RBS buys 2.5 crore shares in 19 companies for Rs407 crore

RBS bought these shares from ABN Amro Bank through various bulk deals by paying over Rs407 crore 

Mumbai: Royal Bank of Scotland (RBS) has bought about 2.5 crore shares in 19 companies including Adani Enterprises, HCL Infosystems and Infosys for a little over Rs407 crore from ABN Amro Bank, reports PTI.
The shares were bought in these companies from ABN Amro Bank through various bulk deals.
As per information available with the stock exchanges, The Royal Bank of Scotland Asia Merchant Bank (Singapore) bought a total of 2.46 crore shares in these companies for Rs407.56 crore.
RBS has also purchased shares in Infosys, SKS Microfinance, Jindal Stainless, Diamond Power Infrastructure, Brigade Enterprises, Anant Raj Industries and Banswara Syntex.
It also purchased shares in Aditya Birla Nuvo, Bajaj Auto, Glenmark Pharma, HUL, Tata Steel and Essar Shipping, among others.
Individually, RBS acquired 80.62 lakh shares of Adani Enterprises worth Rs181.19 crore, it also bought 11.50 lakh scrips of HCL Infosystems valued at Rs5.26 crore. The banking firm also acquired 1.5 lakh shares in Infosys for Rs35.10 crore.
The bank also bought 12 lakh shares of Jindal Stainless for Rs8.29 crore and 17.5 lakh scrips of SKS Microfinance valued at Rs21.61 crore. RBS also acquired two lakh shares in Anant Raj Industries for Rs16.25 crore.


Kotak Mahindra Bank Q2 net profit up 16% to Rs502 crore

While Kotak Mahindra Bank's total revenues increased over 47%, its net interest margin declined to 4.7% from 4.8% same period a year ago

Mumbai: Kotak Mahindra Bank reported a 16% rise in consolidated net profit at Rs502 crore in the second quarter ended 30th September on the back of higher core income from the banking unit, reports PTI.
The private sector bank's total income rose 47.24% to Rs4,035.75 crore compared with Rs2,740.84 crore in the same period last fiscal.
"Out of the consolidated profit of Rs502 crore, a major chunk of Rs280 crore was contributed by our banking operation, while the rest came from other entities like Kotak Mahindra Prime, Kotak Securities and Kotak Mahindra Old Mutual Life Insurance, among others," Group Chief Financial Officer Jaimin Bhatt told reporters here, while announcing the Q2 earnings.
Kotak Mahindra Prime posted a net profit of Rs114 crore, while in case of Kotak Securities it was Rs40 crore. Kotak Mahindra Old Mutual contributed Rs47 crore and profit of Kotak Mahindra Investments stood at Rs16 crore.
Bhatt said the net interest margin (NIM) came down to 4.7% in the July-September period compared to 4.8% a year earlier.
He said consolidated advances rose 21% to Rs61,255 crore, helping the balance-sheet cross Rs1 lakh crore- mark for the first time.
On the asset quality front, gross NPA improved a tad to 1.35% against 1.38% a year ago, while net NPA rose to 0.63% from 0.46%.
On a standalone basis, Kotak Mahindra Bank posted a 7.8% rise in net profit at Rs280 crore in the reporting quarter, as it had to make a provision of Rs42 crore, following acquisition of an NPA account from a NBFC.
However, its net interest income (NII) rose a healthy 25% to Rs758 crore against Rs605 crore. Advances rose 22% to Rs45,443 crore in Q2, while deposits grew 25% to Rs45,463 crore.
The low-cost CASA deposit base rose to 27.5% on the back of higher deposit rate offering on the savings accounts.
"We hope that the CASA will grow by around 1% every quarter in the near future," Kotak Mahindra Bank Joint Managing Director Dipak Gupta said.
Referring to loan growth, Gupta said farm loans witnessed highest growth in the last quarter.


Microsoft Windows 8 hits Indian shores; offers upgrade at Rs1,999

Windows 8 can be operated by touch as well as mouse and keyboard. Analysts feel that Windows 8 may emerge as good alternative but owing to application compatibility it would take some time for the OS from Microsoft to challenge others like Apple iOS and Google Android

New Delhi: Taking on competition from Apple and Google's Android, Microsoft today launched the latest version of its flagship operating system Windows 8, which is designed to work across PCs, tablets as well as smartphones.
Windows 8 can be controlled using touch (with tablets) and with mouse and keyboard (desktops).
The new operating system comes with a new start screen and adds more colours. The old start menu is replaced by tiles which showcases users' content that can be updated in real time.
"This is one of the biggest launches for us. This is the beginning of new era of computing. Windows 8 is designed to work across form factors and platforms (such as tablets)," Microsoft India Chairman Bhaskar Pramanik told reporters here.
Microsoft has partnered with 14 manufacturers, including Dell, Lenovo, HP, HCL, Acer, Asus, who together would put on sale 250 devices running on the latest Windows OS. These decives would be available in across 2,500 store in over 100 cities in India.
According to experts, while Microsoft still has the majority share in the desktop segment, its share in personal devices segment has shrunk in the recent past mainly due to increased usage of devices like smartphones and tablets, where Google's Android and Apple take the lead.
Gartner Principal Research Anaylst Vishal Tripathi said Windows 8 will emerge as good alternative but owing to application compatibility it would take some time for Windows 8 to challenge other OS on smaller form factors. ... it might not see a lot of traction in enterprise as organisations which have recently migrated to Windows 7 will give it a miss.
"It typically takes around 18 months. However, people who have recently moved to Windows 7, we don't expect them to migrate to Windows 8 as it takes at least one year for organisations to be ready for the rollout. Also there is work which needs to be done with the interface for enterprises, he said.
Windows 8 will be available in two versions, Windows 8 and Windows 8 Pro.
Consumers running PCs with Windows XP, Windows Vista or Windows 7, are qualified to download Windows 8 Pro for an estimated retail price of Rs1,999.
Windows 7 PCs purchased between 2 June 2012, and 31 January 2013 can download Windows 8 Pro for an estimated retail price of Rs699 with the Windows Upgrade Offer, the company said.
Microsoft is also working with its enterprise clients to help them shift to the latest version of the software.
Further, the company said with this launch, the Windows Store is now open and a plethora of global and local apps will be available for download.
In India, a range of immersive, free and paid apps can be downloaded including Bharat Matrimony, BookMyShow, Burrp, Goibibo, Hindustan Times, ICICI Bank iMobile, ICICIDirect, JustEat, MakeMyTrip Explore, MapmyIndia, Yahoo Cricket, and Zovi.
Recently, Microsoft also underwent a rebranding exercise, wherein it introduced a new logo for the first time in 25 years.
Also the company is expected to launch its first tablet Surface in India that will run on Windows 8 soon. Earlier this week, Apple made headline with the launch of the latest tablet iPad mini.




4 years ago

There are better (more stable, not affected by virus, free of cost, freely upgradable at no cost) which come with all the office, internet, multimedia, engineering, video editing software applications bundled completely free of cost.

Instead of upgrading to Windows (any version) download Linux from or You can try without installation by running these operating systems and accompanying software applications from a USB memory stick, and never be troubled by virus, crashes, data loss and embarrassment due to faulty software.

We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)