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PSU banks expect pick up in credit offtake post-Sept
Loan disbursements, which dipped due to economic slowdown, during the nine months ending May 2009, is expected to pick up post-September with an improvement in industrial activities, a top banking industry official said.

Markets extend losses
The Sensex is quoting at 16,633, down by 232 points and the Nifty is placed at 4,922, lower by 81 points.

News of the day

Invest in MIPs for 3-4 years
My broker has advised me to invest a lumpsum amount in a Monthly Income Plan (MIP). In the current scenario where interest rates are expected to rise, should I do so? Also, should I invest in more than one MIP for diversification?
Small Business

Marginal rise in RIIL Q3 net

The Mukesh Ambani Group firm Reliance Industrial Infrastructure (RIIL) today said its net profit rose by 3.52 per cent to Rs 5.87 crore for the third quarter ended December 31, over the same period previous financial year. - GAIL net rises 240% to Rs 860 crore - Sterlite third quarter net jumps 3-fold to Rs 73 crore - Jaiprakash Q3 net down 39% at Rs 103 cr - UltraTech Cement net dips 18% to Rs 196 cr - Marginal rise in RIIL Q3 net - TCS third quarter net up 33.9% Income from operations decreased to Rs 13.21 crore for the latest quarter against Rs 18.24 crore for the same period corresponding year, RIIL said in a filing to the Bombay Stock Exchange.


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