L&T hopeful of a recovery in the second half
The management believes that the current fiscal will play out pretty much like the last, which saw a sudden pick-up in investment in the second half.
larsen and toubro
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This decade will mirror the ’90s: Kenneth Andrade
The veteran of the investment industry argues that this decade will witness an export-led growth. And while IT and pharma would rule the economy, other smaller industries, too, will jostle to rise up.
Infrastructure: The see-saw story
As spending by the public sector in infra is set to slow down, the government has to look for means to attract private and foreign capital. Some steps have been taken, but will they be enough?
What L&T’s results tell us about India’s infra sector
As if slowing economic growth wasn’t enough, other factors like pollution, a change of government in a state, and legal challenges to projects are further hurting infrastructure growth.
L&T Q1 net profit up 20%
The engineering major retained its guidance for order inflow and sales growth but expects private sector capex to stay subdued in the near term.
Mindtree board says no to share buyback
L&T says open offer for Mindtree to start on May 14 at a price of ₹980 a share.
Fortune India 500: The pay cheque is growing
India Inc’s top executives and directors are getting paid higher than ever. In 2017-18, remunerations of the highest paid 50 executives on the Fortune India 500 list grew 50%.
L&T posts robust Q2 results, profit rises 23%
The construction and engineering major beat street expectations to report a ₹2,230 crore profit in the quarter ended September.
Number crunch
Faced with a dearth of engineers, core sector industries are desperately trying to woo and train talent.
L&T forecasts poor order growth, profits jump
Engineering and infrastructure major Larsen and Toubro reported a big jump in net profits powered by its development and hydrocarbon businesses. The company expects a tepid order book growth.
