India's major public sector lender State Bank of India (SBI) has reported a 37% surge in its standalone net profit for the three month period ended December 31, 2008.
The bank has posted a net profit of Rs 2,478.42 crore as compared to Rs 1,808.64 crore for the same quarter year-ago (Dec 2007).
In a filing to the Bombay Stock Exchange, SBI informed that its total income for the quarter ended December 31, 2008 zoomed to Rs 21,255.90 crore as compared to Rs
15,364 crore during the corresponding quarter of the last year.
India's largest CDMA operator, Reliance Communications (RCOM) announced financial results for the third quarter ended December 31, 2008. The company reported marginal increase of 2.7 per cent in net profit during the period.
The Anil Ambani-promoted company reported significant decline in revenue from the wireless and broadband business segments.
Leading software exporter of country, HCL Technologies announced its quarterly results for the period ending December 3, 2008. It posted 12.1 per cent increase in net profit for the third quart of current financial year.
The company signed many deals in technology, manufacturing and life science sector during the period which helped to increase its business and revenue. The company added new clients including Deutsche Bank, Microsoft, Xerox, Cisco and Viacom during the period.
In the midst of economic meltdown, chipmaker AMD had been making hard efforts competing with rival chipmakers. However nothing seems to be helping for AMD, which otherwise is the second largest chipmaker of the world and has gained significant market share in various markets across the world.
This seems quite evident from the company's Q4 2008 and fiscal 2008 earnings reports, which show enormous losses. The margins are lower for AMD and the decline in sales has caused more trouble for the company.
A decline by 64% in the net profit of Kotak Mahindra Bank to Rs 130.9 crore for the quarter ended December 2008 compared to the year-ago period was reported by the bank today.
Due to weak liquidity and lower advances, the quarter registered fall in the total income of the bank. Total income fell by 32.14 per cent to Rs 1,684.75 crore during the quarter under consideration, from Rs 2,482.72 crore in the same period.
India's major public sector lender State Bank of India (SBI) has reported a 37% surge in its standalone net profit for the three month period ended December 31, 2008.
India's largest CDMA operator, Reliance Communications (RCOM) announced financial results for the third quarter ended December 31, 2008. The company reported marginal increase of 2.7 per cent in net profit during the period. 
Leading software exporter of country, HCL Technologies announced its quarterly results for the period ending December 3, 2008. It posted 12.1 per cent increase in net profit for the third quart of current financial year. 
In the midst of economic meltdown, chipmaker AMD had been making hard efforts competing with rival chipmakers. However nothing seems to be helping for AMD, which otherwise is the second largest chipmaker of the world and has gained significant market share in various markets across the world. 
Chennai-based TVS Motor Company has announced financial results for the third quarter ended December 2008 reporting net loss of Rs 95.86 lakh.
A decline by 64% in the net profit of Kotak Mahindra Bank to Rs 130.9 crore for the quarter ended December 2008 compared to the year-ago period was reported by the bank today. 
