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Retail lending pushes ICICI Bank net up 24% — Deposits register 63 pc growth
ICICI Bank has reported a 24 per cent increase in net profit for the third quarter ended December 31, 2005, driven by increased retail lending, higher net interest income, and higher fee income. Net profit for the quarter rose to Rs 640 crore ...
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Maharashtra may repeal Urban Land Ceiling Act
"For the transformation of Mumbai, the State needs Rs 40,000 crore over the next 10 years. Of which, we are seeking Rs 10,000 crore from the Union Government. Therefore, if we don't repeal the Act, major infrastructure projects in the city could be a ffected."
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Higher sales, cost cutting measures drive Maruti's Q3 net up 41 pc
MARUTI Udyog Ltd today reported a 41.5 per cent growth in net profit at Rs 339 crore for the quarter ended December 31, 2005, compared with Rs 239.66 crore earned in the corresponding quarter last year, aided by higher operational efficiency, ...
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Indian cos not worried over WHO directive on malaria drug
MAJOR malaria-drug makers from India may not be caught on the back-foot by the treatment guideline on a malaria medicine outlined recently by the World Health Organisation (WHO). However, some of them do feel that the WHO guideline has not ...
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IA extends date for leasing of wide-body aircraft
INDIAN Airlines has extended by two weeks the closing date for dry leasing 12 wide-body aircraft. The airline, which is to decide from among the Airbus A-330, Airbus A-340, Airbus 310-300 and Boeing 767 Extended Range and Boeing 777 aircraft, ...
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Satyam Q3 net rises 64 pc; ups guidance
REFLECTING the growth momentum of technology majors, Satyam Computer Services Ltd has announced robust numbers scaling up the year outlook, while indicating this trend would continue to take it past the $1 billion mark. During the third ...
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Pvt equity investments up $700 m in 2005: Study
INVESTMENTS from private equity and venture capital firms in Indian companies in 2005 recorded an increase of $700 million over 2004, according to data from Venture Intelligence India, a division of TSJ Media that provides data on private equity, ...
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Fall in products biz dents Sasken Q3 net
A SHARP decline in its products business impacted Sasken Communication Technologies Ltd's profits for the third quarter-ended December, 2005. Sasken's consolidated net profit for the quarter dropped by 87 per cent year-on-year to Rs 18 lakh as ...
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TRAI seeks monthly data on international call traffic
IN a bid to tackle the growing grey market in the international long distance segment, the Telecom Regulatory Authority of India (TRAI) has ordered all operators in the country to submit traffic data on a monthly basis. TRAI has sent notices to ...
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Dip in textile prices pegs inflation lower
THE annual wholesale price index-based inflation rose 4.24 per cent during the week ended January 7. It was, however, lower than the previous week's annual rise of 4.40 per cent. The lower rate was largely on account of a dip in textile prices ...
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Cold spell to extend for another day, fog forecast
MERCURY has dropped by two to four degrees Celsius in the north and the northwest during the last 24 hours ending Friday morning in tandem with the eastward movement of the existing western disturbance. An India Meteorological Department (IMD) ...
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