UPDATE 1-Maruti Q2 profit more than halves as labour unrest weighs

Newswire

* Q2 net profit at 2.40 bln rupees versus 4.06 bln estimates * Labour unrest, interest rate hikes, exchange rate hit profit * Board approves purchase of land for plant in Gujarat state * Maruti stock down nearly 21 pct in 2011, more than broader mrkt (Adds details) By Anurag Kotoky NEW DELHI, Oct 29 (Reuters) - Maruti Suzuki , India's top carmaker, reported a more than halving of its quarterly net profit, wider than industry estimates, hit by labour unrest at one of its key plants and ...

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