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SBI net up 16.10% on high interest income
Robust growth in net interest income helped State Bank of India, the country’s largest lender, to post a 16.4 per cent growth in consolidated net profit to Rs 4,318 crore in the financial year’s third quarter, ended December 2011, as compared to Rs 3,710 crore posted in the same period of the previous year. Consolidated total income rose to Rs 43,156 crore in October-December as against

Sensex edges high as select heavywights move up

The market has edged higher amid alternate bouts of buying and selling in front line stocks in mid afternoon trade. A firm close in most of the markets in the Asian region and a positive start on the

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Turbo-traders take Bank of America for a ride
On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear.

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Reliance Capital Q3 net profit up 229 percent
Financial services major Reliance Capital Friday reported a 229 percent increase in net profit for the quarter ended Dec 31 at Rs.15.2 crore from Rs.4.62 crore in the like period of 2010-11.

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Dougan diet

Credit Suisse is hurting. Cost cuts and balance-sheet shrinkage have combined with weak markets to drag the Swiss bank to its first quarterly loss since 2008. Chief Executive Brady Dougan thinks he

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Gold rises 1.5 % on Greece rescue deal optimism

Gold prices rose 1.5 percent on Tuesday as expectations that a Greek rescue deal will be completed drove the dollar down sharply against the euro. Bullion, which had dropped in early trade on

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