L&T full year net profit up 29% on improved margins from engineering, construction
Larsen & Toubro Ltd (L&T), India's largest engineering and construction company, reported a 29% higher full year net profit, before exceptional items, on improved margins from engineering and construction segments.

For the full year to end-March, L&T's net profit, excluding the extraordinary and exceptional items, rose to Rs27.1 billion from Rs21.7 billion as total revenues,...

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NSEL unites bullion traders to start IBMA for price discovery in India
India's National Spot Exchange Ltd. (NSEL) said it has tied up with bullion associations across the country to launch Indian Bullion Market Association (IBMA), which would act as de facto association of bullion traders, mainly for price discovery on the lines of London Bullion Market Association (LBMA).

LBMA is a trade association which represents the wholesale gold and silver...

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L&T signs MoU with GE Hitachi for nuclear power plants in India
India's largest engineering company Larsen & Toubro Ltd (L&T) said it has signed a memorandum of understanding with GE Hitachi Nuclear Energy (GEH) for co-operation on advanced boiling water reactor (ABWR) and boiling water reactor (BWR) nuclear power plants in the country.

ABWR technology developed by GEH is the world's only commercially proven Generation III reactor design, with...

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