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CORPORATE RESULTS
PUBLIC SECTOR BANKS:
SBI expects interest rates to soften
No change in lending, deposit rates for now: Bhatt. New Delhi, Oct. 28 State Bank of India expects interest rates to soften in the coming months. “Interest rates have peaked. You could see some moderation in the coming months,” the ...
PRIVATE BANKS:
ICICI Bank net flat on sluggish credit growth
Mumbai, Oct. 28 ICICI Bank reported flat growth of 1.1 per cent in net profit at Rs 1,014 crore for the quarter ended September 30, 2008, against Rs 1,003 crore last year due to lower non-interest income and sluggish growth in ...
POWER:
Tata Power net profit rises 45%
Mumbai, Oct. 28 Energy major Tata Power Ltd has reported 42 per cent increase in revenues from its license area at Rs 1,666 crore for quarter ending September 30, as compared to Rs 1,172 crore revenue achieved in the corresponding period ...
PETROLEUM:
MRPL net down 92% in second quarter
Sharp cut in crude, petro product prices from August. Mangalore Refinery and Petrochemicals Ltd (MRPL) recorded 92.47 per cent decline in net profit in the second quarter of 2008-09 because of inventory ...
REAL ESTATE & CONSTRUCTION:
Nagarjuna Construction net higher at Rs 42 cr
Hyderabad, Oct. 28. Nagarjuna Construction Company Ltd (NCC) achieved a turnover of Rs 1,056 crore for the second quarter ending September 30, 2008 — a 56 per cent growth over Rs 677 crore in the corresponding quarter of the ...
NBFCS:
Sundaram Finance Q2 net down 11%
Chennai, Oct. 28 Despite the Rs 4-crore increase in ‘other income’, Sundaram Finance has reported a 11-per cent drop in its net profit for the July-September quarter of the current ...
PRIVATE BANKS:
KVB Q2 net rises 43%
Coimbatore, Oct. 28 Karur Vysya Bank’s net rose 43.35 per cent to Rs 62.23 crore during the second quarter of this fiscal, against Rs 43.41 crore achieved during the corresponding quarter of the ...
ENGINEERING:
Bharat Forge revenue at Rs 1,360 cr in Q2
Pune, Oct. 28 Bharat Forge has announced its second quarter results with combined revenue reaching Rs 1,360 crore and a profit before tax (before exceptional items) of Rs 117 crore, a growth of 28 per cent and eight per ...
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