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EXPLAINED: Lt org | Vintage Vibes

Stocks in news: CDSL, Adani Energy, L&T, Adani Total Gas, Emcure Pharma

Markets declined on Monday due to disappointing earnings and geopolitical worries. CDSL faced a Rs 1 crore penalty from Sebi for cybersecurity lapses. Several companies will announce their first quarter financial results today. Grasim Industries invested Rs 74,000 crore in capital expenditure over five years. Larsen & Toubro secured multiple…

The Economic Times

L&T bags orders worth Rs 10,000–Rs 15,000 cr in metals and minerals business

Larsen & Toubro's Metals & Minerals business secured multiple mega orders. These contracts are from leading domestic public and private sector companies. One order involves an 18-MTPA iron ore handling plant in Chhattisgarh. Another project expands a steel plant in West Bengal significantly. L&T also won an EPC order for…

The Economic Times

Oberoi Realty sells luxury homes worth Rs 8,109 crore at its first project in Delhi-NCR

Oberoi Realty has launched its luxury housing project in Gurugram, achieving gross bookings of Rs 8,109 crore. The project, known as 'Three Sixty North,' located on the prestigious Golf Course Extension Road, has experienced exceptional demand, with 832 units sold in its initial phase. This extraordinary performance highlights the brand's…

The Economic Times

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Market wrap: Sensex falls 372 points, Nifty closes below 23,950; Kotak Mahindra Bank drops 3%

Indian markets ended lower as Sensex and Nifty snapped a two-session winning streak, pressured by geopolitical tensions in the Middle East and broad-based selling. While pharma outperformed, auto stocks dragged. Analysts flagged near-term volatility but maintained a constructive outlook for Nifty above key support levels amid mixed global cues.

The Economic Times

Nifty headed to 24,500 next week, says Dharmesh Shah; these 2 stocks are top buys right now

Indian equity markets are poised for further gains, with Nifty eyeing 24,500, according to ICICI Direct's Dharmesh Shah. He highlights falling crude oil prices and rupee stability as key drivers. Bank Nifty has also shown strength, targeting 59,300. Shah recommends buying dips and identifies Mahindra & Mahindra and Larsen &…

The Economic Times

US notifies sale of support services for India's Apache helicopters, M777A2 howitzers

The US has formally approved a significant military support package for India, including sustainment services for its Apache attack helicopters and M777A2 Ultra-Light Howitzers. Valued at approximately USD 482.2 million, this deal aims to bolster India's defense capabilities and strengthen the strategic partnership between the two nations. The support will…

The Economic Times

IAF launches project to produce indigenous long-range kamikaze drones

The Indian Air Force is developing long-range kamikaze drones with Indian companies. This initiative aims to strengthen preparedness for future drone warfare. The project focuses on indigenous design, development, and manufacturing. The drones will operate at high altitudes and in all conditions. This move promotes self-reliance in defence production. The…

The Economic Times

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India's light tank Zorawar may face delays of up to 2 years as Army demands enhanced protection

India's new light battle tank, Project Zorawar, faces a two-year induction delay. Developers are enhancing protection levels, a move that adds weight and technical hurdles. Originally planned for 2027 induction in high-altitude areas, the timeline is now extended. This tank, developed rapidly in response to Chinese deployments, aims for superior…

The Economic Times

L&T betting big on 'digital workers' to overcome manpower challenges inprojects: CFO R Shankar Raman

Larsen & Toubro is embracing automation and technology for construction growth. The company is using robots for tasks like welding and plastering. This shift aims to overcome labor shortages and improve site safety. L&T's extensive international experience, particularly in the Middle East, has prepared it for large-scale projects. The company…

The Economic Times

4,800 illegal immigrants sent to Bangladesh from Bengal's border districts, says Suvendu Adhikari

West Bengal Chief Minister Suvendu Adhikari stated that 4,800 illegal immigrants have been sent to Bangladesh. He also detailed efforts to secure the India-Bangladesh border and outlined new welfare initiatives for women and healthcare improvements. The government is also implementing the Ayushman Bharat scheme and plans to announce further benefits…

The Economic Times

Tamil Nadu signs Rs 18,600 crore MoU with Larsen & Toubro for data centre, shipbuilding projects

Tamil Nadu Chief Minister V Joseph Vijay witnessed a significant MoU signing. Larsen & Toubro Limited will invest Rs 18,600 crore in three major projects. These projects will boost data centres, electronics manufacturing, and shipbuilding. Around 8,200 jobs will be created. This marks a key step towards Tamil Nadu's economic…

The Economic Times

Aditya Shah favors domestic growth themes, stays bullish on IT and infrastructure sector

