Popular Articles

Tata Sons busy behind closed doors at equity infusions
Tata Sons, the holding company of the Tata Group, sold close to 25 million shares in Tata Consultancy Services (TCS) in the 2008 financial year, raising Rs 2,500 crore to increase stakes in other group companies like Tata Steel, Indian Hotels, Tata Power, Tata Tea and Trent.

Gas row: RIL counters RNRL's claim on MoU approval
Mukesh Ambani group firm Reliance Industries (RIL) today told the Supreme Court that its directors have filed the affidavits in the gas row to counter Anil Ambani"s contention that the family MoU was approved by the RIL board.

News of the day

'These are teething pains'
Kalpana Pathak / New Delhi December 01, 2009, 1:30 IST
International Business

Central Bank Q3 dips 13% to Rs 306 cr

Public Sector lender Central Bank of India today said its net profit declined by 13.25 per cent to Rs 306.44 crore for the third quarter ended December 31, over the corresponding period last fiscal. - Bank of India Q3 net dips 53% to Rs 405 cr - Marico Q3 net up 22% at Rs 62 cr - Oriental Bank Q3 net up 15% to Rs 289 cr - DLF"s net profit dips 30% - Dabur net up 27.04% - Century Textiles net doubles Total income rose to Rs 3,495.42 crore for the latest quarter as against Rs 3,033.41 crore for the same period previous fiscal, Central Bank of India said in a filing to the Bombay Stock Exchange (BSE). The bank earned an interest of Rs 3,131.30 crore for the third quarter ended December 31, against Rs 2,722.22 crore for the same period a year ago. For the nine month period ended December 31, 2009, the bank posted a net profit of Rs 887.17 crore against Rs 508.73 crore for the same period previous fiscal. Shares of Central Bank of India were trading at Rs 153.50 on the BSE, up 3.93 per cent from previous close.


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