Panduit, a Singapore-based unified physical infrastructure- based solutions, has signed a partnership agreement with Singapore headquartered IT solutions company, Datacraft, to provide a comprehensive suite of integrated services and solutions to address diverse physical infrastructure needs of clients across Asia-Pacific and Japan.
Essar Logistics net up 21%
Essar Shipping Ports & Logistics for the full year ended March 31, 2010, reported a 21% increase in net profit to Rs 93.77 crore, as against Rs 77.20 crore in the last year. Its revenues on a yearly basis increased to Rs 3,000.45 crore, as compared to Rs 2602 crore for the full year ended March 31, 2009. The company has commited a capex of Rs 4,800 crore for the financial year 2010-11.
City Union Bank profit jumps
City Union Bank recorded a 33% jump in net profit to Rs 34.81 crore in the quarter ended March 31, 2010, against Rs 26.12 crore in the same quarter previous fiscal. The total operating income of the bank in the quarter under review stood at Rs 119.70 crore.