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Dena Bank Q4 net profit at Rs 111 cr, declares 12% dividend
Public sector lender Dena Bank today said it has reported a marginal growth in net profit at Rs 111.17 crore for the fourth quarter ended March 31, 2009.

NEWSALERT: DoT proposes to levy penalty of Rs 135.6 cr on telcos
Department of Telecom (DoT) proposes to levy Rs 135.6 crore penalty from telecom operators for missing network roll-out obligations. Tata Teleservices faces penalty of Rs 37.6 crore, Aircel Rs 28.85 crore, Bharti Airtel Rs 31 crore and RCom Rs 19.45 crore, among others.

News of the day

Allahabad Bank Q3 net down 6% to Rs 345 cr
Public sector lender, Allahabad Bank today posted 6.52 per cent drop in net profit to Rs 345.37 crore for the quarter ended December 31, 2009 as compared to Rs 369.46 crore for the corresponding period last year mainly due to higher provisioning and lower other income.
Small Business

World Bank offers additional funds for SSA

With government’s flagship Sarva Siksha Abhiyan (SSA) scheme showing encouraging results in expansion of elementary education, the World Bank has come forward with an offer to provide additional funding of $ 500 million (Rs 2,325 cr approx) for the programme. - WB"s additional $500 mn funds for SSA - A clean, free-flowing Ganga by 2020: Government - World Bank approves NCRMP - Govt to spend Rs 15,000 cr for "a clean, free-flowing Ganga" - Rs 20,120-cr capex projected for upgrade of power units - Deepak Lal: Remembrance of things past">Deepak Lal: Remembrance of things past The World Bank has proposed the government to provide the money as soft loans to be paid over a period of 35 to 40 years with lesser interest. The World Bank had provided soft loan of $ 600 million (Rs 2,790 cr approx) for the scheme which aims at universalisation of elementary education. At present 99 per cent of the habitations in the country have got a primary school. Under the SSA, 270,000 schools have already been operationalised.


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