MUMBAI Jan 22 Shares in Cairn India rose as much as 2.55 percent after Oct-Dec consolidated net profit rose 48 percent to 33.45 billion rupees.
While earnings were about 6 percent ahead of estimates, operating profit and cash flows were broadly in line with estimates, Barclays said in a report. (Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)
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The government has turned down the military's request to expand the acquisition of 36 fighter planes from Dassault Aviation SA to plug vital gaps, officials said, nudging it to accept an indigenous combat plane 32 years in the making. Full Article