Non-banking lender Indiabulls Financial Services said net profit for fiscal 2011 more than doubled to Rs743 crore, helped by growth in long-term, low-risk mortgage loans and falling delinquency levels. Diversified and long-duration liabilities and decreasing cost income ratio have also contributed to the growth in profit and revenue for the financial year ended 31 March, [...]
The key benchmark indices skidded in early trade soon as IT bellwether Infosys reported lower-than-expected Q4 numbers. The BSE 30-share Sensex was down 86.31 points or 0.44%. IT bellwether Infosys Technologies’ slumped 5.76% after the company reported a lower-than-expected 2.13% growth in consolidated net profit as per International Financial Reporting Standards at Rs. 1818 crore [...]
Below mentioned are the key reults announced on Jan.20, 2011. TVS Motor Company Result TVS Motor Company has posted rise of 2.36 times in net profit for the quarter ended Dec. 31, 2010 which stood at Rs 557.50 million as compared to Rs 235.40 million for the quarter ended Dec. 31, 2009. Total Income has [...]
LIC Housing Finance stated that as part of its plan to develop the liquidity of its scrip, its shareholders have agreed for a stock split in the ratio of 1:5. The firm said that according to its decision that was taken through a postal ballot, LIC Housing Finance shares of Rs 10 face value each [...]
The Anil Ambani-led Reliance Power Ltd (RPower) has allotted shares to shareholders of Reliance Natural Resources Limited (RNRL) in the ratio of one RPower share of face-value Rs 10 each for every four RNRL shares of face value of Rs 5 each. The ratio was based on the recommendation of consultant KPMG, and is in [...]
Drug manufacturing major Ranbaxy Laboratories Limited on Thursday reported a 168 % jump in the net profit for the third quarter of 2010 ending Sep 30 at Rs.308 crore as against Rs.115 crore during the corresponding period last year. The total income of the company for the quarter stood at Rs.2,138 crore against Rs.1,902 crore [...]
HCL Technologies said its September-profit fell by a little more than a third from a year ago, as hiring expenses jumped sharply. The software services firm reported net profit of Rs1.95 billion for the period, down 35% from Rs3.01 billion a year ago. Revenue rose 20% to Rs14.98 billion. Personnel expenses for the quarter jumped [...]
Helped by a 41% increase in net interest income and a higher proportion of low-cost deposits that kept funding costs down, India’s third largest private sector bank by assets Axis Bank Ltd on Thursday announced a 38% rise in net profit for the three months ended September. Axis Bank’s net profit rose to Rs735.15 crore [...]
Sun Pharmaceutical Industries has announced the unaudited results for the quarter ended June 30, 2010. The Company has posted a surge of 165.51% in net profit after tax of Rs 322.63 crore for the quarter ended June 30, 2010 as compared to Rs 121.51 crore for the quarter ended June 30, 2009. Total Income has [...]
Tech Mahindra Ltd has informed BSE that the resolution passed by the Securities Allotment Committee of the Board of Directors of the Company on May 18, 2010 for issue and allotment of a total of 535,700 equity shares of Rs. 10/- each of the Company to various applicants, as under: – 450,000 equity shares, on [...]
Enter your email address below to receive updates each time we publish new content.
Budget 2012: Income tax exemption limit raised to Rs 2 lakh
Giving some relief to tax payers, finance minister Pranab Mukherjee today proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 1.80 lakh. Unveiling the Budget proposals for 2012-13 in the Lok Sabha, he also increased the limit to Rs 10 lakh under the 20 per cent tax [...]
Budget 2012: MPs want IT exemption limit hiked to Rs 5 lakh #Budget2012
Ahead of the Budget, some members of a Parliamentary panel scrutinising the Direct Taxes Code (DTC) Bill today pressed for raising the income tax exemption limit to Rs 5 lakh per annum. The Standing Committee on Finance, which met under the chairmanship of senior BJP leader Yashwant Sinha, has decided to finalise its report by [...]
Economiv Survey says India set to step off agony path
No Economic Survey in recent memory has talked of the “imperative” of building up foreign exchange reserves to prepare to deal with external shocks. With forex reserves at over $300 billion, that’s hardly surprising. Yet, the Survey presented by the finance ministry on Thursday has signalled caution. The warning is in keeping with the overall [...]
Stock News Personal Finance Tips