New Delhi: India’s renowned construction company L&T bags orders worth Rs. 1,454 crore including power transmission and water and effluent treatment, in February and this month. “L&T Construction has won new orders valued … Rs 1,454 crore across various segments in February and March 2012,” the company said in a statement. In the water and […]
The National Stock Exchange’s Nifty ended in a uneven session because on a flat note due to lack of conviction amongst investors following miserable performance of Congress party in Uttar Pradesh assembly elections. “In our view, the policy drift in New Delhi is likely to persist and the urge to push through reforms aggressively in […]
The Aditya Birla Group established their new research and development center at Taloja in Navi Mumbai on Saturday. This centre is a part of recently-launched Aditya Birla Science and Technology Company (ABSTC), which has been set up with the cost of Rs. 250 crore. Kumar Mangalam Birla ABSTC will serve as a central hub for […]
After the announcement of the quarterly results, Mphasis started to drift in the market. The company posted net profit of Rs 147.61 crore for quarter ended January 2012 as compared to Rs 209.11 crore in the same period a year ago. Total income increased to Rs 893.45 crore for quarter ended January 2012 from Rs […]
Severstal, Russia’s second-largest steel producer is reconnaissance around for possible acquisitions in India with a focus on mid-sized steel makers, one of the firm’s top executives told Reuters on Tuesday. Severstal Logo When Thomas Veraszto – Senior Vice President for Strategy and Corporate Development was speaking on the sidelines of a Handelsblatt steel conference, he […]
All the Spicejet promoters got the information on Friday that Kalanidhi Maran is going to invest Rs. 100 crore to blow new life in Spicejet in exchange of additional equity of 42.9 million shares aggregating to 5%. After this investment, Kalanidhi Maran and his family’s hold reached 48.6% in Spicejet. “Today our board met today […]
As soon as the results of the five states legislative elections came out, the state owned oil companies are stressing the government to increase the price of petrol by Rs. 5 per litre. “We are losing Rs 5.10 per litre on petrol currently,” a senior oil company official said. “With counting for Assembly elections in […]
The political drama that played out during the day was reproduced in the stock markets as well. The Indian benchmark indices, after an unpredictable session which saw the market rising by as much as 1.9 per cent, ended the day down 1.1 per cent from their previous close. The BSE Sensex closed at 17173, down […]
