Indian Bank has registered an increase of 11% in net profit, which stood at Rs 368.15 crore during the first quarter ended June 2010 as compared to Rs 331.66 during the corresponding period of 2009.

The earnings per share (EPS) of the bank increased to Rs 33.16 from Rs 29.76 in the same period of last year.

According to reports, United Bank of India (UBI) is eyeing credit growth of 20%and deposits growth not surpassing 22%during the existing financial year (2010-11).

The banking institution said that it would keep its advances growth controlled up to September 2010 by keep itself away from low-yielding loans.

Seagate has made announcement about the launching of its newest Momentus XT drive in the Indian market.

The 2.5-inch laptop PC hard drive, Momentus XT, features Adaptive Memory technology, which discovers and optimizes the drive's recital to each and every by moving frequently used data into the flash memory for quicker access.

Fiat India has launched 'Fiat Grande Punto 90HP MULTIJET', its newest offering in the premium hatchback section, in Kerala.

While talking to media persons after introducing the car in Kerala, Mr. Ravi Bhatia, Fiat India Commercial Vice-President, stated that the novel car, tipped to be the country's most potent diesel hatchback, was built up with a multi-jet engine catered by a variable geometry turbocharger.

In the first quarter of 2010-11, Jet Airways recorded a net profit of Rs 3.52 crore on the back of superior seat sales and increase in passenger traffic as compared to a loss of Rs 22.53 crore during the same period of last fiscal
(2009-10).

Zen Mobile has made announcement about the launching of its newest dual SIM (GSM+GSM) handset, Z82 in India.

The newly launched phone, which comes fitted with an Analog TV receiver, lets users to watch 'Live' terrestrial broadcasts with the help of their handsets while moving ahead.

This is the first time that an Indian handset manufacturer has introduced such a phone.

India's second biggest two and three wheeler company Bajaj Auto recorded a 100% growth in its net profit, which stood at Rs 590 crore during the three month period ended June 2010 as compared to Rs 293 crore during the same period of 2009-10.

For the first quarter of this fiscal, the total income of auto maker grew by 66.35% to Rs 3,890.06 crore as compared to Rs 2,338.47 crore in the corresponding period of last year.

Amid ongoing competitive challenges, Nokia has announced a decline in its net profit for the three month period ended June 2010.

The world's biggest mobile phone manufacturer reported net profit worth 104 million euros (USD 133 million) as against 287 million euros during the corresponding period of 2009.

Nokia has made announcement that it has joined hands with the GSM brand of Tata Teleservices, Tata DoCoMo.

Finnish giant said that it tied up with Tata DoCoMo with the intention to provide Nokia Ovi Life Tools to a larger base of Tata DoCoMo subscribers residing in rustic as well as semi-urban regions of the country.

Birla Corporation has announced that it has registered PAT (profit after tax) of Rs 118.28 crore during the first quarter of the existing financial year.

The M. P. Birla Group flagship company said that the PAT showed a 23.86% fall, as the company recorded a profit of Rs 155.34 crore in the same period of the last year.