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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Rupee gains after strong output data
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An employee counts currency notes at a cash counter inside a bank in Kolkata June 18, 2012.
Credit: Reuters/Rupak De Chowdhuri/Files
Reuters Market Eye - The rupee rises to 54.18/19 after data shows industrial output jumped 8.2 percent in October, well above Reuters forecast for a 4.5 percent rise. The pair was trading at around 54.24/25 before the data.
(Full story here)
Other markets show more muted reaction, given output data is known for its volatility. Investors also waiting to see the monthly inflation data due on Friday.
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