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Narendra Modi meets Mukesh Ambani, Ratan Tata, other business heads to discuss economy ahead of Union Budget
Business

Narendra Modi meets Mukesh Ambani, Ratan Tata, other business heads to discuss economy ahead of Union Budget

Ahead of the annual Union Budget presentation, Prime Minister Narendra Modi on Monday interacted with top business tycoons to discuss issues facing the economy and measures needed to boost growth and create jobs

Make in India fails to generate adequate jobs; lack of funding options force Indian firms to up imports: L&T chief AM Naik
Business

Make in India fails to generate adequate jobs; lack of funding options force Indian firms to up imports: L&T chief AM Naik

On Saturday, Defence Minister Rajnath Singh gave his nod for a panel to review defence procurement procedure in a bid to strengthen the Make in India programme.

L&T's open offer to Mindtree's shareholders stuck in limbo over Sebi norms; regulator examining conditions for bid
Business

L&T's open offer to Mindtree's shareholders stuck in limbo over Sebi norms; regulator examining conditions for bid

L&T entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32% stake in Mindtree and had also placed an order with brokers to pick up another 15% of the company shares from the open market.

L&T hikes shareholding in Mindtree to 28.45%, picks up 24.9 lakh shares
Business

L&T hikes shareholding in Mindtree to 28.45%, picks up 24.9 lakh shares

After the latest transaction, L&T's shareholding in Mindtree stands at 28.45 percent. The latest stock purchase was made at Rs 980 apiece

L&T's market capitalisation to touch Rs 3 lakh cr, revenue will reach Rs 2 lakh cr in five years: Group Chairman AM Naik
Business

L&T's market capitalisation to touch Rs 3 lakh cr, revenue will reach Rs 2 lakh cr in five years: Group Chairman AM Naik

The $20 billion diversified L&T Group has a market cap of about Rs 2.5 lakh crore at present

L&T's A M Naik says mind completely occupied with Mindtree acquisition; will make it a big firm
Business

L&T's A M Naik says mind completely occupied with Mindtree acquisition; will make it a big firm

L&T which has taken its overall holding in Mindtree to about 26%, will launch an open offer to buy additional stake in around 10 days

L&T chairman AM Naik defends Mindtree takeover bid, says was open to talks with IT services firm's founders to allay concerns
Business

L&T chairman AM Naik defends Mindtree takeover bid, says was open to talks with IT services firm's founders to allay concerns

Naik said that it was not a hostile bid and claimed that L&T has done much more for its employees than Mindtree for theirs

Mindtree spurns a dubious lover in L&T, but do not rule out an arranged marriage between them
Business

Mindtree spurns a dubious lover in L&T, but do not rule out an arranged marriage between them

Mindtree's own co-founder, Ashok Soota, had walked out of Mindtree in 2011 to start his own IT firm, Happiest Minds.

Gautam Gambhir, Kader Khan, Prabhu Deva to be awarded Padma Shri; L&T chairman AM Naik gets Padma Vibushan; list of winners
India

Gautam Gambhir, Kader Khan, Prabhu Deva to be awarded Padma Shri; L&T chairman AM Naik gets Padma Vibushan; list of winners

President of Djibouti Ismail Omar Guelleh, L&T chairman AM Naik, late journalist Kuldip Nayar, late actor Kadar Khan and cricketer Gautam Gambhir were among the 112 prominent personalities who were named on Friday for conferment of this year's Padma awards.

L&T AGM: AM Naik's move to throw out shareholders for questioning his cancer hospital project was in bad taste
Business

L&T AGM: AM Naik's move to throw out shareholders for questioning his cancer hospital project was in bad taste

Instead of calling in the marshals, AM Naik would have done well to move a special resolution

Schneider to buy L&T's electrical, automation business for Rs 14,000 cr in all-cash deal
Business

Schneider to buy L&T's electrical, automation business for Rs 14,000 cr in all-cash deal

Engineering major Larsen & Toubro (L&T) on Tuesday sold its electrical and automation (E&A) business to France giant Schneider Electric for Rs 14,000 crore

L&T's A M Naik man with great vision and is the first and 'Original Make-in-India man', says Mukesh Ambani
Business

L&T's A M Naik man with great vision and is the first and 'Original Make-in-India man', says Mukesh Ambani

L&T was “taking Brand India far beyond our shores by exporting high tech plants and systems to over 30 countries”, #AMNaik said.

Demonetisation, GST impact on economic growth: Are corporates finally speaking up on govt policies?
Business

Demonetisation, GST impact on economic growth: Are corporates finally speaking up on govt policies?

India's growth may remain stagnant for nine more months as private sector investments may not take place for at least two years, says L&T's AM Naik

L&T chairman AM Naik aims for Rs 2 lakh cr revenue target by 2021
Business

L&T chairman AM Naik aims for Rs 2 lakh cr revenue target by 2021

L&T had reported consolidated revenue of Rs 1,03,522 crore for the year ended March 31, 2016, a 12 percent over the previous year

With just a year to go, L&T chief AM Naik decides to donate 75% of his total income to philanthropy
Business

With just a year to go, L&T chief AM Naik decides to donate 75% of his total income to philanthropy

Even before the latest announcement, Naik was already into the art of giving business, and he has donated Rs 125 crore to charitable initiatives since 1995

Upbeat on IT growth, L&T to engineer services biz revenue share to 15%
Business

Upbeat on IT growth, L&T to engineer services biz revenue share to 15%

L&T's AM Naik also plans to bring down the projects portfolio to 70 percent

India is certainly not an investors' heaven yet; PM Modi has miles to go to make it one
Business

India is certainly not an investors' heaven yet; PM Modi has miles to go to make it one

One of the big reasons why India looks better and a bright spot in the world economy is because the rest of the world is slowing; not necessarily because we are doing exceedingly well.

Why govt should take note of RBI's worries over corporates and AM Naik's disappointment
Business

Why govt should take note of RBI's worries over corporates and AM Naik's disappointment

The only way out of the current deadlock for the government is to shed its obsession with fiscal deficit numbers (targeted 3.9 percent this year) and rev up public spending in a big way to trigger the big investment cycle

IIM Bill: Smriti Irani should get off the backs of IIMs, not hem them in
Business

IIM Bill: Smriti Irani should get off the backs of IIMs, not hem them in

The premier IIMs are now capable of managing themselves without government meddling or nannying. It is time to give total autonomy to the top IIMs, and not hem them in through the new IIM Bill