UBI posts Rs 344.83 crore net loss in Q2

GAIL Q2 Profit Soars 41% To Rs1,309.4 Crore

State-owned NBCC Ltd today reported a 31 per cent increase in consolidated net profit at Rs 81.23 crore for the September quarter of the current fiscal.

Net income of the company, however, declined by 13.3% to Rs 1363.41 crore in the September quarter, compared with Rs 1572.63 crore in the year-ago period.

Revenue from operation of the company jumped 2.64 per cent year-on-year to Rs 12,409.65 crore during the quarter under review against Rs 12058.48 crore in the same quarter last year.

GAIL, which owns the biggest natural gas pipeline network in the country, earned Rs 853.48 crore pre-tax profit from gas transmission business in the quarter as compared to Rs 660.74 crore previous year.

Bank of Baroda said it made provision of 20 per cent on secured sub-standard advances which is higher than the regulatory requirement of 15 per cent.

Brad Paisley to stop in Knoxville on 2018 Weekend Warrior World Tour
Paisley will bring along with him Dustin Lynch , Chase Bryant , and "multi-instrumentalist" Lindsay Ell . Paisley has sold more than 12 million albums and put 32 songs onto the Billboard Country Airplay chart.

"In compliance with RBI. Remaining Rs 325.89 crore will be provided in next two quarters as permitted under RBI directions", the bank said.

The bank's operating profit saw a 34.5 per cent y-o-y dip to Rs 286 crore against Rs 436.59 crore in the year-ago period.

The deposits stood at Rs 5.83 lakh crore by end of second quarter, 2017-18 against Rs 5.67 crore.

On Tuesday, shares of Grasim Industries fell 1.06% to Rs1,209.05 on BSE while the benchmark Sensex shed 0.28% to end the day at 32,941.87 points.

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