Page 13 - L&t

Stocks to Watch: Wipro, L&T, Sun Pharma, Zomato, Deepak Nitrite, PNB, NHPC

Wipro will be in focus as the company's board will meet on March 25 to consider an interim dividend.

CCI approves acquisition of L&T AMC by HSBC Asset Management

Fair trade regulator CCI has approved the acquisition of L&T Investment Management Ltd by HSBC Asset Management (India) Pvt Ltd. "Commission approves acquisition of 100 per cent share capital of L&T Investment Management Ltd (L&T AMC) by HSBC Asset Management (India) Private Limited (HSBC AMC)," the regulator said in a tweet. The transaction involves the acquisition by HSBC AMC and its nominees of 100 per cent share capital of L&T AMC from L&T Finance Holdings Ltd and its nominees, a notice filed with the regulator said. Simultaneously, there will be a change in the sponsorship, trusteeship, management and administration of the L&T Mutual Fund schemes managed by L&T AMC. The L&T MF schemes will be managed and operated by HSBC AMC, and HSBC Trustee will be appointed as the trustee of the L&T Mutual fund. "Pursuant to the proposed transaction, the L&T MF will comprise part of and be considered to form an integral part of the HSBC Mutual Fund ...

L&T launches B2B e-commerce platform L&T-SuFin to expand service biz

The platform is targeted at MSMEs to enable them to source their industrial supplies pan-India, digitally

India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts

RIL has already spent $1.4 billion to acquire technologies across the solar battery and hydrogen ecosystems

Big firms ask Sebi to reverse 'tedious, complicated' related-party rule

The regulator tightened the norms after alleged irregularities were observed in the case of some companies including DHFL and Fortis Healthcare.

Larsen & Toubro bags significant offshore projects from overseas client

Larsen & Toubro (L&T) on Thursday said its hydrocarbon business has bagged two 'significant' offshore projects from an overseas client. As per the company, a significant order is valued at Rs 1,000-2,500 crore. The scope of work comprises engineering, procurement, construction, installation and commissioning for the expansion of a marine terminal and replacement of electrical switchgear and protection equipment at existing facilities. "The hydrocarbon business of Larsen & Toubro has secured two offshore projects from a prestigious overseas client," the company said in a statement. L&T is currently executing several domestic and international offshore projects. The company is also committed to building its regional presence in geographies that it operates in by growing local skills and talent, improving procurement from local vendors, engaging commercially with local contractors on the foundation of a sustainable workload. The hydrocarbon business organised under ...

L&T: Order execution, new initiatives key to long-term growth, say analysts

Long-awaited growth pick-up along with muted orders may weigh on Larsen and Toubro's stock in the near-term

Sensex falls 884 pts from day's high, ends 77 pts down; Nifty holds 17,100

For the week, the Sensex and the Nifty indices are down 3% each

Adani Ent, Tata Comm, SBI Life, L&T and 24 other BSE500 stocks at new highs

Infosys, Tata Consultancy Services (TCS) and Tanla Platforms from the IT sector hit their respective new highs today.

From L&T to Reliance Industries, giants hitch a ride on the green road

Conventional conglomerates are tying up with new-age companies in the sustainability space

HSBC Mutual Fund jumps 11 spots on assets tally after L&T AMC buy

The Rs 3,188-crore purchase validates 'our view on India', says fund house

L&T gains 7% thus far in December; beats market on steady order inflow

Order inflow is expected to be good in H2FY22 given the expected high activity in tendering in and awarding

L&T Construction bags significant order from reputed developer

Larsen & Toubro (L&T) on Wednesday said its construction arm has bagged a significant order for its buildings and factories business from a reputed developer. The scope of work includes design and construction of entire civil structure, including waterproofing, masonry, plastering and electrical conduiting, L&T said in a statement. The residential business of buildings and factories has secured this order to construct one of the largest residential townships in Bengaluru. "The project involves construction of 6,768 apartments spread across 39 towers... Additionally, the development entails 149 villas along with club houses, swimming pools and other amenity structures. The total built-up area will be 13.43 million sq ft," the statement said. The project is scheduled to be completed in 42 months, it added. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing and services. It operates in over 50 countries worldwide.

L&T, Kemroc ink pact for distribution of cutting-edge products in India

Larsen & Toubro (L&T) on Friday said it has entered into a pact with Kemroc, a global manufacturer of attachments for excavators and backhoe loaders, to distribute the latter's cutting-edge products in India. The agreement covers Kemroc-developed special attachments, including its patented EK series of chain cutters. These chain cutters are a game-changer in rock trenching and are well accepted across the world, including India. "Larsen & Toubro...and Kemroc, a global manufacturer of attachments for excavators and backhoe loaders, have entered into a distribution agreement that will facilitate Kemroc products to be distributed and promoted in the Indian market by L&T," the company said in a statement. Kemroc was originally founded in 2012 in Germany by Klaus Ertmer, who in 2017 introduced a new series of efficient chain cutters, drum cutters, cutter wheels, pile cutters, trenchers, patch planners and drilling augurs with applications covering trench excavation, among ..

L&T looks to tap green business, more infra projects in West Asia

Over 30% of L&T's power order book is from green energy. It has also electrified 10% of Indian villages over the last decade and modernised systems in several towns

Signs of capital goods sector returning to normalcy despite negative CAGR

The strong stock price momentum is now backed by improving fundamentals

Infosys, L&T are top picks of most brokerages for Samvat 2078

Public sector banks, information technology companies, cement makers, and consumption plays are among other picks

L&T's infrastructure business loses ground to IT & technology segment

There has been a rapid rise in the contribution of IT and technology in L&T's consolidated revenues

Sensex tanks 1,159pts on broad-based sell-off; Nifty ends below 17,900

Financials led by PSU banks, realty, metal and FMCG shares where the major losers in trade. All NSE sectoral indices ended with losses of more than a per cent

Sensex slips 207pts on late sell-off; Axis Bank sheds 6%, Bajaj Finance 5%

Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure