The Board of Directors of CITY UNION BANK LIMITED approved the un-audited working results for the first quarter of FY 2011-12 at its meeting held in Chennai. Net Interest Income for Q1 FY 2012 went up smartly by 30% to Rs.120.04 Cr. Operating Profit increased by 35% for Q1 FY …
Foreign investors must have PAN for investing in MF
PAN is a 10-digit alpha-numeric tax payer identification number that is allotted to an individual and is increasingly required to be quoted with financial transactions. Individual foreign investors seeking entry into Indian stock markets will now have to acquire PAN (Permane…
India's total demate accounts increase to 2 crore
The number of demat accounts with the country's two leading depositories, NSDL and CDSL, has grown substantially. Demat account is opened to hold shares in dematerialised or electronic form. It does away with the problems (such as theft, forgery and loss in transit) asso…
Family Mediclaim : IOB Health Care PLUS
The public sector bank IOB - Indian Overseas Bank provides a scheme for Mediclaim Insurance cover, which is available to all account holders maintaining a S.B. or C.D account in the age group of 18-65 years. The scheme is available to NRI customers also. However, the cover …
DHFL - Dewan Housing Finance net profit up to Rs 67 crore
One of the India's leading Housing Finance company, Dewan Housing Finance Corporation (DHFL) has posted a 28 per cent jump in net profit at Rs 66.78 crore for the first quarter ended June 30, 2011. DHFL had a net profit of Rs 51.24 crore for the corresponding quarter of…
Bhartiya group launch integrated township in Bangalore
Bhartiya group's flagship company Buildco, is going to launch Bhartiya City, a 125-acre integrated township in Bangalore.
The project spread will be a complete integrated township divided into eight main areas like Residential, Office space, IT, SEZ, Retail, Hotels, Sch…
Land acquisition Bill finalised : Draft bill for comments
Land acquisition process, rural development minister Jairam Ramesh has cleared a draft bill for public comments. The minister's land acquisition and rehabilitation bill will be up on the ministry website just a fortnight into his term at Krish Bhawan. The Bill proposes …
Resale Flats may be Cheaper than 15% to new flats
In India flats price corrections in smaller cities and some pockets in major cities has prompted some of them. Reason by the rise in both prices and interest rates.
When real estate agents show major cities flats that are for resale along with new ones in apartments that ar…
Max New York Life: Guaranteed Monthly Income Plan
Max New York Life Insurance recently announced the launch of “ Max New York Life Guaranteed Monthly Income Plan, a unique, first of its kind financial solution, that provides additional boost to the monthly income, with quantum of payout indexed to a benchmark G Sec rate.
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Farmers must get land's potential value - DLF Chairman
In India land acquisition for industrial (SEZ) and residential projects has become a controversial issue with farmers demanding higher compensation in Noida Extension, on the outskirts of Delhi, which they claim was acquired at throwaway prices..
Recently the Allahabad Hi…
