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Bank of Baroda’s NII growth for the quarter remained strong at 23% YoY led by an improvement in margins. The NIM on domestic operations expanded to 2.89% as against 2.57% in Q1FY10. Growth in non-interest income ex-treasury remained muted at ~3% YoY; however core fee income posted a strong growth of 25%. Treasury profits for … Read more Bank of Baroda – Mints Money in Sept Quarter
The RBI Governor has finally woken up to the ground reality of Realty. The RBI announcement highlight was that it has increased the banks NPA provisioning for real estate loans from 0.4% to 1%. The increase in the provisioning norms has led to a sharp fall in the banking and real estate shares as Unitech … Read more RBI Doubles NPA provisioning for real estate loans
Ranbaxy Laboratories has announced its unaudited results for the quarter ended September 2009. The company has reported a net profit of Rs 186.08 crore for the July-September 2009 quarter, as against net loss of Rs 352.93 in the September 2008 quarter. Total operating income of the company for the quarter under consideration stood at Rs … Read more Ranbaxy Lab PAT at Rs 186.08 crore for third quarter
IT major Wipro and Delhi international Airport Private Limited (DAIL) have inked a ten-year total outstanding agreement to provide world class IT infrastructure and services for the Indira Gandhi International Airport (IGIA), New Delhi.
The partnership assumes significance as IGI airport’s new integrated terminal (T3) will be the gateway for the Commonwealth Games, scheduled to be held in New Delhi. Terminal 3 at IGIA will be one of the largest airport terminals in the world.
Spanco, one of the leading networking and systems integration solutions company in the country, has secured India’s first State Data Center (SDC) order from Orissa. The order which is valued at Rs 30 crore, is part of the core infrastructure under the National eGovernance Program (NeGP) instituted by the Department of Information Technology, government of … Read more Spanco secures India’s first SDC order worth Rs 30 crore
Gold and silver prices rose on the first day of Samvat Year 2066, the Hindu New Year in the traditional lunar Hindu calendar, with gold gaining Rs 50 to touch Rs 16,070 per ten grams on the bullion market in Delhi on Saturday. Token purchases by traders on the first day of the Hindu New Year aided the gains.
Standard gold and ornaments traded Rs 50 higher at Rs 16,070 and Rs 15,920 per ten gram respectively, while sovereign held unchanged at Rs 12,950 per piece of eight gram.
Read moreGold, Silver prices rise on the first day of Samvat 2066