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News In Pictures:29 April 09

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Software firm Patni on Wednesday said March-quarter net profit fell 17.4 per cent, in-line with its own forecast, and projected higher profit but lower revenue for April-June, boosting the shares 10.7 per cent. New York-listed Patni Computer Systems Ltd forecast a net profit before hedging losses/gains of $26.5 million to $27 million for the second quarter ending June, better than $24.2 million last year. (Reuters)
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Daniel Bouton, the chairman of Societe Generale whose reputation was hit by a trading scandal at the bank, said on Wednesday he would resign in the wake of repeated criticism over his performance. "I have decided to put an end to my mandate as chairman of the board of directors of Societe Generale as of May 6. The board will elect a new chairman at its meeting on that same day," Bouton said in a statement. (Reuters)
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Bharti Airtel, India's top mobile operator, increased quarterly profit by 21 per cent as it added more users and held tariffs steady even as rivals cut prices, but growth concerns weighed on its stock. The company, about 31 per cent owned by Southeast Asia's top phone firm SingTel, announced its maiden dividend and a two-for-one stock split, but its shares underperformed the broader market after jumping initially. (Reuters)


Tags assigned to this article:
economy india rahul khullar gdp trade exports imports