Aditya Shah of Hercules Advisors identifies EPC companies with strong order books as key infrastructure opportunities, favoring players like Ahluwalia Contracts and PSP Projects. He remains constructive on IT despite AI concerns, highlighting TCS and HCL Tech for their dividend yields. Shah also sees value in ITC due to its…

The Economic Times

KEC International bags orders worth Rs 1,300 cr in India, overseas

KEC International has secured new orders totaling Rs 1,303 crore. These orders span across its transmission and distribution, civil, renewable, and cables and conductors businesses. The company received projects in India and international markets. These wins are expected to drive KEC International's future growth. The RPG Group company is a…

The Economic Times

L&T wins orders from JSW Utkal Steel, IWAI, others

Larsen & Toubro has won several new contracts in India. These include piling work for JSW Utkal Steel in Paradeep, Odisha. L&T GeoStructure will also build ship repair facilities in Patna and Varanasi for the Inland Waterways Authority of India. Additionally, a yacht marina project at Mumbai Harbour has been…

The Economic Times

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The Economic Times

Corporate India gets a call of duty and it's raring to go

In a dynamic shift, India's defence industry is witnessing a groundbreaking transformation where private corporations are spearheading pivotal projects like the creation of cutting-edge fighter jets. This transition from a state-controlled realm to vibrant private sector involvement is set to unleash a wave of innovation and operational efficiency. Meanwhile, emerging…

The Economic Times

Man Industries strengthens India’s global footprint with ₹981 crore Saudi pipe company takeover

Man Industries (India) Ltd has completed the acquisition of a 100% stake in Saudi Arabia’s National Pipe Company for about USD 102 million (₹981 crore) through its subsidiary MISIC. The deal strengthens its international expansion in the pipe manufacturing sector and expands its presence in the Middle East.

The Economic Times

L&T opens India's largest skill training institute in PM Modi's hometown Vadnagar

India's largest skill training institute, established by Larsen & Toubro (L&T), was inaugurated in Prime Minister Narendra Modi's hometown of Vadnagar on Thursday.

The Economic Times

Last date to buy L&T, 10 other stocks for dividends. Do you own any?

Investors have a final chance today, May 21, to purchase shares of Larsen & Toubro and ten other companies to qualify for upcoming dividend payments. These stocks will turn ex-record date tomorrow, May 22. Companies like L&T, Havells India, and Sula Vineyards are among those offering dividends. Shareholders must own…

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The Economic Times

Inside India’s Next-Gen Workspaces: The Rise of Intelligent Commercial Ecosystems

L&T Realty is expanding its commercial real estate footprint while setting new benchmarks for India’s modern work environment

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Domestic equity benchmarks ended marginally higher after four sessions of losses, supported by gains in metal, energy and consumer stocks. Analysts cautioned that bearish technical indicators and resistance near key levels could keep markets volatile, while broader sentiment remained tilted toward selective selling pressure.

The Economic Times

L&T to set up extra-high voltage substations in Middle East

Larsen & Toubro's Power Transmission & Distribution division has won new orders in the Middle East. The company will build extra-high voltage substations. These projects will ensure reliable power supply to major areas. They will also help decongest existing power grids. The orders are for turnkey projects with strict delivery…

The Economic Times

Crorepati investors splurge $1 billion to buy these 10 stocks. Should you follow the smart money?

Wealthy investors are making significant moves, pouring over $1 billion into ten select stocks. This concentrated buying occurs even as their overall portfolio value has decreased. Data shows these high-net-worth individuals are strategically picking specific retail and engineering companies. While some of these chosen stocks also saw price drops, the…

Newslaundry

The anatomy of a protest: Why workers across refineries in India are striking work?

For the last four years, around 8 am every morning, including Sundays, thousands of men dressed in navy blue and orange overalls, yellow hard-hats and boots have queued up outside the gates leading to the ‘P-25 Project’ site. Hired by private contractors, they work at an intense pace to construct…

Newslaundry

Karnataka workers win 20-year court battle against Nirma Group, still await wages

Discarded like curry leaves after a meal is how fifty-one-year-old Mohandoss Ganesan describes the situation he and 83 others are in. Mohandoss is the secretary and treasurer of the Karnataka General Labour Union (KGLU) that took their employers – who are part of the Nirma Group – to court for…

Guitar World

“The main acoustic is a $100 Fender – the strings were super-old and dusty. We hate new strings!” Meet Great Grandpa, the unpredictable indie rockers making epic anthems with cheap acoustics – and recording guitars like a Queens of the Stone Age drummer

The mercurial Seattle indie rockers have returned with their first album in six years, Patience, Moonbeam – they tell us how their lush, multifaceted arrangements all begin on the humble six-string

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