Larsen and Toubro (L&T) on Tuesday announced that its Energy CarbonLite Solutions vertical has bagged ‘Limited Notice to Proceed’ (LNTP) from NTPC Ltd for setting up thermal power plants in Madhya Pradesh and Bihar. The orders pertain to main plant packages of 2×800 MW Stage-II thermal power plant at Gadarwara in Madhya Pradesh and 3×800
Go to Live UpdatesQ2 Earnings 2024 Live Updates: While majors like Tata Consultancy Services (TCS), HCL Technologies, Infosys, Wipro, Tech Mahindra, Reliance Industries, Mahindra and Mahindra, Bharti Airtel, HUL, ITC, Marico, Dabur India, Nestle India, L&T, Adani Enterprises, Apollo Hospitals, Mankind Pharma, ONGC, GAIL, Godfrey Phillips, LIC, SBI, Axis Bank, HDFC Bank, IRCTC, Coal India
India’s biggest diary brand Amul is planning to launch its products in Europe by the end of this month, managing director of the company and Gujarat Cooperative Milk Marketing Federation Jayen Mehta said Monday. “We will be launching milk…fresh products in Europe by the end of this month,” he said at the annual convocation of
Canada’s largest fund manager CPP Investments (CPPIB) recently shelved its plans to sell a 50% stake in its logistics joint venture with IndoSpace despite getting bids from marquee global investors such as Mubadala and Dutch pension fund manager APG. The decision was reportedly due to a mismatch between the fund manager’s expectations and the bids
India’s export of solar photovoltaic (PV) products soared 23 times between FY22 and FY24, when it touched $2 billion, and continues to grow at a scorching pace. The trend signals that the country is poised to be a net exporter of these products, even as it is eyeing big targets for solar capacity addition, and
Biocon Group’s generics business continues to face pricing and demand challenges as was reflected in the July-September quarter also. Peter Bains, Group CEO, tells FE in an interview that the company’s long-term debt restructuring through a combination of $800 million dollar-denominated bonds and a $300 million new syndicated loan facility, with better terms will provide better financial
Automating customs process, correcting inverted duty structure, easing compliance and introducing an amnesty scheme to settle past customs-linked disputes are some of the key recommendations of the industry for the Budget for FY26. Last week, industry unions and tax experts had met the revenue secretary to submit their proposals pertaining to tweaks necessary on the
The Centre is giving a fresh lease of of life via cash support to some central public sector enterprises (CPSEs) to let them stay afloat, even as the strategic sale policy is put on the backburner. With less appetite for privatisation, the Narendra Modi 3.0 government’s approach towards public capital management is now “holistic,” sources
Typically, there are two primary objectives for investing in a piece of property. The first is purchasing the property for personal use, and the second is buying it now with the intention of selling it later for a profit when the need for funds arises. Additionally, until the property is sold, it can generate a
Following raids conducted by the Bureau of Indian Standards (BIS) at warehouses of major e-commerce players, including Amazon and Flipkart, Amazon has issued a statement reaffirming its commitment to product compliance and customer safety. The raids, carried out under the supervision of the consumer affairs ministry, led to the seizure of thousands of uncertified consumer
Foreign investors continue to pull back money from the Indian equity market withdrawing a little over Rs 30,000 crore in the first fortnight of the month amid escalation in global trade tensions. This came following an outflow of Rs 34,574 crore from equities in February and Rs 78,027 crore in January. With these, the total
Fixed deposits (FDs) have been a go-to investment choice in India for quite some time, particularly among senior citizens who prioritize financial stability and a consistent income. To meet the needs of this age group, Senior Citizen FDs provide better interest rates along with a range of other benefits. Before you jump into these investment
The combined market capitalisation of five of the top-10 most valued firms declined by Rs 93,357.52 crore, with IT giants Infosys and Tata Consultancy Services taking the biggest hit, in line with a weak trend in domestic equities. Last week, the BSE Sensex benchmark declined 503.67 points or 0.68 per cent, and the NSE Nifty
