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.
MUMBAI Unitech, India's third-largest listed real estate developer by market capitalisation, reported a forecast-beating 52 percent rise in net profit for the Oct-Dec quarter, helped by higher sales and low finance costs.
The company's net profit for the fiscal third quarter was 841.7 million rupees compared with 552 million rupees a year earlier, it said in a statement on Wednesday.
Net sales were up 25 percent at 6.45 billion rupees over the same period.
Analysts expected the company to post a net profit of 808.4 million rupees, according to Thomson Reuters I/B/E/S.
Unitech, which builds houses as well as commercial and retail properties, had a mobile phone joint venture with Norway's Telenor (TEL.OL) that was among those whose licences were revoked by a court following the high profile licensing scandal.
On Tuesday the company's shares ended down nearly 18 percent after media reports of the company's Managing Director Sanjay Chandra's involvement in the allocation of mobile phone airwaves five years ago. The company has strongly denied any allegations.
(Reporting by Aditi Shah; Editing by Sunil Nair)
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.
NEW YORK Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds.