TopNews

Bajaj Auto Finance has declared its three fold jump in the net profit in the first quarter of the fiscal year 2010. As per the report increased loan disbursal has propelled the net profit of the firm up for the quarter.

Bajaj Auto Finance has posted a net profit of Rs 46.8 crore for the quarter that ended in 30th June, 2010. This net profit figure has grown up by three fold in this quarter as compared to the same quarter in the last fiscal. Bajaj Auto Finance has informed this in a filing at the Bombay Stock Exchange.

Leading private sector lender Kotak Mahindra Bank has announced its first quarter financial results for the fiscal year 2010. The company has posted a net profit of Rs 328 crore during the April-June quarter of fiscal year 2010-11.

This net profit figure has grown up by 27% in this quarter as compared to the same quarter in the last fiscal. This has been informed by Kotak Mahindra Bank in a filing at the Bombay Stock Exchange.

The BSE Sensex might regain once again at its 18,000 stage since the two and a half years, however many of its gears have whichever have been left back whilst few have been missing out in general.

On Thursday, the yardstick clogged at 18,113, its biggest close up since February 15, 2008, when it was swinging at a 18,115 level.

Starting from February 15, 2008 and July 22, 2010, there have been five new entries in to the club of thirty, starting with the list of biggies like Hero Honda, Tata Power, Sterlite Industries, JP Associates and Jindal Steel.

Bharti Airtel shall craft unbolt propose to procure the balance 22 per cent chance in Zambia's important telecom entity, Zain Zambia.

Bharti Airtel flagged by Sunil Mittal grabbed by the African ventures of Kuwait-based Zain in a $10.7 billion-transaction that had concluded in the month of June. As part of the transaction, the firm bought Zain's operations in 15 countries, including Zambia.

Bharti Airtel has by now grabbed a 78 per cent stake in Zain Zambia.

Dr Reddy’s Laboratories has recorded a 14.28% turn down in its combined net profit by Rs 209.55 crore from Rs 244.47 crore for its first quarter ending in June 30, 2010, at the constant period in the previous fiscal.

Net income arriving out from sales and services stands at Rs 1,683.13 crore, contrasted with Rs 1,818.94 crore in the similar period of the consequent fiscal. With a plummet in profits, its return per share dwindled down by Rs 12.41 from Rs 14.51 in the previous period.

The Sensex continued trading on a flat note this noon with optimistic bias.

The stocks from teck, consumer durable and capital goods witnessed buying interest, while realty and metal remained weak.

At 15.01., the 30-share index stood at 18,118.05, up 4.90 points. In the meantime, the broad-based Nifty remained up by 3.45 points at 5,445.40.

Today, the Sensex belled the day after gaining 19.14 points at 18,132.29, while Nifty started with a loss of 42.80 points at 5,399.15.