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Debugging Indian Black Money Circle

There has been a massive debate around the vicious circle of black money with people hoping big from the Narender Modi led government to bring back the money to nation from banks overseas. In the first place for starters let’s discuss the black money before we get down to core. Black money is money earned to which no tax is ... Read More »

POWERGRID H1 profit rises 3% at Rs. 2,338 crore

Total Income scales up 8% at Rs. 8,384 crore Mumbai, November .12.2014: Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company and the ‘Central Transmission Utility (CTU)’ of the country, has posted a net profit of Rs. 2,338 crore for the first half of FY 2014-15 (April-September, 2014), an increase of 3% against Rs. 2,280crore reported during the corresponding half ... Read More »

Capital First Q2 net up 278 % at Rs 27.05 crores

MUMBAI, 11th November, 2014: Capital First Limited reported a 278% increase in Profit after Tax to Rs. 27.05 crores in the quarter ending Sep 30, 2014, up from Rs 7.16 crores in the quarter ended on Sep 30, 2013. The growth in income was primarily driven by higher NII and Fee income, which together grew 51% to 154.84 Crores in Q2 FY 15, from Rs. ... Read More »

Atlanta Ltd. H1FY15 Financial Result Highlights

H1Revenues up 115% to 192.33crore H1PAT up 154.36% to Rs. 27.98 crore Mumbai, November 10th, 2014: Atlanta Limited (BSE: 532759; NSE: ATLANTA), a Mumbai based leading Infrastructure Development Companyhas announced its results for the Half year ended 30th September, 2014. Atlanta Ltd. has reported a jump of 154.36%in its net profit to Rs.27.98Crore for Half year ended 30th September 2014, compared to Rs.11crore for the Half ... Read More »

Godrej Property Q2 FY2015 Results

Q2 FY2015 Net Profit increased by 36% to INR 46.6 crore 177% growth in volume & 164% growth in value of sales Crossed 1 million sq.ft. in sales for the third consecutive quarter  Mumbai, November 06 2014: Godrej Properties Limited (GPL), a leading national real estate developer, today announced its financial results for the second quarter ended September 30, 2014. ... Read More »

Virtusa Announces Second Quarter Fiscal 2015 Consolidated Financial Results

Second quarter fiscal 2015 revenue increased 5% sequentially and 25% year-over-year to $117.7 million. Second quarter fiscal 2015 operating income increased 9% sequentially and 25% year-over-year to $12.2 million. Generated $21.7 million of cash from operating activities during the second quarter of fiscal 2015.  Second quarter fiscal 2015 diluted EPS increased to $0.34, compared to diluted EPS of $0.31 in ... Read More »

Andhra Bank – PERFORMANCE HIGHLIGHTS FOR September 2014

“Sustained performance in turbulent times” Q2 FY 2014-15 TOTAL BUSINESS Total Business of the Bank as on 30.09.2014 stood at Rs.2,60,012 Crore, recording a growth rate of 13.0% (y-o-y) over Rs.2,30,057_Crore as on 30.09.2013 Total Deposits as on 30.09.2014 stood at Rs.1,45,084 Crore against Rs.1,29,343 Crore as on 30.09.2013, registering a growth rate of 12.2% (y-o-y). Gross Bank Credit as ... Read More »

ACC Limited has announced its financial results for the quarter ended September 2014

Sales volume of cement in the third quarter (July-September 2014) was maintained. Total consolidated sales turnover during the quarter was ` 2741.87 crores, up 9 per cent as compared to the corresponding quarter of last year. Operating EBITDA rose to ` 379.08 crores against ` 286.56 crores in same period of the previous year. Profitability during the quarter showed an ... Read More »

Government cuts its stake in PSB

Government has cuts its stake in public sector banks to 51%. So that, banks can raise funds and fresh capital from other sources, required for their growth. This step might fill the PSB banks with new energy and plans to do a good business in ahead days.   Read More »

Refinancing your home loan – What, why and when

What does refinancing mean? Refinancing your home loan essentially means that you pay out your existing home loan before its tenure and replace it with a new one. It is an excellent tool to manage your debt load, reduce your financial stress while saving your money. It also ensures that you are not bound to one financial institution for the ... Read More »

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