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Tuesday, July 29, 2008
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Inflationary pressures to continue, says RBI
Inflation, interest rates hit Vijaya Bank’s net
BANGALORE: Vijaya Bank reported a 9.59 per cent loss in operating profit at Rs. 154.84 crore for the quarter ended June 30, 2008, against Rs. 171.27 crore in the same quarter last year. The first quarter ended with the bank recording a net ...
Royal Orchid posts 9 % rise in net profit
BANGALORE: Royal Orchid Hotels has reported a 35 per cent increase in consolidated income at Rs. 39.22 crore for the quarter ended June 30, 2008, and a nine per cent rise in net profit at Rs. 6.76 crore and plans to open its first property ...
Tata Tea reports lower net profit
KOLKATA: Consolidated income from worldwide operations was Rs. 1,134.69 crore (up 12 per cent) while profit after tax was Rs. 85.40 crore (up 75 per cent). Standalone Tata Tea results showed a 12 per cent rise in income from operations at ...
Divi’s Lab Q1 net profit rises
HYDERABAD: Divi’s Laboratories has announced a profit after tax (PAT) of Rs. 94 crore on a consolidated basis for the quarter ended June 30, 2008, with revenues of Rs. 269 crore against Rs. 65 crore and Rs. 230 crore respectively in ...
Amara Raja posts lower profit
HYDERABAD: Amara Raja Batteries has reported a total income of Rs. 325.22 crore for the quarter ended June 30, 2008, against Rs. 217.39 crore in the corresponding quarter in the previous year. The net profit has declined to Rs. 14.92 crore ...
Madura Micro’s rural marketing initiative
CHENNAI: Madura Micro Finance Limited (MMFL), a non-banking finance company and a provider of credit to women and self-help groups (SHGs), plans to introduce products for productively deploying micro finance loans. Addressing a press ...
HSBC India’s product for small businesses
CHENNAI: HSBC India has launched HSBC Direct for business, a unique product targeted at small businesses. It will enable businesses to take care of their daily banking needs. The features of the product include zero average quarterly balance ...
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