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TOP CORPORATE NEWS-9 May 2014

Eicher Motors Q4 net profit at Rs. 1.39bn
Eicher Motors has posted consolidated net profit of Rs. 1391.20 million for the quarter ended March 31, 2014 as compared to Rs. 979.40 million for the quarter ended March 31, 2013. Total Income has increased from Rs. 17687.40 million for the quarter ended March 31, 2013 to Rs. 19795.60 million for the quarter ended March 31, 2014.

FTIL slumps after CMD remanded to police custody

Financial Technologies hit a lower circuit limit of 5% as the company's CMD Jignesh Shah has been remanded to police custody until 15 May 2014.

Glenmark Pharma slips after Q4 results

Glenmark Pharmaceuticals fell 1.57% after consolidated net profit slumped 75% to Rs 43.07 crore on 27.1% increase in total income to Rs 1691.49 crore in Q4 March 2014 over Q4 March 2013.

Bank Nifty hits record high; up 3% at 13,469

Banking shares which are a favourites of foreign institutional investors have seen a sudden surge in today's trade with bank share index Bank Nifty hitting a record intra-day high so far.

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