Larsen & Toubro has inducted the Chairperson of Life Insurance Corporation (LIC) of India Siddhartha Mohanty as Director with effect from May 28, L&T said on May 8.The $21 billion conglomerate said that Mohanty will represent the equity interest of LIC in Larsen & Toubro's board and has been nominated by LIC in place of Mr. Hemant Bhargava.
Open FlipChoice International Ltd was incorporated in 1993. It is an integrated and diversified financial services group. It provides a wide range of financial services that include broking & distribution, investment banking, financial services to business advisory, regulatory compliances to government authorities & other corporate entities, retail loan distribution, mutual fund distribution.
Open FlipTata Power plans to increase its capital expenditure to Rs 20,000 crore for the financial year 2024-25, CEO and MD Praveer Sinha said in a media call on May 8. The capex for FY25 would be an increase of over 65 percent from the last year, as the company spent Rs 12,000 crore in FY24.Sinha said about 50 percent of the total capex would be used for renewables, while the balance would be utilised.
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