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BHUBANESWAR: Vedanta chairman Anil Agarwal has approached Odisha Chief Minister Mohan Charan Majhi to seek support in fast-tracking clearances and accelerating the implementation of the company's ambitious USD 20-billion aluminium project. Vedanta has already committed Rs 1.27 lakh crore investment for a 3 million tonne per annum (MTPA) aluminium smelter in Dhenkanal district and Rs 1 lakh crore investment for a 6 MTPA refinery in Rayagada district. In a letter to the chief minister, Agarwal s ...Read More >
New Delhi, Oct 13 (PTI) Infrastructure major Larsen & Toubro (L&T) on Monday said its power transmission and distribution vertical has bagged 'large' grid infrastructure orders in the Middle East. According to the company's project classification, a 'large' order is worth Rs 2,500 crore to Rs 5,000 crore. The 400kV super grid interconnection linking the electricity networks of GCC member states has helped in efficient utilization of generation capacity and has improved the overall grid resilie ...Read More >
Indian IT services major HCL Technologies (HCLTech) has entered into a strategic collaboration with the Massachusetts Institute of Technology (MIT) Media Lab, aiming to co-develop advanced artificial intelligence (AI) solutions and accelerate innovation across emerging technology domains. As part of the engagement, HCLTech will gain access to the Media Lab's interdisciplinary research network and collaborate with leading faculty, researchers, and technologists. The focus will primarily be on ne ...Read More >
New Delhi, Oct 6 (PTI) Technology consulting and digital solutions company LTIMindtree on Monday said it has signed a multi-year agreement, its largest strategic deal to date, with a global media and entertainment company. As part of the agreement, LTIMindtree will contribute to the company's digital transformation by enhancing operational efficiency and modernising delivery models through automation, process optimisation, and vendor consolidation, the Larsen & Toubro Group company said in a re ...Read More >
Mumbai, Oct 3 (PTI) Benchmark indices Sensex and Nifty advanced for the second straight session on Friday, powered by buying in metal and telecom stocks following a firm trend in global markets. After swinging between gains and losses for most of the session, the 30-share BSE Sensex climbed 223.86 points, or 0.28 per cent, to settle at 81,207.17. During the day, the index touched a high of 81,251.99 and a low of 80,649.57, gyrating 602.42 points. As many as 2,710 stocks advanced while 1,490 de ...Read More >
Bengaluru : GPS Renewables, one of the leading global full-stack, renewable oil & gas companies offering technology and project solutions for climate-positive biofuel projects, has partnered with Council of Scientific and Industrial Research - National Chemical Laboratory (CSIR-NCL) to develop a first-of-a-kind commercial-scale production of Sustainable Aviation Fuel (SAF) from ethanol. The same technology can be used to produce SAF from methanol as well. As part of the partnership, GPS Renewab ...Read More >
Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day, as bank stocks were dragged by persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. Photograph: Hemanshi Kamani/Reuters After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 a ...Read More >
Air Marshal Bharti stressed the importance of self-reliance in the defence sector. New Delhi: Deputy Chief of the Air Staff, Air Marshal Awadhesh Kumar Bharti, on Tuesday stressed that India's defence sector is making significant strides towards self-reliance, with the Indian Air Force (IAF) actively pursuing indigenous projects. Air Marshal Bharti emphasised the importance of indigenous engine production, stating that within the next 10-12 years, India aims to develop its own engine. This am ...Read More >
New Delhi [India], September 30 (ANI): Deputy Chief of the Air Staff, Air Marshal Awadhesh Kumar Bharti, on Tuesday stressed that India's defence sector is making significant strides towards self-reliance, with the Indian Air Force (IAF) actively pursuing indigenous projects. Bharti emphasised the importance of indigenous engine production, stating that within the next 10-12 years, India aims to develop its own engine. This ambitious goal requires concerted efforts from both the defence sector ...Read More >
Mumbai, Sep 30 (SocialNews.XYZ) The domestic equity indices ended the session slightly lower on Tuesday, trading range-bound amid investors showing a cautious approach ahead of the RBI monetary policy outcome. Sensex ended the session at 80,267.62, down 97 points or 0.12 per cent. The 30-share index started the session in green at 80,541.77, breaking a seven-day losing streak, against last session's closing of 80,364.94. However, the index dragged in negative territory following selling in heav ...Read More >
