L&T bags orders worth Rs.3355 CR.

Larsen & Toubro Limited (L&T) on Tuesday announced that its buildings and factories buz of L&T construction has obtained orders valued Rs 3,355 crore.

The orders comprise design & construction of India Int. Convention & Expo Centre (IICC) in the national capital.

The business also bagged a contract to construct a major retail development in Navi Mumbai for IKEA. The construction for the proposed expansion will commence in early 2018, the company said.

Shares of the L&T were trading at Rs 1,265.45 apiece, down 0.09%, from the previous close on BSE.

Infosys share price hits over 1-year high; on joining HPE-Cloud28+community's vast network

Shares of IT major Infosys Limited rose 2.23% to Rs 1,044.80 on Friday, its highest since October 20, 2016. The stock broke above a resistance at Rs 1,020, the 38.2% Fibonacci retracement level of the downtrend from June 3, 2016, high of Rs 1,279.3 to August 22, 2017 low of Rs 860.

Infosys has joined Hewlett Packard Enterprise (HPE)-driven Cloud28 plus community & digital platform. By leveraging the Cloud28+community's vast network of service providers, Skava (the wholly-owned subsidiary of Infosys) aims to expand its market presence in countries where business and regulatory considerations call for private & hybrid cloud deployments working with local partners.

Some analysts have turned bullish on the stock in the last one month, with ‘strong buy’ recommendations rising by two to 11 and ‘buy’ ratings by one to 11. The stock has 17 ‘hold’ recommendations, seven ‘sell’ and one ‘strong sell’.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.

Lodha Developers intends to raise USD 1 billion via IPO

Realty major Lodha Developers is looking to raise up to One billion dollars through an initial public offering (IPO) that is expected to be launched next year, as per reliable sources from the company. The company has hired Citic CLSA, Kotak & Morgan Stanley for the IPO, and it is further expected that more banks likely to join the syndicate

Lodha Group has more than 30 real estate projects in London, Mumbai, Pune and Hyderabad covering over 40 million sq. ft of area. It has a land bank of 350 million sq. ft for future development.  The company group has achieved sales bookings of nearly Rs.8500 cr, last year from both domestic market and London.

The BSE Realty Index is up 97% since the start of the year.