Credit Suisse

Modi-led govt. may not boost economy: Credit Suisse

Modi-led govt. may not boost economy: Credit Suisse

A Narendra Modi-led government at the Centre will likely not be able to boost the Indian economy, leading equity research firm Credit Suisse said in its latest report.

In its report titled "Elections: Much Ado About Nothing," Credit Suisse said a verdict in favour of the BJP would not help kick-start investments in the economy because merely a quarter of the stalled projects required clearance from the Centre government. In other words, nearly three-quarters of the projects have already been cleared by the Centre.

Telco stocks making Indian shine

Telco stocks making Indian shine

In today's race the Indian shares serrated their finest weekly plunge in the three as they grabbed 1 percent on Friday, along with the telecom stocks tossing a rise by Credit Suisse and Infosys Technologies putting on trial a new tall on improved earnings prospects pushing ahead of the quarterly results trailing next week.

Credit Suisse advanced the top mobile group Bharti Airtel with a outperform rating from neutral rating, that pushed the shares elevating as much as 10.4 percent.

Credit Suisse reports its fourth-quarter and full-year 2009 results

Credit-SuisseCredit Suisse reported strong quarterly results, beating market expectations. For the full year 2009, the company reported net income of CHF 6.7 billion. Return of equity was 18.3% for the full year.

Company also reports strong result in its private banking with pre-tax net income of CHF 3.7 billion. For the fourth quarter 2009, net income was CHF 0.8 billion. Return of equity was 8.3%.

Zurich Based Credit Suisse Group Reports higher Net Profit

Credit Suisse

A much larger than expected profit report has been submitted by Zurich's Credit Suisse Group on Thursday.

Giving the Swiss banks a reason to look at things in an optimistic light even in today times of economic distress, the Suisse Group posted 2.35 Billion Swiss Francs worth of net profit, an equivalent of US $38 Billion, for 3 months up-to September 30. The figures have heavily surpassed the estimates put forward by analysts who stood firm at 1.72 Billion Francs.