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Infrastructure major Larsen & Toubro (L&T) on Wednesday said one of its verticals has bagged 'significant' projects from a reputed developer to construct residential towers. The building and factories vertical of Larsen & Toubro will construct residential towers in Mumbai, Bangalore and Chennai, L&T said in a regulatory filing. All the projects are to be executed within stringent timelines, the filing said. According to Larsen & Toubro's classification, a 'significant order' refers to a project valued between Rs 1,000 crore and Rs 2,500 crore.

M K Stalin on Wednesday proposed a Joint Action Committee comprising MPs and party representatives from southern states at an all party meeting on Lok Sabha seats delimitation here. Moving a resolution, Stalin said that in the event of increase in the number of seats in Parliament, 1971 Census should be the basis for it. Also, the 1971 Census should be basis for delimitation of LS seats for 30 years from 2026, he asserted. The all party meeting is expected to pass a resolution on the issue of delimitation. Principal opposition party AIADMK, the Congress and Left parties, actor-politician Vijay's TVK among others attended the meeting which was boycotted by the BJP, Tamil nationalist Naam Tamilar Katchi (NTK) and former union minister GK Vasan's Tamil Maanila Congress (Moopanar).

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr has resigned and will finish in the role on March 31, New Zealand's central bank said on Wednesday. «I leave the role with consumer price inflation at target, and an economy in a cyclical recovery following the long period of COVID-related disruption. The financial system remains sound,» Orr said in a statement. Deputy Governor Christian Hawkesby will be the acting governor until March 31, the statement said.

froth in valuations from the bull run is yet to recede entirely, said Jimeet Modi, founder of financial services firm Samco Group. «Even after a 20% to 25% correction in those indices, the froth remains. Five-year bull markets actually do not get unwound in five months. It will probably take at least 20% to 30% of the time of that bull market to unwind all the froth and all the excess that has been created,» he said in a press meet on Tuesday. Various other indicators pointed to the strength of large caps in the current scenario.

Sudan, traders and industry sources say, complicating Western companies' efforts to insulate their supply chains from the conflict. Sudan produces around 80% of the world's gum arabic, a natural substance harvested from acacia trees that's widely used to mix, stabilise and thicken ingredients in mass-market products including L'Oreal lipsticks and Nestle petfood. The paramilitary Rapid Support Forces (RSF), at war since April 2023 with Sudan's national army, seized control late last year of the main gum-harvesting regions of Kordofan and Darfur in western Sudan.

Nifty, opened lower on Tuesday, weighed down by index heavyweight Reliance Industries and IT stocks, tracking losses in Asian markets after former U.S. President Donald Trump reiterated that his proposed tariffs would proceed as planned. The BSE Sensex was down 386 points, or 0.53%, at 72,665, while the Nifty50 fell 145 points, or 0.66%, to 21,974 around 9:20 am.

Donald Trump's new Presidential tenure is bringing in a lot more surprises than what was in store, and latest reports say that he is now planning on dumping the anti-money laundering law altogether, which requires shell companies to disclose their owners and beneficiaries.

New Delhi: The differences between Mayawati and her nephew Akash Anand continued to play out in the open, with the latter stating on Monday that though he humbly accepts her decision, his detractors should not see this as the end of his political career, leading the former UP CM and BSP chief to expel him from the party. In a series of posts on X, Akash said, «Every decision of Mayawati is marked in stone for me. I respect every decision taken by her and stand firm by them… Her decision to relieve me from all posts is an emotional one for me but at the same time it is a big challenge.

The «misuse» of a 20-year-old foreign exchange rule, originally intended to make life easier for young Indians attending foreign universities, is believed to have drawn the attention of the Reserve Bank of India (RBI), sources told ET. In 2003, the central bank allowed students going abroad to study to be treated as 'non-resident Indians' (NRIs). The regulation was issued to primarily help students who take up jobs in a foreign land to supplement their income. Until then, they were considered 'residents'. Since 'residents' are required under the law to send their foreign earnings back home, the rule was meant to shield working students from unwittingly breaching the Foreign Exchange Management Act (FEMA) which was enforced in 2000.

Narendra Modi on Monday announced the Asiatic lion population estimation exercise in May and unveiled conservation plans for tigers, gharials and a critically endangered bird while pushing for using AI to combat forest fires and human-animal conflicts. He made a slew of announcements while chairing the seventh meeting of the National Board for Wildlife (NBWL), in his capacity as ex-officio chairperson, at Sasan in Gujarat's Junagadh district.

Nifty closed below 22,120 on Monday, extending its losing streak to nine consecutive sessions—its longest daily losing stretch since 2019—amid persistent global trade concerns that weighed on investor sentiment. The Sensex shed over 100 points, while declines in index heavyweights Reliance Industries and HDFC Bank kept a cap on gains.

