| Larsen & Toubro Limited Related news |
Markets off day lows; Nifty around 8,370
Posted on 13th November 2014 |
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Markets recovered from day lows as strength in Infosys, L&T and Sun Pharma managed to cap losses in HDFC twins, TCS and Bharti Airtel. At 1045 hrs, the Sensex was down 185 points at 27,994 and the Nifty was down 13 points at 8,370. However, the broader markets gave off their morning gains and turned flat with a positive bias. The midcap index was up 0.2% while the smallcap index was near yesterday's close. |
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Markets open higher; Sensex up 60 points
Posted on 13th November 2014 |
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Markets started the day in green with the benchmark indices up 0.2% each in opening deals. The ones leading the opening gains were L&T, Tata Motors, ICICI Bank and ONGC. At 0919 hrs, the Sensex was up 58 points at 28,067 and the Nifty added 12 points to trade at 8,395. |
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ICICI Prudential AMC likely to manage Suuti ETF
Posted on 11th November 2014 |
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India’s second largest fund house, ICICI Prudential AMC, has emerged as the front runner for managing the exchange-traded fund (ETF) the government plans to float for disinvesting part of its holdings under the Specified Undertaking of Unit Trust of India (Suuti). It had bid to manage Suuti's corpus for 13 basis points (0.13 per cent of the total assets under management). The government had bids from seven asset management companies to act as manager to the ETF. These were Reliance Mutual Fund, Birla Sun Life MF, Kotak MF, SBI MF, ICICI Prudential AMC, UTI MF and Sundaram MF in a consortium with Edelweiss MF. |
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Larsen and Toubro dips post Q2 results
Posted on 10th November 2014 |
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Larsen and Toubro (L&T) has dipped nearly 3% to Rs 1,611 in early morning deals on NSE on reports that the company management has said it might miss the annual revenue and margin forecast owing to delays in projects and problems in execution of hydrocarbon projects. The company management has said it might miss the annual revenue and margin forecast owing to delays in projects and problems in execution of hydrocarbon projects, a Business Standard report suggests. |
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L&T net profit up 7% but may miss FY15 revenue, margin guidance
Posted on 8th November 2014 |
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Engineering and construction company Larsen & Toubro (L&T) has reported a seven per cent rise in its consolidated net profit for the September quarter of FY15 compared to the year-ago period. However, the company management has said it might miss the annual revenue and margin forecast owing to delays in projects and problems in execution of hydrocarbon projects. Net profit rose to Rs 862 crore from Rs 806 crore and the result was aided by a two per cent decline in finance cost following refinancing of its long-term loan. |
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Nifty maintains 8,300; Axis Bank, SBI up over 1%
Posted on 3rd November 2014 |
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Markets remained rangebound with negative bias in noon trades on Monday with auto shares leading the decline on the back of weak October sales while bank shares continued to trade firm. At 13:00hrs, the 30-share Sensex was down 21 points at 27,845 and the 50-share Nifty was trading 8 points lower at 8,314. |
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L&T Infotech completes acquisition of ISRC
Posted on 29th October 2014 |
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With an aim to enhance focus on core business, L&T Infotech, provider of IT services and solutions, and a wholly-owned subsidiary of the $14.3 billion Larsen & Toubro (L&T), has completed the acquisition of Information Systems Resource Centre. Financial details of the deal were not disclosed. Information Systems Resource Centre (ISRC) was a subsidiary of Otis Elevator, which is a part of UTC Building & Industrial Systems, a unit of United Technologies Corp. |
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Markets open marginally higher; Nifty reclaims 8,000
Posted on 28th October 2014 |
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Markets opened marginally higher on Tuesday with the benchmark Nifty reclaiming the 8,000 mark led by financials. However, traders are likely to remain cautious ahead of the two-day FOMC meet which begins today. At 9:35AM, the 30-share Sensex was up 99 points at 26,852 and the 50-share Nifty was up 25 points at 8,017. |
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Sensex above 26,700; Tata Motors and L&T up 2%
Posted on 22nd October 2014 |
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Benchmark indices continued to trade firm after a gap up opening led by L&T and Tata Motors while index heavyweight Reliance industries rebounded after the recent correction post the gas price hike. At 10.40AM, the 30-share Sensex is up 179 points at 26,754 and the 50-share Nifty is up 54 points at 7,982. |
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L&T Infra Finance to launch realty fund
Posted on 9th October 2014 |
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L&T Infra Finance Private Equity, which is in the process of raising a total of Rs 3,750 crore in an overseas fund and a domestic fund, plans to launch a real estate fund, too. The first two funds will focus on infrastructure assets such as power, roads and renewable energy. The infrastructure financing non-banking financial company's latest move comes on the back of building a Rs 14,800-crore loan book in the past eight years. |
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