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  1. India’s IDFC hits 3-month high; operating profit beats some estimates

India’s IDFC hits 3-month high; operating profit beats some estimates

IDFC rises as much as 4 percent to 154.25 rupees, Marks highest level since July 2013....

By: | Published: October 31, 2014 11:13 AM
IDFC Sept-quarter profit fell 14 percent to 4.21 billion rupees. (Reuters)

IDFC Sept-quarter profit fell 14 percent to 4.21 billion rupees. (Reuters)

IDFC rises as much as 4 percent to 154.25 rupees. Marks highest level since July 2013.  Strong non-interest income boosted operating profits to 9 billion rupees, say traders.

IDFC Sept-quarter profit fell 14 percent to 4.21 billion rupees ($68.64 million).  Also, IDFC board approved demerger of financing undertaking.

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