US officials have once again pushed India to continue reforms to tackle the barriers to foreign trade and investment.

SKS Microfinance has announced a net loss of Rs 70 crore for the period ended on March 31 because of annulment of processes in many parts of Andhra Pradesh.

For the fiscal 2010-11, the net profit of the country's first listed public company in the microfinance sector dropped 36% to Rs 111.63 crore as against Rs 173.95 crore during the previous year.

For the year ended March 31, 2011, State Bank of Hyderabad (SBH) has posted a growth of 42% in its net profits.

The bank recorded a net profit of Rs 1,166 crore as compared to Rs 823 crore during the previous fiscal.

The bank said that its operating profit surged 35% to Rs 2,319 crore from Rs 1,721 crore in 2009-2010.

The surge in profit is mainly because of higher net interest income that climbed 53%.

Public sector lender Dena Bank is eyeing to concentrate on home loans and fee-based income to increase income in the subsisting financial year.

Mr. DL Rawal, chairman and managing director stated, "We are eyeing 25% growth in our home loan portfolio in 2011-12."

Mr. Rawal stated that Dena Bank has joined hands with 400 builders and is chasing CRISIL star ratings on realty projects with the aim to tap constructors.

Uflex has announced an over three-fold increase in its net profit to Rs 695 crore for the fiscal year ended March 31, 2011 on account of sturdy demand.

During the previous year, the company registered a net profit of Rs 190 crore.

Flexible packaging firm attributed its sturdy quarter income to hefty demand styles across the world and growing production capacitances across its plants based in Egypt, Mexico, Dubai and India.

HCL Technologies hit street prospects with a 33% growth in net profit for the three month period ended on March 31, 2011, as customers augmented outsourcing especially in spheres like financial services, energy plus utilities.

Despite the management's remarks on flat IT expenditures and slowing down of big agreements in the marketplace, HCL's third-quarter outcomes cheered the bourses.

India's second biggest software major Infosys has recorded around 14% growth in its consolidated net profit, which stood at Rs 1,818 crore for the three month period ended March 31, 2011.

The company's quarterly outcomes failed to meet up the market expectations.

In addition, the company's directors have announced a final dividend of Rs 20 a share on every share of Rs 5 held for the full fiscal.

Hospitality major the Oberoi Group announced that EIH would use approximately Rs 900 crore out of the Rs 1,178.86 crore lifted during the last month from a rights issue to retire debt.

The company is presently under growth mode and would append novel properties in the country as well as overseas by the next four years (2014).

The administration is said to have clarified the name of Pratip Chaudhuri for appointment as SBI Chairman.

Managing Director R Sridharan is functioning as SBI chairman at the present after O P Bhatt retired in March 2011.

Mr. Sridharan will retire during June this yera.

Chaudhuri became the part of SBI team as a PO in the year 1974.

Bajaj Auto, the second biggest two-wheeler manufacturer in the country, has registered an increase of 12% in its sales during the last month (March 2011).

The auto giant managed to sell 3,07,738 units of its vehicles during March as against 2,74,277 units sold during the same period of 2010.