2. • HDFC Bank reported a net profit of Rs 912.1 crore for the
quarter ended September on the support of strong growth in
interest income, there has been an increase of a 32.7 per cent
from Rs 687.46 crore an year before.
• Net interest income grew 29.2 per cent to Rs 2,526.3 crore,
against Rs 1,955.3 crore in the September 2009 quarter.
3. • State Bank of India (SBI) has valued its upcoming bond issue at
the point of 9.50% for 15 years and 9.25% for 10 years
• The proceeds on its 10-year bonds are approximately two
fraction points above than what the bank presents on the five-
year deposits and 123 basis points over the earnings on
government bonds of parallel development.
4. • Analysts believe the markets will remain strong in the short
term due to the bullish sentiments and strong foreign
institutional investor (FII) inflows.
• Investors are advised to exercise caution and not get over-
optimistic on the markets.
• Investors should track the factors that can trigger a correction
in the markets. The current rally has been in an upward
direction since the last couple of months and a technical
correction seems due in the markets
5. • environment-friendly and battery operated small car.
• In a joint collaboration with China's SAC (Shanghai Auto Car),
GM will bring three "value-package" cars, he said.
