Sensex declines marginally ahead of Inflation data
profit, beating market estimates, as strong sales volumes offset rising costs.
Bharat Petroleum Corp Ltd's October-December net profit fell 47.5 percent to 16.48 billion rupees from a year ago.
Indian Oil Corp Ltd will review diesel prices on Friday or Saturday, chairman R.S. Butola said.
India will ensure its refiners have insurance for plants that run crude from Iran, a government source said on Wednesday, allaying fears that imports from the sanctions-hit country may have to be halted.
INFRASTRUCTURE
Shriram Group is in advanced talks with Citigroup Venture Capital and Blackstone Group LP to raise 5.38 billion rupees ($100 million) for its cement business - Sree Jayajothi Cements, Business Standard reported citing unidentified senior Shriram Group officials.
GMR Infrastructure Ltd said it would sell a 74 percent stake in GMR Jadtcherla Expressways to Macquarie SBI Infrastructure Fund for 2.06 billion rupees.
TELECOMS
The telecom department has issued notices to the country's three top operators - Vodafone India, Bharti Airtel Ltd and Reliance Communications Ltd - demanding that they pay an additional revenue share for spectrum usage from 2008 onwards.
DRUG
Wockhardt Ltd may have to withdraw certain batches of pain relief medicine Brexic DT, which it markets in India, following a recent alert issued by the Drugs Controller General of India (DCGI), a senior DCGI official said.
IT
Educomp Solutions Ltd Oct-Dec net profit down 73.28 percent to 65.7 million rupees from 245.9 million rupees a year ago as net sales drops 32.33 percent to
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