Infrastructure company Larsen & Toubro (L&T) on Monday said its construction arm has bagged contract from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) to construct 23,432 dwelling units at various locations in Navi Mumbai. The company did not provide the value of the contract, but said the order falls under the ‘major’ category, which ranges between Rs 5,000 crore and Rs 7,000 crore according to the classification of contracts.

Jack Ma steps down next week as chairman of Alibaba, but the start-up he built into and online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture. A former English teacher whose often playful image shattered the stereotype of the drab Chinese executive, Ma officially leaves on Tuesday, his 55th birthday.

The Digital Communications Commission (DCC) is scheduled to meet on September 19 to finalise the pricing and other modalities for the upcoming spectrum auction. As per sources, an internal committee of the DoT has already approved the revised recommendations regarding the auction submitted by the Telecom Regulatory Authority of India (Trai).

The regulator has largely stuck to its recommendation on the reserve price of spectrum, including for the 5G band.

After her recent record-breaking achievement of bagging India’s first gold at the BWF World Championships, 24-year-old PV Sindhu is taking her time to pick and choose new brand endorsement deals. “We don’t want brands to suddenly get excited about Sindhu. She will choose credible and long-term partnerships that are not contingent to only her performance and wins,” says Ramakrishnan R, co-founder and director of Baseline Ventures, Sindhu’s talent management firm.

Taking a strong stance against Islamabad for using its consulate for anti-India activities, Iranian officials on 15th August forcibly removed banners from Pakistan's consulate in the northeastern city of Mashhad. The anti-India banners on so-called "Kashmir Solidarity day" were removed in the middle of the night from the walls of the Pakistani consulate by the local police.

While Prime Minister Narendra Modi has set a deadline of October 2, 2019, for eradication of single-use plastic, fast-moving consumer goods (FMCG) companies are working aggressively towards meeting their timelines of using 100% biodegradable plastic for packaging ready-to-eat products.

Public sector lender Bank of Baroda (BoB) plans to raise capital up to Rs 3,000 crore through tier-II bonds for meeting capital adequacy norms for the merged entity (integration of Vijaya and Dena Bank with BoB).

Rating agency India Ratings has assigned “AAA” stable rating to proposed bond offering by the PSB.

New Delhi: Drug major Sun Pharmaceutical Industries on Thursday said a forensic audit has been ordered by markets regulator Sebi with regard to its financial statements for three financial years between 2015-16 and 2017-18.

In a regulatory filing, Sun Pharma said, "A forensic audit has been ordered by Sebi w.r.t. the financial statements of Sun Pharmaceutical Industries Ltd for the financial years ending March 31, 2016, March 31, 2017 and March 31, 2018".

The markets rallied sharply on Friday after taking a breather in the previous session as the indices clocked their best gains of the week, but ended lower for the week. The gains came on the back of positive Asian markets amid easing US-China trade tensions. The Sensex gained 337 points or 0.92 per cent, while Nifty Index ended 98.3 points or 0.91 per cent higher at 10,946.2.

TVS Motor Company has announced that its 100cc motorcycle, TVS Sport, has set a new record of the ‘highest fuel efficiency delivered by a motorcycle on the Golden Quadrilateral’ in the India Book of Records and Asia Book of Records. “This feat was achieved by Pavitra Patro who completed the Golden Quadrilateral, and chose TVS Sport to complete this record. The ride saw Pavitra traverse 6,377-km across the country to achieve the record with an on-road mileage of 76.4kpl,” the company said in a statement.

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