BoI Net Profit Declines By 28%

BoI Net Profit Declines By 28%For the first quarter, the State-owned Bank of India (BoI) announced that their net profit at Rs 517.5 core was turned down by 28%.

It also announced that in the Bombay Stock Exchange (BSE) folder, a net profit of Rs 725.1 core was recorded for the last matching financial quarter.

Though, as compared to the last year’s net profit, during the period, the whole profits of the bank at Rs 7,293.6 cores were increased by 34.8% and in the same quarter, the financial profits were raised up to of Rs 6,633.5 cores.

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Reliance Communications Shares Rise Up To 14.6%

Reliance Communications Shares Rise Up To 14.6%After the government approved the BP deal, on Friday, Reliance communication rushed forward to a growth of 1.5% to Rs 887 because after the deal, the Company would be permitted to sell 30% of the 21 blocks interest to British Petroleum sector, while the broader index was mounted up to 0.6%.

However, another two blocks sale agreement was suspended by the government. The Company would be announcing the profit outcomes in its scheduled June quarter results.

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Catholic Church Apologizes Women for Forced Adoption

Catholic Church Apologizes Women for Forced AdoptionIn Australia, 50 years back, more than 150,000 women lost their babies as they were forcefully taken by some of the adoption agencies and churches.

In this regard, on Monday, the head of healthcare arm of the Catholic Church had apologized to all those victims of forced adoption practices. Among those 150,000 unlucky women, Juliette Clough is one. It was in 1970, when this 16-year-old mother was strapped to the bed and her baby boy was snatched from her at a Catholic-run hospital in Newcastle.

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