Latest news with #PSUMazagonDockShipbuildersLtd
Time of India
28-06-2025
- Business
- Time of India
Morning news wrap: Iran says Israel ran to 'daddy', Bigg Boss star Shefali Jariwala dies of cardiac arrest & more
. Iran's foreign minister Abbas Araghchi took a sharp dig at Israel, saying it had 'no choice but to run to daddy,' referring to US President Donald Trump. Meanwhile, actress Shefali Jariwala has passed away at 42 after suffering a cardiac arrest, leaving fans and the entertainment world in mourning. Uddhav and Raj Thackeray will come together for a joint protest on July 5 against the mandatory teaching of Hindi from class 1 under the new three-language policy in Maharashtra. Tehran taunts Israel; questions Trump's intent on nuclear deal Iran's foreign minister Abbas Araghchi, mocked Israel, saying it had 'no choice but to run to daddy,' a jab at US President Donald Trump. He also questioned Trump's sincerity about seeking a new nuclear agreement. The remarks come amid heightened tensions between Iran and Israel, as both nations trade barbs over Tehran's nuclear program. Read full story Bigg Boss 13 fame Shefali Jariwala passes away at 42 after cardiac arrest Actress and Bigg Boss 13 fame Shefali Jariwala has passed away at the age of 42. As per reports, she suffered a cardiac arrest on the night of June 27 and could not be revived. Best known for her appearance on the reality show and the iconic music video Kaanta Laga, her untimely demise has left fans and the entertainment industry in shock. Read full story India bolsters naval presence with $53 million Lanka shipyard acquisition Mumbai-based defence PSU Mazagon Dock Shipbuilders Ltd is set to acquire a controlling stake in Sri Lanka's largest shipyard, Colombo Dockyard PLC, in a deal worth nearly $53 million. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 선배는 영어성적 어떻게 만들었어요? 파고다어학원 더 알아보기 Undo This marks the company's first overseas acquisition and is expected to significantly boost India's strategic presence in the Indian Ocean Region (IOR). Read full story Uddhav, Raj Thackeray reunite for protest against three-language policy in Maharashtra Uddhav and Raj Thackeray are set to hold a joint protest march on July 5, opposing what they describe as the imposition of Hindi in Maharashtra's schools under the new three-language policy, which mandates teaching Hindi from Class 1. This marks the first time the two leaders will share a political stage since Raj parted ways with Shiv Sena. Read full story Jeff Bezos, Lauren Sanchez get married in lavish Venice ceremony Billionaire Amazon founder Jeff Bezos and journalist Lauren Sanchez tied the knot on Friday in a lavish ceremony on Venice's San Giorgio Maggiore island. The multi-day wedding celebration is expected to wrap up on Saturday with a grand party, reportedly set to take place at the Arsenal. Read full story
News18
30-05-2025
- Business
- News18
Mazagon Dock Shipbuilders Shares Plunge 7% As Q4 Net Profit Slumps 51%; Should You Buy?
Last Updated: Shares of state-run defence PSU Mazagon Dock Shipbuilders Ltd fell over 7% in early trade on Friday; What should investors do? Mazagon Dock Shipbuilders Share: Shares of state-run defence PSU Mazagon Dock Shipbuilders Ltd fell over 7% in early trade on Friday, May 30, following a sharp 51% year-on-year drop in net profit for Q4FY25. The company's net profit for the January-March quarter slipped to Rs 325.3 crore from Rs 663 crore in the year-ago period. Revenue from operations for the quarter rose marginally by 2.3% YoY to Rs 3,174.4 crore, compared to Rs 3,103.7 crore in the previous year. However, operating performance was under pressure, with EBITDA plunging 83% to Rs 90 crore from Rs 524 crore. For the full financial year, Mazagon Dock Shipbuilders reported a 25% rise in net profit to Rs 2,414 crore, up from Rs 1,937 crore in FY24, while revenue climbed 21% to Rs 11,432 crore. At 9:18 am, shares were trading at Rs 3,485.4 on the NSE, down 7.6%. The defence shipbuilder has recently been in focus amid reports of potential Navy orders worth Rs 44,000 crore. According to a Times of India report, the procurement of 12 advanced mine countermeasure vessels (MCMVs) will soon be placed before the Defence Acquisition Council for clearance. The MCMVs are expected to strengthen India's maritime defence by detecting and neutralising underwater mines. Despite Friday's slide, Mazagon Dock shares have surged 130% in the past year, far outpacing the Nifty 50's 10.4% gain. First Published: May 30, 2025, 10:10 IST
