Reliance Communications Q4 net falls Reliance Communications (RCom) has seen a drop in quarterly profit due to expansion costs. The country's second biggest mobile phone operator on Thursday reported 3.3% decline in consolidated net profit at Rs 1,454 crore in the fourth quarter ended March 31, 2009. RCom posted a net profit, after adjustment of share of minority interest and associates, of Rs 1,503 crore in the same quarter of 2007-08. Total income rose more than 15% to Rs 6,124 crore in the March quarter 2009, from Rs 5,311 crore in the previous corresponding period.
Slash in lending rate of PNB by 50 bps PNB on Thursday slashed benchmark lending rate by 50 basis points to 11%, a move that will benefit millions home, consumer and corporate loan borrowers. The Benchmark Prime Lending Rate (BPLR) has been slashed from 11.5% to 11% effective from Friday. The bank has cut interest rate on personal loan by 50 basis points and floating home loan would become cheaper by 25 bps. Besides, the bank has also reduced its peak deposit rate by 50 basis points. To know the trend of Rcom and PNB after he announcement of Q4 net fall and slash of Lending rate respectively. Log on to http://www.vantagetrade.com/?sd=gg --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Small Investment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/Small-Investment?hl=en -~----------~----~----~----~------~----~------~--~---
