The engineering and construction major L&T plans to achieve a revenue of Rs 2 lakh crores ($30 billion at current exchange rates) and order inflow in excess of Rs 2.5 lakh crores per annum by 2021. This is to be done without compromising on its margins. While releasing the five-year strategic plan at the 71st annual general meeting here today, the company CMD AM Naik said the theme is "Technology Leadership" and it is at the heart of the new L&T.

MUMBAI: The benchmark BSE Sensex recovered by nearly 85 points and the Nifty reclaimed 8,600-mark in early trade on Friday on fresh buying by investors as the September derivative contracts started on a solid note amid mixed Asian cues.

However, investors have been cautious for the past few sessions awaiting US Federal Reserve Chair Janet Yellen's speech on Friday that will give indication about the US rate hikes going ahead.

Wipro shares hit their fresh 52-week low of Rs 613 in Friday’s trade on the Bombay Stock Exchange. According to Thomson Reuters data, a block deal of 1.73 lakh shares changed hands at Rs 500.30 on the BSE on Friday. At 3.00 pm, shares of Wipro were trading 2.91 per cent down at Rs 490.40. The scrip opened the day at Rs 504.90 and has touched a high and low of Rs 506.35 and Rs 488, respectively, in trade so far. Benchmark Sensex was trading 59.72 points down at 27,776.19.

Seeking to assure the company’s employees, Infosys CEO Vishal Sikka has said that the IT major is “not doing any layoffs”. Speaking at the Infosys’ analysts meet, Sikka said he hopes to see a decrease in attrition in the high-performance segment. “Every employee at Infosys is valuable. There is no involuntary attrition.” Sikka’s comments come in the backdrop of buzz that mute Q1 results and the loss of RBS contract has led to around 500 people suffering job losses at the IT major.

Dispatch of coal by CIL to the power sector went up 1.1 per cent to 131.1 million tonnes (MT) in the April-July period of this fiscal even as the PSU workers announced to go on a nationwide day-long strike next week.

The dispatch by Coal India (CIL) in the corresponding period of last financial year was 129.6 MT, according to official data.

Mahindra & Mahindra today announced the launch of DiGiSense, a technology solution that connects M&M vehicles, tractors, trucks and construction equipment to the cloud.

The new technology that is digitally enabled sending will be available across Mahindra breadth of mobility products from commercial and passenger vehicles to tractors and construction equipments.

Tata Motors has carried out raids in 19 locations across the country in recent months to help curb counterfeit products, as part of its campaign against spurious spare parts that started in 2012-13.

The raids were conducted on 19 spurious Tata parts manufacturers and duplicate packaging suppliers across the country, the company said on Friday.

Hyundai Motor India Ltd (HMIL) is planning to launch two new products to strengthen its position in becoming a modern premium brand. A modern premium brand is positioned in between the mass market and premium market.

The company has lined up four products to achieve this vision, of which two are already launched. Y K Koo, managing director and CEO, HMIL said that the products in the pipeline includes Tuscan, a SUV, which will be launched by October or November.

State-owned lenders State Bank of India (SBI) and Punjab National Bank (PNB) are on a drive to auction properties to recover dues.

SBI is holding a mega e-auction where it would sell a record 1,107 properties online on September 7. The properties carry a reserve price of Rs 2,500 crore.

Bangkok: One Thai person was killed and 30 wounded when two bombs exploded late on Tuesday near a hotel in the southern Thai coastal town of Pattani, police said, less than two weeks after a series of unexplained blasts hit the south.

The first blast in a parking lot behind the Southern Hotel caused no casualties, Police Lieutenant Colonel Winyu Tiamraj told Reuters on Wednesday. All the casualties were Thais.

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