Q4 net falls 6.9 percent, lags forecast
Larsen and Toubro Ltd (L&T) posted a worse-than-expected 6.9 percent fall in quarterly profit as interest costs jumped for India's biggest engineering and construction company. Article | Full Coverage
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MARKET EYE-SGX Nifty edges higher; budget key
* Nifty futures on the Singapore Exchange rose 0.15 percent. The MSCI-Asia Pacific index excluding Japan rose 0.06 percent. * Asian shares edged higher on Monday, with investors still picking up shares battered by last week's steep plunge, while the yen fell to fresh lows on news a reflationary advocate could head the Bank of Japan next month. * Foreign investors bought 2.8 billion rupees of stocks, while domestic institutions sold 3.5 billion rupees of stocks on Friday, when the BSE index fell 0.04 percent. * Indian markets will be closely monitoring the 2013/14 budget for the next fiscal year to be announced on Feb. 28. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.thomsonreuters.com@reuters.net)
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