Larsen Toubro Limited

FIIs, domestic institutions pile into consumer goods sector

In its report on 'Institutional Ownership Trends', Edelweiss Securities has pointed out that the consumer sector now accounts for 10.3 percent of institutional holdings in the first quarter of the current financial year as compared to an average of 8.8 percent over the preceding three quarters.<br /><br /> <br /><br />

L&T to tap sovereign funds, seeks stake sale for expansion

Infrastructure major Larsen and Toubro is looking to sell some stake in its infrastructure arm to private equity firms to fund expansions and meet demand for ports, bridges.

Vedanta Aluminium buys L&T's bauxite mines for Rs 1,811 crore

Vedanta Resources-owned Vedanta Aluminium will acquire L&T-owned Raykal Aluminium that holds key bauxite mining licenses in Orissa that will help the former with easy access of bauxite.

L&T wins Rs 2,410 construction project

Business conglomerate L&T's construction arm has won Rs 2,410 crore new orders across various businesses during in the last quarter from developers for building residential towers.

Is Hexaware Tech a bad buy for L&T ?

The deal would be negative in the near term given L&T's sizable commitment to developmental projects.

Why the budget could benefit L&T, BHEL

The Union budget 2012-13 could benefit certain companies like L&T, BHEL and Bharat Forge because the government might hike import duty on power generation equipment.

India may borrow $9.5 bln by pledging assets: Bloomberg

India plans to borrow up to Rs 500 billion by pledging property and shares to bridge the government's budget deficit, Bloomberg reported on Thursday, citing unnamed government officials.

Capital goods crash: It's IIP less, Chinese competition more

Will the proposed import duty on Chinese manufacturers help the domestic heavy industries? Or is the going just going to get tough?

Business is also to blame for corruption, say top execs

We rarely see business leaders speak their mind on corruption. AM Naik, Adi Godrej, Rajul Bajaj and other top executives now say that business will have to stop sitting on the fence.

Larsen bets on govt contracts post elections

R Shankar Raman, executive VP, finance, believes that any slowdown in orders inflow and a spike in interest rates could hurt company's profitability going forward. Listen to his views on the outlook for margins and cost management at L&T.