Gift items retailer Archies Ltd today posted a 32.87 per cent decline in net profit to Rs 1.45 crore for the third quarter ended December 31, 2014.
The company had posted a net profit of Rs 2.16 crore in the corresponding period a year ago, it said in a filing to the BSE.
Company's total income during October-December quarter, declined 1.85 per cent to Rs 51.95 crore, as against Rs 52.93 crore during the corresponding quarter of last fiscal.
*** *** *** *** ***
Yes Bank partners with BSE and ICAI for financial literacy * Private sector lender Yes Bank has entered into a partnership with leading stock exchange BSE and Institute of Chartered Accountants of India to help promote financial literacy in the country.
Under the partnership, Yes Bank would conduct financial literacy camps throughout its over 600 branches across the country, through the content leadership and association of the investor initiatives of BSE and ICAI.
The announcement was made on the sidelines of the ICAI CMII Corporate Conclave.
"Yes Bank, BSE and ICAI will conduct joint knowledge events as well as provide training and online courses to improve the level of awareness about financial planning and savings among Indian citizens," a statement said today.
*** *** *** *** ***
Flipkart signs MoU with CSC SPV
* Home grown e-commerce major Flipkart today announced that it has signed a Memorandum of Understanding with CSC SPV (CSC e-Governance Services India Limited) to make Common Service Centers hubs of economic activity and boosting rural development.
This will allow Flipkart and CSC SPV to work out a mechanism to help Common Service Centers (CSCs) pan India to leverage Flipkart's e-commerce platform, the company said in a release.
This is another activity in its mission, "Flipkart Karigaar ke Dwaar", it said.
*** *** *** *** ***
Butterfly Gandhimathi Q3 Net slips to Rs 29.02 lakh * Domestic appliances manufacturer Butterfly Gandhimathi has registered a sharp fall in its third quarter net profit at Rs 29.02 lakh.
The Chennai-based company had registered Rs 5.88 crore during the corresponding quarter of last year.
For the nine month period ending December 31, 2014, the net profits slipped to Rs 1.94 crore from Rs 21.40 crore registered during year ago period, a company statement said.
Total income from operations for the October-December 2014 quarter slipped to Rs 118.27 crore from Rs 241.62 crore registered during same period of last year.