Bengaluru : Having issued India's first listed sustainability-linked Bond, for USD 60 million, under the Securities and Exchange Board of India's (SEBI) ESG Bond Framework in June this year, Indian multinational conglomerate Larsen & Toubro (L&T) has now secured a Sustainability-Linked Trade Facility (SLTF) worth USD 700 million with Standard Chartered. The development underscores L&T's commitment to sustainable business practices and its continued efforts to augment the sustainable business po ...Read More >
Mumbai, Sep 29 (PTI) Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day mainly due to selling in banking shares and persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 and a ...Read More >
Mumbai, Sep 29 (PTI) Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day, as bank stocks were dragged by persistent foreign fund outflows ahead of the RBI's interest rate decision later this week. After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 and a low of 80,24 ...Read More >
New Delhi, Sep 29 (PTI) Larsen & Toubro on Monday announced securing a Sustainability-Linked Trade Facility (SLTF) worth USD 700 million from Standard Chartered. The SLTF is tied to specified key performance indicators (KPI) such as the intensity of greenhouse gas emissions and fresh-water withdrawal, and targets that are crucial to L&T's business operations. It is also aligned with the Loan Market Association's Sustainability-Linked Loan Principles, ensuring adherence to market standards for ...Read More >
Mumbai, Sep 29 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Monday after registering a sharp fall last week, amid value-buying at lower levels and a firm trend in global markets. The 30-share BSE Sensex climbed 255.46 points to 80,681.92 in early trade. The 50-share NSE Nifty went up by 89.05 points to 24,743.75. From the Sensex firms, Bharat Electronics, Eternal, Tata Steel, Tata Motors, Titan and Mahindra & Mahindra were among the major gainers. However, Hindu ...Read More >
Mumbai, Sep 29 (SocialNews.XYZ) The Indian equity indices opened higher on Monday with a rise in heavyweight stocks, as the key RBI MPC meeting began to decide on the repo rate. At 9.22 am, Sensex was up 108 points or 0.14 per cent at 80,534 and Nifty was up 30 points or 0.12 per cent at 24,685. Buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 302 points or 0.54 per cent at 56,680 and Nifty smallcap 100 index was up 90 points or 0.51 per cent at 17,651. Among t ...Read More >
Telangana government will acquire Hyderabad Metro Rail Phase-I from L&T Group. The state will pay Rupees 2,000 crore for equity in L&T Metro Rail Hyderabad Limited. Government will also assume the company's debt of Rupees 13,000 crore. This decision aims to expedite Phase 2 approval by the central government. Telangana government has agreed to take over Phase-I of Hyderabad Metro Rail project from L&T Group by paying Rs 2,000 crore for the equity in the concessionaire L&T Metro Rail Hyderabad L ...Read More >
For the month, FII sold equities worth Rs 30,141.68 crore, while DII bought equities worth Rs 55,736.09 crore. The broader indices broke a three-week gaining streak and underperformed the main indices as markets remained under pressure throughout the week on worries over fresh tariffs on pharma, higher visa fees by the US, persistent trade concerns, and continued FII selling. For the week, Nifty50 plunged 672.35 points or 2.65 percent to finish at 24,654.70, while the BSE Sensex index declined ...Read More >
Hyderabad: Bharat Rashtra Samithi (BRS) working president and former minister KT Rama Rao launched a scathing attack on Telangana Chief Minister A. Revanth Reddy, holding him responsible for pushing the state into deeper financial trouble through what he called reckless decisions and unchecked arrogance. Referring to the Hyderabad Metro Rail project, KTR alleged that the Chief Minister's approach has cost Telangana dearly, saddling taxpayers with an additional liability of ₹15,000 crore. He cla ...Read More >
Hyderabad: BRS working president KT Rama Rao alleged that the Congress govt's irresponsible and reckless decision to take over Metro Rail Phase-I from L&T has imposed a staggering debt burden of Rs 15,000 crore on the people of Telangana overnight. He said chief minister Revanth Reddy's personal vendetta, arrogance, and dictatorial tendencies forced the world-renowned construction company L&T to abruptly withdraw from the Hyderabad Metro project."The Congress govt's financial recklessness has no ...Read More >
Mumbai: Benchmark stock indices Sensex and Nifty tumbled nearly one per cent on Friday, marking their sixth consecutive day of decline, following heavy selling in pharma and IT shares as US President Donald Trump announced 100 per cent duties on branded drugs from next month. The 30-share BSE Sensex tanked 733.22 points or 0.90 per cent to settle at a three-week low of 80,426.46. During the day, it dropped 827.27 points or one per cent to 80,332.41 points. The 50-share NSE Nifty tumbled 236.15 p ...Read More >
