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-Indian shares flat; Tech companies gain, M&M falls
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* The BSE index gains 0.14 percent, while the 50-share NSE index falls 0.02 percent. * Cement companies fall after October-December earnings fail to impress market participants. ACC Ltd falls 2.12 percent and Ambuja Cement Ltd is down 4.8 percent. * Mahindra and Mahindra Ltd shares fall 1.2 percent ahead of December quarter earnings. * However, Infosys Ltd rises 0.4 percent and Tata Consultancy Services Ltd is up 2.9 percent after Cognizant earnings. * The results confirm that revenues of Indian software services exporters continue to outperform Cognizant's, making the U.S.-listed IT company still not too much of a competitive threat. (manoj.dharra@thomsonreuters.com; manoj.dharra.thomsonreuters.com@reuters.net)
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