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StanChart India pre-tax profit falls 33% in 2011
Standard Chartered Bank, the largest foreign lender in the country with a network of 94 branches, on Wednesday said its pre-tax profit from India business declined 33 per cent to $804 million in 2011, compared with $1.2 billion a year earlier. Lower income, higher expenses, and an increase in provisions led to the fall in earnings. India, the most profitable market for the British lender in 2010, has
Standard Chartered Bank, the largest foreign lender in the country with a network of 94 branches, on Wednesday said its pre-tax profit from India business declined 33 per cent to $804 million in 2011, compared with $1.2 billion a year earlier. Lower income, higher expenses, and an increase in provisions led to the fall in earnings. India, the most profitable market for the British lender in 2010, has
Breather on infant deaths for WB
Altogether 87 infants died in different hospitals in Malda district alone in the month of January. There are incidents of infant death in some other districts too. The exasperated chief minister
More companies increase FII limits
On Tuesday, Anil Chanana, chief financial officer of HCL Technologies, started the December quarter results announcement with what he called a ‘new year gift’. The board decided to
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