Y M Deosthalee, chief finance officer and a member of Larsen & Toubro's board, said companies accessed the domestic market for capital requirements, which might cost them a little more.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Engineering giant Larsen and Toubro and Aditya Birla group firm Grasim Industries are set to settle their long-standing dispute over the sale of cross-holdings out of court. Both the companies are believed to be in consultation with Chennai-based chartered accountant S Gurumurthy to act as arbitrator.
The UK-based BAE Systems has zeroed in on M&M and is believed to have signed a Memorandum of Understanding (MoU) after holding talks with at least two other leading corporates -- Tatas and Larsen and Toubro (L&T) for its Indian Land Systems project, sources close to the development said.
The Sensex opened 36 points lower at 15,755, but aggressive buying in Reliance, TCS and Larsen & Toubro saw the index rally to a high of 15,954. The Sensex finally ended with a loss of 95 points at 15,695. The NSE Nifty dropped 14 points to close at 4,733. ICICI Bank, Ranbaxy, HDFC Bank, SBI and Infosys, DLF and Cipla, Tata Motors, Wipro and HDFC were major losers. Reliance Energy, L&T, Tata Steel were major gainers. Reliance topped the value chart with turnover of Rs 375 cr.
The Indian companies, however, invested a much lower $1.59 billion in overseas markets in the previous month May 2014.
The Life Insurance Corporation has decided not to nominate any retired employee as a director on the board of the almost 90 companies in which it has equity or loan exposure.
The potential entrants include the Essar Group, Punj Lloyd, Larsen & Toubro, real estate developer Atlanta, Hyderabad-based Nagarjuna Construction and Delhi-based DS Constructions.
You could book partial profits as the markets are roaring ahead and valuations left far behind. But the markets could correct, warns expert Pranav Sanghavi.
The Larsen and Toubro employee stock option controversy is becoming a major face-off between the financial institutions and the construction major.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
After a delay of four months, Indian intelligence agencies have given security clearance to International Container Terminal Services Inc
Engineering and construction major Larsen & Toubro is planning to foray into arms and ammunition to widen its defence equipment portfolio
The Ambani brothers, Tata group, GVK Group, GMR Group and Larsen & Toubro are among the top players bidding for the greenfield Navi Mumbai airport, the second airport project in Mumbai.
While announcing the launch of Estancia three months ago, the promoters had said they would earmark about Rs 600 crore to develop an IT park inside Estancia.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Coming from a family that has a 140-year history of growing coffee, Siddhartha, 59, initially dabbled in stock trading and wanted to work as an investment banker in Mumbai after completing his Master's in Economics from Mangalore University.
Chairman A M Naik told Business Standard the "verticalisation" effort is aimed at ensuring better corporate governance as well as attracting talent to the 70-year-old company.
A day before the Reserve Bank's quarterly review tomorrow, the Bombay Stock Exchange benchmark Sensex today closed higher by a marginal 74 points even as brokers and fund operators maintained a low profile.
The Sensex crossed the 20,000-mark on the back of aggressive buying by funds ahead of the US Federal Reserve meeting.
BSE Midcap and BSE Smallcap indices registered an uptick of 0.06%, and 0.05%, respectively
