Larsen and Toubro (L&T), an engineering & construction company, has reported a net profit of Rs 991 crore in the third quarter of FY12, a growth of 18% as compared to Rs 840 crore in a year ago quarter. Other income jumped 78.9% to Rs 449 crore from Rs 251 crore during the same…

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The January stock rally has brought with it hopes that the market will rebound from last year’s middling performance, but it has lacked one key ingredient: enough investors. The Standard & Poor’s 500 has rallied 4.5 percent so far, but the average retail investor-counted…

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On a day the country’s most valued company, Reliance Industries Ltd (RIL), reported its first net profit drop in the last two years, it tried to cheer investors by announcing its Rs 10,440-crore buyback plan. Analysts, however, see the scrip reacting unfavourably in the next session on …

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Praj Industries today posted growth of 50% in net profit for the third quarter ended December, 2011 at Rs 21 crore. The net profit for the same quarter last year was at Rs 14 crore. At 1242 hours, the shares of the company were trading up 1.77% at RS 86.40 per share on the Bombay Stock …

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Confident of returning to profitability from 2012-13. SKS Microfinance on Thursday said its net loss for the quarter ended December 31 widened to Rs 427.8 crore from Rs 385 crore in the previous quarter. However, the management remained confident of returning to profitability from the fi…

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Tata Coffee has dipped 7% to Rs 801 after reporting 52% year-on-year (y-o-y) drop in net profit at Rs 24.03 crore for the quarter ended December 31, primarily due to poor performance of one of its coffee brand – Eight O’ Clock. The company had a net profit of Rs 49.73 crore in…

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A key group of ministers on Tuesday reached a consensus on allowing foreign airlines to buy up to 49 per cent stake in Indian carriers. Foreign carriers are not currently allowed to directly or indirectly make any investment in Indian carriers. “We have reached a consensus on allowing …

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TOKYO: Asian shares inched higher and the euro stayed above a 17-month trough on Tuesday as investors focused on economic data from China to gauge the impact of the euro zone debt crisis on global growth. MSCI’s broadest index of Asia Pacific shares outside Japan was up 0.3 percent…

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Headline inflation fell to a two-year low of 7.47% in December 2011 on cheaper food items, a factor which may prompt the Reserve Bank to cut policy rates in the upcoming review. Headline inflation, as measured by Wholesale Price Index (WPI), had stood at 9.11% in November. It was 9.45% i…

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By Matthias Sobolewski and Dina Kyriakidou BERLIN/ATHENS (Reuters) – Standard & Poor’s downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for t…

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