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The market for home loan is buzzing again. Both the leading players State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) have seen a significant improvement in their loan approvals during the first half of this financial year 2009-10. While for SBI, approvals of home loans has reportedly increased by 25% to Rs 11,000 crore for the first half of the financial year, 2009-10 compared to the corresponding period last year, for HDFC, approvals have gone up 18% at Rs 28, 418 crore compared to Rs 24,180 crore during the corresponding period last year. SBI is slated to announce its results today. ... Read Full Story

Results that was declared during October 30th 2009 and November 1st 2009. > Eicher Motors has announced its QTR ending September 2009 -2010. The company’s consolidated net sales were at Rs 856 crore compared to Rs 491 crore. Its consolidated net profit was at Rs 27.4 crore compared to Rs 42.9 crore. > Gujarat Heavy Chemicals (GHCL) has announced its QTR ending September 2009 -2010. The company’s net profit was at Rs 20 crore compared to Rs 26.1 crore. Its net sales were at Rs 290 crore compared to Rs 336 crore. > Hindalco has announced its QTR ending September 2009 -2010. The company’s ... Read Full Story

The market for home loans is buzzing again. Both the leading players State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) have seen a significant improvement in their loan approvals during the first half of this financial year 2009-10. While for SBI, approvals of home loans has reportedly increased by 25% to Rs 11,000 crore for the first half of the financial year, 2009-10 compared to the corresponding period last year, for HDFC home loan , approvals have gone up 18% at Rs 28, 418 crore compared to Rs 24,180 crore during the corresponding period last year. SBI is slated to announce ... Read Full Story

LIC Housing Finance posted a 27 per cent rise in its net profit to Rs 171.25 crore for the quarter ended September 30 as compared to Rs 135 crore in the year-ago quarter. The growth was helped by an Rs 41.69 crore write-back on provisions. The firm sanctioned Rs 5,365 crore and disbursed Rs 3,757 crore of loans , posting a growth of 82 per cent and 75 per cent, respectively. In the individual loan segment, the sanctions grew 107 per cent on a year-on-year basis to Rs 4,427 crore, while disbursals rose 81 per cent to Rs 3,388 crore in the September 2009 ... Read Full Story

Latest Quarter Results of Reliance Industries Reliance Industries today reported a net profit of Rs 3,852 crore for the second quarter ended September 30, 2009 when compared with Rs 3,636 crore in Q1FY10. Net sales increased 46% to Rs 46,850 crore from Rs 32,055 crore in Q1FY10. Net sales increased 4.6% to Rs 46,848 crore as against Rs 44,787 crore, (YoY). Numbers were excluding treasury stake sale. Topline as well bottomline numbers were below the street expectations. CNBC-TV18 was expecting net profit at Rs 4,081 crore and net sales at Rs 49,190 crore. GRM (gross refining margin) came in at $ 6/bbl for the ... Read Full Story