The defence ministry is shooting to achieve an annual export target of $5 billion by 2025.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Larsen and Toubro, I-flex and Hindustan Petroleum Corporation were presented PHD Chamber of Commerce and Industry Awards for Excellence 2004 on Friday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Second-ranked L&T has been rated highest on leadership
Top gainers in the Sensex pack were Tata Motors, ONGC, Yes Bank, IndusInd Bank and Vedanta -- rising up to 2.71 per cent.
Larsen & Toubro Limited, India's largest engineering and construction conglomerate, which has already won several contracts in China, is planning to make a major foray to tap the booming market of the communist giant.
Market participants are now awaiting Thursday's meeting of the European Central Bank
Larsen & Toubro has bagged a $19 million order from Oman Cement Company for a cement grinding plant at Rusayl, Oman.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Investor wealth plummeted by nearly Rs 5 lakh crore in early trade on Monday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
Top gainers in the Sensex pack included Yes Bank, Sun Pharma, IndusInd Bank, Tata Steel, HUL, Vedanta, Tata Motors, ICICI Bank, ITC, HDFC and Bajaj Auto, that rose up to 3.75 per cent.
Of these 26, Bajaj Finance, Associated Alcohols and Breweries, Garware Technologies, Filatex India, Tasty Bite Eatables, Aarti Industries and GMM Pfaudler saw an over 10-fold surge in price since 2014.
Yuvraj Mehta remembers the time he, a first year college student, called on Soumitra Chatterjee at the legendary actor's home.
India Inc is either shutting loss making businesses or is hiving off allied verticals to enhance revenues.
Larsen & Toubro has won about Rs 70.3 crore [Rs 703 million) ($15.6 million)] contract from Radissons Group for the construction of a 15-storey hotel and service apartments in Bahrain.
L&T Infotech Ltd, the wholly owned subsidiary of Larson and Toubro, will hire 1,800 people over the next 18 months to reach a total strength of 5,000 professionals.
International Finance Corporation, the private sector arm of the World Bank Group, will provide a loan of $50 million to Larsen & Toubro, one of India's largest engineering and construction companies.\n\n\n\n
The combined dividend payout by early-bird companies -- those that have declared their results for FY21 -- is up 8.9 per cent, lower than the 21.9 per cent rise in in FY20 but ahead of the underlying growth in India Inc business last year. Combined net sales of these early birds were down 1.8 per cent last financial year while net profit was up 27.3 per cent in FY21. Some top companies that have stepped up dividend payout in FY21 include Hindustan Unilever, Indus Towers, Tata Steel, Ultratech Cement, Larsen & Toubro, Dabur, Asian Paints, and UPL. In contrast, banks have skipped dividends under an RBI diktat while companies such as Marico, TCS, Maruti Suzuki, and Godrej Consumer are paying lower dividends for FY21.
In the Sensex pack, Yes bank emerged as the biggest loser, falling 9.13 per cent, followed by IndusInd Bank (6.6 per cent), HeroMotoCorp (6.01 per cent), Sun Pharma (4.79 per cent) and SBI (4.70 per cent).
Grasim Industries Ltd has submitted an alternate proposal to Larsen & Toubro before the engineering major decides to demerge its cement business at its board meeting
Gold and silver will be used in the design of the main doors of the temple.
Tata Motors was the biggest loser in the Sensex pack, cracking 4.56 per cent. Bajaj Finance, RIL, Yes Bank, NTPC and Tata Steel too fell up to 3.95 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Larsen & Toubro Ltd on Tuesday decided to demerge its cement business into a new cement firm.