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Popular Articles

Airlines dole out attractive schemes to woo biz travellers
Faced with a major downslide in business traffic, airlines are now adopting innovative schemes to attract high-end and corporate travellers to fill in the seats on the front rows.

FIIs expect a strong pullback
The Nifty closed in a Doji pattern on the last day of this month’s expiry today, indicating continuation of indecisiveness in the next series. Global cues are strong and hence the Nifty is likely to trade above 4,800 with strong support at 4,820.

News of the day

TTML surges on record subscriber addition
The stock surged further to a high of Rs 37 - up 7%. The stock, however, slipped from the high and ended with a gain of 5% at Rs 36.30. Over 7.46 million shares changed hands at the counter today, comparatively higher than the two-week daily average trade of 1.56 million.
Public Relations

PNB Q1 net rises 62% to Rs 832 cr

Punjab National Bank (PNB) has posted 62.39 per cent rise in net profit at Rs 832.05 crore for the quarter ended June 30, 2009 as compared to Rs 512.40 crore in the corresponding quarter last year. Total income during the quarter under consideration increased from Rs 4594.62 crore to Rs 6177.58 crore. - FII-TO-FII: Grasim Ind traded at 2% premium - FII-TO-FII: Grasim Ind traded at 4% premium - FII-TO-FII: Grasim Ind traded at 4% premium - Govt borrowings not to raise lending rates: PNB - FII-TO-FII TRADES: TV 18 traded at 5% discount - FII-TO-FII TRADES: PNB traded at 4% premium In terms of the Agricultural Debt Waiver and Debt Relief Scheme, 2008 framed by the Centre, final debt waiver claim of Rs 1146.25 crore has been lodged with RBI, which has been certified by the SCAs. Bank has already received the first installment of Rs 467.17 crore from the government. Further, an amount of Rs 996.73 crore, has been worked out as eligible under the scheme for debt relief, for which claim will be lodged with RBI upon closure of the scheme after due certification by the SCAs. The bank has clarified that in respect of debt relieve, it is holding a provision of Rs 60 crore against loss in present value terms of amount receivable for eligible farmers by utilising the existing provision held under IRAC norms. It has raised upon Tier - II bonds of Rs 1000 crore during the quarter and has also redeemed Tier - II bonds worth Rs 95 crore during the quarter.


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