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Life insurers' net up on cost cuts, lower new business
Companies expect sales to pick up only in December-January. The profits of life insurers rose during the second quarter of the financial year due to lower new business strain and cost control. Business strain occurs because of initial outgoes such as commissions and expenses when a policy is written. However, the future income is expected to cover the initial outgo.
Companies expect sales to pick up only in December-January. The profits of life insurers rose during the second quarter of the financial year due to lower new business strain and cost control. Business strain occurs because of initial outgoes such as commissions and expenses when a policy is written. However, the future income is expected to cover the initial outgo.
OCL India Q2 net up 51% to Rs 33.41 cr
Diversified firm OCL India today said its net profit rose by 51.03
Diversified firm OCL India today said its net profit rose by 51.03
iGate Q3 net up marginally at $8.9m
Nasdaq-listed software company iGate today posted a minor increase in its net income for quarter ending September 2009 at $8.9 million.The company had posted a net income of $8.5 million in the Q3 of
Nasdaq-listed software company iGate today posted a minor increase in its net income for quarter ending September 2009 at $8.9 million.The company had posted a net income of $8.5 million in the Q3 of
Power Finance Q1 net up at Rs 555 cr
Mumbai: Power Finance Corporation has posted a net profit of Rs 554.91 crore for the quarter ended June 30, 2009 as compared to Rs 296.30 crore for the quarter ended June 30, 2008.
Mumbai: Power Finance Corporation has posted a net profit of Rs 554.91 crore for the quarter ended June 30, 2009 as compared to Rs 296.30 crore for the quarter ended June 30, 2008.
Motherson Sumi Q3 profit up 19.47%
New Delhi: Auto component maker Motherson Sumi Systems on Monday reported jump of 19.47 per cent in its consolidated net profit to Rs 76.90 crore for the quarter ended March 31, 2009, over
New Delhi: Auto component maker Motherson Sumi Systems on Monday reported jump of 19.47 per cent in its consolidated net profit to Rs 76.90 crore for the quarter ended March 31, 2009, over
Patel Engineering Q4 net up 25% at Rs 63.22 cr
Mumbai: Infrastructure construction firm Patel Engineering on Monday said its net profit rose by 25.23 per cent to Rs 63.22 crore in the fourth quarter ended March 31, 2009, over the same
Mumbai: Infrastructure construction firm Patel Engineering on Monday said its net profit rose by 25.23 per cent to Rs 63.22 crore in the fourth quarter ended March 31, 2009, over the same
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