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Bank of Maharashtra net down 7%
Public sector lender Bank of Maharashtra reported 7 per cent drop in net profit to Rs 112 crore for the quarter ended December 31, 2009 as against Rs 120.6 crore in the year-ago quarter.

Banking disrupted as employees go on strike over merger
Bank employees owing allegiance to four Left-leaning unions today went on a strike protesting the proposed merger of the State Bank of Indore with parent SBI, disrupting normal banking operations in the country, a top union official said.

News of the day

Markets spurt on positive global cues; auto, pharma, metals lead
The markets staged a spectacular rally on the back of positive overseas cues. The Sensex regained the psychological 17k mark to end at 17,198, stronger by 272 points, and the Nifty closed at 5,122, higher by 89 points. Auto, pharma, metal and high-beta realty stocks were the flavour of the day.
Public Company

Pratibha hits upper circuit on Rs 523cr order

Pratibha Industries zoomed 10% to close at its upper circuit limit of Rs 178. The counter witnessed a near five-fold increase in its total traded of 51,462 shares as against its two-week average traded quantity of 10,784 shares. ______________________________________________________________ Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit Pratibha Industries has rallied nearly 9% to Rs 175, backed by the development that the company secured a Rs 523.40 crore contract. The stock touched a high of Rs 178 and a low of Rs 168, so far. The scrip opened at Rs 169 on the BSE today. The counter has witnessed around a four-fold increase of 41,900 shares, as against its two-week average traded quantity of 10,784 shares. Pratibha Industries informed BSE today that the company had secured a contract for construction of a medical college at Patna from National Buildings Construction Corporation. The total value of the contract is Rs 523.40 crore.


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