Hyderabad: Metro Rail users in the city feel that the state government might not manage the Metro Rail effectively and that it will lack proper maintenance. Users expressed that this decision of the government to take control of the Metro Rail is not a welcome move. The metro rail users were also concerned regarding the increase in fares. Anushka Nath, a regular commuter said, "With taking over of Hyderabad Metro's first phase by the Telangana government from L&T, I trust that the quality of se ...Read More >
Hyderabad: A day after the state government announced its intent to take over the operations of Hyderabad Metro Rail from concessionaire L&T Metro to fast-track its plans for metro expansion in the city, Chief Minister A. Revanth Reddy-led Congress government found itself in a precarious situation over funding the Rs 15,000-crore takeover deal. According to the deal announced on Thursday, L&T Metro will exit the operations of Hyderabad Metro following the state government's take over of its Rs ...Read More >
Mumbai, Sep 26 (SocialNews.XYZ) The Indian equity market ended the week on a negative note on Friday amid weak global cues and fresh US tariffs on certain pharmaceuticals imports. Nifty Pharma fell 470 points or 2.14 per cent. Sensex ended the session at 80,426.46, down 733.22 points or 0.90 per cent. The 30-share index started the session a bit lower at 80,956.01 against last session's closing of 81,159.68. The index further extended the loss amid overall selling to hit an intraday low of 80,3 ...Read More >
Mumbai, Sep 26 (PTI) Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Friday, marking their sixth consecutive day of decline, following heavy selling in pharma and IT shares as US President Donald Trump announced 100 per cent duties on pharmaceutical drugs from next month. The 30-share BSE Sensex tanked 733.22 points or 0.90 per cent to settle at a three-week low of 80,426.46. During the day, it dropped 827.27 points or 1 per cent to 80,332.41. The 50-share NSE Nifty tumbl ...Read More >
Mumbai, September 26: The Indian benchmark indices opened lower on Friday, following US President Donald Trump's announcement of tariffs on pharma imports and sustained selling by foreign institutional investors. As of 9.25 am, Sensex was down 388 points, or 0.48 per cent at 80,771 and Nifty was down 119 points, or 0.48 per cent at 24,771. Shares of Indian and other Asian pharmaceutical companies fell after Trump announced tariffs of up to 100 per cent on imports of branded and patented pharmace ...Read More >
Mumbai, Sep 26 (SocialNews.XYZ) The Indian benchmark indices opened lower on Friday, following US President Donald Trump's announcement of tariffs on pharma imports and sustained selling by foreign institutional investors. As of 9.25 am, Sensex was down 388 points, or 0.48 per cent at 80,771 and Nifty was down 119 points, or 0.48 per cent at 24,771. Shares of Indian and other Asian pharmaceutical companies fell after Trump announced tariffs of up to 100 per cent on imports of branded and paten ...Read More >
The Telangana government and Larsen and Toubro group have reached an in-principle agreement for the state to acquire L&T's stake in the Hyderabad Metro Rail project. The development, which follows a long-standing deadlock over expansion plans, aims to clear the way for the long-awaited Phase 2 of the Metro network. The agreement was reached on Thursday during a high-level meeting convened by Chief Minister Revanth Reddy with L&T Group Chairman and Managing Director SN Subrahmanyan. The discuss ...Read More >
Mumbai, Sep 24 (SocialNews.XYZ) The Indian equity indices ended the session in negative territory on Wednesday, continuing the losing streak this week amid persistent selling in IT stocks and profit booking in the auto, banking and financial services sectors. Sensex ended the session at 81,715.63, down 386.47 points or 0.47 per cent. The 30-share index opened slightly lower at 81,917.56 against the last session's closing of 82,102.10. The index slipped further amid selling across major sectors ...Read More >
Mumbai, Sep 16 (SocialNews.XYZ) The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of India-US trade talks and Fed rate cut expectations. Sensex closed at 82,380.69, up 594.95 points or 0.73 per cent. The 30-share index started the session slightly up at 81,852.11 against last session's closing of 81,785.74. The index extended the momentum further following value buying across the segments, excluding FMCG, amid positive global cues. It touched an intraday h ...Read More >
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