Canara Bank at the fag end of trading hours on Friday, 8 May 2015 said that it has reduced the base rate by 20 basis points (bps) from 10.2% to 10% for loans/advances with effect from 11 May 2015.
Syndicate Bank's net profit rose 1.86% to Rs 416.92 crore on 23.17% growth in total income to Rs 6599.13 crore in Q4 March 2015 over Q4 March 2014. The result was announced on Saturday, 9 May 2015.
Procter & Gamble Hygiene and Health Care's net profit rose 7.59% to Rs 86.89 crore on 10.91% growth in total income to Rs 572.94 crore in Q3 March 2015 over Q3 March 2014. The result was announced on Saturday, 9 May 2015.
GlaxoSmithkline Consumer Healthcare's (GSK Consumer Healthcare) net profit rose 14.6% to Rs 196.78 crore on 9.17% growth in total income to Rs 1275.02 crore in the quarter ended 31 March 2015 over the quarter ended 31 March 2014. The result was announced on Saturday, 9 May 2015.
As in the previous accounting period, the company's financial year comprised the period of fifteen months from 1 January 2013 to 31 March 2014, whereas the results of the year ended 31 March 2015 represents twelve months results for the current year and are therefore not comparable, GSK Consumer Healthcare said.
Kansai Nerolac Paints' net profit rose 34.6% to Rs 60.37 crore on 7.68% growth in total income from operations (net) to Rs 807.84 crore in Q4 March 2015 over Q4 March 2014. The result was announced after market hours on Friday, 8 May 2015.
Adani Enterprises before market hours today, 11 May 2015 said that the High Court of Gujarat on 7 May 2015, considered and approved the composite scheme of arrangement between Adani Enterprises and Adani Ports and Special Economic Zone and Adani Power and Adani Transmission and Adani Mining and their respective shareholders and creditors.
Hindustan Zinc will be watched. With regard to news item titled "Hindustan Zinc plans Rs 8000 cr expansion", the company after market hours on Friday, 8 May 2015 said that an MoU in this regards has been signed by CEO & WTD, Hindustan Zinc with Government of Rajasthan, during the Rajasthan Resurgent submit held in Mumbai on 5 May and 6 May 2015. The proposed investment mentioned primarily pertains to on-going investment in Hindustan Zinc's mining expansion that were announced in April 2013 and is ongoing, Hindustan Zinc said.
Among key corporate earnings, Adani Power, Bank of Baroda and Havells India are scheduled to announce their quarter ended 31 March 2015 earnings today, 11 May 2015.
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