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GUJARAT GAS : Entered Into A Non-Binding MoU With Petronet LNG Ltd COX & KINGS : To Demerge Foreign Exchange Ops Into Cox And Kings Financial

News

L&T fourth-quarter profit rises 28 percent, beats estimates

May 29

L&T reported a 28 percent rise in consolidated net profit for the March quarter, beating market estimates, with the infrastructure segment generating higher revenue.

Oil India fourth-quarter profit falls 96 percent on one-time charge

May 29

State-run Oil India Ltd posted a 96 percent fall in fourth-quarter profit, hurt by a one-time charge realised on the pre-discount and post-discount price of crude oil.

Fitch downgrades IDBI Bank's IDR to BB+; keeps outlook stable

May 29

Fitch Ratings downgraded IDBI Bank's long-term issuer default rating (IDR) to BB+ from BBB- but kept the state-run lender's outlook stable.

Cattle trade ban to halt beef exports, lead to job losses

May 29

The Indian government's ban on the trade of cattle for slaughter threatens $4 billion in annual beef exports.

India rules out cricket series with Pakistan

May 29

India said it won't play bilateral cricket series with Pakistan as long as Islamabad continues to support and sponsor cross-border terrorism.

Announce Shimla civic polls within a day: Himachal HC

May 29

Acting tough, the Himachal Pradesh High Court directed the State Election Commission to announce elections to the Shimla Municipal Corporation within 24 hours.

Ford offers discounts up to Rs 30k on EcoSport, Figo, Aspire

May 29

Ford India is offering discounts of up to Rs 30,000 on its compact SUV EcoSport, sedan Aspire and hatchback Figo to pass on benefits of new tax rates under GST.

Aggressive CRPF's post-Sukma anti-Maoist strategy notches big success

May 29

Within a month of the Sukma attack in which Maoists killed 25 CRPF troopers, the paramilitary force claimed big success in its anti-Maoist operations.

Drop in India, Kenya tea output brews price rises

May 29

The price of tea is likely to climb further this year after dry weather slashed production of the commodity in key suppliers India and Kenya.

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