At the start of 2016, HDFC Bank, Infosys, ICICI Bank, L&T and Axis Bank were the top five picks of fund managers
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.
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.
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.
Construction major Larsen & Toubro invested $160.80 million in its wholly owned unit in the United Arab Emirates for business in financial services.
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
Engineering and construction major Larsen & Toubro is planning to foray into arms and ammunition to widen its defence equipment portfolio
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.
Infosys, TCS and HCL Technologies ended 1-2% higher due to weakness in rupee.
Four L&T executives, 2 from RIL and 1 from Tech Mahindra own over Rs 100 crore (Rs 1 billion) each in stock options.
While most other big companies like Tata, Mahindra and Reliance remain non-committal on FDI, Nikhil Gandhi was the lone voice supporting 51 per cent FDI through the automatic route.
Denmark beat Indonesia 3-2 in the final Sunday, making the Scandinavian country the first European team to win the competition.
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.
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.
Larsen & Toubro, country's biggest engineering and construction major, said its net profit dropped 12 per cent.
New Zealand picked two uncapped players in all-rounder Daryl Mitchell and pacer Blair Tickner for the three-match T20 International series against India.
Investors are likely to remain cautious tomorrow on account of March series F&O expiry.
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.
'We cannot understand why the government is facilitating the import of artillery when our indigenous guns are doing so well.'
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.
DRDO plans to build a tank for use in the mountains and in the jungles.
Rediff reader Srinivas Samudrala, 58 from Telangana shares his story.
Thirty minutes of high-intensity exercise performed in the early evening does not negatively affect subsequent sleep, and may also reduce feelings of hunger.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader NSE Nifty, on the other hand, ended 2.70 points, or 0.02 per cent, lower at 11,555.90 in its third straight day of losses.
Images from the FIFA World Cup qualifiers matches.
The survey noted that in a market like India, where there is high attrition levels, employer branding is very important as it provides an advantage to attract and retain top talent.
Australia goes into the ICC women's T20 World Cup summit clash as favourites, but with India having stunned them on the opening night in Sydney, we could be in for the most electric final yet.
A symbol of self-reliance, India's space endeavours are a model for public-private partnership.
Markets ended flat amid a volatile trading session on Monday led by engineering major Larsen & Toubro.
Shiv Sena has so far expressed concerns over car shed for the city's planned metro network, the bullet train and the West Coast refinery projects.
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.
A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations.
The ministry of defence has set a goal of $26 billion, including export of $7 billion for the industry by 2025-26 through its Defence Production Policy 2018.
L&T, Ircon International and Tata Projects have showed interest in a tender issued by the National High Speed Rail Corporation, implementing agency for the project. The tender is for construction of stations, bridges, viaducts, maintenance depots and tunnels.
Chatterjee said the compNY is not aware of any major client concerns at this point.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
L&T is pursuing a controlling stake of 66 per cent in the mid-tier IT firm, for Rs 10,700 crore.
