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HPCL net profit at Rs 31.4 crore
Helped by cash subsidy from the government, Hindustan Petroleum Corporation Ltd (HPCL), India’s third-largest refiner, managed to report a net profit of Rs 31.4 crore in the quarter ended December 2009. It posted a net loss of Rs 422 crore in the corresponding quarter last year.

Birla Sun Life Insurance: Batting for insurance
Birla Sun Life Insurance, which belongs to the Aditya Birla Group, has roped in four cricketers — Yuvraj Singh, Virender Sehwag, Suresh Raina and Rohit Sharma — to endorse its wealth and protection solution plans.

News of the day

Sonata wins Dredging Corporation contract
Sonata Information Technology (Sonata), a 100 per cent subsidiary of Sonata Software, has been awarded a project by public sector firm Dredging Corporation of India (DCI) to provide enterprise solution implementation services for its corporate office in Visakhapatnam and dredging project sites, according ot a company release on Monday.
Public Relations

Credit Suisse exits bid for ING's unit in Asia and Switzerland

Financial services major Credit Suisse Group has withdrawn from the bid for ING Group NV"s Asian and Swiss private banking business, a media report said. Attributing to people familiar with the situation, The Wall Street Journal said, Credit Suisse Group has exited from the bidding for Dutch financial services firm ING Groep NV"s Asian and Swiss private banking business.


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