The Hindu Business Line : Tuesday, October 16, 2007

SOFTWARE
TCS clocks 22.8% rise in Q2 net on better margins
Mumbai, Oct 15 With over 50 per cent of its revenues coming from new service areas such as infrastructure services, consulting and BPO, Tata Consultancy Services clocked a 22.8 per cent rise in net profit to beat street estimates for the ... More

Sasken posts higher net on broad-based growth
No negative impact from US crisis, says CEO More

CMC net rises 93.3%
Mumbai, Oct. 15 City-based IT firm CMC Ltd has posted a 93.27 per cent rise in net profit for the quarter ended September 30 to Rs 23 crore, against Rs 11.9 crore logged in the corresponding quarter last year. Total income increased by ... More

PRIVATE BANKS
AXIS Bank rides on core business growth
Net profit rises 60%; robust fee income, trading gains help More

PUBLIC SECTOR BANKS
Other income lifts UCO Bank net by 50%
Kolkata, Oct. 15 UCO Bank has recorded a net profit of Rs 243.4 crore for the period ended September 2007, a 50-per cent increase from Rs 162.21 crore posted at the end of the corresponding period last year. Its operating profit stood at Rs ... More

Indian Bank’s Q2 net up 46 per cent
Recovery of big ticket NPAs likely soon More

FINANCIAL INSTITUTIONS
IFCI net rises 3-fold on NPA recovery
New Delhi, Oct. 15 IFCI Ltd on Monday reported a net profit of Rs 497.29 crore for the quarter ended September 30. This represents more than three-fold increase to the net profit of Rs 115.83 crore recorded in the same period last ... More

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Looking back
Oct. 7-Oct. 13
HDFC Bank’s customer assets rise 33%