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Economic Times
5 hours ago
- Economic Times
Tourism Finance Corporation board to meet on July 10 to consider stock split
TFCI is a premier public financial institution which commenced operations in 1989 and provides finance and advisory services to the tourism sector in India. Synopsis Tourism Finance Corporation of India (TFCI) will consider a stock split at its board meeting on July 10. The move follows a stellar run in 2025, with the stock gaining 58% year-to-date and hitting a fresh 52-week high. Tourism Finance Corporation of India's (TFCI) board of directors will meet on Thursday, July 10 to consider the proposal for a stock split. The manner of sub-division of equity shares of face value of Rs 10 each will be decided during the meeting. ADVERTISEMENT The company in its filing to the exchanges on Friday informed about the board meeting. It said that the trading window for dealing in the securities of the company by the designated or connected persons will be closed from July 1 till 48 hours after the declaration of financial results. Tourism Finance Corporation is a smallcap stock with a market capitalisation of Rs 2,426 crore. Shares of Tourism Finance Corporation ended Friday's trade at Rs 262 on the NSE, surging by 8.21% or Rs 19.87 from Thursday's closing price. The stock also hit a fresh 52-week high of Rs is a premier public financial institution which commenced operations in 1989 and provides finance and advisory services to the tourism sector in India. Besides tourism, TFCI is now also providing finance to educational institutions, healthcare institutions, non-banking finance companies, and the real estate sector engaged in affordable/middle-class housing development among other stock has been in top form in 2025 so far, delivering 58% returns and significantly outperforming the Nifty whose returns on the year-to-date basis is 7%. On the one-year basis, TFCI has yielded 28% versus 5% by the 50-stock index. ADVERTISEMENT Also Read: Vedanta's investor dilemma: Dividend king, pauper returns; time to buy or say bye? The company reported Q4FY25 net profit of Rs 30 crore versus Rs 20 crore posted by the company in the year-ago period. This is a 48% year-on-year growth. The total revenue in the quarter under review stood at Rs 70 core, which is a YoY 21% jump over Rs 58 crore posted in the corresponding quarter of the last financial year. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY


Time of India
5 hours ago
- Time of India
Tourism Finance Corporation board to meet on July 10 to consider stock split
Tourism Finance Corporation of India's (TFCI) board of directors will meet on Thursday, July 10 to consider the proposal for a stock split. The manner of sub-division of equity shares of face value of Rs 10 each will be decided during the meeting. The company in its filing to the exchanges on Friday informed about the board meeting. It said that the trading window for dealing in the securities of the company by the designated or connected persons will be closed from July 1 till 48 hours after the declaration of financial results. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Record di vendite in Italia per il bracciale anti-zanzare! Liberati dalle zanzare e dormi tranquillo ZSONIC Acquista ora Undo Tourism Finance Corporation is a smallcap stock with a market capitalisation of Rs 2,426 crore. Shares of Tourism Finance Corporation ended Friday's trade at Rs 262 on the NSE, surging by 8.21% or Rs 19.87 from Thursday's closing price. The stock also hit a fresh 52-week high of Rs 264. TFCI is a premier public financial institution which commenced operations in 1989 and provides finance and advisory services to the tourism sector in India. Besides tourism, TFCI is now also providing finance to educational institutions, healthcare institutions, non-banking finance companies, and the real estate sector engaged in affordable/middle-class housing development among other sectors. Live Events The stock has been in top form in 2025 so far, delivering 58% returns and significantly outperforming the Nifty whose returns on the year-to-date basis is 7%. On the one-year basis, TFCI has yielded 28% versus 5% by the 50-stock index. Also Read: Vedanta's investor dilemma: Dividend king, pauper returns; time to buy or say bye? The company reported Q4FY25 net profit of Rs 30 crore versus Rs 20 crore posted by the company in the year-ago period. This is a 48% year-on-year growth. The total revenue in the quarter under review stood at Rs 70 core, which is a YoY 21% jump over Rs 58 crore posted in the corresponding quarter of the last financial year.


Indian Express
5 hours ago
- Indian Express
Toll slashed up to 50% for elevated highway portions
In a decision that will benefit commercial vehicle owners, the government has slashed the toll rate up to 50% for sections of National Highways which have structures like bridges, tunnels, flyovers or elevated highways. Currently, the toll for the structured portions of the National Highways is 10 times the normal toll. In a revised notification released on Tuesday, the Ministry of Road Transport and Highways has devised a new formula to calculate the user fee for a section of the National Highway comprising structures. According to the new formula, the minimum length will be calculated by adding 10 times the length of the structure to the net road length or 5 times the total length of the section of the National Highway, whichever is lesser. For instance, if a section of the National Highway has a total length of 40 km, with 30 km structure and 10 km net road, then the minimum length will be computed as 10 x 30+10 = 310 km or five times the total length of the section of the National Highway which is 5x40km = 200 km. The user fee will be calculated for the lesser length that is for 200 km. This will be a huge relief for users who travel on stretches of highways where structures account for more than half the length. Under the new mechanism to determine toll fees, a one-way car trip will cost Rs 292 at Rs 1.46/km as per National Highways Fee (Determination of Rates and Collection) Rules, 2008. This fee will be much higher for a taxi, a commercial vehicle. The user fee is higher for structure sections of the National Highways to recover the cost incurred in construction of tunnels, bridges or elevated stretches on the highway. The Ministry said that for the existing public-funded toll plazas, the new rule will be effective from the date of next scheduled user fee revision. For the new toll plazas, it will apply since the commencement of the date of operation. For concessionaire operated fee plazas, it will come into effect upon expiry of concession agreements. Officials said that the new rule will mostly benefit the commercial vehicle as they are charged four to five times of what is paid by private vehicle owners, who also have an option to buy an annual pass of Rs 3,000 to cut down toll spending burden. 'For example, in the Delhi-Dehradun expressway, the elevated structure on the Delhi side is 18 km and on the Dehradun side, it is passing through a 15-km wildlife elevated corridor. The commercial vehicles will have to pay up to 50% less toll for the structure section. Similarly, the toll on other key elevated structures such as Nashik Phata-Khed and Danapur-Bihta will also be reduced. The 28.5 km Dwarka Expressway has 21 km of structures. Thus, the new rule will be a big relief for commuters on this expressway,' said an official.