TopNews

Bank of Queensland Ltd. has appointed Mr. Ewan Cameron, currently working as chief operating officer and acting chief executive officer at Saudi Home Loans, as its new chief financial officer.

Mr. Cameron will replace Mr. Ram Kangatharan who became the chief operating officer in BOQ in March.

Bank of Queensland said in a statement issued to ASX that the appointment of Mr. Cameron as chief financial officer will be effective from July this year. BOQ said that Mr. Cameron will work with the Bank's management and board to ensure efficient operations and drive growth.

Increase in net income earnings and also in the non-interest incomes pushed up the net profit of Kotak Mahindra Bank.

The fourth quarter results which were announced on Tuesday showed that the net profit of the bank has reached Rs. 418.55 crore. This boils down to Rs. 11.90 per share. This is higher than Rs. 210.66 crore or Rs. 6.09 per share that was seen in the same period last year.

This means that the net profit and earnings per share grew up by 99 per cent and 95 per cent respectively.

Scientists have injected the acetic acid and mustard oil to the mice to measure the facial expression and it was successful to collect some research related information.

The research was held for the first time by the scientists in order to catch the scale of pain of the mice depending on facial expression. This research was named "mouse grimace scale" or "MGS".

On Tuesday, the Minister for Commerce, Anand Sharma said that within next five years, the total trade between India and Singapore will become $35 billion.

During the joint press conference organized by India and Singapore, he said, "India and Singapore have agreed to work towards doubling bilateral trade from $16 billion to $32 billion by 2015."

He was supported by his Singaporean counterpart Lim Hng Kiang.

Ranbaxy Laboratories, on Tuesday posted its fourth straight quarter profit. For the period between January to March, the drug maker saw is net profit touch Rs. 9.6 billion. This is higher than what the market had expected it to achieve. Last year, the figure was Rs. 7.6 billion.

Higher than past sales mostly in the US market and favorable foreign exchange situations were the reasons cited for the good result.

The sales increased by 65 per cent to become Rs. 24.9 billion as against Rs. 15.6 billion in the last quarter.

The latest sensation in the gadget market, Apple iPad is soon to be available in all across the globe. Apple has released the price of the product in various countries.

The iPad was introduces in the US market on 3rd of April and in the last 28 days company had sold 1 million of iPads. This has been phenomenal response to the newly launched gadget.