MUMBAI, Feb 5 Indian shares rose 1.1 percent on Friday as state-owned lenders such as State Bank of India recovered from recent sharp losses, but the key indexes were still headed for a fourth weekly loss in five, highlighting fragile investor sentiment.
MUMBAI, Feb 5 Lupin Ltd, India's third-largest drugmaker, reported a 12 percent fall in third-quarter profit that was in line with analysts' expectations, as strong sales in domestic market partially offset weak performance in the United States.
** India may set minimum import price on steel imports, CNBC TV 18 said citing unidentified sources
** India's Lupin Ltd down 2.8 pct ahead of Oct-Dec earnings, expected during market hours
** India's Tata Power gains 1.1 pct ahead of Oct-Dec qtr earnings due later in the day
** India's United Breweries Ltd gains as much as 3.1 pct to its highest since Jan 20
** The Hindu newspaper reports the U.S. government has made it mandatory for Active Pharmaceutical Ingredients (APIs) to be manufactured locally, without disclosing where it got the information (http://bit.ly/1R4wLrB)
** Indian aviation stocks InterGlobe Aviation, Jet Airways and Spicejet Ltd fall
** India's Mphasis Ltd gains as much as 6.1 pct, the biggest intraday pct gain since Jan 8
** India's Dish TV falls over 14.1 pct to lowest since May 14, 2015; posts biggest intraday pct fall since July 23, 2012
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NEW DELHI Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses.