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L&T Finance net soars 49% as advances surge

MUMBAI, JUL 26:   L&T Finance Holdings, financial services arm of the engineering major L&T, today reported consolidated net profit growth of 49 per cent at Rs. 309 crore for the three months to June driven by higher advances that clipped at 96.4 per cent and better asset quality. This is the fifth consecutive successful quarter for the company after many quarters of ... Read More »

Facebook Hits 1.86 Billion Monthly Active Users as Earnings Surge

Facebook Hits 1.86 Billion Monthly Active Users as Earnings Surge HIGHLIGHTS Facebook said it made a net profit of $3.7 billion Daily active users went up to 1.23 billion India was a hot market in the fourth quarter Facebook shares bounced Wednesday with word that profit more than doubled in the final quarter of last year, coming back down after ... Read More »