Mutual Funds
MFs underperform their benchmark indices

Standard & Poor’s (S&P) has said that a majority of actively managed Indian equity mutual funds...

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Mutual Funds: IDFC balanced fund

IDFC Mutual Fund plans to launch an open-end balanced fund—IDFC Balanced Fund—according to an...

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L&T Construction has secured new orders valued over Rs1,140 crore

L&T Oman LLC has bagged a new order worth Rs170 crore from Oman Electricity Transmission Co. 

L&T Construction has secured new orders valued over Rs1,140 crore across various business segments in March 2012.

The company’s building & factories IC has secured a major order worth Rs970 crore for the design and construction of a large IT campus facility in Kolkata from a reputed customer. This project will be executed on a JV model along with Shapoorji & Pallonji Co (SPCL) within a period of 32 months.

In yet another development L&T Oman LLC has bagged  a new order worth Rs170 crore from Oman Electricity Transmission Co for replacing portions of the existing 220 & 132 kV OHL  from Mawaleh to Seeb GS to be completed within a period of 15 months.

In the late afternoon, Larsen & Toubro was trading at around Rs1,365.40 per share on the Bombay Stock Exchange, 2.1% down from the previous close.

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