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HDFC Bank Q2 net profit rises 21% to Rs 5,005 crore

The net interest income for the quarter grew by 20.6 per cent to Rs 11,763.4 crore, driven by average asset growth of 22.9 per cent and a net interest margin of 4.3 per cent.

 
 
The Lakshmi Mittal-owned global steel giant bagged the lenders' approval following a long legal battle with other players in the race for acquiring Essar Steel.
Tata Sons Chairman Natarajan Chandrasekaran is looking to push the Group's aviation business through mergers and acquisitions.
Reliance Industries on Wednesday posted its highest ever net profit at Rs 9,516 crore in Q2 FY 19, up 17.35 per cent year-on-year (YoY).
 
 
RIL announced to acquire 66 per cent stake in Den Networks for Rs 2,290 crore and 51.3 per cent in Hathway Cable for Rs 2,940 crore. 
Hong Kong-based WK Life plans to open 200 outlets across India in the next two years, selling mobile phone cases, power banks, earphones and speakers.
Former SBI chairperson Arundhati Bhattacharya has joined the board of Reliance Industries (RIL) as independent additional director.
SkyTran is a US-based technology company which aims to solve traffic congestion by introducing personal rapid transit systems.
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