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Temasek to investment $150 million in Glenmark Pharma
Published on Saturday, April 18, 2015 10:51 AM

MUMBAI- Singapore state investment arm Temasek will invest 9.45 billion rupees ($151.39 million) in Glenmark Pharmaceuticals Ltd through its wholly-owned subsidiary Aranda Investments, Glenmark said in a statement on Friday.

Indian drugmaker Glenmark will raise the funds by issuing up to 10.8 million shares o ...

Temasek to investment $150 million in Glenmark Pharma
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Indian Oil launches buy tender for one LNG cargo for May delivery
Published on Saturday, April 18, 2015 11:03 AM

MILAN- Indian Oil  has launched a tender to buy one liquefied natural gas (LNG) cargo for delivery in May, three traders said.

(Reporting by Oleg Vukmanovic; Editing by Mark Potter)

...

Indian Oil launches buy tender for one LNG cargo for May delivery
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RIL warns on U.S. shale slowdown, refining lifts profit
Published on Saturday, April 18, 2015 10:32 AM

By Aman Shah

MUMBAI - Reliance Industries Ltd  warned investors to expect slower growth from its U.S. shale assets in the near term as a slump in oil prices prompts spending cuts.

However, the company posted better than expected fourth quarter profits on Friday, led by strong growth in m ...

RIL warns on U.S. shale slowdown, refining lifts profit
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March trade deficit widens to $11.79 billion; 2014/15 exports edge down
Published on Friday, April 17, 2015 6:01 PM

NEW DELHI  - India's trade deficit widened in March to $11.79 billion, its highest in four months as exports continued to fall, data showed on Friday, underscoring pressure on the rupee.

Merchandise exports declined for the fourth straight month to $23.95 billion in March, compared with $30.34 billio ...

March trade deficit widens to $11.79 billion; 2014/15 exports edge down
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Hindalco gains nearly 3 percent on reports of LIC stake hike
Published on Friday, April 17, 2015 1:27 PM

Shares of Hindalco rose nearly 3 per cent in early trade on Bombay Stock Exchange (BSE) on reports that India's largest investor Life Insurance Corp (LIC) increased stake in the company. Recently, Alcoa, the world's third largest aluminium producer, reported numbers in the US with revenues disappointing even as profits topped estimate ...

Hindalco gains nearly 3 percent on reports of LIC stake hike
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Moody’s predict Indian economy to grow at 7.3 percent in 2015 - Reports
Published on Friday, April 17, 2015 1:27 PM

Global Rating Agency, Moody’s has said that it is expecting the Indian economy to grow at 7.3 per cent during the year as compared to a 7.2 per cent growth in 2014, PTI reported. "Our tracking model suggests that first quarter GDP growth is tracking around 7.3 per cent, a slowdown from prior quarters. But we expect this softness wi ...

Moody’s predict Indian economy to grow at 7.3 percent in 2015 - Reports
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Higher sales brewing for India's tea exporters as drought grips Kenya
Published on Friday, April 17, 2015 2:07 PM

By Rajendra Jadhav

MUMBAI  - Lagging rains, output and demand were just some of the things worrying Bidyananda Barkakoty, a small tea garden owner in Assam, until about a month ago. A recent dry spell in distant Kenya has since given him a reason to smile.

Barkakoty is hoping the crop-da ...

Higher sales brewing for India's tea exporters as drought grips Kenya
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Indian delegation to visit Iran to discuss oil deals:sources
Published on Friday, April 17, 2015 11:50 AM

NEW DELHI - An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC-member and world powers that would soften sanctions against the country, sources privy to the plan said.

Officials from India's finance and oil ministries ...

Indian delegation to visit Iran to discuss oil deals:sources
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TCS heads towards steepest fall in six months
Published on Friday, April 17, 2015 11:40 AM

MUMBAI - Shares in Tata Consultancy Services fell as much as 4.4 percent on Friday, heading towards their biggest fall since October 2014, after the company's January-March revenue fell short of expectations.

TCS on Thursday reported a revenue growth of 1.6 percent on constant currency basis versus expect ...

TCS heads towards steepest fall in six months
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