HomeNewsBusinessCompaniesEvening bulletin: All headlines from corporate world

Evening bulletin: All headlines from corporate world

Here are the key events which made headlines of the day

May 22, 2013 / 17:20 IST
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Here are the key events which made headlines of the day

BSE Sensex closes weak; investors shun realty, cap goods Benchmark indices drifted lower Wednesday, as buyers chose to await cues from the US Federal Reserve before deciding on the next course of action. Larsen & Toubro Q4: Net down 7%, bonus issue fails to cheer Engineering major Larsen and Toubro's  (L&T) net profit for the March quarter fell 6.9 percent year-on-year to Rs 1788 crore, weighed by a steep rise in interest cost. Indian rupee hits near 6-month low; dollar buying continues               The rupee hits a fresh near 6-month low in opening trades. The rupees falls to 55.48 after opening at 55.335, currently at 55.43/44 versus Tuesday close of 55.41/42. Dhanlaxmi Bank plans to raise Rs 100cr to strengthen CAR Private sector lender Dhanlaxmi Bank will strive to maintain interest and other income at FY13 levels, says MD and CEO PG Jayakumar. Just Dial IPO fully subscribed; QIB supports  Just Dial's pubilc issue has fully been subscribed Wednesday, with the support majorly from qualified institutional buyers (QIBs) and retail investors. Bernanke expected to deliver dovish message               Federal Reserve Chairman Ben Bernanke is expected to maintain his dovish tone when he speaks to Congress Wednesday, and he is likely to dispel any notion that the Fed is ready to cut back on its easing policy. Competition Commission looking into Jet-Etihad deal The Competition Commission of India (CCI) has received an application seeking approval for the proposed Jet-Etihad transaction. "We are looking into the deal," a senior CCI official said. BPCL, IOC seek gasoline after long absence Indian Oil Corp ( IOC  ) and Bharat Petroleum Corp Ltd ( BPCL  ) are looking to buy up to 41,000 tonnes of gasoline, after a long absence, to plug a supply gap caused by a plant outage and maintenance that coincides with summer demand, traders said. By: Team Moneycontrol
first published: May 22, 2013 05:20 pm

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