HDFC Bank net profit up 24.27 percentOctober 12th, 2009 MUMBAI - HDFC Bank, the country's second largest private lender, has posted a 24.27 percent increase in net profit at Rs.663.9 crore for the quarter ended Sep 30 as compared to Rs.534.23 crore it logged in the like period last year. The bank's total income stood at Rs.2,850.2 crore in the second quarter, up by 8.7 percent from Rs.2,620.5 crore in year-ago period.
Satluj Jal Vidyut declares Rs.320 crore as dividendOctober 8th, 2009 SHIMLA - Hydropower major Satluj Jal Vidyut Nigam that owns and operates the 1,500-MW Nathpa-Jhakri project in Himachal Pradesh has declared a dividend of Rs.320 crore for 2008-09. "We have declared a dividend of Rs.320 crore for 2008-09.
Women rough up bank manager over loanSeptember 3rd, 2009 LUCKNOW - A group of women roughed up a bank manager in an Uttar Pradesh village after he refused to meet them for a loan demand, police said Thursday. Agitated women, armed with brooms and slippers, barged into Union Bank branch manager's cabin in Phephna village of Ballia district Wednesday, and manhandled him for refusing to meet them for the past 10 days.
Himachal firm goes for Rs.143-crore expansionAugust 24th, 2009 SHIMLA - Himachal Pradesh-based knitting and weaving products firm Winsome Textile has outlined a Rs.143-crore expansion programme after banks approved its debt restructuring plan, a top company official has said. "After getting clearance from banks for debt restructuring, we have plans to invest Rs.143 crore in three divisions -- spinning, dyeing and power," managing director Ashish Bagrodia told IANS.
Larsen and Toubro bags orders worth Rs.853 croreAugust 5th, 2009 MUMBAI - Construction and engineering major Larsen and Toubro (L&T) Wednesday said it had bagged contracts worth Rs.853 crore for setting up coal handling plants in Uttar Pradesh and Tamil Nadu. L&T has received a contract from Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVNL) and Neyveli Lignite Corp for setting up coal handling plants at Anpara in Uttar Pradesh and Tuticorin in Tamil Nadu, the company said in a regulatory statement.
Mayawati demands Rs 27 crore for new statuesAugust 3rd, 2009 LUCKNOW - Uttar Pradesh Chief Minister Mayawati on Monday demanded for a budget of Rs 27 crore for statues at the Kashiram memorial and for other structures in the state. Presenting the supplementary budget, she demanded for an additional Rs 550 crore for her dream projects, which includes Rs 27 crore for new statues.
HDFC net up 20 percent in first quarterJuly 22nd, 2009 MUMBAI - Housing Development Finance Corp (HDFC) has seen its net profit for the quarter ended June 30 increase over 20 percent to Rs.565 crore, as compared to Rs.468 crore in the corresponding period last fiscal. The company's total income increased 22.8 percent to Rs.2,849 crore from Rs.2,318 crore, it said in a regulatory statement.
Mayawati to unveil 40 statues, six of herselfJune 24th, 2009 LUCKNOW - Uttar Pradesh Chief Minister, Mayawati, will unveil 40 statues, including six of her own, in the state on July 3. The statues will be unveiled along with the Kanshi Ram Memorial and the Gautam Buddhasthals.
Satyam has Rs.373 crore bank balance (Lead)June 9th, 2009 MUMBAI - India's fraud-hit IT giant Satyam Computer Services Tuesday said it had a bank balance of Rs.373 crore (about $75 million) at the end of March 2009, but at the same time, it also had a Rs.460-crore loan outstanding. At the beginning of the year, the IT giant's outstanding loan stood at Rs.200 crore.
Rajasthan attracts highest investment in north IndiaMay 27th, 2009 NEW DELHI - Rajasthan attracted investments worth Rs.69,052 crore, the highest among northern states, during 2008-09, a business chamber report released here Wednesday said. The report, 'Investment Prospects in Indian Economy 2008-09' by the Associated Chambers of Commerce and Industry (Assocham), said Haryana, which attracted investments worth Rs.52,852 crore, came second, followed by Uttarakhand with Rs.36,059 crore.
NTPC ties up with SBI for Rs.8,500 crore loanMay 14th, 2009 NEW DELHI - State-run power major NTPC Ltd has signed a Rs.8,500-crore ($1.7-billion) loan agreement with State Bank of India (SBI), the country's largest lender, it was announced here Thursday. The agreement was signed by NTPC general manager (finance) M.
Indian Bank net up 23 percentApril 27th, 2009 CHENNAI - State-run Indian Bank Monday reported 23.4 percent rise in its net profit for 2008-09 at Rs.1,245.32 crore from Rs.1,008.73 crore the previous fiscal. 'The bank's total business went up by 23 percent to Rs.124,413 crore (deposits Rs.75,582 crore and advances Rs.51,831 crore),' M.S.
UCO Bank to give incentives to borrowersMarch 7th, 2009 KOLKATA - The state-owned UCO Bank has decided to provide 50 basis points loan rate cut to borrowers in some sectors as incentives, a top bank official said here Friday. 'We have decided to give incentives of 50 bps to particular sectors like housing, auto and consumer loans.
BJP, RLD finalise poll alliance in Uttar PradeshFebruary 25th, 2009 NEW DELHI - Gearing up for the Lok Sabha elections, the Bharatiya Janata Party (BJP) Tuesday said that it has finalised its pre-poll alliance with the Rashtriya Lok Dal (RLD), a party with some influence in western Uttar Pradesh. 'The alliance with the RLD has been finalised.
International Financial Corp gives $15 mn loan to WaterHealthFebruary 16th, 2009 NEW DELHI - International Financial Corp (IFC), a member of the World Bank group, has given a loan of $15 million to WaterHealth India to set up water purification facilities in Indian villages, it was announced Tuesday. WaterHealth India is a wholly-owned subsidiary of WaterHealth International, a leader in providing access to clean water to people around the world.
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