Larsen & Toubro (L&T) today said L&T Construction has bagged a Rs 3,191 crore order from Dhaka Mass Transit Company for construction of a railway line for Dhaka Metro. L&T said it has secured the order in JV with Marubeni Corporation (Japan) through an international competitive bidding process.

The Department of Telecommunications (DoT) has given a go-ahead to the sale of Idea Cellular’s standalone telecom towers to a subsidiary of American Tower Corp (ATC).

Idea through its wholly owned subsidiary Idea Cellular Infrastructure Services (ICISL) has a portfolio of 9,900 towers with a tenancy ratio of 1.80x (September 2017). During the first half of FY18, ICISL had revenues of Rs 597 crore and an EBITDA of Rs 194 crore.

The impending policy decision barring single-use plastics and a ban on PET bottles after a 3-month window has left the Maharashtra food processing industry in a state of flux. Several horticulture associations have opposed the move and have urged the government to deliberate upon alternative packaging solutions.

Volvo Cars has announced it is working with Google to embed the voice-controlled Assistant, Play Store, Maps and other Google services into its next-generation Sensus infotainment system, based on Google’s Android operating system.

“Volvo Cars’ intended partnership with Google will further enhance the way Volvo customers engage with and interact with their cars.

Companies may find it difficult to get corporate credit from State Bank of India (SBI) with the bank focusing on public sector undertakings like oil companies and investment grade firms to control its non-performing assets (NPAs) which have hit Rs 2.23 lakh crore, constituting 10.91% of its total advances. Instead, the bank will focus on retail loans which it expects it to grow to 60% of its total advances.

The government is in dilemma over Air India privatisation and is rightly re-tweaking the details after couple of bidders pulled out. However, at the same time the government is being prudent as aviation secretary R N Choubey now says that the national carrier may not be sold if they do not get the right price.

Capital market regulator Securities and Exchange Board of India (Sebi) on Thursday allowed ‘omnibus’ trades at the Gujarat International Finance Tec-city (GIFT City), India’s only international financial service centre (IFSC). An omnibus structure allows an investor trade through a broker or service provider with confidentiality. Such structures are allowed at major jurisdiction worldwide.

Tata Consultancy Services (TCS) , the country's biggest software services exporter, saw its market capitalisation (market-cap) cross Rs 7-trillion mark, adter the stock price of the company hit a new high of Rs 3,668 on the BSE in early morning trade.

At 09:19 am; TCS was trading 1.7% higher at Rs 3,666 have market-cap of Rs 7.91-trillion, the BSE data shows.

The government is likely to levy a ‘windfall tax’, in the form of a cess, on companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) to bring down the rising petrol and diesel prices. The move may add additional pressure to oil producers that were already paying a higher cess after the switchover of fixed amount to 20 per cent ad valorem rates in 2016.

Looking to capture the West India market, fast-moving consumer goods-major Wipro Consumer Care and Lighting has launched its liquid-based dish wash in Maharashtra, the largest market for dishwashing liquids in India.

The company plans to launch the product, Giffy, pan India in the months to come to capture the liquid dish wash market which is estimated to be Rs 4 billion.

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