Canara online unit

Public sector Canara Bank has launched an online equity trading platform through its wholly owned subsidiary Gilt Securities Trading Corporation Ltd. At present, the online trading facility will be available to all individual savings and current account holders in select Canara bank branches. It will be extended to all branches later. “Online trading in India is expected to grow to 50 per cent by 2010 from 16 per cent,” Canara Bank chairman M. B. N. Rao said.

Ratnabali Cap

Ratnabali Capital Markets Ltd has reported a profit after tax of Rs 14.59 crore in the nine months ended December 31 against Rs 12.03 crore in the previous year. Profit before tax for the reporting period stood at Rs 18.55 crore compared with Rs 16.13 crore in the year-ago period.

Magna Steyr

Magna Steyr, an operating unit of Magna International Inc, is moving to a new engineering and research & development office in Pune. The new office accommodates 70 engineers and support staff and the company plans to recruit around 200 additional automotive engineers this fiscal.

Diligenta

Diligenta, a subsidiary of Tata Consultancy Services, has bagged a contract to deliver business process outsourcing services to support Sun Life Financial of Canada's UK operations. The services, which are expected to begin in May this year, are estimated to be worth £100 million.

Orchid Chem

Orchid Chemicals and Pharmaceuticals Ltd has registered a profit after tax of Rs 54.12 crore for the quarter ended December 31 against Rs 28.32 crore in the corresponding quarter of the previous year. Profit before tax stood at Rs 61.78 crore compared with Rs 31.28 crore a year ago.

Aegis Logistics

Aegis Logistics has registered a profit after tax of Rs 10.28 crore in the quarter ended December 31 against Rs 5.84 crore a year ago. Total income increased to Rs 98 crore from Rs 66 crore in the year-ago period.

i-flex software

Chinatrust Commercial Bank will implement i-flex Solutions’ Flexcube universal banking solution as the software platform for its universal banking business. i-flex Consulting recently completed a business process transformation exercise at the bank.

SBI Life

SBI Life Insurance Company Ltd has registered premium collections of Rs 2,748.28 crore for the first nine months of 2007-08. The company posted a net profit of Rs 37.74 crore for the quarter ended December 2007.

Aptech award

Global learning solutions firm Aptech Ltd has been awarded the Indira India Innovation Award for innovation in IT training and mLearning solutions.