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Telecom infrastructure company Indus Towers on Wednesday reported a net profit of Rs 1,779 crore for the March quarter, registering a decline of 4 per cent year-on-year.
It said the industry developments during the year have only strengthened the outlook for the company and the sector. The company exuded confidence about maintaining the "momentum" by capitalising on customers' network expansion and available strategic opportunities.
The revenue for the just-ended quarter came in at Rs 7,727 crore, up 7.4 per cent year-on-year.
The Q4 FY25 had a provision of Rs 226 crore for doubtful receivables, aided by collections against past overdue, the company said in a release.
"During the quarter, the company acquired passive infrastructure assets from Bharti Airtel and accounted for the same as a common control transaction in accordance with Ind AS 103 which requires restatement of financial results of Indus Towers from the date on which common control was established i.e. Nov 19, 2024. ..

The Q4 FY25 had a provision of Rs 226 crore for doubtful receivables, aided by collections against past overdue, the company said in a release

Under the revised timeline, all terms and conditions of the original offer remain unchanged

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Redditors can utilise this feature by clicking on the translate icon on the top right corner of the Reddit app on iOS, Android, or desktop

India has contributed a significant role in the world's biggest nuclear fusion project, with key contributions by way of components for the Central Solenoid

Prime Minister Narendra Modi on Wednesday reviewed eight development projects spread across the country and costing around Rs 90,000 crore as he chaired the 46th edition of PRAGATI meeting.
During the meeting, Modi also reviewed grievance redressal related to Pradhan Mantri Matru Vandana Yojana and directed that all ministries and departments should ensure that the identification of beneficiaries is done strictly through biometrics-based Aadhaar authentication or verification, an official statement said.
PRAGATI is a multi-modal platform for Pro-Active Governance and Timely Implementation, involving the Centre and state governments.
According to the statement, the eight significant projects included three road projects, two projects each of railways and port, shipping and waterways.
Modi also directed to explore the potential for integrating additional programmes into the PM Matru Vandana Yojana, specifically those aimed at promoting child care, improving health and hygiene practic

PRAGATI is a multi-modal platform for Pro-Active Governance and Timely Implementation, involving the Centre and state governments

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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How Las Vegas casino AI can help Sebi stamp out insider trading: Explained

Sebi is planning to take a leaf out of the Vegas Casinos' AI playbook to crack down on insider trading. Watch the video to know-how.

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