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Benchmark equity indices Sensex and Nifty ended higher on Thursday after recovering from sharp early losses, supported by buying in heavyweight Larsen & Toubro and optimism following the Economic Survey’s growth outlook for the next financial year.The 30-share BSE Sensex rose 221.69 points, or 0.27 per cent, to close at 82,566.37. The index had slipped…
Saudi Arabia’s Metro Boom Gets an Indian Boost as L&T Joins Billion Dollar Riyadh Red Line Project Saudi Arabia’s Royal Commission for Riyadh City (RCRC) has officially awarded the contract to expand the Red Line of the Riyadh Metro, adding a major new dimension to the Kingdom’s rapidly evolving public transport network. The expansion will…
Mumbai: Larsen & Toubro will transfer its real estate business to L&T Realty Properties, a wholly owned subsidiary of the company, for Rs 6,297 crore as part of a restructuring effort. The decision was made at the Monday board meeting held in Muscat, Oman. The real estate business generated revenue of Rs 641 crore during…
