
Rakesh Jhunjhunwala raises stake in this infra stock; do you own it?
The ace investor has increased stake by 0.72% in the infrastructure company through his wife Rekha Jhunjhunwala's portfolio.
The ace investor has increased stake by 0.72% in the infrastructure company through his wife Rekha Jhunjhunwala's portfolio.
Government's bet on infrastructure is pepping up capital goods, construction, cement, metals and banking stocks.
The cautious easing of the lockdown in several states and the reverse migration of labour will make a return to normal economic activity a difficult task.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
Traditionally, the architectural, engineering and construction industry has shied away from the extensive use of technology, but remaining puritanical is no longer a choice.
The advent of Industry 4.0 is going to be accelerated as factories will struggle to find labour that was earlier easily and competitively available in a country like India.
India needs to develop professionals with advanced skills and enhance construction standards to ensure a robust real estate sector.
The construction and engineering major beat street expectations to report a ₹2,230 crore profit in the quarter ended September.
Chief financial officer R. Shankar Raman calls the segment the infrastructure heavyweight’s ‘new baby’; company sees 36% rise in net profit in Q1.
Larsen & Toubro recorded a 4.7% rise in March quarter profit on the back of higher revenues from infrastructure and hydrocarbon project orders.