Health insurance premiums have soared, causing some policyholders to reduce coverage or cancel their policies entirely. One in ten policyholders skipped renewals this financial year, ToI reported. Around 10% of policyholders experienced premium increases of 30% or more, with only half of those affected paying the full increased amount. Insurers attribute the rising premiums to a worsening claims ratio – the percentage of claims compared to total premiums collected. Health insurance premiums don't increase steadily. Instead, they jump periodically, typically every three years, to reflect rising medical treatment costs (medical inflation). Premiums also increase with age, rising more sharply in later years due to higher claims in older age groups. Data from the last decade shows that over half (52%) of policyholders saw premiums grow at a rate of 5-10% annually. This means a Rs 100 premium a decade ago would now be between Rs 162 and Rs 259. Another 38% experienced annual premium increases of 10-15%, resulting in a Rs 100 premium rising to between Rs 259 and Rs 404. A smaller percentage (3%) saw premiums increase by 15-30% annually.

Bihar on Monday tabled a Rs 3.17 lakh crore budget in the assembly, the last before the state goes to polls later this year. Presenting the budget, Deputy Chief Minister Samrat Choudhary, who holds the finance portfolio, told the House that the total size of the budget this year was «Rs 38,169 crore more compared with the last fiscal».

TCS employee Manav Sharma has reopened the debate on male domestic abuse faced by men. The 30-year-old youth from Agra was found hanging in his apartment on February 24. Before his death, Sharma had accused his wife Nikita of cheating on him, thereby necessitating him to take this drastic step. However, his wife, Nikita Sharma, has dismissed the accusations, asserting that Manav was unfairly fixated on her past. She alleged that after learning about it, he became aggressive, resorted to self-harm, and developed an alcohol dependence. Nikita also stated that she persistently urged Manav’s sister, Akansha, on the night of his passing to check on him. According to a News18 report, leaked WhatsApp conversations between the two substantiate her claims. In the messages, Akansha allegedly advised Nikita to «ignore» Manav’s calls and get some rest.

Rekha Gupta on Monday said the Delhi government will present the 'Viksit Delhi' budget for 2025-26 in the assembly between March 24 and 26. Addressing a press conference, she said the budget will be prepared after incorporating suggestions from various sections of society. «To make this a people's budget, we will meet representatives from different women's organisations on March 5 on the assembly premises. Additionally, we will hold discussions with stakeholders from the education sector and traders on March 6,» the chief minister said. She also shared an email ID and a WhatsApp number where Delhi residents can send their suggestions for the budget.

While tier 1 cities remain key hubs, the market is expanding significantly in 12 emerging tier 2-3 cities, fuelled by a consumption boom, with a major share of online purchases now originating from these regions. Government initiatives, such as the Urban Infrastructure Development Fund, which allocates ₹10,000 crore annually to enhance 459 tier 2 and 580 tier 3 cities, are further accelerating this growth.

Hyundai Motor India on Saturday said it has received a tax demand notice of Rs 15 crore from GST authorities. The automaker on February 28 received an order from Additional Commissioner, Central GST Department, Tamil Nadu, for the period FY 2020-21 and FY 2021-22 wherein a tax demand has been raised under Section 73 of Central Goods and Service Tax Act, 2017 and Tamil Nadu Goods and Services Tax Act, 2017, the company said.

Tuhin Kanta Pandey assumed charge as the 11th chairman of capital markets regulator Sebi on Saturday. Pandey, a career bureaucrat who was serving as the Finance Secretary till now, was appointed chairman of the Securities and Exchange Board of India (Sebi) by the government on Thursday. He replaces Madhabi Puri Buch, whose three-year tenure ended on Friday. Buch, who is reportedly unwell, was not present when Pandey arrived. Dressed in a dark blue blazer and a striped shirt, Pandey arrived at the Sebi headquarters in the Bandra Kurla Complex business district on Saturday afternoon.

left-arm pacer Arshdeep Singh in the Sunday's Champions Trophy game. If the Friday's practice session was an indication, then the Punjab pacer in all likelihood will replace Shami, who has recently returned to the national fold following a long injury lay-off. Arshdeep trained under the watchful eyes of bowling coach Morne Morkel, bowling 13 overs with full run-up while Shami only bowled 6-7 overs with a curtailed run-up. He was not bowling full steam. During the game against Pakistan on February 23, Shami had received treatment in his right leg from the physios just after bowling his third over of the innings.

Toyota Kirloskar Motor on Saturday said its overall sales increase 13 per cent year-on-year to 28,414 units in February. The company sold 25,220 units in February 2024. Last month, the company dispatched 26,414 units to its dealers in the domestic market. It also exported 2,000 units. «MPVs and SUVs continue to be the primary growth drivers, contributing 68 per cent to overall sales,» Toyota Kirloskar Motor Vice President, Sales-Service-Used Car Business Varinder Wadhwa said in a statement.

income tax department on Friday conducted a survey of premises linked to the Shapoorji Pallonji (SP) Group. The department's surveys often involve preliminary investigation.