Business

L&T Secures Contracts for Residential Developments in Mumbai, Bangalore, and Chennai

Published

11 months ago

March 7, 2025

Larsen & Toubro (L&T) has announced its acquisition of substantial contracts for residential construction projects in Mumbai, Bangalore, and Chennai, as detailed in an official press release on Wednesday. The total value of these projects ranges from Rs 1,000 crore to Rs 2,500 crore. Additionally, L&T has received supplemental orders for its ongoing projects, according to the release.

The company’s Building & Factories (B&F) division has partnered with a well-known developer to build several luxury residential towers, underscoring L&T’s robust presence in the real estate sector. The projects will feature a variety of designs and heights across these three major metropolitan areas, as stated in the release.

In Mumbai, L&T will develop two ultra-luxurious high-rise towers, reaching heights of up to 273 meters. These towers will include a complex with three basement levels, a ground floor, seven parking levels, and 51/57 typical floors. The project in Bangalore comprises 14 luxury towers, designed with three basement levels and 27/28 typical floors. Meanwhile, the Chennai project will consist of 25 luxury towers featuring two basement levels, a ground floor, and 14 typical floors, the release noted.

These announcements follow L&T’s disclosure earlier on Monday that its Power Transmission & Distribution (PT&D) segment had secured new projects both domestically and internationally. Specifically, the company reported winning an order for the implementation of 765kV and 400kV transmission line segments linked to a renewable energy zone in Uttar Pradesh.

Furthermore, this business unit has also obtained a turnkey construction contract for a 400kV transmission line, aimed at facilitating power evacuation from a non-fossil fuel-based plant in southern India. In Saudi Arabia, the company secured another order for a 380kV Gas Insulated Substation (GIS), which encompasses associated reactors and the installation of hybrid GIS Bays. Additionally, in Abu Dhabi, L&T has been tasked with establishing a new 220/33kV grid station, along with related projects, as per the company’s official announcement.

Business

India May Buy More Oil From Venezuela Instead of Russia

Published

1 week ago

January 31, 2026

Namma Kudla

Business : The United States has told India that it can soon resume buying oil from Venezuela.The suggestion is part of a U.S. effort to reduce India’s dependence on Russian crude oil.

This pitch comes as India plans to cut Russian oil imports by several hundred thousand barrels per day in the coming months. Under the Trump administration, the United States had imposed a 25 % tariff on countries that bought Venezuelan oil, including India.

Now, the U.S. wants India to resume Venezuelan oil purchases to help diversify India’s energy sources. The United States is also trying to reshape energy ties with India as part of broader diplomatic engagement.

Venezuela’s interim president Delcy Rodríguez said she agreed with India on energy cooperation in a recent phone call with Prime Minister Narendra Modi. PM Modi said both sides agreed to deepen their partnership and expand cooperation in all areas.

Venezuela has the world’s largest proven oil reserves. Recently, Venezuela opened its oil sector to private investment to attract foreign capital and boost production.

India was one of the major buyers of Russian crude after the Ukraine war began in 2022. But India is now seeking alternative suppliers as part of its energy strategy.

Business

Chicken Prices Remain Stable in Local Markets

Published

2 weeks ago

January 27, 2026

Namma Kudla

Chicken prices remained stable in local markets today.Traders said there was no major change in rates.Consumers continued to make regular purchases.

Boneless chicken is priced at ₹210 per kilogram.Regular chicken is available at ₹160 per kilogram.Chicken liver is being sold at ₹120 per kilogram.

Country chicken is priced higher due to demand.It is selling at ₹360 per kilogram.Live chicken is available at ₹130 per kilogram.

Skinless chicken is priced at ₹200 per kilogram.Vendors said supply is sufficient in the market.They expect prices to remain steady in the coming days.

Customers expressed satisfaction with the current rates.Market officials said there is no shortage of chicken.

Business

Gold Prices Edge Up in India on January 19, 2026

Published

3 weeks ago

January 19, 2026

Namma Kudla

Gold prices in India recorded a slight increase on January 19, 2026, supported by global market trends, local demand, and movements in the rupee-dollar exchange rate.

As per market estimates, 24-carat gold, which is considered pure gold, is priced at ₹14,569 per gram, or ₹1,45,690 per 10 grams. 22-carat gold, commonly used for jewellery, is trading at around ₹13,355 per gram, or ₹1,33,550 per 10 grams.

The prices have risen marginally compared to the previous day. The increase is mainly linked to a weaker Indian rupee against the US dollar, which makes imported gold more expensive.

Gold rates vary slightly across cities such as Mangalore and other parts of the country. These differences depend on local taxes, transportation costs, jeweller margins, and regional demand.

Demand for gold remains strong due to the wedding season and festive buying, which continues to support higher prices. Investors also turn to gold during uncertain economic conditions, as it is seen as a safe-haven asset.

Experts say that global geopolitical developments, inflation concerns, and central bank policies are also influencing international gold prices, which in turn affect domestic rates.

Market participants expect gold prices to remain firm in the near term if the rupee stays weak and demand continues at current levels.