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India  /  Published 05.01.21

Tax inquiry at Zee offices

The income tax department had a busy day on Monday, knocking on the doors of Zee Group, Larsen & Toubro and Robert Vadra. The tax officers called on the offices of the two companies apparently fo...
By Our Special Correspondent in New Delhi

Business  /  Published 05.01.21

Metal players see revival

Producers of metals are expected to report a rebound in earnings in 2021-22 in sync with the surge in global steel capacity utilisation which is projected to hit a decade high of 81-82 per cent with i...
By Our Special Correspondent in New Delhi

Business  /  Published 28.12.20

L&T to hire 1100 engineers

Engineering and construction conglomerate Larsen & Toubro (L&T) is looking to recruit around 1,100 graduate and post graduate engineer trainees in 2021 and deploy them across various business ...
By PTI in New Delhi

Business  /  Published 03.12.20

Larsen & Toubro sells UK unit

Larsen & Toubro (L&T) is divesting its UK unit Servowatch Systems to Rolls-Royce for a consideration of around Rs 89 crore. L&T on Wednesday said through its wholly owned subsidiary, Lars...
By Our Special Correspondent in Mumbai

Business  /  Published 29.10.20

L&T special dividend Rs 18

Engineering & construction major Larsen & Toubro (L&T) on Wednesday declared a special dividend of Rs 18 per share as it looked to distribute a part of the proceeds from the Schneider Elec...
By Our Special Correspondent in Mumbai

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Business  /  Published 23.07.20

Covid impact: L&T net profit down 79%

Net profits at Larsen & Toubro slumped 79 per cent for the quarter ended June 30, 2020 as orders took a beating and industrial activity was affected by the lockdown. The conglomerate reported a c...
By Our Special Correspondent in Mumbai

Business  /  Published 22.07.20

L&T key officials take voluntary pay cuts

Key officials of Larsen & Toubro have taken a voluntary pay cut of up to 53 per cent, including a 24.19 per cent salary cut by group chairman A.M. Naik, according to the company’s annual rep...
By Our Bureau in New Delhi

Jharkhand  /  Published 17.07.20

Dhanbad water scheme not ready yet

More than 10 years later and even after several deadlines, Dhanbad water supply scheme is yet to be completed in the district. Jharkhand drinking water and sanitation department (DWSD), which is exec...
By Our Correspondent in Dhanbad

Business  /  Published 16.07.20

Mindtree founders look to exit

The founders of Mindtree are reportedly planning to sell their stake in the IT services firm. Last year, Larsen & Toubro had acquired a majority control over the Bangalore-based company and it cur...
By Our Special Correspondent in Mumbai

Business  /  Published 05.06.20

Larsen profit drops 6%

Engineering and construction major Larsen & Toubro (L&T) has recorded a 6 per cent fall in consolidated net profit for the March quarter of 2020.L&T posted a net profit of Rs 3,197.07 cror...
By Our Special Correspondent in Mumbai


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