The Telegraph
 
 
IN TODAY'S PAPER
CITY NEWSLINES
 
 
ARCHIVES
Since 1st March, 1999
 
THE TELEGRAPH
 
 
Email This Page
Business Briefs

Bajaj Auto net profit up 24 %

Mumbai, Jan. 15: Bajaj Auto Ltd has recorded a 24 per cent rise in net profit at Rs 134 crore for the third quarter ended December 31, 2002 compared with Rs 108.2 crore in the corresponding period of the last financial year. Net sales rose 13 per cent to Rs 1,273. 5 crore from Rs 1,125.4 crore last year.

IDBI Bank

Mumbai, Jan. 15: IDBI Bank has posted a 207 per cent jump in net profit at Rs 27.4 crore for the third quarter ended December 31 compared with Rs 8.9 crore in the same period last fiscal.

HDFC Bank

Mumbai, Jan. 15: HDFC Bank has reported a 31 per cent rise in net profit for the third quarter ended December 31 to Rs 98.88 crore compared with Rs 75.45 crore in the corresponding period last year.

Union Bank

Mumbai, Jan. 15: Union Bank of India has registered a 45 per cent growth in net profit at Rs 143.58 crore for the third quarter ended December 31 compared with Rs 99.01 crore in the same period last fiscal. Meanwhile, Allahabad Bank has cut interest rates on domestic term deposits by 25 basis points.

Asian Paints

Mumbai, Jan. 15: Asian Paints Ltd has posted 27.1 per cent rise in net profit at Rs 43.66 crore for the third quarter ended December 31, 2002 compared with Rs 34.34 crore in the same period last fiscal.

Zydus recast

Calcutta, Jan. 15: The board of Zydus Group has decided to merge German Remedies and Recon Healthcare into Cadila Healthcare Limited.

Gail chairman

New Delhi, Jan. 15: Gail chairman and managing director Proshanto Banerjee has also taken over as chairman of Indraprastha Gas Ltd.

Car sales

New Delhi, Jan. 15: Car sales went up 15.89 per cent during December 2002 at 36,709 units against 31,673 cars sold in December 2001. Cumulative (April-December 2002) car sales rose 8.4 per cent to 3,81,650 units from 3,52,076 cars a year ago, the Society of Indian Automobile Manufacturers said in a statement.


Email This Page