Engineering and construction company Larsen and Toubro (L&T) reported 69 per cent growth in net profit for the quarter ended March on the back of improved operational performance, higher sales and an exceptional income of Rs 484 crore from dilution of its stake in L&T Finance. Net profit on a standalone basis stood at Rs 2,723 crore in the fourth quarter against Rs 1,609 crore in the same period last year. Even after adjusting for one-time gains, the company has beaten analyst estimates by a long shot.

DLF plans to halve its debt would be delayed by up to two years, a statement from the realty company said on Friday.

Early last year, the company had said it aimed to reduce its debt, which stood over Rs 21,000 crore then, to Rs 10,000-11,000 crore through the sale of non-core assets and improved cash flows.

Mumbai: Shares in DLF Ltd rose 2% on Friday after falling as much as 4% in early trade after its January-March earnings fell short of some analysts’ estimates.

The real estate developer on Thursday reported a profit in the fourth quarter, helped by a gain from the sale of its Aman Resorts luxury hotel chain.

Mumbai: Uday Kotak, the founder, vice chairman and managing director of Kotak Mahindra Bank Ltd, on Friday reduced his stake in the lender to 40.3% from 43.58% to comply with a Reserve Bank of India (RBI) direction to do so, the bank said in an emailed statement.

Injury-hit India will be seeking to reverse the tide of their recent encounters against Europe’s rising hockey powerhouse Belgium in the World Cup opener at the Kyocera Stadium on Saturday.

Far removed from the glorious era of India’s global domination, the Sardar Singh-led team is aspiring to give a credible show in the World Cup, where India has not qualified for the semifinals for nearly four decades since the title triumph of 1975 in Kuala Lumpur.

LUCKNOW: The Uttar Pradesh power consumers it seems are paying the price for ignoring candidates of the ruling SP and voting for the BJP. The TOI had reported earlier how power supply to rural areas was reduced the very next day the Lok Sabha results were announced on May 16.

NEW DELHI: The government is considering a series of measures to boost the financial services sector, including additional tax incentives for investment in insurance and pension schemes, a move aimed at increasing long-term savings by individuals.

The rupee today weakened by 10 paise, logging its fourth loss in five days, to end at 59.03 against the dollar following fresh demand for the US currency from importers and capital outflows linked to fall in shares.

The rupee commenced a tad higher at 58.92 a dollar from previous close of 58.93 and improved further to a high of 58.79 on initial dollar selling by exporters.

Telugu Desam Party (TDP) chief, N Chandrababu Naidu has met Union Finance Minister Arun Jaitley here today.

Naidu is expected to discuss a whole range of issues pertaining to Seemandhra, which will form as the residual state out of Andhra Pradesh on June 2.

Members of the Nehru-Gandhi family are all over the country. dna has found that there are 441 schemes and places named after them, right from the Indira Gandhi Tulip Garden in Kashmir to the Rajiv Gandhi Centre for Biotechnology in Kerala.

Will the Narendra Modi-led NDA government change the names of numerous schemes and projects named after members of India's first political family? There are indications that it may happen.

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