Saturday, April 3, 1999
State Bank's market share in credit and deposits shrinks
The State Bank of India has lost market share both in deposits and advances in fiscal 1999. Of the two, the fall in the bank's market share in total credit is substantial. It went down by over one percentage point--from 21.20 per cent to 20.23 per cent of the total advances of all scheduled commercial banks.
JK Drugs & Pharma eyes formulations as profit centres
JK Drugs & Pharmaceuticals, part of the $1.3-billion (approximately Rs 5,500 crore) HS Singhania group, is evaluating the feasibility of developing its formulations marketing and research and development (R&D) segments as separate profit centres.
BHEL turnover jumps 4.5%; net profit drops 20% to Rs 569 crore
Bharat Heavy Electricals Ltd (BHEL) has recorded an increase of 4.5 per cent in its turnover at Rs 6,765 crore during 1998-99 as against Rs 6,471 crore in the previous financial year.
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