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The Latest Breaking News from Larsen Toubro

M-cap of nine of top 10 most valued firms jumps Rs 2.15 lakh cr; Airtel biggest winner

Indian equity markets saw a significant boost last week, with the top ten firms gaining Rs 2.15 lakh crore. Bharti Airtel led the surge, adding over Rs 52,000 crore to its valuation. This rally was fueled by easing geopolitical tensions and improved global investor confidence. Reliance Industries retained its position…

The Economic Times

Doubled in 5 years: India's military-industrial moment has arrived

India's defence production has surged to a record Rs 1.78 lakh crore in FY26, nearly quadrupling since 2013-14. This growth, fueled by the Aatmanirbhar Bharat program and a record defence budget, signifies the emergence of a robust defence-industrial ecosystem with expanding private sector participation and record exports.

The Economic Times

Mcap of eight of top-10 most valued firms surges by Rs 1.90 lakh cr; ICICI Bank shines

Indian equity markets ended a volatile week on a strong note. Eight of the top-10 most valued firms saw their market valuation surge by Rs 1.90 lakh crore. ICICI Bank led the gains, adding Rs 56,223 crore. This rally was supported by improving global sentiment and RBI measures. Investor confidence…

The Economic Times

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Prabhudas Lilladher cuts Nifty target to 26,449, lists 16 high conviction stock picks

Amidst global market turmoil from the Iran-US war and El Nino, Prabhudas Lilladher lowered its Nifty 50 target to 26,449. The brokerage anticipates limited further downside but warns of sharp swings due to prolonged uncertainty. Rising geopolitical risks and import dependence are impacting India's economy, potentially curtailing consumption demand.

The Economic Times

Mcap of 7 of top-10 valued firms erodes by Rs 1.54 lakh cr; Reliance takes biggest hit

In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent.

The Economic Times

HAL out, Tata and L&T in: IAF pushes ahead with private firms to fulfil India’s AMCA fifth-generation jet dream

India's ambitious Advanced Medium Combat Aircraft (AMCA) program has advanced with the Defence Ministry inviting bids from private firms for its development. Three consortia, including Tata Advanced Systems and Larsen & Toubro, are vying to build the stealth fighter. Stringent timelines aim for the first prototype flight within 30 months,…

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

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Mcap of 6 of top-10 most valued firms surges by Rs 74,111 cr; Reliance biggest winner

The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer.

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

Dividends, stock splits: L&T, Havells among 15 stocks turning ex-date this week. Check details

Investors should note upcoming corporate actions. Several companies including GM Breweries, Havells India, and Larsen & Toubro will turn ex-date for dividends and stock splits. Shareholders must hold shares by the record date to be eligible. This period presents opportunities for investors to track these significant corporate events.

The Economic Times

9 of top 10 valued firms lose Rs 3.12 lakh crore in m-cap; Reliance hardest hit

The valuation of Tata Consultancy Services (TCS) tanked Rs 47,415.04 crore to Rs 8,19,062.65 crore and that of Bajaj Finance dived Rs 27,892.28 crore to Rs 5,66,717.74 crore.

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

Fabless chip startup backed by multi-billion Indian company wants to build a $10bn fab in India before 2027

Fabless chip startup LTSCT, backed by multi-billion Indian company, wants to build a $10bn fab facility in India.

TechRadar

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.

International Business Times

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The Hindu

India’s private space sector boom and ISRO’s role | Explained

Along with ISRO, the Indian private space sector has expanded, attracting foreign investment, boosting start-ups, and aiming for $100 billion space economy by 2040. We explore.

Newslaundry

Bharatmala project: Adani-led consortium, BJP donors, firm with BJP links get tenders in breach of norms

At least one Adani Transport-led consortium, one firm with alleged BJP links, and four companies that donated to the BJP have been awarded road construction projects under the first phase of the central government’s Bharatmala Pariyojana.

The Times of India

Germany, Spain in contest for $4.8 billion Indian submarine deal

NEW DELHI: Two European defense manufacturing giants are seeking to win a 400 billion rupee ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region.

The Hindu

L&T, Nevantia join hands to bide for Indian Navy’s mega submarine acquisition programme

Larsen & Toubro and Spanish defence major Navantia on July 10 inked a ‘teaming agreement’ to jointly bid for the Indian Navy’s ₹43,000-crore contract for the procurement of six stealth submarines.

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The Times of India

Larsen & Toubro Q4 profit rises 10% to Rs 3,987 crore

NEW DELHI: Engineering and construction giant Larsen Toubro (LT) on Wednesday reported a 10 per cent rise in its consolidated net profit to Rs 3,987 crore for the quarter ended in March 2023, helped by higher revenues.

The Times of India

Chennai metro work on IT corridor to begin soon

CHENNAI: Metro train ride to the IT hub on Old Mahabalipuram Road may become a reality in about three years as construction of a 10km elevated corridor between Nehru Nagar and Sholinganallur is likely to begin soon. Chennai Metro Rail Limited (CMRL) recently awarded the contract to Larsen Toubro to…

The Times of India

L&T net profit rises 10% to Rs 3,621 crore in Q4

MUMBAI: Larsen Toubro on Thursday reported a 10 per cent growth in its consolidated net profit at Rs 3,620.69 crore for the quarter ended March, 2022.

The Times of India

LTI on merger with Mindtree: Can't comment on speculation, remain focused on 'fast growing business'

MUMBAI: The management of Larsen Toubro Infotech (LTI) on Tuesday declined to comment on the "speculated" merger with group company Mindtree, maintaining that it remains focused on its own business for now.

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