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Jan 23: L&T Q3 beats estimates

  • Jan 23: L&T Q3 beats estimates

    Jan 23: L&T Q3 beats estimates

  • Idea Q3 dips 18%

    An electrician speaks on his mobile phone in Mumbai

    Aditya Birla Group firm Idea Cellular today reported a nearly 18% dip in consolidated net profit to Rs 200.9 crore for the quarter ended December 31, 2011, on account of higher depreciation and financing costs with respect to 3G investments.

    The company had registered a net profit of Rs 243 crore in the October-December quarter last year, Idea Cellular said in a filing to the BSE.

  • RBI rate cuts: Yes/No?

    An employee uses an electronic machine to check an Indian currency note inside a bank in Allahabad

    A ministry official said monetary tightening had hurt growth and the central bank should have paused earlier than December 2011. The RBI should cut policy rates to give a push to rate-sensitive sectors, the official added.

    While bankers are not expecting a repo rate cut at the policy meet on January 24, the ministry thinks it would be needed to spur investment and growth.

  • Euro zone FMs meet

    Euro coins are seen in this photo illustration taken in Budapest

    Euro zone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.

    Resolving the issue of a Greek debt swap is key to putting Athens' debt on a sustainable path and avoiding a chaotic default that could threaten the whole currency bloc.

  • Croatia to join EU next yr

    EU flags are seen outside the EU Commission headquarters in Brussels

    Croatia voted on Sunday to join the European Union next year, shrugging off concerns over the economic turmoil in the bloc and fears that membership will compromise its hard-won sovereignty.

    Provided all 27 member states ratify its accession, the Adriatic state will enter the EU on July 1, 2013, more than two decades after breaking away from socialist Yugoslavia and fighting a 1991-95 war to secure independence.