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Mumbai: The country's largest lender State Bank of India (SBI) said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June 30, 2012, as compared to Rs.1,583.55 crore recorded in the corresponding period of last year. The bank's total income has increased to Rs.32,415.49 crore for April-June 2012 quarter as compared to Rs.27,731.67 crore recorded in the corresponding period of 2011. SBI's non-performing assets (NPA) rose sharply to 4.99

Kolkata :PanIIT, the global association of Indian Institute of Technology (IIT) alumni, will organise its annual global meet in Kolkata. The city will host the three-day meet starting Dec 7, for the fist time. More than 3,000 delegates, which would include policy makers, consultants and planners from both public and private sectors, are expected to participate in the event. Renowned personalities like Human Resources Development Minister Kapil Sibal, Infosys founder N.R. Na

Mumbai:Two crore of the estimated 4.8 crore mobile Internet users in India have shifted 50 percent of their newspaper and TV time to their mobile screens for entertainment, all categories of news, travel and sports content, according to a report. The Mobile Internet behavior and usage study, conducted by India's leading online audience and ad measurement platform ViziSense, found that of the 4.8 crore mobile internet users in India, a huge 87 percent are online on the mobile ev

Mumbai : Confederation of Real Estate Developer's Associations of India (CREDAI) has welcomed the Union Government's decision to extend the interest subsidy at the rate of 1 per cent on housing loans upto Rs.15 lakh where the cost of the house does not exceed Rs.25 lakh for the year 2012-13. "This is a positive step which will act as an incentive to home loan borrowers," Paras Gundecha, MCHI-CREDAI President said in a release. Mr Gundecha however called fo

Thiruvananthapuram: HDFC Bank, the second largest private sector bank in the country, has launched its exclusive range of credit cards for Doctors -- Doctor's Superia and Doctor's Platinum cards. These premium credit cards, launched on the occasion of National Doctors Day, are designed to cater to the lifestyle, travel and other needs of doctors, according to a press release here. Parag Rao, Business Head, Credit Cards and Merchant Acquiring Services, HDFC Bank said

New Delhi: India's cabinet  approved a new telecoms policy, aiming to increase transparency and rekindle growth in one India's flagship sectors recuperating from a huge corruption scandal. The new policy that will replace decade-old rules, proposes to separate operation licenses and mobile spectrum, against the current practice of bundling them, and will charge a market-derived price for airwaves, among other things. India will also seek to switch spectrum band