The board of Birla Kennametal has recommended sub-division of each of 1 (one) existing fully paid-up equity shares of Rs 10 each into 5 (five) fully paid-up equity shares of Rs 2 each.
Bank of India announced that the board of directors of the company has decided to revalue some of its properties taking into account the appreciation in their value. The bank’s Tier II capital will stand increased once the process of revaluation is completed, it said.
Net profit of Bank of India rose 51.01% to Rs 315.20 crore on 34.94% rise in total operating income to Rs 2727.26 crore in Q1 June 2007 over Q1 June 2006.