Tie-up with MBDA will have Indian partner as majority shareholder; first product likely in 2 years. The government’s military indigenisation plan has spawned another tie-up. Engineering and construction major Larsen & Toubro (L&T) announced a joint venture (JV) with France’s MBDA, a global leader in missile systems. L&T said it was targeting Rs 10,000 crore in annual business from the defence segment by 2021. It will hold 51 per cent of the equity in L&T MBDA ... Rediff.com, 1 week ago
A change of guard seems imminent at two leading India Inc. companies. While SN Subrahmanyan, deputy managing director and president, Larsen & Toubro (L&T), will take over as the chairman of the $16 billion engineering and construction powerhouse from AM Naik ...The Financial Chronicle, 1 month ago
Industrialist Nusli N Wadia has filed a criminal defamation case against Tata Sons, its interim chairman Ratan Tata and some directors for alleged "defamatory and offending" contents in a special resolution moved to seek his removal from three Tata Group ...Deccan Herald, 2 months ago Wadia lodges criminal defamation case against Tata Sons, Ratan Tata Mathrubhumi, 2 months ago
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