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LIC Housing Finance has reported its first quarter financial results of the current fiscal year.

According to LIC Housing Finance, the net profit of the company has gone up by an impressive 71% in the quarter under review against the like period in the previous year.

The company has registered net profit of Rs 212 crore during the first quarter ended in 30th June 2010. It was Rs 123.84 crore during the corresponding period in the fiscal year 2009-10.

Operating under an environment where Indian are developing love for luxury cars at a new level, Porsche has also decided that it is not going to miss on the Indian luxury train. In fact, Precision Cars India, the official Porsche importer for India has recently unveiled the second generation Porsche Cayenne in the Indian market.

As the national launch of the product took place in the Mumbai region, the company said that the product offers more power on less fuel, greater efficiency and lower CO2 emissions.

Riding on the back of impressive sales, country's second largest two- wheeler maker Bajaj Auto has recently said that its board has recommended a bonus issue for the investors of the company as it announced its whopping results for the first quarter of this fiscal.

Moreover, the net profit figure got almost double, the PAT for the company stood at Rs. 590.15 crore as the net profit in the corresponding quarter last year was at Rs 293.49 crore.

Bajaj Auto said in a statement that it is fourth consecutive quarter for the company where it has declared record results in its history.

There might have been quite a few instances where the Chairman of the second-largest two-wheeler major, Bajaj Auto, Rahul Bajaj may have shown his dismay over the decisions taken by his son or the MD of the Bajaj Auto, Rajiv Bajaj but the senior patriarch has recently said that he is very happy the way Rajiv is leading the company.

Rahul Bajaj especially pointed to the fact where he praised the impeccable performance of the company in the last fiscal.

The European Banking Supervisors Committee shall issue the outcome of its bank stress tests on Friday at 6 p. m. according to a European Commission spokesman on Thursday.

The statement made by the commission, the European Union's executive wing, enters as few EU watchdogs are approaching to print the stress-test results by 8 a. m. on Friday to shun the releasing them whilst the U. S. markets, that offers trading sessions in American depository receipts of European banks, are still released.

With a view to keep up with its commitment to the Indian market, GM India has recently showcased its entire portfolio of products at the International Auto Show in Hyderabad at Hyderabad International Convention Centre from July 22 - 25, 2010.

Be it the Chevrolet Captiva, Spark or the Beat, all the offerings from the GM portfolio will be on display at this much-awaited motor show. P Balendran, Vice-President, General Motors India said that the Hyderabad motor show has provided the company with an attractive opportunity to get more close to its consumers and gain insights about the buying behavior.