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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......

GSLV rocket puts ISRO in elite club

Global analysts say a successful launch of operational GSLV MkII rocket will reduce dependency for ISRO on foreign launchers, reports Raghu Krishnan India’s geosynchronous satellite launch......

Rafale deal sealed; India to buy 36 French-made jets

Marking a breakthrough in the protracted talks in the French Rafale jet deal, Prime Minister Narendra Modi announced on Friday that India will purchase 36 of these fighter planes that are ready to......

What gifts will Obama bring to India?

'As the tanks roll down Delhi's Rajpath and the C-17s fly overhead, there could be a lot brewing in Hyderabad House,' says Surya Gangadharan.In December 1962, India proposed an air defence pact......

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......

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)......

L&T Chairman, CEO offload stake in company

Two top officials of Larsen and Toubro executive chairman A M Naik and chief executive officer K Venkataramanan sold part of their stakes in the company last week. In separate filings to the BSE,......

L&T net profit falls 6.9% to Rs 1,788 crore

Larsen and Toubro Ltd (L&T) posted a worse-than-expected 6.9 per cent fall in quarterly profit as interest costs jumped for India's biggest engineering and construction company.Net profit fell to......

L&T appoints Venkataramanan as CEO & MD

In a long-awaited top management succession planning exercise, corporate giant Larsen and Toubro on Friday appointed K Venkataramanan as CEO and managing director, while its current chief A M Naik......
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Cabinet clears Strategic Partnership model for private manufacturing in defence

The Union Cabinet on Wednesday cleared the long-awaited "Strategic Partnership" model that would encourage big Indian private companies to enter... ...

http://www.deccanherald.com/content/613409/cabinet-clears-strategic-partnership-model.html
India to pick industry champions as defence buying plan cleared

* Cabinet approves key Strategic Partnership model * Selected local firms to be guaranteed orders * Firms await final details amid some doubts *... ...

http://www.sify.com/finance/india-to-pick-industry-champions-as-defence-buying-plan-cleared-news-economy-rfywawiifebic.html
Govt gives green signal to mega naval project

In a major move to ramp up naval strength, the Defence Ministry has given an in-principle approval for construction of four amphibious assault... ...

http://www.business-standard.com/article/pti-stories/govt-gives-green-signal-to-mega-naval-project-117052100528_1.html
Larsen & Toubro Infotech appoints director

With effect from 20 May 2017 ...

http://www.business-standard.com/article/news-cm/larsen-toubro-infotech-appoints-director-117051900613_1.html
LT Power bags Rs 300 cr export job orders

"The power business of Larsen Toubro (LT) through its joint venture company LT-MHPS Boilers Pvt Ltd has secured export orders worth approximately... ...

http://www.moneycontrol.com/news/business/lt-power-bags-rs-300-cr-export-job-orders_8945981.html

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