HDFC Bank Q3 net profit jumps 20% at Rs 2,794.51 crore

New Delhi: Private lender HDFC Bank today reported 20 percent jump in net profit at Rs 2,794.51 crore for the third quarter ended December 2014 on account of higher interest income.

The bank had reported a net profit of Rs 2,325.70 crore during the same period of last financial year, HDFC Bank said in a filing to stock exchanges.

Total income of the bank rose to Rs 14,930.74 crore during the October-December period of FY15 from Rs 12,738.95 crore in the corresponding quarter of last financial year.

Net non performing assets (NPAs) stood at 0.26 percent as compared to 0.3 percent a year ago, while gross NPAs were at 0.99 percent as against 1.01 percent a year ago.

NASA plans to develop submarine to explore Titan's mysterious methane sea

Washington, Feb. 14 - NASA has recently developed a concept to send a submarine to explore Saturn's moon Titan, which has mysterious vast lakes of liquid methane and ethane.

At 2015's Innovative Advanced Concepts (NIAC) Symposium, a Titan submarine concept was showcased by NASA Glenn's COMPASS Team and researchers from Applied Research Lab, Discovery News reported.

Envisaged as a possible mission to Titan's largest sea, Kracken Mare, the autonomous submersible would be designed to make a 90 day, 2,000 kilometer (1,250 mile) voyage exploring the depths of this vast and very alien marine environment.

Federer likely to skip Davis Cup fixture against Belgium

Johannesburg, Feb 14 - World number two Roger Federer is reportedly planning to skip Swizerland's Davis Cup tie to be played in March as the 17-time Grand Slam champion made no mention of it in his

Anderson backs 'world-class' Morgan post Boycott's criticism

London, Feb 14 - England pace spearhead James Anderson has backed out-of-form skipper Eoin Morgan to regain form, describing him as a world-class and destructive player ahead of the World Cup.

Earlier in the week, former England batsman Geoffrey Boycott had slammed misfiring skipper, calling him as a player who lacks cleverness while facing top-class bowlers of the World.

Boycott said that Morgan was not as good as he thinks.

In response, Anderson said that it was rich coming from him, adding that Morgan was a world-class player and had been for however many games he had played, the Mirror reported.

The right-arm pace bowler further said that they were just hopeful he could get some form as they had seen how destructive he could be when he was in form.

Sensex regains 29K-mark, Nifty tops 8800 level after SBI results boost

Mumbai - The benchmark Sensex gained 289.83 points to reclaim 29,000 mark and Nifty jumped 94 points to end above 8,800 level Friday on stellar SBI earnings, rising hopes of a pro-growth budget and positive global cues.

Logging their fourth successive session of gains, benchmark indices wrapped up the week in style after ending in the red for the preceding two weeks.

Shares of FMCG, healthcare, banking, auto and metal sectors were the major gainers of the day.

Country's largest public sector lender SBI today reported over 30 percent jump in net profit December quarter. Its shares zoomed nearly 8 percent, adding about 86 points alone to Sensex's 289.83 point surge.

BPCL reports Q3 net profit at Rs 551.16 crore

New Delhi - Bharat Petroleum Corporation Limited (BPCL) on Friday reported a net profit of Rs 551.16 crore for the December quarter on the back of full compensation for losses on fuel sales.

The company had reported a net loss of Rs 1,088.94 crore in the corresponding period of previous fiscal, BPCL said in a regulatory filing.

The government paid Rs 1,079.92 crore in cash subsidy while upstream oil producers like ONGC extended an assistance of Rs 2,332.88 crore to make up for all the losses that the firm had incurred on selling domestic LPG and PDS kerosene at rates lower than cost.

BPCL earned USD 1.54 on turning every barrel of crude oil into fuel in the quarter as compared to a gross refining margin of USD 1.76 per barrel in third quarter of previous fiscal.

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