According to the exchange filing, the SJ-100 is a twin-engine, narrow-body aircraft.
Under this collaboration, L&T will be the prime bidder for the Ministry of Defence’s upcoming 87 MALE RPAS programme.
Under the LoI, both companies will work together to design and manufacture electric TRAnsverse tugboats at Cochin Shipyard’s facilities in India.
NIFTY Marks Fourth Consecutive Weekly Gain
Secondary Equities witnessed a net inflow of INR 4.38 billion.
The total size of the offer is INR 455.49 crore and comprises an offer for sale of up to 7,786,120 equity shares.
The ~100-year-old company has been a part of Norway’s Orkla group since 2007. The company’s IPO is an offer for sale to provide liquidity to its existing investors.
To support the dual mandate of maintaining maximum employment and inflation at 2%, the FOMC has taken measures to cut the fed funds rate.
Along expected lines, the US Fed cut the benchmark rates by 25 bps to 3.75%-4.00%
For September, mining and electricity output disappointed, while manufacturing was robust
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