MUMBAI: Life Insurance Corporation of India hiked its stake to 9.98 per cent in state-run GAIL through open-market transaction as well as bonus allotment. In a disclosure on the Bombay Stock Exchange , Gail India said LIC has purchased over 5.92 crore shares representing two per cent stak…

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Chennai-based BGR Energy Systems Ltd (BGR Energy’s) oil and gas equipment division has won a contract worth $8.57 million from Iraq, to design, manufacture and supply 14 floating- and fixed-roof steel storage tanks.The company had bagged the order from State Company of Oil Projects …

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Engineering major Larsen & Toubro today said it has bagged three orders worth Rs 1,438 crore from different agencies for power infrastructure-related works.In a filing to the Bombay Stock Exchange, L&T said it has secured a Rs 800-crore order from Al Ain Distribution Co for the …

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Oil and gas equipment division of Chennai based BGR Energy Systems has won contracts worth $8.57 million in Iraq.The contract is for design, manufacture and supply of 14 floating and fixed roof steel storage tanks from State Company of Oil Projects(SCOP), the company said in a press relea…

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Power and automation major ABB on Friday appointed Gary Steel as the chairman of the Board of Directors of ABB India. Steel who is now the Head of Human Resources and member of the Group of Executive Committee, ABB Group will be an executive chairman of ABB India and will be located in Zu…

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Mumbai: Larsen and Toubro on Friday said it would soon take a decision on bidding for Satyam Computer Services after studying the CLB order. “(The) CLB order has come only at night, we are studying it. We hope to complete it (the study) by tonight and we will take a decision over th…

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Indian ADRs: Satyam down 7%, Infosys down 2%, ICICI Bank down 1%, Wipro up 1% Another stimulus package possible: Pranab Mukherjee SEBI to amend norms on pricing of preferential issue: BL. …

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Electrical equipment maker Areva T&D India today said it has bagged an order for equipment for the 765 kV substation of Lanco Infratech at Uttar Pradesh for an undisclosed amount.In a filing to the Bombay Stock Exchange, the company said it has bagged the first private sector 765 kV …

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MUMBAI: In an extended choppy trade, Indian markets managed to close in positive terrain Thursday on the back of positive cues from the global markets. National Stock Exchange’s 50-share Nifty closed the day 0.48 per cent higher at 2789.35. However, the F&O turnover dropped 25 …

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The benchmark indices are trading marginally higher amid volatility. Oil & gas exploration, technology, power and auto stocks, HDFC and HDFC Bank are supporting the markets. However, the downtrend continues in HUL, SAIL, ICICI Bank, L&T, BHEL, SBI, ABB, Hindalco and ACC. Broader…

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