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FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a...

Kotak Mahindra net profit beats estimates

Kotak Mahindra Bank Ltd, India's fourth-biggest private sector lender by assets, reported a better-than-expected 40 percent rise in fourth-quarter net profit, helped by higher interest and fee income even as its bad loans ticked up.

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India draws up $8.7 billion plan to turn urea exporter

India aims to become a urea exporter by 2021 as the South Asian nation has drawn up a 555 billion rupee ($8.7 billion) plan to revive mothballed fertiliser plants and set up gas import and pipeline facilities in eastern India.

HUDCO sets price range for up to $191 mln IPO

REUTERS - Housing and Urban Development Corp Ltd (HUDCO) on Thursday set the price range for its initial public offering, the first by a state-run company in five years, to raise up to 12.2 billion rupees ($191 million).

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