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NEW DELHI: Construction and engineering major Larsen & Toubro’s (L&T) subsidiary Electrical and Gulf Projects Operating Company has bagged orders worth Rs.2,503 crore for transmission, substation and railway construction projects during the third quarter of 2010-11. “Electrical & Gulf Projects Operating... 

Equity benchmarks closed last session of the year 2010 on a positive note, led by support from financial, Anil Dhirubhai Ambani Group, realty, telecom, auto, select metal and power companies’ shares. Reliance Industries and HUL also led the support. The Sensex gained for third consecutive day today and settled above 20,500... 

The BSE Sensex on Friday looked set to close the year strongly with investors upbeat about 2011 as well, but high inflation and the health of the US and European economies will be key concerns. The main 30-share main BSE index has climbed more than 17% so far this year, on the back of record foreign fund inflows of USD 28.7... 

A few weeks after the Niira Radia tapes became public former BPL honcho and member of Rajya Sabha, Rajeev Chandrasekhar, fired a salvo at Ratan Tata. The Tata Group chairman seemed very offended by the accusations, took them personally and responded to what was written. Rajeev fired yet another letter. This time Tata decided... 

Larsen & Toubro inched up 0.63% at Rs 1967.90 at 11:50 IST on BSE after the company said its construction division won orders worth Rs 1164 crore. The company announced the order win during trading hours today, 30 December 2010. Meanwhile, the BSE Sensex was up 65.68 points, or 0.32%, to 20,321.71. On BSE, 36,000 shares... 

Bangalore-based mid-sized IT firm MindTree has completed the restructuring to convert the wireless products business of its wholly-owned subsidiary MindTree Wireless Pvt Ltd into a design services business. The restructuring will entail costs of $3.6-3.9 million (significantly less than original estimates of $12-14 million)... 

The country’s mobile handsets market recorded a growth of 3.6% to touch 40.08 million units in the third quarter ended September 30, 2010, as compared to the second quarter ended June 30, 2010, according to IDC India. The year 2010 is expected to end with total mobile handset sales of 155.9 million units. The sales in smartphones... 

In contrast to handsome gains made in the primary market, nearly two-third of the 69 companies listed on bourses during 2010 are trading below their issue prices, resulting into negative returns for investors. An analysis of the BSE-listed companies shows that as many as 44 out of the 69 stocks are trading below their issue... 

NEW DELHI: Retail giant Carrefour today announced its entry into the Indian market by opening its first cash and carry store for wholesale distribution. The new store — Carrefour Wholesale Cash&Carry — in New Delhi will house over 10,000 stock keeping units and cater to professional businesses, institutions,... 

At 13.11 hrs IST, the Nifty was hovering around 6070 mark ahead of expiry today. It was a quiet session for the markets as Nifty was trading in a narrow band of 20 points. Buying was seen in consumer durables, IT and FMCG stocks. BSE Midcap and Smallcap indices were trading flat. The Sensex was up 85.46 points or 0.42% at 20341.49,...