SBI reports Q3 net profit of Rs 2,910 crore
State Bank of India (SBI) on Friday reported over 30 per cent jump in net profit at Rs 2,910 crore for the third quarter ended December 2014 on the back of stronger other income despite higher provisioning for bad loans. The bank had reported a net profit of Rs 2,234.34 crore in the year-ago... read more »
Gold demand up 2% in Dec quarter, down 15% in 2014
MUMBAI, FEB 12: Gold demand in the December quarter was up two per cent at 223 tonnes, largely due to pent up demand from jewellers during the festival season on the back of drop in prices. In value terms it was down four per cent at Rs 53,343 crore. Jewellery demand in the quarter under review was... read more »
Reliance Capital Q3 net profit rises 28% at Rs 213 crore
Financial services major, Reliance Capital today reported 28 per cent rise in its third quarter net profit at Rs 213 crore on robust growth in insurance and mutual fund businesses. The total income for the quarter ended December 2014 rose 11 per cent to Rs 2,105 crore. The company said the... read more »
Flipkart to double value of goods sold as demand rises
Flipkart aims to double the total value of goods it sells to $8 billion this year, two people with knowledge of the plans said, as India’s largest online marketplace seeks to widen the gap with rivals including Amazon.com’s (AMZN.O) India unit. Online retailers often use GMV, or gross... read more »
