Tuesday, September 15
JSW Energy shares rose nearly 4% to Rs 533.6 in Friday’s intraday trade on the BSE after the company posted a strong performance for the April–June quarter, with consolidated net profit jumping 42.4% year-on-year (YoY) to Rs 743 crore. The growth in Q1 was driven by a sharp scale-up in both renewable and thermal power generation.Revenue surged 78.6% YoY to Rs 5,143 crore, while EBITDA almost doubled to Rs 2,789 crore, reflecting a 96.8% increase. The operating margin expanded to 54.2% from 49.2% a year earlier.During the quarter, the company commissioned 1,893 MW of capacity, taking its installed base to 12,768 MW — up 70% YoY. This includes 1,343 MW from the acquisition of Mytrah Energy (now O2 Power) and 550 MW through organic renewable additions.Total power generation rose 71% YoY
Netweb Technologies shares jumped 13% to Rs 2,295 in Friday’s intraday trade on the BSE after the high-end computing solutions provider reported strong first-quarter earnings, driven by surging demand for artificial intelligence (AI) infrastructure.In the quarter ended June 30, 2025, Netweb’s profit after tax more than doubled to Rs 30.5 crore, compared to Rs 15.24 crore in the same period last year. Operating income also rose 102% year-on-year to Rs 301.2 crore from Rs 149.3 crore in Q1FY25.The company reported an operating EBITDA of Rs 44.8 crore, up 127.2% YoY, with a margin of 14.9%. PAT margin stood at 10.1%. Net debt turned negative, standing at Rs (47.5) crore as of June 2025, indicating a net cash position.AI segment drives growthAI systems were a key growth driver for the comp
Pakistan on Friday announced that the US has imposed a 19 per cent tariff on its exports and termed the step as a "balanced and forward-looking" move that enhances the country's competitiveness in the American market. The new rate is down from the previous 29 per cent tariff announced by US President Donald Trump. Welcoming the "successful conclusion" of the tariff-related discussions with the US, the Ministry of Foreign Affairs in a statement said, "As per the outcome of these talks, a tariff of 19 per cent will be applicable for Pakistani exports to the US market." The decision reflected a "balanced and forward-looking approach by the US authorities, keeping Pakistan competitive relative to other South and Southeast Asian countries", it said. The ministry said the revised tariff level i
