RBI Policy: RBI hikes key rates by 0.25%
The Reserve Bank of India today increased the repo rate and the reverse repo rate by 0.25 per cent, each, with immediate effect, in order to curb inflation.
Releasing its 3rd quarterly monetary policy review today in Mumbai, RBI stated that it has rised its repo rate to 6.5 per cent from 6.25 per cent while Read more…
BSE Sensex gains 99 points in opening trade
The Sensex gained by over 99 points in opening trade on the Bombay Stock Exchange today. It was trading at 19,252, up by over 101 points a short while ago. The gain in the Sensex is due to sustained buying by funds, taking cues from other Asian markets.
Meanwhile, the Hong Kong’s Hang Seng was up 0.68 percent, while the Read more…
BSE Sensex gains 88 points in opening trade
The Sensex gained over 88 points in opening trade led by encouraging third quarter earnings posted by State Bank of India amid a firming trend on other Asian bourses.
The Sensex, which had lost 39 points in the previous session on Friday, Read more…
SBI Q3 Results: Net profit up 13.45% at Rs 3806 cr
The largest national bank State Bank of India (SBI) posted the net profit of 3,806 crore rupees for the third quarter ended December 31, 2010.
The profit of State Bank of India has gone up by 13.45 per cent
The net interest income of the Bank increased by 40 per cent to over 12,306 crore rupees during the quarter , as against over Read more…
Jaffna International Trade Fair (JITF) 2010 started
The 2nd Jaffna International Trade Fair (JITF) was inaugurated by the Indian High Commissioner to Srilanka Ashok K Kantha today with strong presence of Indian business houses.
Nearly fourty five Indian companies are taking part under banner of National Small Industrial Corporation (NSIC) and State Read more…
Oil leak in Mumbai coast, spill will disperse in 48 hrs: ONGC
The oil leak incident has been created 80 Km long the Mumbai Coast and spilling is seems to be disperse within fourty eight hours. The leakag was occured due to a rupture in a pipeline carrying crude oil.
“The leakage of oil has stopped… oil spill is under control… It has been estimated that oil spill will be dispersed within 48 hours,” ONGC said in a Read more…
Wipro Q3 Result 2010: Net profit up 10 pc at Rs 1,318.8 cr
IT master Wipro Limited today announced financial results under International Financial Reporting Standards (IFRS) for its third fiscal quarter ended December 31, 2010.
The company repored that 9.60 per cent rise in consolidated net profit at Rs 1,318.8 crore nded 31st December, 2010.
The net profit of Rs 1,203.2 crore in the corresponding quarter of the previous fiscal, Wipro said Read more…
GoM on FM Radio Phase-III finalises e-auction
The Group of Ministers on FM Radio Phase-III has finalised an e-auction model for its roll out.
Official sources said that the GoM, headed by Finance Minister Pranab Mukherjee decided against the conventional open auction model and instead chose the e-auction Read more…
Food inflation declines to 15.52 per cent
The Food inflation has slumped for the 2nd week to 15.52 percent for week ended Jan 8. According to officials that Food inflation turns down due to decreases of pulses, wheat and potato costs.
According to data released that Food inflation has reached to 18.32 percent on December 25 and declained to 16.91 for the Read more…
HCL Technologies quarter ended 31st December 2010 results
The HCL Technologies released 34.2 percent climb up in net income to 399.70 rupees crore for the quarter ended 31st December 2010.
The company had placed a net income of Rs 297.7 crore in the October-December quarter last fiscal, HCL Technologies Read more…
