Dena Bank Q1 net profit up at Rs138.8 crore vs Rs116 crore

Dena Bank Ltd said its first quarter net profit rose to Rs138.8 crore compared with a net profit of Rs116 crore recorded in June quarter a year ago.

The lenders total revenues, including interest, for the June 2010 quarter increased to Rs1,221.8 crore from Rs1,123.8 crore, same period a year ago.

On Monday, Dena Bank shares ended 1.8% down at Rs99 on the Bombay Stock Exchange, while the Sensex closed 0.6% lower at 18,020 points.

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Dabur India unit signs deal to buy 100% stake in Turkish company

Dabur India Ltd said its subsidiary Dabur International Ltd signed an agreement to acquire 100% stake in a Turkey-based Hopi Group for $69 million.

Hobi Group is a personal care company and includes Hobi Kozmetik, Zeki Plastik and Ra Pazarlama. The transaction is expected to complete by third quarter of the financial year 2010-11, Dabur said in a regulatory filing.

On Monday, Dabur India shares ended 3.7% down at Rs203 on the Bombay Stock Exchange, while the Sensex closed 0.6% lower at 18,020 points.

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Union Bank Q1 net profit rises to Rs601.4 crore

Union Bank of India registered a first quarter net profit of Rs601.4 crore compared to Rs442.2 crore for the quarter ended 30 June 2009.

During the June 2010 quarter, its total revenues, including interest, increased to Rs4,120.7 crore from Rs3,704 crore for the same quarter last year.

On Monday, Union Bank shares shed 2% at Rs319 on the Bombay Stock Exchange, while the Sensex closed 0.6% lower at 18,020 points.

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