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Tuesday, 3 August 2010

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ComBank records Rs 2.3 b profit in 1 H

Continued improvements in key performance indicators in the second quarter of 2010 have enabled the Commercial Bank Group to record noteworthy profit growth for the six months ended June 30, despite a drop in foreign exchange income.

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USAID funds Rs 1.1 billion

Four new business alliances for North:

The U.S. Agency for International Development (USAID) Colombo and the development office of the U.S. Embassy, forged four new business alliances with Sri Lankan private companies, under USAIDs Public/Private Alliance (PPA) program. These partnerships are expected to create 10,000 full-time jobs in the North.

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Virtusa revenue tops US $ 51.4 m in Q1

Virtusa Corporation revenue for the first quarter fiscal year 2011 ended June 30, 2010 was US $ 51.4 million, an increase of 38 percent year-over-year and 8 percent sequentially a company media release said.

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