Tuesday, 17 May, 2022
TopicLarsen and Toubro

Topic: Larsen and Toubro

HSBC buys L&T’s investment management unit for Rs 3,200 crore

The latest push comes as HSBC looks to build up the Asian wealth and investment business that is at the forefront of the bank’s turnaround plans.

Larsen & Toubro plans to go water-neutral by 2035, carbon-neutral by 2040

L&T is in the process of developing a sustainability roadmap for the five years starting 2021-22, the company said in a report on sustainable goals.

L&T delivers last K9 Vajra howitzer to Army, firm in talks with DRDO to convert it into tank

Indian Army is internally looking at the possibility and practicality of having a light tank, which could come handy in situations similar to Ladakh stand-off.

Govt clears Rs 48,000-cr deal for 83 Tejas fighters — all you want to know about the aircraft

New aircraft comes with 4 major capability enhancements — mid-air refuelling, Active Electronically Scanned Array Radar, Electronic Warfare suite & Beyond Visual Range missile.

L&T lowest bidder for 88-km viaduct of bullet train project, set to get Rs 7289-cr contract

New Delhi: Infrastructure giant Larsen & Toubro has emerged as the lowest bidder for the design and construction of an 88-km stretch of viaduct...

Larsen & Toubro Infotech accused of bias against non-South Asians in US

Larsen & Toubro is accused of submitting fraudulent letters with visa applications to maximise the number of South Asians it hires in the US.

L&T’s $1.6 billion hostile acquisition plan faces criticism from takeover target

Software developer Mindtree said Larsen & Turbos' hostile bid was jeopardising its company's success and could have damaging consequences for the business.

Padma Vibhushan for AM Naik who fought Ambani and Birla to lead L&T’s defence strides

From indigenous nuclear submarine Arihant to K9 Vajra guns, L&T, under chairman Naik, who joined firm as junior engineer, is now betting big on defence.

India’s infrastructure could use a dose of ironclad resolve that got Statue of Unity done

Larsen & Toubro Ltd. took less than three years to erect the statue. By comparison, China needed 11 years to construct its Buddha.

Make in India priority for Sitharaman, first challenge is Ambani vs L&T

New defence minister Nirmala Sitharaman to take crucial call on Rs 20,000 cr LPD contract; Adani vs Tata next

On Camera

YourTurn

Pakistan Prime Minister-elect Shehbaz Sharif on 7 April | Photographer: Aamir Qureshi/AFP/Getty Images via Bloomberg

The four-point plan to revive Pakistan’s economy—from land reform to real estate

Pakistan must reduce non-productive expenditures like defence. The country's political economy has been overdetermined by the imperative of 'national security'.

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

Defence

Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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