L&T has bagged new orders totaling Rs. 1,577 crore in September 2014. Of this, the Buildings & Factories business received an order for Rs. 1,231 crore from a private developer for the construction of two residential towers in Mumbai.
Crompton Greaves is selected by eRDF-Électricité Réseau Distribution France as one of the six suppliers to manufacture the first three million of its new generation Linky smart meters.
IFCI Ltd plans to raise up to Rs 2,000 crore through bonds with over 10-year maturity to finance medium and long term projects.
United Spirits Ltd will sell 11.35% stake in Pioneer Distilleries Ltd to comply with regulatory requirements of having 25% public shareholding.
After an extremely range bound movement, the markets ended the session on a higher note. Fall in global crude oil and industrial metal prices triggered a strong intraday rebound on the domestic bourses at the onset of the week. Shares of state-run upstream oil and gas companies rose on hopes subsidy burden of these companies could fall along with fall in global crude oil prices. Stocks, from the pack of Jewellery making gained on hopes of increased demand during upcoming festive season as fall in gold prices could lure customers for more purchases. The BSE Mid-Cap and Small-Cap indices underperformed and outperformed the Sensex respectively.