Bharat Petroleum and IOC launch LNG buy tenders - trade sources
MILAN India's Bharat Petroleum has launched a tender seeking three liquefied natural gas (LNG) cargoes in total for delivery in October, November and December, trade sources said.
NEW DELHI Telecommunications tower operator Bharti Infratel Ltd(BHRI.NS) reported a 64 percent jump in its quarterly profit, beating estimates on higher revenue from leasing mobile phone masts to phone carriers.
Bharti Infratel, just under 80 percent owned by top Indian phone carrier Bharti Airtel Ltd (BRTI.NS), said consolidated net profit rose to 4.72 billion rupees ($77.5 million) for its fourth quarter ended March, from 2.87 billion rupees a year earlier.
Revenue rose 4 percent from a year earlier to 27.9 billion rupees.
Analysts on average had expected the company to report a net profit of 3.99 billion rupees on revenue of 27.88 billion rupees, according to Thomson Reuters I/B/E/S. ($1 = 60.8850 Indian Rupees)
(Reporting by Devidutta Tripathy; Editing by Tommy Wilkes and Anand Basu)
DUBLIN The limits of central bank largesse are set to be a hot topic in the coming week as global policymakers head to Washington for the annual International Monetary Find meetings and key data may harden the case for a tightening of U.S. monetary policy.
BEIJING China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power.