MUMBAI Jan 30 India's Crompton Greaves Ltd shares fell as much as 7.84 percent after posting a loss of 1.89 billion rupees in the quarter ended December.
Morgan Stanley said in a report the earnings miss was driven by weaker-than-expected trends in the international and domestic transmission and distribution business. (Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Prateek Chatterjee)
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Indian conglomerate Adani Group has started building the country's first transshipment port, conceived 25 years ago, and the government will construct another $4-billion facility nearby to create a shipping hub rivalling Chinese facilities in the region. Full Article