On the sidelines of a press conference in Kolkata, the city-based Allahabad Bank’s Chairman and Managing Director, K R Kamath, said that the public sector lender has posted an 18 percent year-on-year growth in deposits and advances in 2008-09.
Kamath informed reporters that out of the bank’s total business of Rs 1.44 lakh crore as on March 31, 2009, deposits account for Rs 84,865 crore, while advances comprise Rs 59,177 crore.
According to the Wednesday announcement from National Thermal Power Corporation (NTPC), the company’s year-on-year net profit figures for the fiscal ending March 2009 rose 5.56 percent, after deducting Rs. 1,400 crore for the employees’ wage revision in 2008-09.
For the year ending March 31, 2009, the turnover of the Power Sector Southern Region (PSSR) division - which is the engineering, procurement and construction wing of the state-managed Bharat Heavy Electricals Ltd (BHEL) - has crossed the Rs. 1,000-crore mark! The precise turnover figures stand at Rs. 1,000.40 crore as compared to the earlier year figures of Rs. 675 crore.
Reporting its highest-ever fourth-quarter crude steel output figures of 11.06 lakh tonnes, steel manufacturer JSW Steel Ltd has shown an 11 percent growth as compared to the same quarter last year figures.
For the month of March 2009 alone, JSW Steel - the third largest producer of alloy in India - posted crude steel production of 4.56 lakh tones; which marked a 28 percent growth from the year-before figures, and a 39 percent on a chronological basis.
In a press release, JSW Steel said that for the fiscal year 2008-09 on the whole, the company managed to produce
In a press release on Sunday, the state-run Power equipment maker Bharat Heavy Electricals Ltd (BHEL) announced that the annual 2008-09 turnover figures of its boiler auxiliaries plant marked a record high of Rs. 2,000 crore!
The turnover for exports also showed an increase of 40 per cent, as compared to the year-before figures, yielding Rs. 28 crore for the year on the whole. In case of the value addition per employee also, the figures depict a year-on-year increase of 19 percent to Rs. 19.79 lakh.
The manufacturer of Blackberry smart phones – Research In Motion (RIM) on Thursday beat market forecasts, announcing stronger-than-expected fiscal fourth quarter profit. The Waterloo, Ontario based Canadian wireless device company, RIM reported that its revenue surged 84 percent in the fourth quarter, against the revenue in the same quarter a year ago.