29 of 30 stocks are in green on the Sensex with TCS being the only exception, marginally down 0.06%

Avionics are the electronic systems used on aircrafts, artificial satellites, and spacecrafts.

“This division has been relocated to Kolkata from Chennai in bits and pieces… the design office and bulk materials handling are still in Chennai, but eventually everything will be in Kolkata,” said S.N. Roy, whole-time director and senior executive vice president (corporate affairs and power) at L&T.

The partnership was signed at Eurosasory, the world's largest defence exhibition, between Nexter, L&T and Ashok Leyland.

By 10:10, the Sensex was lower by 103 points at 25,125 levels and the Nifty declined 43 points at 7,499.

Halul 42 is the first in a series of six platform supply vessels (PSVs) to be delivered to Qatar-based Halul Offshore Services Company WLL (HOSC).

CUB has its head office at Kumbakonam in east-central Tamil Nadu. L&T Vrindavan had 4.55 per cent stake in it, about 24.7 million shares. These were all sold, at Rs 74.25 a share.

L&T, the promoter of the company, proposes to sell over 16.55 million shares in L&T Finance Holdings at a floor price of Rs 74 per share. This translates into about 10% discount over Tuesday's closing price of Rs 81.90 on the NSE.

In a notice to shareholders, L&T said the company is seeking approvals to authorize its board to raise funds through issue of equity shares through QlP, convertible bonds, equity shares through depository receipts of an amount not exceeding Rs.3,600 crore or $600 million, whichever is higher.