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Indian Oil sees 2012/13 capex at $1.8 bln-exec
Indian Oil Corp, the country's biggest fuel retailer, expects capital expenditure of 100 billion rupees ($1.8 billion) during the year to March 2013, slightly lower than 110 billion rupees it spent in the previous fiscal year, finance chief P.K. Goyal said on Monday. Earlier on Monday, IOC said its fiscal fourth-quarter profit more than tripled. ($1 = 55.4050 Indian rupees)

Sensex ends nearly 200 points up

Heavy buying in bank, power, capital goods and automobile stocks lifted the Indian benchmark stock indices Sensex and Nifty to a buoyant close on Monday. Several other blue chips from realty, metal,

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Ranbaxy gets U.S. OK for acne treatment

Ranbaxy Laboratories has received U.S. approval for acne treatment drug Absorica and expects a U.S. launch in the fourth quarter of this year. The product was jointly developed by Canadian group

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Reliance Comm tower talks await rule clarity

A year after Reliance Communications said it had received several offers for its towers business, India's No.2 mobile phone carrier by users said on Monday regulatory clarity would help push a deal

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Coal India Q4 net slips 5 pct, lags estimate

State miner Coal India, which earlier this year reversed a price increase under pressure from power producers, reported a 5 percent decline in quarterly profits, weighed down by stagnant volumes and a

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Rupee fall won't hurt India's ratings: Moody's

Moody's Investors Service says the depreciating rupee will only have a "limited" impact on India's sovereign ratings, as only 7 percent of total government debt is placed overseas, comprising 5 pct of

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