase in its Net Profit for the year ended 31st March 2025 at Rs.105.9 crore compared to Rs. 67.9 crore registered in the same period the previous year. The company registered revenues of Rs.4,425 crore for the year ended as against Rs.4619 crore. The company has registered a Net Profit of Rs. 36 crore for the Q4 ended 31 st March 2025 as compared to Rs. 36.8 crore for the corresponding quarter of the previous year. Revenues for Q4 went up 2.4 % to Rs.1,195 crore as compared to Rs. 1,167 crore in the corresponding period last year. The Board of Directors of the company met in Chennai on Tuesday and recommended a final dividend of Rs.7.03 per share. Addressing a virtual press meet, Company MD Srivats Ram said, 'Our focus on cost control measures, a favourable product mix and lower commodity prices led to a strong profit growth in FY25 and we were able to cross Rs 100 crore of net profits last year." "We have also been able to achieve a turnaround in profitability in our passenger car steel wheel subsidiary', he said. On revenue growth, Srivats said, 'There was marginal growth in topline with growth in the domestic sales led by strong tractor wheel demand and growth in exports led by the windmill components. There is some momentum in demand going forward as well.' On the outlook for the year, he said, 'In FY25, there was a capex of Rs. 250 crore with the largest investment being in a plant for larger wheels for the tractor segment. In the coming year (FY26), the capex will be similar with the largest investment being in adding capacity for manufacture of windmill components.' On export growth, he said, 'The company is setting the groundwork for growth in international markets over the next 3 years. The lead time in winning and developing a wider range of products for this business is more than a year but the base is being built.' UNI GV 1825
Business Standard
20-05-2025
- Business
- Business Standard
Volumes jump at Pfizer Ltd counter
Pfizer Ltd witnessed volume of 12.07 lakh shares by 14:14 IST on NSE, a 75.73 times surge over two-week average daily volume of 15933 shares BASF India Ltd, NLC India Ltd, Zensar Technologies Ltd, Newgen Software Technologies Ltd are among the other stocks to see a surge in volumes on NSE today, 20 May 2025. Pfizer Ltd witnessed volume of 12.07 lakh shares by 14:14 IST on NSE, a 75.73 times surge over two-week average daily volume of 15933 shares. The stock increased 10.90% to Rs.4,955.00. Volumes stood at 15028 shares in the last session. BASF India Ltd clocked volume of 7.26 lakh shares by 14:14 IST on NSE, a 15.18 times surge over two-week average daily volume of 47859 shares. The stock gained 8.17% to Rs.5,303.70. Volumes stood at 1.38 lakh shares in the last session. NLC India Ltd clocked volume of 167.99 lakh shares by 14:14 IST on NSE, a 14.61 times surge over two-week average daily volume of 11.50 lakh shares. The stock gained 2.14% to Rs.241.50. Volumes stood at 14.63 lakh shares in the last session. Zensar Technologies Ltd notched up volume of 131.18 lakh shares by 14:14 IST on NSE, a 13.13 fold spurt over two-week average daily volume of 9.99 lakh shares. The stock rose 6.37% to Rs.837.45. Volumes stood at 5.08 lakh shares in the last session. Newgen Software Technologies Ltd recorded volume of 57.45 lakh shares by 14:14 IST on NSE, a 10.05 times surge over two-week average daily volume of 5.72 lakh shares. The stock gained 9.64% to Rs.1,258.30. Volumes stood at 6.61 lakh shares in the last session.
Mint
19-05-2025
- Business
- Mint
Divi's Laboratories to Texmaco Rail: Here are 5 stocks that declared dividend
Dividend Stocks: Divi's Laboratories, Texmaco Rail & Engineering , Galaxy Surfactants, Data Patterns (India) Limited, Dhanuka Agritech Limited : Here are 5 stocks that declared dividend. Check for Dividend payout and record date details Divi's Laboratories Limited: Divi's recommended a final dividend of ₹ 30/- (i.e. 1,500% considering the face value of share) be paid out for each equity share of face value ₹ 2/- each for the fiscal year 2024–2025. The Divid's dividend is however , subject to shareholders approval at the subsequent 35th Annual General Meeting (AGM) Following the conclusion of the AGM, the dividend must be paid within the stipulated period. The 35th AGM of the Members of the Company will be held on Monday, August 11, 2025. The record date for the purpose of the payment of Divi's Laboratories dividend is July 25, 2025. Texmaco Rail & Engineering Limited' A 75% (seventy five per cent) dividend considering face value of share, or Re. 0.75/-per fully paid-up equity share of Re. I/-each, is recommended by Texmaco Rail & Engineering. After being approved at the Annual General Meeting (or "AGM"), the dividend on equity shares will be credited or sent to the members not later than 30 (thirty) days after the AGM date. Galaxy Surfactants Limited: The Board of Galaxy Surfactants in addition to Considering and approving the Audited Financial Results (Consolidated and Standalone) of the Company for the quarter & year ended March 31, 2025, also recommended final dividend of Rs.4/- per equity share having face value of Rs. 10/- each for financial year 2024-2025. Data Patterns (India) Limited: For the fiscal year 2024–2025, Data Patterns recommended a final dividend of Rs. 7.90 (Rupees Seven and Ninety Paise Only) per equity share of Rs. 2 . If approved by the shareholders at the following annual general meeting, which is scheduled for Friday, August 8, 2025, the final dividend will be paid on or before Saturday, September 06, 2025. Dhanuka Agritech Limited: The board of Dhanuka Agritech recommended Final Dividend @ 100% considering the face value of the share. This dividend of Dhanuka Agritech comes Rs. 2/- per Equity Share having a face value of Rs, 2/- per share to the Members of the Company and the same will be paid within 30 days of AGM subject to the approval of Members at ensuing 40!" Annual General Meeting (AGM) of the Company. The Record Date set by Dhanuka Agritech, for the purpose of payment of the Final Dividend stands on 18th July, 2025. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
