18%

State-owned steel producer Steel Authority of India 's (SAIL) net profit fell by 17.9% year-on-year to Rs 696.4 crore for the June quarter due to forex exchange losses and lower other income. The company has reported a forex loss of Rs 257 crore during the quarter as against Rs 11.6 crore in a...

18% financial products sold online in India: Google study Search engines (60%) and financial company websites (57%) are the online sources used most frequently for financial research. In future, the financial service industry will lean more on online marketing to boost their growth. Indian...

MBA: Commercial/multifamily mortgage debt outstanding rises 1.8% in Q1 ... largest share of commercial/multifamily mortgages, aggregating $1.43 trillion, or 42% of the total. The MBA said many of the commercial mortgage loans reported by commercial banks are actually "commercial ... More...

Software major Wipro Ltd on Friday posted an increase of 17.63 per cent in net profit at Rs 823.7 crore (Rs 8. 23 billion) for the quarter ended September 30 compared to Rs 700.2 crore (Rs 7 billion) for the corresponding quarter last year. The total income of the company rose by 34.64 per cent...

Infosys Technologies, India second largest software services exporter, has posted a 18.4 per cent increase in net profit to Rs 1,100 crore (Rs 11 billion) for the second quarter ended September 30, 2007 when compared with Rs 929 crore (Rs 9.29 billion) in the same quarter last fiscal. The...