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Blackstone frontrunner for Rs 3,200 crore L&T Mutual Fund buy
The deal closure would hinge upon approval from the capital markets regulator, which generally frowns upon private equity ownership of mutual funds.
Rupee betters rank among Asian peers on dollar flows
The rupee gained about 2% in the past five trading sessions, and that has definitely lessened the damage previously done. In the calendar year to date, the rupee ranks third from the bottom in the continent, having lost 2.76%.
Bhimaraya Metri takes charge as a director of IIM Nagpur
Dr Metri has taken over from L S Murty, who was the director of IIM Nagpur from 2017 to 2020. Prior to joining IIM Nagpur, Dr Metri served as the director of IIM Trichy, following stints at the L&T Institute of Project Management Vadodara, MDI Gurgaon, IMI New Delhi, and BITS Pilani.
ET Catalyse Virtual 11: How FMCG marketers adapted to COVID, used digital to jumpstart business
How are the famed FMCG marketers dealing with the Covid upheaval? Catch Anuja Mishra from Godrej Consumer Products Ltd and Pankaj Sharma fro...
Indian Coast Guard Offshore Patrol Vessel 'Vigraha' launched to enhance coastal security
The OPV is 98 metre long, 15 metre wide, has 3.6 m draught, 2140T displacement and a range of 5,000 nautical miles. It can attain a sustained speed of upto 26 knots. The vessel is expected to be inducted into the Coast Guard after completion of extensive trials and testing for the equipment and machinery.
View: Babri verdict only brings judicial closure, the row will simmer on
All said and done, this verdict brings the long-standing Ayodhya dispute to a final judicial closure. The controversy, however, will remain. The battle will shift to the realms of memory, history and, most important, politics — sites where it should have been conducted all along.
Stocks in the news: Maruti Suzuki, Bharti Airtel, L&T, RIL and Future Retail
Integrated Core Strategies (Asia) PTE bought 3,80,10,584 shares of telecom major Bharti Airtel at Rs 513.79 per share.
L&T closes Rs 14,000 crore deal to sell electric division to Schneider Electric
L&T Group Chairman AM Naik said that the deal is a “win-win” for the company’s employees, business partners, and shareholders.
Bitcoin’s rising correlation with stocks debunks haven narrative
Bitcoin’s 14-day Relative Strength Index (RSI) reading clocks in at 45, while the equity index’s is at 51. That suggests the cryptocurrency’s decline has been more severe than the overall stock market drop.
Major deal for private sector: Defence Ministry inks Rs 2,580 cr Pinaka deal with L&T and Tata
The contract, which has been in the making since 2017, will go to private sector companies L&T and Tata Aerospace and Defence. A significant portion of the work will also go to public sector enterprise BEML, which supplies trucks for the rocket launchers.
Virtual innovations enable to honour hiring commitment during COVID-19: L&T
The conglomerate said various virtual innovations helped it hire candidates and the joining of over 940 trainees was done in virtual mode.
Honda drives in all new mid-sized sedan City in India between Rs 10.9L-Rs 14.65L
The 1.5-litre petrol versions with manual transmission are priced at Rs 10.9 lakh, Rs 12.26 lakh, and Rs 13.15 lakh, while the 1.5-litre diesel trims are tagged at Rs 12.40, Rs 13.76 lakh, and Rs 14.65 lakh. The 1.5-litre petrol automatic trims (CVT) on the other hand are priced at Rs 12.20 lakh, Rs 13.56 lakh and, Rs 14.45 lakh (all prices ex-showroom Delhi).
CJI, 7 senior judges to hear PILs, letter petitions, social justice matters from October 5
Usually six to seven benches of the apex court assemble through video conferencing due to the ongoing pandemic conditions in contrast with normal times, when 14-15 benches used to take up cases in physical hearings.
India rejects Pakistan criticism of court ruling in Babri Masjid demolition case
Pakistan Foreign Office on Wednesday condemned the acquittal of the accused in the case and urged the Indian government to ensure safety, security and protection of the minorities, particularly the Muslims and their places of worship.
Analysts upbeat on L&T post robust core segment show
Analysts said that they will track the company’s working capital position and order inflows closely, and expect it to be one of the top beneficiaries of government’s infrastructure investment going ahead.