IDBI - Q1 results on Jul 18, 2007

Industrial Development Bank of India Ltd (IDBI) has informed BSE that a meeting of the Board of Directors of the Bank will be held on July 18, 2007, for considering the un-audited financial accounts of the Bank for the quarter ended June 30, 2007 (Q1), subject to a Limited Review by the auditors.

The stock closed at 117 down Rs. 2 today at stock market.

HDFC Bank announces Q1 results

HDFC Bank Ltd has announced the following unaudited results for the quarter ended June 30, 2007:

The Bank has posted a net profit of Rs 3212.30 million for the quarter ended June 30, 2007 as compared to Rs 2393.00 million for the quarter ended June 30, 2006. Total Income has increased from Rs 17952.10 million for the quarter ended June 30, 2006 to Rs 26417.00 million for the quarter ended June 30, 2007.

The stock closed at 1151 down 16 ( 1.5% ) following its results.

L&T Board declares special dividend

Larsen & Toubro Ltd (L&T) has informed BSE that the Board of Directors of the Company at its meeting held on July 03, 2007, inter alia, has decided to Pay Rs 2/- per share of Rs 2/- each as Special Dividend for the financial year 2007-08.

Further the Company has informed that, July 18, 2007 has been fixed as the Record Date to determine the members entitled to receive the aforesaid Special Dividend payable on July 24/25, 2007.