L&T Hydrocarbon Engineering bags over Rs 7,000 crore order from Saudi Aramco

The company specified that as per its classification, the mega project is in the range of over Rs 7,000 crore.25 AM ISTBCCL"This award is received by the consortium of LTHE with EMAS AMC (A Subsea7 company)," L&T stated in a BSE filing.

Grant Thornton submits forensic audit to IL&FS management

The Uday Kotak-led board of the group had appointed Grant Thornton to conduct forensic audit.52 PM ISTAgenciesThe mandate is to audit the role of the credit rating agencies and ascertain whether there were any possible wrong-doings in rating IL&FS group companies during 2008-2018 period.

IBM Lands AT&T as Client in Cloud Deal

The terms weren’t disclosed, but IBM said the multiyear deal is worth billions of dollars.The IBM cloud competes with larger rivals such as


BSR & Associates quits as IL&FS Engineering's auditor

51 PM ISTGetty ImagesThe audit firm is under the scanner of the Ministry of Corporate Affairs pertaining to its supposed role in cover-up of the "wrong-doings" in IL&FS.NEW DELHI: Nearly a month after resigning as the statutory auditors of IL&FS Financial Services (IFIN), BSR & Associates, a KPMG arm, has relinquished its position as one of the auditors of IL&FS Engineering and Construction Company with immediate effect.

The Coca-Cola Company: Coca-Cola India & South West Asia announces changes to its leadership team

BENGALURU: Beverage company Coca-Cola India & South West Asia has announced changes to its leadership team, said a statement issued today.It also reinforces our commitment towards investing in talent development,” said T Krishnakumar, president, Coca-Cola India & South West Asia.

IFIN ex-CEO Bawa says LIC didn’t back Piramal’s IL&FS bid

Also uncovered are what appear to be attempts by the top IL&FS management to influence credit ratings.The shock IL&FS defaults in September last year had triggered a liquidity crisis.

IL&FS: Three IL&FS group companies to service Rs 3,300 crore debt

NEW DELHI: Three group entities of debt-laden Infrastructure Leasing and Financial Services with outstanding loans of about `3,300 crore are set to begin servicing them after lenders and IL&FS reached agreements to restructure debt, according to submissions before an appellate tribunal.A two-member NCLAT bench led by Justice SJ Mukhopadhaya, however, asked the IL&FS counsel how the group planned to resolve the debt of 82 other domestic group entities — a total of Rs 61,375 crore.

RBI's reports never mentioned possible IL&FS crisis: Arvind Subramanian

The IL&FS crisis had contagious effect on the NBFC sector as liquidity started drying up for them.We had some massive failures like Infrastructure Leasing & Financial Services (IL&FS).

L&T bags 'significant' orders across various business segments

Stock Analysis, IPO, Mutual Funds, Bonds & MoreThe orders fall under "significant" category which ranges between Rs 1,000 crore and Rs 2,500 crore.46 AM ISTReutersL&T said its power transmission and distribution business has secured orders for multiple clients in the domestic and international markets.

Survive AMP & Facebook Instant Articles

Good news for impatient users: with Google's Accelerated Mobile Pages (AMP) and Facebook Instant Articles, you can now access news on mobile in milliseconds.The first to adopt Google AMP's and Facebook Instant's systems will be privileged in terms of views.

AT&T Cuts Ad Sales Staff at WarnerMedia Unit

The layoffs are focused on ad sales but don’t stop there, as AT&T continues to eliminate redundancies created when it merged most of Time Warner’s HBO and Turner businesses into WarnerMedia.Donna Speciale, WarnerMedia’s top ad sales executive, is among those leaving the company.

PG&E Knew for Years Its Lines Could Spark Wildfires, and Didn’t Fix Them


A PG&E transmission line running through a forest damaged by last year’s deadly Camp Fire.Max Whittaker for The Wall Street Journal

WSJ Investigation

Documents obtained by The Wall Street Journal show that the utility has long been aware that parts of its 18,500-mile transmission system were dangerously outdated

A PG&E transmission line running through a forest damaged by last year’s deadly Camp Fire.

P&G CIO Says He Wants to Hire More Women Coders

Javier Polit, the CIO of Procter & Gamble Co.P&G CIO Javier Polit


Procter & Gamble Co.

Beauty & wellness business has market potential of Rs 80,000 crore in India: Skills development minister

18 PM ISTBCCLUnder the Skill India Mission, nearly one crore youth are being presently imparted skills training annually.Skills development minister Mahendra Nath Pandey Tuesday said beauty and wellness business in India has a market potential of Rs 80,000 crore and can provide employment opportunities to lakhs of people.

Bhushan Power & Steel Ltd: PNB reports over Rs 3,805 crore fraud by Bhushan Power & Steel Ltd

15 core has been reported by the bank to RBI, Punjab National Bank said.55 PM ISTAgenciesPNB said its domestic exposure to Bhushan Power & Steel Ltd (BPSL) stood at Rs 3,191.

Jio: Jio launches prepaid plan for Amarnath Yatra in J&K circle

Stock Analysis, IPO, Mutual Funds, Bonds & MoreThe plan can be availed at various Jio retailers in J&K and is available for the entire duration of Amarnath Yatra.Reliance Jio Infocomm (Jio) has rolled out prepaid plans in Jammu & Kashmir circle for pilgrims heading Amarnath.

Pratt & Whitney Creating 100 Jobs In Oklahoma Expansion

(Photo: Oklahoma Department of Commerce)“Pratt & Whitney has a long-standing partnership with Oklahoma City and the State of Oklahoma,” said Kevin Kirkpatrick, Pratt & Whitney’s vice president for military engines sustainment operations.Department of Defense, Oklahoma is a natural fit for companies like Pratt & Whitney.

Private lenders charge higher interest, want realtors & businesses to fulfil tougher conditions

MUMBAI: Away from high-street banks, fund houses and finance companies, ultra high net worth lenders in the opaque private loan market are imposing tricky conditions on distressed developers, manufacturers and businessmen desperately looking for a lifeline.These borrowers are now turning to private lenders who are tempted by higher returns but are cautious enough to take measures to secure their exposure.

M&M invests Rs 60 cr in digital marketing infra in last 3 yrs

Called the 'World of SUVs', the company has set up over 300 such centres, including 100 'showroom within showroom' in the past six monthsPTI|Jun 28, 2019, 07.52 PM ISTAgenciesThese centres help the company's engagement in the pre-purchase and purchase stages by integrating a virtual world at its showrooms.

Cox & Kings defaults on payments of Rs 150 crore

The company was required to pay Rs 200 crore, however Cox & Kings was able to pay only Rs 50 crore.59 AM ISTOthersThe company is working towards plans to make good its obligations, it said in a statement.