Bank of Baroda profit drops 36% at Rs 355cr; NPAs come down

Bank of Baroda profit drops 36% at Rs 355cr; NPAs come down

Gail (India) on Tuesday posted a 41.63 per cent year-on-year rise in net profit at Rs 1,309.63 crore for the quarter ended September 30, 2017 against Rs 924.65 crore in the corresponding quarter last year. "The company has reported an improved financial performance during the quarter as well as half year ended September 2017".

GAIL, which owns the biggest natural gas pipeline network in the country, earned Rs 853.48 crore pre-tax profit from gas transmission business in the quarter as compared to Rs 660.74 crore a year ago. And net NPAs or bad loans stood at Rs 19,572.62 crore, as compared to Rs 19,341.95 crore.

Also, the bank said it made an additional provision of Rs 22.06 crore in respect of standard advances to stressed sectors of the economy.

Volunteers needed to make special hats for newborns
Little Hats, Big Hearts started in February 2014 in Chicago, IL collecting 300 hats in the first year. The organization has a database of participating hospitals and points of contact across the country.

Oil markets cautious as OPEC cuts are met by rising U.S. output
OPEC also says in contrast to the IEA that demand will rise by 1.51 million bpd next year, up 130,000 bpd from previously, to 98.45 million bpd.

Tetra Technologies Inc (NYSE:TTI) Q2 2017 Sentiment Report
Cooke & Bieler Lp increased Cardinal Health (NYSE:CAH) stake by 51,152 shares to 1.28 million valued at $99.64M in 2017Q2. Insight Capital Research stated it has 0.59% in Tetra Tech, Inc . (NASDAQ:TTEK). 5,386 are owned by Parametrica Mgmt.

Revenue during the period increased 10.9 per cent to Rs 655 crore from Rs 590.8 crore in the year ago quarter.

The bank's asset quality deteriorated further in the September quarter of the current fiscal.

The company has registered sales of Rs 1,433.2 crore compared to Rs 1,393.2 crore in the corresponding quarter of the previous year, representing an increase of 12 per cent, a company statement said.

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