NEW DELHI: India’s largest engineering and construction company, Larsen & Toubro (L&T), along with its peers has taken a big knock from the Covid-19 lockdown as work in all projects came to a grinding halt. But once India emerges out of the lockdown, the company is likely to be one of fastest gainers, say analysts. The company managed to bag multiple ‘large’ and ‘significant’ domestic and international contracts in the past one month, which has substantially fattened its order book. Among these include large orders from the Indian Army, IndianOil and the Karnataka government while several significant orders from BHEL, Hindalco, UP government and many others in various fields of engineering. As a general practice, the company does not provide the exact size of the contract, but give a price bracket. ‘Large’ contracts are valued between Rs 2,500 crore and Rs 5,000 crore and ‘significant; contracts are valued between Rs 1,000 … [Read more...] about Market is betting on this EPC player to see fastest revival post-lockdown
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According to market researcher TraQline, LG's U.S. market share was 17.2 percent last year, behind market leader Samsung (19.2 percent). Together the two Korean giants ruled the market for premium washing machines costing more than US$900 with a 27 percent market share each. … [Read more...] about LG Opens Washing-Machine Plant in Tennessee
The plant will have the capacity to produce one million washing machines a year, primarily for the North American market, where the company has so far exported washing machines made in Korea and other Asian nations. … [Read more...] about LG to Build Washing Machine Plant in U.S.
Financial markets will remain closed on Tuesday for Muharram. FIIs remained net sellers in the capital market, pulling out Rs 188.08 crore on Monday, according to provisional exchange data. FPIs pull out Rs 1,263 crore in first week of September despite surcharge reversal … [Read more...] about FM Nirmala Sitharaman to release report card on first 100 days of Modi 2.0
“We must have transparency. Why is it that China shut off infected people from Wuhan to all other parts of China? It went nowhere else; it didn’t go to Beijing, it went nowhere else, but they allowed them to freely travel throughout the world, including Europe and the United States. The death and destruction caused by this is incalculable,” he said. … [Read more...] about ‘World needs answers’: Donald Trump renews attack on China over Covid-19 pandemic