Secunderabad-based GVK Power & Infrastructure has registered a net profit of Rs 30.47 crore for the second quarter ended September 30, a decline of 22.88 per cent from that in the corresponding period a year ago.

The company had posted a net profit of Rs 39.51 crore for the second quarter last fiscal.

While, the company’s net sales raised to Rs 109.49 crore for the quarter under review, against Rs 96.05 crore.

For the half year ended September 30, the company had a net profit of Rs 71.02 crore, against Rs 61.09 crore.

Orissa Government has suspended five policemen, including an ASI in the controversial Nun rape case in Kandhamal for dereliction of duty.

A medical check-up camp titled “The Dental Specialist”, will be organized on November 2 (Sunday) from 10 am to 5 pm at the Indian Medical Association (IMA) hall at Shivabhagh in Mangalore.

While talking with media persons, Dr Chetan Hegde said, “As soon as the camp will be concluded, a dental education camp will also be organized by us on the same day.”

Wipro Technologies, the global IT services division of Wipro, has informed that its Business Process Outsourcing division, Wipro BPO, is setting up a Shared Services centre in Curitiba, Brazil for AmBev.

AmBev is the biggest private company for consumer goods in Brazil and the biggest brewer for Latin America. The Company was created on the 1st of July of 1999, in association with brewers Brahma and Antarctica.

UTI Mutual Fund, the country's oldest fund house has introduced ‘UTI Fixed Term Income Fund Series V-VIII’, a close-ended income scheme in the market.

The investment objective of the scheme is to generate regular returns by investing in portfolio of fixed income securities normally maturing in line with the maturity period of the plan.

The scheme will invest up to 5-100% in debt including securitized debt and 0-95% in money market instruments. The scheme may invest up to 100% in the securitized debt.

Indian equities ended the week on a positive note on Friday (Oct 31), on account of continued buying action across board in frontline stocks.

Though the stock market lost its way for a moment during afternoon trading because of a negative closure on the Asian stock markets and a weak start in European markets, frenzied buying action in the final hour of trade boosted it to a strong closure on yesterday.

The US Federal Reserve cut bank rates by 50 basis points, and various other central banks are likely to follow suit sooner than later.