UwidoNews

Private sector lenderYes Bank on Wednesday posted a 19% rise in October-December net profit, helped by higher loan growth that pushed up interest income for the bank.Net profit for the quarter rose to Rs125 crore, up from Rs105 crore a year ago, beating a Reuters poll estimate of Rs99.43 crore.

The countrys largest private sector lender, ICICI Bank, does not see immediate pressure on interest rates, but expects them to rise from the second quarter (July-September) of next financial year due to increase in demand for credit. Now-RBI may not increase policy rates in April policy: Kamath-No pressure on interest rates over next 9 months: Kamath-'Consumption, investment will drive growth'-Banks to review teaser home loan plans in March-Bankers see huge challenges in next financial year-

Bharti Airtel Ltd. Thursday said it rang up a 24% net profit rise in its first quarter, helped by a growth in its customer numbers and a tax write back.

ICICI Bank plans to press the accelerator on growth once the deposit base mix gets realigned towards a higher percentage of low-cost deposits.The bank plans an aggressive increase of current account and saving account CASA to 33 per cent from the present level of 28 per cent by next year, said Chanda Kochhar,the new chief executive officer and managing director of ICICI Bank.

ICICI Bank joint managing director Chanda Kochar was Friday named the bank's next chief executive. She will assume charge May 1 from K.V. Kamath, who will take over as the non-executive chairman from N. Vaghul. Kochar, a veteran with ICICI Bank - India's largest private sector bank - has been serving on the board of directors since 2001.

Andhra Banks net profit increased 62 per cent at Rs 201 crore in the fourth quarter ended March 31, 2009 compared with Rs 124 crore the corresponding quarter of previous fiscal.Total income grew by 36.1 per cent at Rs 1, 827 crore (Rs 1,343 crore).

Tata Consultancy Services India’s largest IT Services Company has announced its Q1 2010 results few minutes back.We are happy to bring TCS Q1 2010 results live to you and one among the first to report this news. TCS has announced a profit of Rs 1534 crores in this quarter.TCS has announced a profit of Rs 1534 crores in this quarter.Net profit of Rs 1534 crores is 15% Q-o-Q growth and 19% growth Y-o-Y..

Tata Consultancy Services (BSE: TCS.BO, NSE: TCS.NS) reported its consolidated US GAAP financial results for the first quarter ended June 30, 2009.
Highlights for Quarter Ended June 30, 2009 (US GAAP)
* EPS up 18.1% to $0.16 from $0.13 last quarter
* 26 new clients added
* Top 1, 5 and 10 clients show growth
* Gross addition of 2,828 employees
* Dividend of Rs 2 per share announced

Wipro Ltd has announced the standalone Results for the quarter ended on 30-JUN-2009. The Net Sales was at Rs. 528790 lacs for quarter ending on 30-JUN-2009 against Rs. 529890 lacs for the quarter ending on 31-MAR-2009. The Net Profit / (Loss) was at Rs. 119790 lacs for the quarter ending on 30-JUN-2009 against Rs. 84210 lacs for the quarter ending on 31-MAR-2009.