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Popular Articles

Cos plan to raise Rs 50K cr in 2010
Domestic companies are expected to embark on a mega fund raising spree this year with plans to raise over Rs 50,000 crore by way of public offers, driven by the sharp recovery in the stock market.

Govt asks SFIO to start prosecution in Satyam case
The government today asked investigating agency Serious Fraud Investigation Office (SFIO) to initiate prosecution proceedings against persons involved in Satyam accounting fraud and partners of Price Waterhouse, the auditors of the IT company.

News of the day

2009: Realty companies found friends in bankers
Wiser from last year’s free fall, realty companies discovered a new mantra in ‘affordable housing’ and found help from banks that offered low-interest home loans to build their businesses in 2009.
International Business

BPCL Q3 profit declines 52% to Rs 379 cr

The government-run Bharat Petroleum Corporation (BPCL) today reported a fall of 52.6 per cent in net profit at Rs 379.09 crore for the third quarter of 2009-10. - Central Bank Q3 dips 13% to Rs 306 cr - Bank of India Q3 net dips 53% to Rs 405 cr - Marico Q3 net up 22% at Rs 62 cr - Oriental Bank Q3 net up 15% to Rs 289 cr - DLF"s net profit dips 30% - Dabur net up 27.04% It had a net profit of Rs 799.84 crore in the year-ago period. Net sales of the oil refiner and marketing firm rose to Rs 32,161.24 crore during the quarter ended December 2009 from Rs 31,884.48 crore of the corresponding quarter last fiscal, BPCL said in a filing to the Bombay Stock Exchange (BSE). The state-run company"s market sales rose to 7 million tonnes compared to 6.84 million tonnes of the same period previous financial year. For the nine-month period ended December, BPCL reported a net profit of Rs 834.44 crore, while the company had suffered a net loss of Rs 2,892.12 crore during the corresponding period a year earlier. Shares of BPCL today fell by 2.24 per cent to settle at Rs 542.55 on the BSE.


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