Larsen & Toubro (L&T) on Thursday said its construction arm has won orders worth Rs 33.76 billion across business segments.

"L&T Construction's power transmission and distribution business has secured orders worth Rs 12.26 billion on both domestic and international market," the engineering and construction major said in a BSE filing.

The Indian contingent has begun their quest to win at the Gold Coast Commonwealth Games in Australia. The multi-sport extravaganza began on Wednesday with the opening ceremony in the Australian city known for its sandy beaches and surfing spots.

Indian weightlifter P Gururaja won the first silver medal for the nation at the 21st Commonwealth Games in the 56 kg category.

Mumbai: In her eight years and 10 months at the helm of Axis Bank Ltd, Shikha Sharma has managed to change the private sector bank’s image as a corporate lender by expanding its retail base, besides making key acquisitions.

After spending nearly three decades at ICICI Group across the bank, investment banking and insurance arm, Sharma took over as Axis Bank’s managing director and chief executive officer (CEO) in June 2009.

Last month, this column pointed out that National Stock Exchange Ltd’s valuation has risen 2.5 times in less than two years. Among other things, investors were enthused about the double-digit growth at the company, despite its high base.

Some of that excitement may dissipate after Securities and Exchange Board of India’s (Sebi) latest interventions in the markets.

Coal India Ltd (CIL) has put in abeyance implementation of its new coal pricing methodology “till further advice” after customers pointed out that the new regime should be introduced only after the state-owned coal behemoth has the requisite supporting infrastructure. The company’s board, on January 8, had approved the new system, where coal was supposed to be billed on the basis of gross calorific value (GCV) from April 1. Currently, the fuel is charged on a per-tonne basis, depending on their grades.

Facebook Inc plans to revise the written policies that people agree to when they use the social network, it said on Wednesday, adding language about the protection of personal data as it prepares to comply with a strict new European law. The world’s largest social media company has been hammered by investors and faces anger from users, advertisers and lawmakers after a series of scandals about fake news stories, election-meddling and privacy.

Taking its expansion plan in the fast lane after infusion of Rs 29 billion from SoftBank, Paytm Mall, the e-commerce company of Vijay Shekhar Sharma-led One97 Communications, is eyeing $9 billion in gross merchandise value (GMV) by the end of this year.

The company plans to double the number of products on the platform and increase the number of sellers. “The idea is to double down on the plan that we had in terms of the online to offline strategy.

ICICI Bank and its management run the risk of a class action suit in the United States of America (USA) if charges of wrongdoing in giving loans are established, according to US broking entity Jefferies.

Indian investigative agencies are probing alleged links between the bank's chief executive officer, Chanda Kochhar, and the Videocon group.

Car market leader Maruti Suzuki India is creating a dedicated business model in a bid to tap into the institutional customers better, said people aware of company's plans. As part of the plan, the local arm of the Japanese car maker plans to set up a separate sales channel and provide a complete end-to-end solution ranging from sales and service to insurance and finance, said one of the persons.

Tech giant Microsoft today said it will invest USD 5 billion over the next four years on Internet of Things (IoT) globally.

Microsoft, in a statement, said this increased investment will support continued research and innovation in IoT.

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