Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
The 'request for proposal' for the indigenous construction of the six submarines will be issued soon, they added.
DRDO is offering a 30-35-tonne light tank that it says will be a match for what the army faces -- China's new Type-15 light tank.
Larsen and Toubro Infotech has signed an agreement to acquire GDA Technologies and all its design centres in the US and India.
To provide a 'data lake' solution, the markets regulator had issued a notice in May, inviting expression of interest (EoI) from interested parties. The selected company will be responsible for designing, implementing and supporting a big data solution with analytical capabilities.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The top driver for the Indian workforce while choosing an employer are salary and employee benefits, followed by work-life balance and job security.
L&T set up the Armoured Systems Complex to manufacture and integrate advanced armoured platforms, such as self-propelled artillery Howitzers, future infantry combat vehicles, future-ready combat vehicles and future main battle tanks.
The Motera stadium in Ahmedabad dominated the headlines as it is set to become the world's largest cricket stadium.
Time and cost overruns are endemic to most Indian warship building projects. A central reason is the Indian Navy's operational assessment that it is better to get a warship late and ov
Besides financials, shares of telecom, IT, auto and pharma were in demand.
While seven companies bagged orders worth Rs 42,000 crore, industry experts said most of this new order activity was a spillover, and fresh project finalisation remains weak.
Competitive bids to select the new owner for Satyam Computer Services, once India's fourth largest software company, will soon be announced.
Grasim Industries, the leading cement maker of the A V Birla group, is not enthusiastic at a proposal to merge with its subsidiary, UltraTech, as it does not see value in the process at this stage.
Even the big and eager will find it quite a mouthful.
The bulk of the erosion in terms of value took place in India's most-valued firms. For instance, Mukesh Ambani-led Reliance Industries alone has lost Rs 3.8 trillion in m-cap, followed by HDFC Bank, which has seen its value erode by Rs 2.45 trillion and Tata Consultancy Services (TCS), which has lost Rs 1.85 trillion to stand at Rs 6.24 trillion, making it India's most-valued.
L&T received bids for 5.54 crore shares on Thursday at the close of market hours. This is 108.09 per cent higher than the total offer, as per information available on the BSE. The open offer - for Rs 980 a share - opened on June 17 and is scheduled to close on Friday.
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
At the start of 2016, HDFC Bank, Infosys, ICICI Bank, L&T and Axis Bank were the top five picks of fund managers
Larsen & Toubro, Hindustan Unilever, Infosys, Tata Consultancy and Sun Pharma -- have made it to the list
'We cannot understand why the government is facilitating the import of artillery when our indigenous guns are doing so well.'
Yes Bank was the biggest gainer in the Sensex pack, rallying 11.48 per cent amid reports that private equity firms have showed interest in buying a major stake in the private sector lender.
The fiercest corporate battles in India probably have been fought by the Ambanis. Dhirubhai Ambani, the founder of Reliance Industries, first locked horns with Bombay Dyeing's Nusli Wadia over polyester. Then, there was a corporate battle with Larsen & Toubro.
The 30-share Sensex ended up 11 points at 20,894 and the 50-share Nifty closed 16 points higher at 6,205.
Market participants are wary of wild swings expected in stocks on May 16 - the poll results day, and therefore refraining from taking leveraged bets now, say analysts
Construction major Larsen & Toubro invested $160.80 million in its wholly owned unit in the United Arab Emirates for business in financial services.
DRDO plans to build a tank for use in the mountains and in the jungles.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
According to a source, the founders, which include Subroto Bagchi, N S Parthasarathy and Krishnakumar Natarajan (who together hold about 13 per cent), may look at selling their shares as well in the open offer that concludes on June 28.
Infosys, TCS and HCL Technologies ended 1-2% higher due to weakness in rupee.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Four L&T executives, 2 from RIL and 1 from Tech Mahindra own over Rs 100 crore (Rs 1 billion) each in stock options.
Rediff reader Srinivas Samudrala, 58 from Telangana shares his story.
The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.
Larsen & Toubro, country's biggest engineering and construction major, said its net profit dropped 12 per cent.
Investors are likely to remain cautious tomorrow on account of March series F&O expiry.
Larsen and Toubro (L&T), ICICI Bank and Reliance Industries (RIL) were the top-three stocks that accounted for over 60 per cent of the 991-point gain in the Sensex between October 15 (Sensex at 19,057) and October 29 (Sensex at 19,978). Larsen and Toubro, which was the top gainer among the Sensex stocks, was also the largest contributor, adding 336.09 points to the Sensex's total gains.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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