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Government finalises policy to allow private investment in defence

The Defence Acquisition Council on Saturday finalised the broad contours of a much-awaited policy under which select private firms will be roped in to build military platforms like submarines and......

3 decades after Bofors scandal, India gets its first howitzer guns

After a 30-year wait for new artillery guns since the Bofors scandal, the Indian Army on Thursday received the first two ultra light howitzers from the United States as part of an order for 145......

Varanasi: Clean ghats, unclean rivers

N Sundaresha Subramanian explains the challenges authorities face in cleaning the Ganga and other holy rivers in Varanasi. On an e-rickshaw on the road to Banaras Hindu University, Alka, a......

As LoC heats up, army buys 2 rocket regiments

The defence ministry has bought two regiments of the Pinaka multi-barrelled rocket launcher for Rs 32.3 billion, reports Ajai Shukla. With tensions escalating at the Line of Control between India......

Sensex back in red, down 105 points as banks weigh

Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses A day after Fed-fuelled rally, stocks slipped back into the red today with the......

Why analysts are not so bullish on Larsen & Toubro

The investment cycle might not be showing signs of revival but Larsen & Toubro (L&T) is not revising its order inflow forecast (consolidated level) downwards. Larsen & Toubro expects order inflows......

40 Years Ago... And now: L&T, graveyard of corporate raiders

Larsen & Toubro has managed to fend off hostile takeover bids from renowned corporate groups in the past 4 decades.  Image: L&T’s Metro Rail Project. Photograph: Courtesy, Larsen &......

L&T Q1 net profit up over 2-fold on disinvestment gain

Larsen and Toubro on Monday reported an over two-fold rise in consolidated net profit at Rs 967 crore (Rs 9.67 billion) for the April-June quarter, buoyed by a Rs 1,382-crore (Rs 13.82 billion)......

Why fund managers are switching stock bets

Shares of construction major Larsen & Toubro (L&T) and the country's largest lender, State Bank of India (SBI), are in high demand among equity fund managers, who substantially raised their......
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Global Share Markets End the Week on a Dull Note

Posted by Equitymaster Global financial markets ended the week on a dull note. This was on back of the Federal Reserve's release of its May 2-3... ...

http://www.equitymaster.com/tm/tm.asp?date=6/23/2017&title=Global-Share-Markets-End-the-Week-on-a-Dull-Note
TANCEM to triple capacity of Ariyalur factory

Government-owned Tamil Nadu Cements Corporation Ltd (TANCEM) has undertaken expansion of its Ariyalur unit at a cost of Rs 750 crore, Industries... ...

http://www.business-standard.com/article/pti-stories/tancem-to-triple-capacity-of-ariyalur-factory-117062300926_1.html
India cenbank rejigs oversight panel for bad loan resolution

MUMBAI, June 22 (Reuters) - India's central bank on Thursdayreconstituted a panel to oversee restructuring of troubledloans, as it strives to cut... ...

http://www.sify.com/finance/india-cenbank-rejigs-oversight-panel-for-bad-loan-resolution-news-economy-rgwraucjdagec.html
Govt sells 2.5% Larsen & Toubro stake, pockets Rs 4,200 crore

With this transaction, the government has garnered nearly Rs 6,400 crore from disinvestment so far in the current fiscal. The Budget had estimated... ...

http://www.firstpost.com/business/govt-sells-2-5-larsen-toubro-stake-pockets-rs-4200-crore-3733409.html
Sensex Opens Over 100 Points Up Tracking Positive Global Cues

Posted by Equitymaster Asian equity markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.71%, while... ...

http://feeds.equitymaster.com/~r/TodaysMarket/~3/-e7HoA9XomY/tm.asp

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