Vijaya Bank net up 21% in the first quarter

Vijaya Bank net up 21% in the first quarterState-run Vijaya Bank has declared its financial results for the first quarter of the 2010-11 fiscal year. In this period of time, the bank has registered a striking 21% rise in the net profit figure. Vijaya Bank has posted a net profit of Rs 174 crore during the April-June quarter of financial year.

The net profit of the bank was Rs 144 crore in the corresponding quarter in the previous year. So there has been a hike of almost 21% in the net profit of the company in this quarter under review.

IOC registers net loss of Rs 3,388 crore in first quarter

IOC registers net loss of Rs 3,388 crore in first quarterState-owned Indian Oil Corporation (IOC) has reported that there has been a huge loss in the first quarter of the fiscal year 2010-11.

According to the report, there has been a net loss of Rs 3,388 crore for Indian Oil Corporation in the quarter that ended in 30th June, 2010. The company has registered a net profit of Rs 3,683 crore in the same quarter in the previous year.

IOC has informed this in a filing at the Bombay Stock Exchange. Indian Oil Corporation is the largest refiner of the country.

Regular mobile phone use may cause buzz in ears

Regular mobile phone use may cause buzz in earsA recent study has found that people using a mobile phone daily for more than four years have twice as much the chance of being affected by tinnitus.

Tinnitus is a condition of the ears where a constant ringing or buzzing noise is heard.

It has been found that usage of mobile phones for an aggregate of 10 minutes per day creates 70 per cent more chances to develop tinnitus. Also, people who use both their ears on phone calls in addition to using it for four years have their chances of developing tinnitus doubled.

REC profit jumps 24% to Rs 587 crore

REC profit jumps 24% to Rs 587 croreRising demand in the power sector of the country has propelled the state-run Rural Electrification Corporation to register an impressive net profit figure for the first quarter of the financial year 2010-11.

The company has announced its first quarter financial results for the current fiscal year.

According to the financial report, the company has registered a profit after tax (PAT) of Rs 587.4 crore for the quarter that ended in 30th June, 2010. The PAT figure Rs 471.8 crore in the same quarter in the previous year.

Camlin's first quarter sales up by 14%

Camlin's first quarter sales up by 14%Art and stationery products company Camlin Ltd. has reported its net profit has gone up in the first quarter of the fiscal year 2010-11. The company has posted net sales of Rs 120.53 crore for the quarter that ended in 30th June, 2010. The net profit was Rs 105.88-crore in the same quarter in the previous year.

There has been a huge hike in the Profit After Tax (PAT) figure as well. The company has reported that the Profit After Tax (PAT) has touched Rs 9.53-crore in the quarter under review which was Rs 8.02 crore for the similar period a year ago.

Axis Bank Q1 net profit surges 32%

Axis Bank Q1 net profit surges 32%Axis Bank has declared its financial results for the first quarter of the fiscal year 2010-11.

According to the report, it has registered a significant hike in its net profit figure in the June quarter of the year. The total income of the bank ha also gone up in this quarter of the fiscal year.

Axis Bank has posted a net profit of Rs 741.88 crore for the quarter that ended in 30th June, 2010 which is almost 31.85% of the net profit figure of the similar quarter in the last fiscal.

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