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
EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded. The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving
Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA. In a regulatory filing, the company said that the orders will be executed largely during FY26
All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while
For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power
The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market
