larsen & toubro

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Govt to become largest shareholder in Vodafone Idea Vodafone Idea’s (Vi) board has informed the Department of Telecommunications (DoT) that it will opt for converting the interest on spectrum and adjusted gross revenue (AGR) dues into government equity. The Indian govt will hold 35.8% and become the single largest shareholder in Vi. The cash-strapped telecom […]
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L&T secures third order for Mumbai-Ahmedabad bullet train project Larsen & Toubro (L&T) has secured a third order for the Mumbai-Ahmedabad High Speed Rail from the National High Speed Rail Corporation Ltd (NHSRCL). The order includes the design and construction of civil & building works for a double-line high-speed railway of a length of 8.198 […]
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RIL raises $4 billion in India’s largest forex bond deal Reliance Industries Ltd (RIL) has raised $4 billion (~Rs 29,780 crore) in US dollar bonds, marking India’s largest-ever foreign currency bond deal. RIL raised $1.5 billion in a 10-year tranche, $1.75 billion in a 30-year, and $750 million in a 40-year deal. The company plans […]
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Cabinet clears Rs 76,000 crore incentive scheme for semiconductors The Union Cabinet has approved a Rs 76,000 crore incentive scheme for semiconductor production. Under this scheme, India will set up more than 20 semiconductor design, components manufacturing, and display fabrication (fab) units over the next six years. The scheme has been named the “Programme for […]
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Hero MotoCorp expands operations in Argentina Hero MotoCorp Ltd has announced the expansion of its operations in Argentina, with the opening of a flagship dealership in Buenos Aires in partnership with Gilera Motors Argentina (GMA). GMA will make investments to rapidly expand all business operations for Hero MotoCorp’s products. This move is expected to generate […]
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L&T partners with ReNew for green hydrogen projects in India Larsen & Toubro (L&T) and ReNew Power have signed an agreement to tap the $2 billion green hydrogen business opportunities in India and neighboring countries. Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects. The partnership will allow […]
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Centre to buy 1 crore shots of Zydus Cadila’s Covid-19 vaccine The Central government has placed a purchase order of 1 crore doses of Zydus Cadila’s three-dose Covid vaccine ZyCoV-D at Rs 265 per dose. The needle-free vaccine will cost Rs 93 per dose (excluding GST). The complete dose of the vaccine will cost Rs […]

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