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Editor's Desk Public sector banking major, Bank of India, has declared its unaudited results for the quarter ended December 2008. The net profit of the bank zoomed by 70.38%, to Rs 872.17 crore for the quarter ended December 31, 2008, against Rs 511.89 crore in the corresponding period a year ago. Total income advanced to Rs 5,393.74 … Read more Bank of India net zooms by 70.38% in Q3
Bharat Heavy Electricals (BHEL) mentioned that it become the only supplier in the world of disc insulators for high voltage transmission projects. The company would supply 420 kN and 320 kN Porcelain disc insulators for 800 kV High Voltage Direct Current (HVDC) transmission lines. The company has taken comprehensive R&D efforts for successfully designing, developing … Read more BHEL only supplier in the world of disc insulators
Engineering giant Larsen & Toubro has shown a keen interest in buying the embattled Satyam Computers, a move which has gained support from institutional shareholders such as Life Insurance Corporation of India (LIC) and ICICI Prudential Life Insurance. It is expected that the engineering heavyweight would present the revival proposal before the newly-constituted board of … Read more L&T emerging as front-runner for Satyam acquisition
Foreign institutional investors (FIIs) were net sellers of Rs 786.62 crore (provisional) in the cash segment on Wednesday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 863.51 crore, their gross sales aggregated Rs 1,650.13 crore. Domestic institutional investors (DIIs) were net buyers of Rs 282.73 crore (provisional) on … Read more FIIs net sellers of Rs 787 cr in cash segment on Wednesday
Wipro held its conference call to discuss the third quarter of FY2009 and future prospects. Mr Azim Premji, Chairman alongwith others addressed the call. Highlights of Call The Company is seeing pricing pressure from clients. The margins would be maintained in narrow range going forward. The IT services segment dipped 0.9% at US$ 1100.1 million. … Read more Wipro – No Wage Hike for American Staff
Tata Steel Ltd has informed FreePress that Corus and Klesch & Company have signed Share Purchase Agreement for acquisition of Corus’ aluminium smelters by Briand Investments B.V., an affiliate of Klesch. Corus and Klesch have today announced that they have signed a Share Purchase Agreement (SPA) for the acquisition of Corus’ aluminium smelters by Briand … Read more Tata Steel – Corus Purchase Agreement with Klesch