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Credit Suisse posts 29.75% growth in Q2 net income
Swiss banking major Credit Suisse today reported 29.75 per cent growth in net income at 1.57 billion Swiss francs for the second quarter backed by strong results from its investment banking segment.

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Racing ahead
While robust demand and availability of credit has boosted auto volumes in recent months, higher interest rates and reversal of excise duty cuts may play spoilsport.

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Bengal invites Mamata's rail coach proposal on Singur site
In yet another twist to the issue at Singur—the erstwhile Tata-Nano project site— the West Bengal government has written to the Railway Board, seeking a formal proposal for the rail coach factory on the site, mooted by Trinamool Congress leader and Railways Minister Mamata Banerjee.
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Sloane Robinson ups stake in Indiabulls Real Estate to 5.42%

Foreign fund house Sloane Robinson LLP has hiked its stake in Indiabulls Real Estate to 5.42 per cent through open market share acquisition. - Foreign fund raises stake in Glenmark Pharma to 5.31% - NEWSALERT: Sloane Robinson raises its stake in Indiabulls to 5.08% - Lazard gets govt nod for India private equity fund UK-based Sloane Robinson LLP, as investment manager of various entities, has bought 19.82 lakh shares (0.50 per cent stake) of Indiabulls Real Estate Ltd through open market transactions, the realty developer said in a disclosure to the Bombay Stock Exchange (BSE). Post the transaction, Sloane Robinson holds a 5.42 per cent stake in Indiabulls Real Estate. The transaction of shares was executed on October 8, the disclosure added. The value of the transaction comes at about Rs 57 crore when calculated with the closing share price of Indiabulls Real Estate on October 8 on the BSE. In afternoon trade, shares of Indiabulls Real Estate were trading at Rs 282.60, down 3.63 per cent.


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