Larsen & Toubro (L&T) today said its construction arm has won an order worth Rs 1,394 crore for the execution of the Kundalia Irrigation Project – Right Bank in Madhya Pradesh (MP). “The water and effluent treatment business of L&T Construction has won an EPC order worth Rs 1,394 crore from the Water Resources Department, Government of Madhya Pradesh, for the execution of the Kundalia Irrigation Project – Right Bank,” the engineering and construction major said in a BSE filing.

NEW DELHI: In an effort to provide emergency medical treatment to security forces deployed in remote areas like Siachen Glacier, Indian Space Research Organisation (ISRO) has recently signed an agreement with the defence ministry for setting up telemedicine nodes. The space agency will establish 53 more nodes in the first phase to existing 20 set up for the Army, Navy and Air Force across the country.

In Monterey, Calif., late on Friday, Mercedes-Benz unveiled its latest concept car, the EQ Silver Arrow. It’s an homage to the brand’s original W 125 race car, which in 1937 set the record for fastest land-speed vehicle on a public road by traveling nearly 270 miles per hour. That record was only broken late last year by the Koenigsegg Agera.

The Sensex on Monday rallied 259.42 points to hit an all-time high of 38,511.22. The National Stock Exchange, Nifty, too scaleed fresh peak of 11,633.30, up 76.20 pts.

Indian equities this week will mainly be guided by April-June quarter GDP data, while growing US-China trade war and rising crude oil prices will continue to have an impact on market sentiments, say experts.

Shares of LIC Housing Finance dipped 7% to Rs 531 on the BSE in intra-day trade in otherwise strong market after the company reported disappointing April-June quarter (Q1FY19) results.

LIC Housing Finance reported 18% year on year (YoY) growth in net profit at Rs 4.79 billion in Q1FY19 on account of lower provisions under the IndAS framework. Net interest income grew 6.6% YoY at Rs 9.94 billion.

Shares of Infosys was up 1% to Rs 1,397 on the BSE in early morning trade after the information technology (IT) firm said it has fixed September 5, 2018 as record date for the purpose of allotment of bonus shares/stock dividend. The stock will turn ex-date for bonus shares on September 4, 2018.

Unfazed by industry's criticism of some past decisions, Trai chairman R S Sharma has asserted that the regulator is not into a PR role, but is, rather, doing its job transparently with wide stakeholder consultation in the interest of consumers and the sector.

In his first interview after winning a second term at the helm of Trai, Sharma said legal options are available for anyone not happy with a particular regulation of the Telecom Regulatory Authority of India (Trai).

India's men's and women's compound archery teams overcame Taiwan teams in the semi-finals on Sunday to set up title clashes against South Korean teams at the 18th Asian Games.

While the men's team beat Qatar, Philippines and Taiwan in the three matches on the day to be one win away from successfully defending their title, the women's team got past Indonesia and Taiwan in the quarter-finals and semi-finals respectively.

EaseMyTrip in association with the PhonePe app a Mobile payment platform, has partnered with Indian Railway Catering and Tourism Corporation (IRCTC) to facilitate digital payment on the IRCTC Rail Connect Android app. The partnership will enable the PhonePe users to use their bank accounts to pay for their travel bookings made through Easemytrip via UPI, credit and debit cards, and PhonePe digital wallets.

LIC Housing Finance has reported 18.4 per cent surge in its standalone net profit to Rs 567.94 crore for the first quarter ended June 30.

The company's net profit was Rs 479.65 crore in the same quarter of 2017-18.

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