Top News : Share Market

• Larsen & Toubro, India's top engineering and construction firm, said on Thursday its unit had won orders worth 7.47 billion rupees ($159 million) from customers including Coal India and Hindalco Industries.  


• The back-office outsourcing arm of Infosys Technologies India's No. 2 software exporter, expects revenue to rise 15-20 percent in this fiscal year to March 2011. 


• Mahindra & Mahindra, India's top utility vehicle and tractor maker, will start the due diligence on troubled Korean SUV maker Ssangyong Motor.


• Dish TV board to consider restructuring June 11. 

Read More>>

• 
  The rupee strengthened slightly early on Thursday, tracking local shares amid few cues from Asian peers. 


• India's food price index rose 16.74 percent in the year to May 29, while the fuel price index climbed 14.23 percent, government data released on Thursday showed. 


• Indian federal bond yields inched up to an intra-day high after the food inflation numbers came in higher than expected. 


• India's cabinet did not discuss any proposal to raise fuel prices or reform the sector, a government spokeswoman said. 


• India call money steady near repo rate on tight cash. 


•  
• China's exports jumped in May, reassuring investors about the economy's strength but putting pressure on U.S. President Barack Obama to placate critics who say Beijing is keeping the yuan unfairly undervalued. 


• South Korea's central bank left its key interest rate at a record low of 2% on Thursday as the country's recovery strengthens and worries. 


• Oil settled more than 3 percent higher to top $74 on Wednesday after a report of buoyant Chinese exports eased concerns over. 


• The euro gained against the dollar and yen as economic data showing growth in the Asia-Pacific region boosted demand for currencies that are perceived as higher-yielding.