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Home -> Finance -> News

NATIONAL
SAIL reports Rs 1,127 net profit, down by 25.53 pc
India's largest steel maker, Steel Authority of India Ltd (SAIL) today (Oct 27, 2005) posted a net profit of Rs 1,127 crore in the second quarter of the current fiscal, marking a decline of 25.53 per cent against the year-ago period after termination of Income Tax and other relief.

SBI net up 12 pc at Rs 12.15 billion in Q2 results
India's largest commercial bank State Bank of India today (Oct 27, 2005) reported a 12 per cent growth in net profit at Rs 12.15 bn for the quarter ended September 30, 2005 from Rs 10.82 bn during same period last fiscal.

Sensex slides by 176 pts to two-month low of 7798.49
A virtual stocks meltdown today (Oct 27, 2005) sent the Sensex sliding by a massive 176 points to end at two-month low of 7798.49 as nervous operators resorted to hectic selling across-the-board on the last day of derivatives contract.

RIL announces 41 per cent rise in net profit for Q2
Mukesh Ambani-controlled Reliance Industries Ltd today (Oct 27, 2005) posted a 41.60 per cent rise in net profit at Rs 24.81 billion for the quarter ended September 30, 2005 as compared to Rs 17.52 bn in the same period last fiscal.

'Salaried class may be spared from filing IT returns'
Salaried class might be spared from filing Income-tax returns from next year provided there was no income from any other source.

'4 pc agriculture growth vital for economic growth'
Prime Minister Manmohan Singh today (Oct 24, 2005) said it would be essential to push up agriculture growth to over four per cent in order to achieve over eight per cent overall economic growth.

BSE: Sensex gets resistance after better start
The Bombay Stock Exchange Benchmark 30-share Index (Sensex) today (Oct 27, 2005) met with resistance after a better start and was quoted marginally down at 10.30 am as operators continued to square up positions on the last day of derivatives contract.