The critical situation of the financial market has started taking its toll on a lot of companies. The financial services company Bajaj Finserv has shown losses during the period July to September.
The Managing director of the company confirmed the slowdown and pressure on margin in his statement: "Yes, we are seeing a slowdown in the sector. Industry growth has slowed down".
Mukesh Ambani-owned Reliance Industries (RIL), the largest private oil refiner and retail giant in India has registered a 7.4 per cent growth in profit at Rs 4122 crore in the second quarter, as compared to Rs 3837 crore for the quarter ended September 30, 2007.
While company's second quarter revenue rose 39.40% to Rs 44,938 crore in the three-month period ended September 30, against Rs 32,211 crore in the year-ago period.
The critical situation of the financial market has started taking its toll on a lot of companies. The financial services company Bajaj Finserv has shown losses during the period July to September.
Mukesh Ambani-owned Reliance Industries (RIL), the largest private oil refiner and retail giant in India has registered a 7.4 per cent growth in profit at Rs 4122 crore in the second quarter, as compared to Rs 3837 crore for the quarter ended September 30, 2007.
