L&T bags contracts worth Rs 2,521 crore in Dec
Posted on 30th December 2014 |
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| Engineering firm Larsen & Toubro (L&T) today said it bagged contracts worth Rs 2,521 crore in its building and factories business in both domestic as well as international markets this month. The company's overseas subsidiary L&T Oman from the ministry of transport and communications, Sultanate of Oman, has secured an order for the construction of a new passenger terminal at Duqm Airport in Oman, a release issued here said. The scope of work includes constructing a modern passenger terminal building with a capacity to handle 500,000 passengers per annum, a 37-metre high air traffic control tower, and an air cargo terminal equipped to handle 25,000 tonnes of cargo per annum. The subsidiary also bagged an order from Oman Tourism Development Company (OMRAN), the Sultanate's leading tourism and mega real-estate developer, for the turnkey construction of a 4-star hotel at Oman Exhibition and Convention Centre. In the domestic market, the company secured a contract from a developer for construction of residential apartments at Bangalore. The scope of works includes civil, structural, mechanical, electrical, plumbing and finishing works, the release said. Besides, it has also received a contract from another developer for constructing 10 high-end residential towers in Mumbai. The scope includes civil, structure and associated works. |
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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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