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GVK Power buys L&T's 17 per cent BIAL stake
Hyderabad-headquartered infrastructure developer, GVK Power and Infrastructure Ltd (GVKPIL), on Sunday acquired the entire stake of 17 per cent held by L&T Infrastructure Development Projects Ltd in Bengaluru International Airport Ltd (BIAL) for a total consideration of Rs 686 crore.

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Idle capital a new problem for many Indian banks
Low cost of funds and low credit growth have meant unprecedented levels of capital adequacy ratios (CARs) for banks.

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India attaches high priority to ties with US: PM
As he prepares to meet President Barack Obama in Washington, Prime Minister Manmohan Singh today said a "sustained and dynamic" Indo-US partnership is essential to meet major global challenges like international terrorism, climate change and economic slowdown.
Small Business

Jyothy Labs Q3 net up 25% at Rs 17 cr

FMCG firm Jyothy Laboratories today reported a 24.92 per cent increase in net profit at Rs 16.84 crore for the quarter ended December 31, 2009, as compared to the same quarter year ago. - Nalco Q3 profit drops 29% to Rs 155 cr - DLF Q3 net declines 30% to Rs 468 cr - HPCL back in black with Rs 31 cr net in Q3 - Union Bank Q3 profit slides 20% to Rs 534 cr - Dabur Q3 net jumps 28% to Rs 138 cr - SAIL clocks Rs 1,675 cr profit in Q3 The company had reported a net profit of Rs 13.48 crore for the quarter ended December 31, 2008, the company said in a statement. During the quarter under consideration, the company"s net sales grew by over 13.55 per cent to Rs 135.3 crore as compared to Rs 119.2 crore in the corresponding period last fiscal.


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