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ArcelorMittal sponsors 78 for ITI training
As part of its Corporate Social Responsibility (CSR), ArcelorMittal India, planning to set up a 12 million tonne greenfield steel project in Keonjhar district has sponsored 78 young people including 16 girls from its project site villages in Patna tehsil of Keonjhar district for ITI training at Don Bosco, Rourkela.The company has entered into an agreement with Don Bosco, Rourkela for the academic year 2009-2010 and 2009-2011.

Axis Bank to raise Rs 940 cr from promoters
The country"s third-largest private sector lender, Axis Bank, today said it expects to raise about Rs 940 crore through preferential allotment of 1.08 crore shares to its promoters, including LIC, by September 24.

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IOB net dips 51% to Rs 176 cr
Indian Overseas Bank today reported 51 per cent decline in its net profit at Rs 176.04 crore for the second quarter ended September 30, 2009.
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IOB net dips 51% to Rs 176 cr

Indian Overseas Bank today reported 51 per cent decline in its net profit at Rs 176.04 crore for the second quarter ended September 30, 2009. Total income of the state-run lender, however, increased to Rs 2,922.33 crore during the quarter under review from Rs 2,643.26 crore in the corresponding period a year ago, IOB said in a filing to the Bombay Stock Exchange (BSE). Jan cement sales in high double-digit The bank"s total deposits grew 20.54 per cent to Rs 1,094.35 crore during the period and the total business increased 17 per cent to Rs 1,87,853 crore. The bank"s interest income rose 5.06 per cent to Rs 2,549.95 crore during the September quarter. The bank"s capital adequacy ratio increased to 14.27 per cent at the end of September 30.Shares of IOB were trading at Rs 110.80, down 4.61 per cent in afternoon trade on the BSE.


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