ICICI Bank Q1 net jumps 21 per centMUMBAI: ICICI Bank has registered Rs 20.25 crore net profit for the first quarter of the current fiscal, up 20.9 per cent from Rs 16.74 crore net profit in the same quarter last year. The new generation private sector bank has also clocked a 62 per cent rise in its deposits which have grown from Rs 3,677.8 crore to Rs 5,954.3 crore for the period under review."ICICI Bank's total expenditure more than doubled to Rs 181.9 crore for the April-June 1999-2000 quarter against an expenditure of Rs 88.4 crore for the first quarter of last fiscal. However, the total income almost kept pace as it moved up to Rs 222.2 crore against Rs 121.1 crore, up 83.4 per cent for the period under review," an ICICI Bank release said, adding that the bank's other income surged by 24 per cent to Rs 23.2 crore for the quarter ended June 30, 1999 against Rs 18.7 crore for the corresponding quarter last year.The ICICI Bank scrip, which opened at 36.70, closed lower at Rs 36.50 after touching an intra-day high of Rs 36.95 on the Bombay Stock Exchange.Voltas posts Rs 30 lakh profitMUMBAI: Voltas has posted a net profit of Rs 30 lakh during the first quarter ended June 1999 against a loss of Rs 7.1 crore during the same period of last year. However, the sales and other income dwindled by 26.24 per cent to Rs 280.6 crore from Rs 380 crore, which includes consignment sales of Rs 62.8 crore, the company said in statement after its board meeting here today.Castrol pays 50% interimMUMBAI: Castrol India has announced 50 per cent interim dividend. In a statement, the company said that its net profits increased by 10.3 per cent increase at Rs 95.89 crore in the first half of 1999 from Rs 86.9 crore in the previous year.The board of directors of Castrol, which met yesterday, recommended an interim dividend of Rs five per share for the year.Indian site for online shopping launchedMUMBAI: Online Shoppe India Pvt Ltd has launched India's first online shop. The store covers an amazing range of products one can buy by hitting the online-shoppe.com site. The store covers a range of products ranging from apparels, jewellery and perfumes and sport gear and footwear.It is the only second site in India to allow payments to be made through credit cards. On the other hand, orders can also be paid for through VPP, cheques at drafts. Once an order is placed, the goods are dispatched within 72 hours any where in India through UPS with no additional charge for shipping or handling.
