Infrastructure firm Larsen & Toubro (L&T) said Tuesday its construction arm has bagged orders worth Rs 1,672 crore across various business verticals.

The company's construction arm "has won orders worth Rs 1,672 crore", it said in a BSE filing.

Hyundai Motor India, the country’s largest auto exporter and the second largest car manufacturer, has said ITA SUV Creta touched 1 lakh bookings, 5 lakh enquiries and 56,000 units delivered.

This was achieved in eight months time since its World Premiere in India on July 23, 2015.

NEW DELHI: Coal India's measures to prevent theft by electronically "fencing" mining areas and fitting trucks with a GPS-based tracking system will be finished by the end of April, a government official said.

As much as a fifth of the state-run company's annual output is stolen, costing it up to $1 billion each year and feeding a huge black market in the fuel.

Mumbai: The Securities and Exchange Board of India, or Sebi, on Monday suggested two ways to clear ambiguities in the definition of “control” in a listed firm, a move primarily aimed at making mergers and acquisitions smoother and free of legal hassles.

The market regulator proposed in a discussion paper that to make the definition of “control” clearer, one of the options could be to amend the framework of protective rights and exclude certain business decisions by an entity in the listed firm from the ambit of “control” definition.

Wipro Ltd’s chief executive officer (CEO) Abidali Neemuchwala has set an ambitious revenue growth target of 12-14% for fiscal 2017, according to two executives familiar with the matter.

That is more than three times the growth at India’s third largest software services exporter in the current year.

With improvement in its financial health on the back of lower jet fuel prices and increased aircraft utilisation, Air India is planning to expand its operations, both in the international and domestic network.

A senior official of the airline told FE that a direct flight between Washington and New Delhi will start by July, while a new flight to London – Delhi and Ahmedabad is also on the verge of starting operations to utilise the fourth slot at the Heathrow airport.

State-run oil companies including ONGC Videsh (OVL), Indian Oil Corporation (IOC), Oil India (OIL) and Bharat PetroResources (BPRL) are set to clinch deals worth $2 billion with Russia’s Rosneft on Wednesday for acquiring hydrocarbon assets. Rosneft’s chief executive Igor Sechin will arrive in New Delhi Tuesday afternoon for this purpose.

In one of the deals, IOC, OIL and BPRL would acquire up to 30% stake in the Taas-Yuryakh oil and gas fields in East Siberia, an official privy to the development told FE.

The Kotak Mahindra Group and Canada Pension Plan Investment Board (CPPIB) on Monday announced a $525-million fund, joining the growing tribe of stressed assets players in India. Senior executives said the fund, to be called Kotak Special Situations Credit Fund, would have a mandate to invest in bank non-performing assets (NPAs) as well as structured debt extended to companies directly.

The BSNL board has formally approved signing of an intra-circle roaming (ICR) pact with Reliance Jio Infocomm across all 22 circles.

A top BSNL official said the two companies will start working on the agreed ICR arrangements and are expected to close the deal in a month’s time.

The benchmark BSE Sensex fell nearly 76 points in early trade on profit-booking by investors in recent gainers, even as retail inflation fell to a three-month low in February.

At 1011 hours, the Sensex was trading down 75.97 points slightly higher than its early morning level or 0.31% at 24,728.31 on the stock exchange. In the early morning trade, the 30-share barometer, which gained 180.94 points in the past two sessions, was trading down 60.95 points or 0.25% at 24,743.33 with healthcare, FMCG, power, oil and gas and metal sector stocks leading the losses.

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