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Canara Bank Q3 profit zooms 50% to Rs 1,052.58 cr
State-run Canara Bank today reported a 50 per cent jump in net profit to Rs 1,052.58 crore for the third quarter ended December 31, 2009.

CEOs upbeat over growth prospects, to raise headcount
Most of the business leaders surveyed across the world sounded optimistic about growth prospects and are planning to raise headcounts this year, indicating that fears of world financial meltdown have receded, said a survey.

News of the day

Volatility in oil prices hits ONGC net profit in Q1
Hit by volatile crude oil prices, Oil and Natural Gas Corporation (ONGC), the country’s largest oil exploration and production company, today reported a 26.94 per cent dip in its net profit for the quarter ended June 30. Net profit for the quarter was Rs 4,848 crore as against Rs 6,636 crore last year. The company’s turnover during the quarter slipped 25.84 per cent to Rs 14,922 crore.
Home Business

Avon Corp posts Q1 net at Rs 3.38 cr

The Mumbai-based Avon Corporation has posted first ever quarterly net profit at Rs 3.38 crore in the first quarter of the current fiscal on a turnover of Rs 25.79 crore. - Nalco Q1 net profit plunges 76% to Rs 126 cr - Whirlpool India reports 13% growth in Q1 - TVS Motor Q1 net surges 150% at Rs 18 cr - Moser Baer India Q1 net profit at Rs 2.76 cr - ABB Q2 profit drops 36% to Rs 83 cr - Federal Bank Q1 profit jumps two fold to Rs 136 cr In the last financial year, the company had posted 272.34 per rise in net profit at Rs 7 crore as compared to Rs 1.88 crore in the previous year. Net sales from operations zoomed to Rs 79.59 crore from Rs 49.47 crore.


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