Tuesday, January 19, 1999
Reliance profit falls in 3rd quarter
Reliance Industries Ltd (RIL), the largest company in the Indian private sector, has recorded a 7.6% drop in its net profit for the third quarter ended December 1998 at Rs 402 crore as compared to Rs 435 crore recorded in the same period of last year.
RBI to monitor small finance firms
The Reserve Bank of India has shifted its focus to non-banking finance companies (NBFCs) with net owned funds (NOFs) below Rs 25 lakh holding public deposits.
Pentafour Software Q3 profit up 100 pc
Pentafour Software & Exports Ltd has posted a whopping 92% growth for the third quarter ended December 1998, with turnover shooting up to Rs 133.84 crore from Rs 69.90 crore for the corresponding period last year.
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