PNB profit soaring by 28%

Punjab-National-BankPunjab National Bank, the nation's second-biggest public sector financial arm, on Thursday recorded a 28.4 per cent hike in its net profit to Rs 1,068 crore for the quarter ending June 2010, contrasted with Rs 832 crore in the subsequent period last year.

The growth was geared up by a hike in interest income, whilst the bank handled to put the expenditures under control.

Bharti-Walmart awaiting fresh FDI policy

Bharti-WalmartThe cash-and-carry group Bharti-Walmart is keenly is looking forward policy modifications in the multi-brand retail domain and articulated expects that it might be a large player once the FDI is permitted.  

According to Bharti-Walmart Managing Director and CEO Raj Jain if the rule of the nation modifications they can open hundreds of stores, however this might be doable only if FDI is permitted.

Bharti-Walmart is a 50:50 cash and carry joint venture between Bharti Enterprises and WalMart, handling BestPrice Modern Wholesale stores in North India.

Two new products from Avon to be launched in August

Two new products from Avon to be launched in AugustThe leading global beauty company that works on a multi level marketing model is all set for its line up of products to be launched in the month of August. These to be launched new products include Glazewear Dimensions Lipstick and Jet Femme perfume.

The company that recorded humongous annual revenue to the tune of $10 billion last year sells its products to women in around 100 countries through a wide network of six million sales representatives working for the company. This also makes the company as the world's largest seller of beauty products.

Dish TV declares high Q1 FY 11

Dish TV declares high Q1 FY 11The Dish TV Q1 FY 11 Results have declared today and the company has experienced an EBITA of Rs. 391 Million which has been up by 85.3% on YOY basis. The DTH player has also added a total of 0.64 million new subscribers during this period. This has clearly made the company the 6th largest DTH player in the country with a market share of 25%.

JK Paper Q1 net profit up by 44%

JK-PaperJK Paper has announced its first quarter financial result for the financial year 2010-11. It has informed that there has been a significant rise in the net profit of the company in this period of time. The company has registered a net profit of Rs 29.11 crore in the Q1 of the fiscal. It was reported to be Rs 20.16 crore in the corresponding period last fiscal.

Hence there has been a 44.39% jump in net profit in these three months. As per the company officials there has been better sales realization which has propelled the performances of all segments during this quarter.

Yatra.com extends its 3G offer

Yatra.com extends its 3G offerAfter the success of Yatra. com's '3G offer' now the travel portal has further extended its offer to the consumers. This new offer will reward the consumer's two guaranteed free domestic air tickets with every transaction. Earlier the offer was limited to just one free air ticket.

In order to avail the offer the customer has to just visit the website or book any travel arrangements through a 24x7 customer service helpline.

Currently the offer is valid till August 15, 2010 and spans across 21 cities, at Yatra. com's premium retail lounges.

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