L&T looks overseas to offset weak home market; Q4 net profit falls
India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop. Article | Full Coverage
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MARKET EYE-SBI gains ahead of Sept qtr results; asset qlty hopes
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* Shares in State Bank of India rise 2.4 percent on hopes of better-than-expected results and lower non-performing loans in the September quarter, with results due on Friday. * State Bank of India Chairman Pratip Chaudhuri said the bank's September quarter non-performing asset position looking better than the June quarter. * CLSA said in a report on Friday it maintains preference for corporate banks, including State Bank of India, which should benefit as asset quality concerns fade gradually. (abhishek.vishnoi@thomsonreuters.com)
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