Essar Oil reports net loss of Rs 455 cr

Mumbai: Public sector lender Indian Bank has said its net profit for the March quarter jumped 63 per cent to Rs 394.08 crore over the same period last year. The company had a net profit of Rs 241.67 crore for the period ended March 2008,Indian Bank said. Total income rose to Rs 2,148.48 crore for the quarter under review,from Rs 1,672.85 crore in the same period ended March 2008.

Grasim net profit falls 5 per cent

Mumbai:Grasim Industries has said its consolidated net profit for the fourth quarter ended March 31 was Rs 569 crore against 599 crore a year ago,a drop of 5 per cent. Its consolidated net revenue for the reporting quarter was Rs 5,020 crore against Rs 4,765 crore a year ago,a rise of 5 per cent. Grasims board has recommended a dividend of Rs 30 per share at par. The companys cement business achieved a turnover of Rs 2,000 crore,it said. Ultratech,a subsidiary of Grasim,reported a profit after tax of Rs 312 crore for the reporting quarter against Rs 285 crore a year ago.