L&T closes Rs 16,375 cr Hyd Metro deal

L&T Metro Rail Hyderabad has achieved the financial closure for the Rs. 16,375 crore (Rs. 163.75 billion) Hyderabad Metro Rail project, making it the largest ever fund tie up in a public private......

With eye on bank, L&T rejigs arms

Larsen & Toubro will spin off its financial services vertical into an independent entity under a separate holding company.The move is aimed at facilitating its application for a banking licence......

Satyam has kept shareholders in the dark: L&T

Engineering and construction major L&T on Tuesday said Satyam Computer Services, which is rebranded as Mahindra Satyam, has kept its shareholders in the dark about it's performance. There is no......

After 12 years, bank credit drops to single digit

For the first time since April 1997, growth in bank credit has dropped to single-digit levels, an indication that demand is yet to pick up. For the year up to October 23, bank credit flow grew by......