WEB EXTRAS
FINANCIAL SERVICES
A K Capital mulls portfolio management services
Mumbai, Oct. 29 Merchant bank A K Capital Services is planning to offer portfolio management services (PMS) and has applied to SEBI for a licence. The firm, which plans to offer wealth management primarily through debt, is also considering ...
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FINANCIAL PERFORMANCE
HPCL Q2 net dips 30% on global crude price surge
New Delhi, Oct 29 Hindustan Petroleum Corporation Ltd’s (HPCL) performance in the second quarter ended September 30, 2007 has been impacted by high international crude prices and no change in the domestic retail selling price (RSP) of ...
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HCV/LCV/TRACTORS
Ashok Leyland, Nissan sign pact to produce LCVs, power trains
Chennai, Oct 29 Ashok Leyland and Nissan on Monday formally signed a master co-operation agreement to set up three joint venture companies in India. The two partners intend to invest $500 million (Rs 2,000 crore) across the three companies. ...
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FIXED DEPOSITS
Cost of deposits pulls down Oriental Bank net profit
New Delhi, Oct. 29 Oriental Bank of Commerce (OBC) has reported a 29.86 per cent decline in net profit for the quarter ended September 30, 2007 at Rs 175 crore compared with Rs 249.51 crore recorded in the same quarter last ...
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Bank of India’s net doubles on all round growth
Mumbai, Oct. 29 Bank of India’s net profit has surged by 100 per cent for the quarter ended September 30, to Rs 425 crore from Rs 212 crore in the same quarter last year. The growth was due to a rise in interest income and robust growth ...
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MERGERS & ACQUISITIONS
Fortis Q2 health weakens with Rs 26.7 cr net loss
New Delhi, Oct. 29 The Ranbaxy-promoted Fortis Healthcare has reported a net loss of Rs 26.7 crore for the second quarter ended September 30. Last fiscal, the company had reported a loss of Rs 20.36 crore for the same quarter. Net sales ...
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OUTLOOK
PNB net profit rises 7%; to focus on NPA recovery
New Delhi, Oct. 29 Higher pressure on margins notwithstanding, Punjab National Bank (PNB) has reported a 6.63 per cent increase in net profit for the quarter ended September 30, 2007 at Rs 538.48 crore as compared to net profit of Rs 504.99 ...
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PERFORMANCE
M&M Q2 net dips 26%
Tractor sales, capex on expansion hit profits
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