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17 August, 2018 1:00 PM Supertech to invest Rs 800 crore this fiscal on construction; to deliver 10,000 flats in FY'19

Noida-based firm is also eyeing its sales booking to rise to Rs 3,000 crore during 2018-19 fiscal. Realty firm Supertech will invest about Rs 800 crore this fiscal year on construction of various projects to achieve targeted delivery of 10,000 flats, a top company official said today. Noida-based firm is also eyeing its sales booking to rise to Rs 3,000 crore 36

13 August, 2018 6:41 AM L&T gains 1% on EPC order win worth Rs 3,028cr

Shares of Larsen & Toubro (L&T) added 1 percent intraday Monday as company received order worth Rs 3,028 crore. L&T Construction's buildings & factories business has bagged an EPC order worth Rs 3,028 crore from GMR Hyderabad International Airport (GHIAL). The scope of work includes execution and implementation of engineering, procurement and construction 33

8 August, 2018 4:19 AM Inox Wind rises 10% as company turned profitable in Q1

Share price of Inox Wind rose 10 percent in the early trade on Wednesday as company turned profitable in the quarter ended June 2018. The company has registered net profit of Rs 10.37 crore in Q1FY19 versus loss of Rs 39.02 crore in the same quarter last fiscal. Its EBITDA profit was at Rs 70 crore as compared to EBITDA loss of Rs 13 crore. Devansh Jain, Executive 85

6 August, 2018 7:26 AM In A Rare Breakthrough, Saudi Arabia Grants Entry To Iranian Diplomat

Saudi Arabia has agreed to admit an Iranian diplomat to head an office representing Iranian interests in the kingdom, the official Iranian news agency IRNA reported on Sunday, in a rare move after the rivals broke off relations in 2016. "An informed diplomatic source said Sunday that Saudi Arabia had agreed to grant a visa to the head ... of Iran's interests 44

2 August, 2018 6:59 PM Women's Hockey World Cup: Indian Women Lose To Ireland In Quarter-Finals Via Shoot Off

Poor execution in shoot-off cost India dearly. The only time India had managed to enter the semi-finals of the show-piece event was back in 1974 in Mandelieu, France where they eventually finished fourth. Interestingly, it was India's second defeat to world no. 16 Ireland in the tournament after the 0-1 loss at the pool stages. It was even-stevens in the first 26

19 July, 2018 4:22 PM Acquisition not to trigger open offer if cash is less than 25% of total consideration: Sebi

An acquisition following a scheme of arrangement not involving the target company would be exempt from open offer obligation in case the cash and its equivalent is less than 25 percent of the total consideration paid in the scheme, according to Sebi. Besides, the open offer obligation would also not be triggered if after the implementation of the scheme 45

17 July, 2018 4:03 AM Changes in truck axle norms likely to weigh on Ashok Leyland, Tata Motors: Brokerages

Most brokerage firms expect the move to impact demand for newer vehicles and remain an overhang on Ashok Leyland and Tata Motors in the short term till clarity emerges Commercial vehicle makers such as Ashok Leyland and Tata Motors dropped 4-5 percent each after media reports suggests that the government is expected to hike axle load capacity for medium 46

16 July, 2018 1:30 PM Punjab govt releases Rs 469 cr for schemes and development projects

The Punjab government today released Rs 469 crore towards pending payments for various schemes and development projects, besides clearing the entire pendency of VAT/GST refunds, an official said. The funds released today relate to the Local Government and Education departments, as well as the pending social security pensions. Disclosing this, a spokesperson 39

9 July, 2018 6:56 AM Q1FY19 preview: Elara Capital expects revenue to grow by 15% for capital goods

"The highest revenue growth is expected in Havells India at 30 percent, followed by Thermax (20 percent) and BEML (18 percent), Elara Capital said in report. In the upcoming Q1FY19 earning session, Elara Capital is expecting revenue of the capital goods companies under coverage is likely to grow by 15 percent. The healthy opening orderbook, better execution 45

7 July, 2018 7:54 AM Iran executes 8 over 2017 Islamic State attack on Tehran

Iran said today it executed eight people convicted in the 2017 Islamic State group attack on parliament and the shrine of Ayatollah Ruhollah Khomeini in Tehran. The June 7, 2017 attack has so far been the only assault by the Sunni extremists inside of Shiite Iran, which has been deeply involved in the wars in Iraq and Syria where the militants once held vast territory 54