Larsen and Toubro gains on Rs 1,423 crore new orders
Posted on 30th September 2014 |
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| Larsen and Toubro (L&T) has moved higher by 2% to Rs 1,490 after the company said it has won new orders worth Rs 1,423 crore across various business segments in September 2014, including order from Lucknow Metro Rail Corporation. The company’s heavy civil infrastructure business has bagged a Rs 631 crore prestigious order from the Lucknow Metro Rail Corporation Limited for the construction of the Lucknow Metro, L&T said in a statement. L&T’s scope includes construction of the priority section (Package LKCC 01) in the North South Corridor - 8.5km elevated viaducts and 8 elevated stations. The project was won against stiff competition and is scheduled to be completed in 24 months. The company’s power transmission & distribution business has bagged three major orders including additional orders from on-going jobs worth Rs 792 crore. A turnkey order has been received from the Power Grid Corporation of India Limited for the supply, erection, testing and commissioning of a 765 kV S/C transmission line between Lalitpur to Agra (Part – III) in Uttar Pradesh. The contract is for the supply of 765kV EHV towers, insulator hardware materials and other transmission accessories. The order will be completed in 20 months, it added. The stock opened at Rs 1,460 and touched a high of Rs 1,498 on NSE. A combined around 800,000 shares changed hands on the counter till noon deals on NSE and BSE. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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