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Advisory Council revises GDP growth to 7.1 %
Slowdown ascribed to changes in the international economy
Satyam board to unveil funding plan next week
HYDERABAD: Funding arrangements for Satyam Computer Services to meet operational needs, including the salary bills and vendor payments, up to March 2009 will be announced on Wednesday, while the new CEO and the CFO will be appointed soon, said ...
L&T raises stake in Satyam
MUMBAI: Larsen and Toubro (L&T) on Friday announced that it bought 7.56 per cent (5.09 crore shares) of Satyam Computer Services shares through open market, taking L&T’s stake in Satyam to 12.4 per cent (8.11 crore shares) of the ...
Canara Bank Q3 profit jumps 53 %
Aggregate business crosses Rs. 3 lakh crore-mark to Rs. 303,759 crore
Syndicate Bank Q3 net up 29 p.c.
MUMBAI: Syndicate Bank has reported a 29 per cent rise in its net profit at Rs. 352.38 crore in the third quarter ended December 31, 2008 against Rs. 273.19 crore in the year-ago period. Total income rose to Rs. 2,758.52 crore from Rs. ...
Vijaya Bank posts 24 % rise in profit
BANGALORE: Vijaya Bank announced a net profit of Rs. 156.99 crore in the third quarter of 2008-09, an increase of 24 per cent over the same quarter of the previous year. The bank made an operating profit of Rs. 280 crore during the last ...
Bank of India net at Rs. 872 crore
MUMBAI: Bank of India has posted a net profit of Rs. 872.17 crore for the third quarter ended December 31, 2008, against Rs. 511.89 crore in the same quarter in the previous fiscal. Total income rose to Rs. 5,393.74 crore from Rs. 3,705.21 ...
Coromandel Fert pays Rs. 6 per share interim
CHENNAI: The board of Coromandel Fertilisers has approved an interim dividend of Rs. 6 per share (300 per cent) of Rs. 2 each. The total dividend paid for the previous year was Rs. 3.50 per share (175 per cent), says a release. Sales for the ...
Fichtner India signs contract with Lotte
CHENNAI: Fitchtner Consulting Engineers (India) Private Limited has signed a contract with Lotte Engineering and Construction Company Limited of South Korea for providing the detail d design engineering and construction management services for ...
Shyam Telelink changes name
NEW DELHI: Telecom operator Shyam Telelink on Friday announced the change in its name to Sistema Shyam TeleServices (SSTS), a joint venture between Russia’s Sistema and Shyam Group of India. SSTS has licences and spectrum to provide ...
Forex loss impacts Neuland Lab net profit
HYDERABAD: Neuland Laboratories, a global provider of active pharmaceutical ingredients (API) and other essential drug discovery and development support services, posted a growth of 8.4 per cent in its operating profit and 45 per cent jump in ...
Drop in Royal Orchid Hotels profit
BANGALORE: Royal Orchid Hotels has reported a drop in net profit by Rs. 425.73 lakh to Rs. 521.22 lakh for the quarter ended December 31, 2008. The hotel chain attributed the drop to recession, drop in interest income by Rs. 133 lakh and a ...
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