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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Indian shares gain; Reliance Industries leads
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MUMBAI |
MUMBAI Dec 4 (Reuters) - Indian shares rose on Tuesday, amid a crucial vote in the parliament on foreign direct investment in multi-brand retail, led by gains in Reliance Industries on a report.
The Economic Times earlier reported that the oil ministry is poised to approve the company's investment plans for the KG-D6 block.
Reliance Industries provisionally rose 2.6 percent, while among other gainers ICICI Bank ended 1.3 percent higher on continued hopes of rate easing by the RBI by December end.
The BSE index provisionally gained 0.19 percent, while the 50-share NSE index ended up 0.23 percent. (Reporting by Abhishek Vishnoi; Editing by Anand Basu)
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