The metro rail commenced its operations between Miyapur and Nagole, having a total distance of 30 kilometre and 24 stations.
L&T is planning a foray in PE fund in the real estate market with a Rs 4500 crore fund.
Indian Space Association (ISpA) chairman Jayant Patil has said that the executive council will debate whether it can include more telecom companies as founding members. The response came after some leading telcos said that they had been asked to be core members but preferred to be inducted as founding members. The key founders of the ISpA include the Bharti group through two companies (OneWeb and Airtel), L&T, Nelco, Walchandnagar, Alpha Designs and MapmyIndia.
On the Sensex chart, IndusInd Bank was the top gainer, rallying over 11 per cent, followed by ICICI Bank, SBI, HDFC, M&M and Axis Bank. On the other hand, Dr Reddy's, Tech Mahindra and TCS were among the laggards.
The first metro train that was rolled out from Korea to Hyderabad recently will be put on tracks for test and trials in the next couple of days.
NSE Nifty sank 127.80 points, or 1.03 per cent, to 12,224.55. According to traders, besides stock-specific action, domestic investors were also seen booking profits at record peaks.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The L&T stock, which fell by over 5 per cent in intra-day trades on Monday bounced back towards the end of the session though it was still in the red. The stock has been badly de-rated since the engineering major made it clear that it was a contender for Satyam, picking up a 12 per cent stake in the tech firm. Had L&T won control at the winning bid of Rs 58 per share, the stock may have lost further ground. As it stands, not too much damage has been done.
PowerGrid was the top gainer in the Sensex pack, rallying over 4 per cent, followed by NTPC, UltraTech Cement, Tech Mahindra, Reliance Industries and IndusInd Bank.
The rally was mainly driven by financial, consumer durables, auto and oil and gas stocks.
Top gainers in the Sensex pack included Sun Pharma, IndusInd Bank, RIL, ITC, Vedanta, Asian Paints, HDFC and Infosys, advancing up to 3.02 per cent.
Rejecting allegations of irregularities, L&T Hyderabad Metro Rail Limited today said it was ready for a probe but would not bow down to any "threats" and would complete the project by December next year as scheduled.
L&T plans to launch as asset management company and has also collaborated with US based Travelers for a non-life insurance venture.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
Engineering and construction major Larsen & Toubro (L&T) is planning a capital expenditure of Rs 2,500 crore (Rs 25 billion) for the financial year 2008-09. The company might raise Rs 500-700 crore (Rs 5-7 billion) through debt, equity or a debt-equity mix in the second half of the financial year.
Google has emerged as top choice in the Top 100 Ideal Employer Rankings in a survey conducted among Indian management and engineering students.
Larsen & Toubro is set to invest Rs 100 crore (Rs 1 billion) in Mysore-based Rangsons Electronics for a 40 per cent stake.
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.
Omaxe, L&T and Unitech have already applied for the Rs 200-crore (Rs 2 billion) development projects at Udaipur and Amritsar. The work includes commercial operations and maintenance of the airport terminal building, besides development of 46,268 sq metres and 110,308 sq metres of land for city-side development and cargo handling facilities at Udaipur and Amritsar, respectively.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
Carnival group buys project in Chandigarh from L&T for Rs 1,785 cr.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Larsen and Toubro employee stock option controversy is becoming a major face-off between the financial institutions and the construction major.
The Sardar Patel Motera Stadium in Ahmedabad is spread over 63 acres, with a seating capacity of 1.10 lakh people. It overtakes Melbourne Cricket Ground, which can accommodate 90,000 people.
After swinging nearly 330 points, BSE Sensex finished 172.69 points or 0.43 per cent higher at 40,412.57. Similarly, the 50-scrip NSE Nifty appreciated 53.35 points or 0.45 per cent to close at 11,910.15.
The ministry of defence has bought two regiments of the indigenous Pinaka multi-barrelled rocket launcher for Rs 3,230 crore.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The biggest losers in the Sensex pack were M&M, ONGC, Vedanta, Tata Steel, L&T, HDFC, NTPC and Axis Bank, falling up to 3.04 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Larsen and Toubro Infotech has signed an agreement to acquire GDA Technologies and all its design centres in the US and India.
Four L&T executives, 2 from RIL and 1 from Tech Mahindra own over Rs 100 crore (Rs 1 billion) each in stock options.
I would advise at least a 7 year investment time frame for Equity Investing
Sanjay Jalona, CEO & MD of LTI says the push would be to increase digital business and look at outcomes in projects for customers.
Chief executives in the real estate, consumer products, automobiles, construction, and textile sectors said they were all expecting workers to re-join in the next 45-60 days, which would help them ramp-up production from July.
A M Naik, chairman and managing director of L&T, said the details, such as the size of the funds required for each of these companies and proposed dilution of the equity, were yet to be worked out.
83% of the CEOS plan to hire more in the new year.
Now sole contender as L&T Infotech quits race
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