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-Indian shares gain ahead of federal budget
* The BSE index gains 0.62 percent, while the 50-share NSE index is also up 0.57 percent. * Reliance Industries gains 0.6 percent, while Oil and Natural Gas Corp is up 1.7 percent, on hopes of a favourable federal budget. * Gains also track positive Asian shares and other risk assets as sentiment improved after U.S. Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to strong stimulus. * Technology shares gain, Infosys Ltd up 0.7 percent on expectations the budget would provide incentives to exporters. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.thomsonreuters.com@reuters.net)
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