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Parsvnath Developers Q3 net jumps fourfold to Rs 25 cr
Realty firm Parsvnath Developers today reported a robust jump of over fourfold in consolidated net profit at Rs 24.90 crore for third quarter ended December. http://smallpersonalloans.org.uk

RIL plans to sell Rs 4,250 cr of treasury stock
Reliance Industries (RIL), India’s largest private sector company by market capitalisation, plans to offload a part of its treasury stock, held through the Petroleum Trust, which is controlled by the promoters.

News of the day

Air India board meets on turnaround plan
The Air India board met here today and decided to initiate a series of major steps to cut costs and enhance savings as it gets ready to receive the first tranche of government"s equity infusion worth Rs 800 crore.
Small Business

Oriental Bank Q3 net up 15% to Rs 289 cr

Public sector lender Oriental Bank of Commerce today reported a growth of 14.76 per cent in net profit at Rs 289.43 crore for the quarter ended December 31, 2009, over the same period last year. - BoB Q3 profit up 18% on strong growth in fee-income - Jyothy Labs Q3 net up 25% at Rs 17 cr - Nalco Q3 profit drops 29% to Rs 155 cr - DLF Q3 net declines 30% to Rs 468 cr - Binani Cement Q3 net rises 573% - Union Bank Q3 profit slides 20% to Rs 534 cr Total income rose to Rs 2,909.27 crore for the third quarter ended December 31, from Rs 2,718.20 crore in the same period previous fiscal, Oriental Bank of Commerce (OBC) said in a filing to the Bombay Stock Exchange. Capital adequacy ratio of the bank stood at 13.20 per cent for the quarter ended December 31, 2009. Shares of OBC were trading at Rs 235.50 on the BSE, up 2.59 per cent from its previous close.


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