Shares of Hindustan Construction Company (HCC) have gained over 3% at Rs 18.45 on the BSE after National Highway Authority of India (NHAI) awarded contract worth Rs 1,783.42 crore to the company.

Hindustan Construction Company (HCC) said the contract is for constructing a 36 kilometers (km) highway which includes 3 kms of tunnels between Ramban and Banihal in Jammu & Kashmir. The project is a part of National Highways Development Project (NHDP) phase-II program of National Highway Authority of India (NHAI) on NH1A (now NH44).

Shares of Hindustan Construction Company (HCC) have gained over 3% at Rs 18.45 on the BSE after National Highway Authority of India (NHAI) awarded contract worth Rs 1,783.42 crore to the company.

Hindustan Construction Company (HCC) said the contract is for constructing a 36 kilometers (km) highway which includes 3 kms of tunnels between Ramban and Banihal in Jammu & Kashmir. The project is a part of National Highways Development Project (NHDP) phase-II program of National Highway Authority of India (NHAI) on NH1A (now NH44).

Benchmark indices are trading in a narrow range with negative bias as investors have turned cautious ahead of September F&O expiry.

By 10:45 am, the Sensex was lower by 76 points at 25,747 and the Nifty dipped 13 points at 7,833.

Shares of GMR Infrastructure have dropped 2.3% to Rs 13.18 on the Bombay Stock Exchange (BSE) after credit ratings agency CARE has downgraded ratings for long-term loans to GMR Hyderabad-Vijayawada Expressways to default grade "D" due to delays in servicing debt and cash losses.

The company has been revised from ‘BBB’ to ‘D’ after considering the delays in servicing debt obligations.

NEW DELHI: Introducing the revamped version of its hatchback, Ford India on Wednesday launched the Ford Figo hatchback at a starting price of Rs 4.29 lakh (ex-showroom Delhi). While the petrol version prices go up to Rs 6.40 lakh that of the diesel go up to Rs 7.40 lakh.

The Base variant of the 2015 Figo gets a driver airbag, whereas other trims get dual front airbags, or 6 airbags in case of the top-end Titanium+ variant. The new Figo is available in 7 colors.

Auto major Hyundai Motor India plans to launch 2-3 new models every year till 2020 as a part of its efforts to further consolidate its position in the country.

The company, which is the second largest car maker in India, eyes 1 per cent growth in its market share each year during the period.

Shares of state-run power equipment maker, BHEL are trading lower by nearly 2% at Rs 197.75 on the BSE after the rating agency Crisil downgraded its outlook on BHEL’s long-term bank facilities to 'negative' from 'stable', citing that the company's project execution and profitability will remain vulnerable to structural issues causing distress to the power sector.

The company's working capital cycle will remain stretched, Crisil said in a statement. It, however, its reaffirmed "AAA' rating for the long term facility and "A1+' for short term loans.

Today, Facebook-owned photograph-centric social network Instagram announced that it has hit 400 million users. This comes just nine months after announcing that it hit the 300 million mark.

Yes, it’s no mistake that the team wanted to let all of us know that it’s growing internationally, the key to grabbing its “next 400M.” It’d be sure nice to know what the splits are on iOS vs. Android, though.

Bangalore: Larsen and Toubro Ltd (L&T), India’s biggest engineering and construction firm, has decided not to participate in the tender issued by GAIL (India) Ltd for constructing three new liquefied natural gas (LNG) carriers for use by state-run natural gas firm to ship the commodity from the US from January 2019, citing a clause that requires shipyards to hold equity stake of as much as 13% in the LNG carriers that are to be built locally.

L&T’s decision is a big blow to Prime Minister Narendra Modi’s Make in India project.

Ajanta Pharmaceuticals will be included in the NSE’s Nifty Midcap 50 index, replacing Aditya Birla Nuvo from the next month.

The inclusion will take effect from October 19 this year, according to a release by India Index Services and Products Ltd (IISL), a subsidiary of NSE Strategic Investment Corporation.

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