By Archana Narayanan

MUMBAI  - Foreign investors bid heavily in an auction for quotas to buy government bonds on Monday, even after Standard & Poor's reiterated its "negative" outlook for the country, as a cut in a key debt investment tax has contributed to a rally in markets.
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Kolkata-based diversified form, Birla Corporation today posted 26 per cent growth in its net profit for the quarter ended March 31, 2013 at Rs 72.6 crore. The corporation’s net profit for the same quarter previous fiscal stood at Rs 57.5 crore, the Birla Group’s company said in a filing to ...

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India Cements Ltd on Monday reported a decline of 60 per cent in net profits for the fourth quarter ended March 2013 at Rs 26 crore, weighed down by sharp rise in expenses on fuel and freights. The company had posted the net profit of Rs 64.92 crore during the same period a year ago, said India Cements ...

SINGAPORE  - Reliance Industries, the world's largest refiner, has restarted a 330,000 barrels per day crude distillation unit (CDU) on Monday following a shutdown last week for maintenance, traders said.

The privately-run refiner operates two refineries in Jamnagar on the Arabian Sea with a total ca ...

MUMBAI - Foreign investors will be able to buy inflation-linked bonds within the existing total investment limits of up to $25 billion for government debt, a senior official from the Reserve Bank of India (RBI) said on Monday.

Inflation-linked bonds will be issued separately from the scheduled auction of gove ...

By Frank Jack Daniel and Rajesh Kumar Singh

NEW DELHI - India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in th ...

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IL&FS Ltd, the leading infrastructure development and finance company, has signed a Memorandum of Understanding (MOU) with Industrial and Commercial Banks of China Limited in order to cooperate in infrastructure project development services and financing services. Industrial and Commercial Bank of ...

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Infrastructure giant, Adani Enterprises Ltd. has reported 53 per cent growth in its net profit for the quarter ended March 31, 2013 at Rs 473.8 crore. The company’s net profit for the corresponding three months ended March 31, 2012 stood at Rs 309.4 crore, Adani Enterprises said in a filing to th ...

 - Norwegian telecoms company Telenor's Indian unit said on Monday it had achieved breakeven in its core earnings in Gujarat zone and would further expand its network there.

Gujarat is the second of the unit's six operating zones in India to have achieved breakeven.

The unit, which operates under ...