Edition:
United Kingdom

Prashant Mehra

Coal India posts Q3 profit decline on lower auction prices

12 Feb 2014

MUMBAI Coal India Ltd , the world's largest coal miner by output, posted its third straight decline in quarterly profit, on the back of softer prices at coal auctions and lower sales volumes during the period.

Idea's quarterly profit doubles as mobile market recovers

27 Jan 2014

NEW DELHI/MUMBAI Idea Cellular Ltd's quarterly net profit doubled as it benefited from reduced competition and an increase in voice call prices in the world's second-biggest mobile phone market, but missed analysts' estimates.

L&T Q3 profit rises 12 pct, company trims growth view

22 Jan 2014

MUMBAI Larsen & Toubro Ltd (L&T) on Wednesday cut its order book growth outlook for the current fiscal year, as a surge in overseas orders looked unlikely to offset the impact of a domestic slowdown in an election year.

Reliance awaits government nod for more gas investments

17 Jan 2014

MUMBAI Reliance Industries will hold off from more investment in its main gas block until the government approves its development plans, the energy company said on Friday, after reporting a forecast-beating quarterly profit.

India's Reliance, Bharti Airtel sign broad telecoms deal

11 Dec 2013

MUMBAI Conglomerate Reliance Industries Ltd and top mobile operator Bharti Airtel Ltd have agreed to share network infrastructure, as the old adversaries in India's crowded telecoms industry set aside differences to save costs.

Reliance, Bharti Airtel sign broad telecoms deal

11 Dec 2013

MUMBAI Conglomerate Reliance Industries Ltd and top mobile operator Bharti Airtel Ltd have agreed to share network infrastructure, as the old adversaries in India's crowded telecoms industry set aside differences to save costs.

India's Reliance, Bharti Airtel sign broad telecoms deal

11 Dec 2013

MUMBAI Conglomerate Reliance Industries Ltd and top mobile operator Bharti Airtel Ltd have agreed to share network infrastructure, as the old adversaries in India's crowded telecoms industry set aside differences to save costs.

Sale of Power Grid gets bids for 6.7 times stock on offer

06 Dec 2013

MUMBAI A 700 billion rupee sale of shares in state-run Power Grid Corp Ltd received bids for 6.7 times the stock on offer by close on Friday, in an issue that helps the government inch toward its asset-divestment target.

ONGC's flat profit worries as growth financing eyed

13 Nov 2013

NEW DELHI/MUMBAI Oil and Natural Gas Corp on Wednesday reported modest profit growth in the second quarter, raising concerns about its ability to finance a major investment programme while shouldering the burden of hefty domestic subsidies.

India targets $2.3 billion asset sales by year-end - sources

11 Nov 2013

MUMBAI India has revived plans to sell stakes in two state-owned companies to raise about $2.3 billion to boost public finances, aiming to push through a sale by mid-December to take advantage of a share market rally.

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