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Friday, July 31, 2009
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SBI net jumps 42 %
Healthy growth in treasury and wholesale banking operations
Sharp rise in IOC net
Falling crude prices and inventory gains boost bottom line
Cairn to begin production from Rajasthan field next month
NEW DELHI: , Cairn India is all set to commence crude oil production at its Mangala field in Rajasthan next month. “We are operationally ready to commence oil production in August,” Cairn CEO Rahul Dhir said in a statement. ...
Essar ties up funds for Mahan project
MUMBAI: Essar Power’s Rs. 4,860-crore 1,200 MW Mahan project in Singrauli district, Madhya Pradesh, has achieved financial closure. The project is being funded through a debt equity ratio of 3:1 and is funded by a consortium of ...
Falcon Tyres to split shares
To issue bonus shares in the ratio of 2:1
SAIL net profit drops 28 % to Rs. 1,326 cr
Mahindra and Mahindra net profit zooms
Automotive and farm equipment sectors report strong sales in first quarter
New multi-axle vehicle from Ashok Leyland
HYDERABAD: Heavy vehicle major Ashok Leyland on Thursday launched its new multi-axle vehicle, 3116 MAV [developed for high fuel efficiency], and announced that its Rs. 1,300-crore greenfield plant in Pantnagar, Uttarakhand, was all set to be ...
DesignTech makes foray into 3D printing
BANGALORE: DesignTech, the product life cycle and designs solution provider, has entered the 3D printing and modelling market, estimated at $50 million in India. DesignTech will enter the field with uPrint, the 3D printer from Statasys ...
Sensex snaps losing streak
Recovers 215 points on derivative contracts rollover
Bank of Baroda profit rises
CHENNAI: Bank of Baroda has reported a total income of Rs. 4,735.15 crore for the quarter ended June 30, 2009, against Rs. 3,806.37 crore in the same period in the previous year. The net profit has risen by 85 per cent to Rs. 685.38 crore from ...
Mid-size companies continue to innovate
IOB first quarter net at Rs. 302 crore
CHENNAI: Indian Overseas Bank has reported a net profit of Rs. 301.78 crore for the first quarter ended June 30, 2009 against Rs. 255.97 crore in the same period in 2008-09, a growth of 18 per cent. Total business has grown by 20 per cent to ...
Spurt in Andhra Bank Q1 profit
CHENNAI: Andhra Bank has achieved a higher net profit of Rs. 256.22 crore in the quarter ended June 30, 2009 against Rs. 77.62 crore in the corresponding period in the previous year. Total income has risen to Rs. 1,742.70 crore from Rs. ...
Canara Bank opens 29 more branches
BANGALORE: Canara Bank has opened 29 branches, including upgradation of 15 extension counters into full-fledged branches in one-day. These branches are spread across eight states The bank plans to open 200 branches during the current financial ...
Sundram Fasteners’ profit at Rs. 17 cr.
CHENNAI: Sundram Fasteners has achieved a net profit of Rs. 17.03 crore on a turnover of Rs. 283.22 crore in the quarter ended June 30, 2009, against a net profit of Rs. 12.86 crore on a turnover of Rs. 363.67 crore in the quarter ended June ...
CPCL posts lower profit
CHENNAI: Chennai Petroleum Corporation has achieved a lower net profit of Rs. 304.72 crore for the quarter ended June 30, 2009, against Rs. 703.27 crore in the same period in 2008-09. Gross sales were sharply lower at Rs. 6,739.89 crore ...
EID Parry records higher profit
CHENNAI: The net profit of E. I. D. Parry (India) has shot up to Rs. 26.25 crore for the first quarter ended June 30, 2009, from Rs. 2.77 crore in the year-ago period. Total income was Rs. 221.40 crore against Rs. 219.17 crore. ...
MTS launches one India tariff plan
CHENNAI: Sistema Shyam TeleServices (SSTL), a joint venture between Sistema of Russia and Shyam group of India, has launched a special tariff voucher (STV), one MTS, one India. Priced at Rs. 11, subscribers can make local and STD call within ...
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