TOP CORPORATE NEWS-07 NOV 2014

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IIFL considers eliminating trading commission: report
Leading brokerage IIFL Holdings is considering cutting trading commissions to zero to attract customers, Bloomberg reported Thursday.

Pharma index hits new high
Shares of pharmaceutical companies are on a roll with the National Stock Exchange (NSE) CNX Pharma and the Bombay Stock Exchange (BSE) S&P BSE Healthcare index hit their respective record highs today.

Axis Bank hits lifetime high; zooms 80% in 2014
Shares of Axis Bank has moved higher by nearly 3% to Rs 472, also its record high on the National Stock Exchange (NSE).

Nilkamal plunges on weak Q2 results
Nilkamal has plunged 11% to Rs 336 after reporting a sharp 45% year-on-year (yoy) decline in net profit at Rs 6.84 crore for the second quarter ended September 2014 (Q2), due to higher expenditure. The plastic products maker had profit of Rs 12.55 crore in a year ago quarter.

Cummins India surges over 10% as Q2 profit beats estimate
Cummins India has surged 12% to Rs 825 after reporting a better than expected net profit of Rs 202 crore for the second quarter ended September 2014, primarily due to higher exports and other income. The company had a profit of Rs 145 crore in the second quarter of last fiscal.

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