Wed, Jan 20, 2021 3:50 PM
Power demand touches all-time high of 185.82 GW on Wednesday
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🚩Income Statements: 📌Revenue Growth Lagging Behind Profit Growth. 📌Capitalizing R&D and Interest Costs. 📌Frequent Large Extraordinary Changes. 📌Decline in Taxes. 📌Net Profit Lower than Cash from Operations. 🚩Balance Sheet: 📌Excessive Goodwill in BS. 📌Increasing Days of Receivable. 📌Inventory Rising Faster than Profits. 📌Excessive Borrowings. 📌Idle Cash in Current Accounts.
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Rekha Jhunjhunwala, the wife of the late Rakesh Jhunjhunwala, has seen her portfolio stock that is Sun Pharma Advanced Research Company Limited plummet by over 50% from its all-time high levels in just one month. The investment value had dropped from Rs 297.66 crore when the price peaked at Rs 472.80 on April 9, 2024, to Rs 132.46 crore as per Tuesday’s closing price.
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Private sector lender Canara Bank on Wednesday reported its March 2024 quarter net profit at ₹3,757 crore, up 18% year-on-year (YoY). The figure was in line with CNBC-TV18's estimate of ₹3,753.6 crore. The same was ₹3,174.7 crore in the same quarter last year. The bank's net interest income (NII), the difference between interest earned and interest expended, grew 11% YoY to ₹9,580 crore.
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