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Bank of India Reports 80 percent rise in Net Profit in July-Sept

Bank of India Reports 80 percent rise in Net Profit in July-SeptBank of India has shown a 80 percent increase in net profit during the period July-September with both interest and Non-interest incomes going up. The bank has registered a profit of Rs 7.63 billion as against Rs 4.25 billion last year. Also the total income has shown a rise from Rs 36.03 billion last year to Rs 46.12 billion. While the net interest income rose to Rs 13.63 billion against Rs 9.86 billion a year back, whereby improving the net interest margin from 3.04 percent a year back to 3.2 percent now.

New York Mayor Bloomberg gets to run for third term

New York Mayor Bloomberg gets to run for third term New York - New York Mayor Michael Bloomberg on Thursday received an all-clear to run for a third term, after the City Council voted to extend a term limits law from eight to 12 years.

Bloomberg, a successful billionaire and founder of the financial wire services bearing his name, demanded a third four-year term so he can continue to lead the city through the severe economic crisis affecting Wall Street.

West Bengal to Utilize Singur Land for Industrialisation

West Bengal to Utilize Singur Land for IndustrialisationThe Singur land is up for takes after the withdrawal of Tata Motors. However, the State Commerce and Industry Secretary Sabyasachi Sen has urged the need to set up alternate industry in the land after acquiring it back from the Tata group. Mr. Sen also stated that if Tata's would like to set up any industry, they were welcome to do so. 

Also new investment for the 997 acres shall pour in only once the land is returned to the government. To quote Sen "So far no fresh proposal has come for the Singur land".

Bajaj Finserv Suffers Loss of Rs 11.87 crore in July-Sept

Bajaj Finserv Suffers Loss of Rs 11.87 crore in July-SeptThe 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".

New Digital Products Launched by Canon India

New Digital Products Launched by Canon IndiaMany companies offers decent discounts and new products to cash on the festive season. After Sony, now it's Canon who has launched many new Digital products in the market .The products are better versions of existing models as well as new products from digital cameras,camcoders,printers,copiers and all-in-ones besides quite a few software applications. 

The company, for the first time, has launched cable ID printers and card printers and is very confident of their performance.

The launch of Fallout 3 cancelled by Microsoft in India

The launch of Fallout 3 cancelled by Microsoft in India Keeping in mind the “cultural sensitivities” in India, the release of Fallout 3 has been cancelled by Microsoft India in the nation. 

It was earlier planned that on 28th October, the Bethesda RPG will be published on Xbox 360 by the platform holder. However now MS informs that game was cancelled from being launched since it could hurt Indian sensibilities. 

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