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EXPLAINED: Lt org | Vintage Vibes

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

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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

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

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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…

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…

The Economic Times

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…

Newslaundry

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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

Newslaundry

‘Thrown on the road’: Terminated Infosys employees describe forced resignations

In a shocking and controversial move, multinational tech giant Infosys laid off an estimated 400 trainee employees from their Mysuru training facility on Friday, February 7. It is said that more terminations are imminent. While the company claims that employees ‘voluntarily’ signed their release agreements, those affected tell a different…

The Independent UK

Indian actor responds to L&T chief’s ‘90-hour work week’ comment: ‘Mental health matters’

SN Subrahmanyan’s remarks spark outrage after he expresses regret at not being able to enforce work on Sundays

International Business Times

Conglomerate Boss Suggests Employees Log 90 Hour Weeks: 'Work On Sundays'

The chairman of Larsen & Toubro has ignited debate on social media for advocating a 90-hour work week for employees.

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The Hindu

Political heat rises as L&T links free bus scheme to metro rail woes

Every quarter, the company is reported to be making about ₹300-crore loss with a debt burden of about ₹8,000 crore.

The Hindu

CM ‘unhappy’ with L&T’s political comments on free bus service

Chief Minister Revanth Reddy sends strong message to L&T over free bus scheme, warns of government takeover of Metro Rail.

The Hindu

U.K. leverages logistics support agreement to expand maritime cooperation with India

The U.K. is leveraging a logistics support agreement signed with India to expand military to military engagements, especially in the maritime domain, as it also looks to augment its capability and deployments in the Indo-Pacific

The Hindu

Waterlogging issue haunts Vijayawada as drain project launched in 2016 remains incomplete

At least three incidents of children and adults falling into open drains were reported between January 2023 and March 2024; the contractor abandoned the project in 2020 due to non-payment of dues, says Taxpayers’ Association

The Hindu

Safety and fire engineering students of Cusat bag attractive campus placements

Cusat engineering students in safety and fire engineering secure high-paying placements with top companies like GAIL and L&T.

The Hindu

Tamil Nadu creates history with India’s second privately developed rocket

Tamil Nadu's Agnikul Cosmos to launch India's first private rocket, showcasing state's growing space ecosystem on March 22.

The Hindu

Agreement signed for transfer of technology for non-corrosive textile reinforced concrete

CSIR-SERC and L&T Construction sign agreement for corrosion-free TRCPT technology developed in Chennai for mass production.

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