Margins on a declining trend due to a slowdown in execution and project delays
Ashok Kumar Purwaha, chairman, Engineers India, says that the government is planning to disinvest around 10 percent stake in the company via follow-on public offer (FPO) route. The FPO is likely to hit the market by the second quarter of 2013-14.
Global technology and consultancy giant Accenture said its fourth-quarter profit fell 7 per cent to USD 636 million on account of higher tax rates.
Essar Ports said on Wednesday Belgium's Port of Antwerp has infused Rs 175 crore into the company, as it looks to expand in the country. The Belgian company's investment is through global depository receipts at Rs 100 a piece.