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Tuesday, October 14, 2008
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CORPORATE RESULTS

PRIVATE BANKS: All-round growth drives Axis Bank Q2 net up 77%
No exposure to sub-prime or CDO assets abroad. Hyderabad, Oct. 13 At a time when every bank is looking at the others with suspicion, in the backdrop of the liquidity crunch and global financial crises, Axis Bank flagged off this results season ...

PLASTICS: Sintex net rises 86%
Sintex India Ltd reported a net profit of Rs 8 crore (Rs 4.5 crore), up 86 per cent for the second quarter. Net sales were reported at Rs 71.9 crore, up 85 per cent against the same period last year. The growth was mainly due to the plastics ...

PRIVATE BANKS: NIM improves despite higher cost of funds
Axis Bank could face heat from agri, retail segments. Axis Bank’s September quarter (Q2FY09) results came as a positive at a time when banks were expected to take a hit on profitability to gain market share in advances and ...
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Markets (Oct 13)
Nifty (at close)3490.70(+210.75)
US Dollar (Buy/Sell)48.07/08
Brent crude (a bbl) Rs3,595
Gold (a gram) Rs1,235
Silver (a kg) Rs18,590

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