SBI Q3 Net surges 30% on improved income; shares soar 6.8%

Mumbai - Improvement in asset quality and high interest income pushed State Bank of India's net profit in December quarter by 30 percent to Rs 2,910 crore, boosting the shares of country's largest lender by 6.8 percent.

The bank had reported a net profit of Rs 2,234 crore in the October-December quarter of previous fiscal, SBI said in a statement.

The gross non-performing assets (NPAs) as a percentage of total advances came down to 4.90 percent at the end of third quarter from 5.73 percent in the year-ago period while net NPAs stood at 2.80 percent.

During the quarter, the net interest income increased by 9.20 percent to Rs 13,777 crore as against Rs 12,616 crore in the October-December period of last fiscal.

Indian team lacks genuine all-rounders: Mohinder Amarnath

New Delhi - Having taken India to World Cup glory in 1983 by his all-round performance, Mohinder Amarnath feels the current side lacks "genuine" all-rounders and the bowlers are trying to bowl too quick instead of focussing on line and length.

"In one-day cricket all-rounders make a lot of Difference. And in this team I don't see any genuine all-rounders. See when we play in India or the sub-continent then the conditions are to our liking, so probably anybody can bat, so it doesn't mean you become a genuine all-rounder," Amarnath told PTI in an exclusive interview on the sidelines of a 'Royal Stag Barrel Select Perfect Strokes' event, here.

Supernova remnant spotted blooming like beautiful cosmic flower

Washington, Feb 13 : Astronomers have captured supernova remnant, called G299.2-2.9, which looked like a blooming comic flower from Earth.

Because the debris fields of exploded stars, known as supernova remnants, are very hot, energetic, and glow brightly in X-ray light, NASA's Chandra X-ray Observatory has proven to be a valuable tool in studying them. The supernova remnant called G299.2-2.9 (or G299 for short) is located within Earth's Milky Way galaxy, but Chandra's new image of it is reminiscent of a beautiful flower here on Earth.

Ashton Kutcher says he gets to have sex with 'Queen of Humanity' Mila Kunis

Melbourne, Feb 13 : Ashton Kutcher, who recently appeared at the Tech My Way conference in Sydney to talk about his latest tech project, has gushed about his hot fiancee, who was voted by FHM as th

Miranda Kerr enjoying being single

London, Feb 13 : Miranda Kerr has admitted that she loves being single and wants to focus on herself right now.

SpiceJet shares down 4% as Q3 loss widens

Mumbai: Shares of budget airline SpiceJet today fell by 4 percent after the company reported widening of net loss by a steep 59 percent during the third-quarter at Rs 275 crore.

The stock went down by 3.99 per cent to Rs 19.25 at the BSE.

The company announced its results post market hours yesterday.

In the middle of an ownership change, SpiceJet had yesterday reported a steep 59 percent rise in third-quarter net loss at Rs 275 crore on lower passenger numbers and a one-time cost of Rs 295 crore.

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