Vedanta arm TSPL faces Rs 127 crore penalty in power misdeclaration case

IANS | May 21, 2026 8:11 PM

New Delhi, May 21 (IANS) Vedanta Limited on Thursday informed stock exchanges that the Supreme Court of India has ruled against its subsidiary Talwandi Sabo Power Limited (TSPL) in a case related to alleged misdeclaration of power availability, resulting in a penalty payout of nearly Rs 127 crore along with applicable late payment surcharge.

FMCG major ITC clocks 72.4 pc drop in its Q4 net profit

IANS | May 21, 2026 5:16 PM

Mumbai, May 21 (IANS) FMCG major ITC on Thursday reported a sharp 72.4 per cent year-on-year (YoY) decline in consolidated net profit for the fourth quarter of financial year 2026 (Q4 FY26), mainly due to a high base effect from a one-time gain recorded in the corresponding period last financial year.