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Relief for L&T as MMRDA scraps tender

Financial Express Kochi

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May 31, 2025

TAKEN TO COURT by Larsen & Toubro (L&T) which said it had been kept in the dark about the status of bids for two projects worth ₹14,000 crore — the Thane-Ghodbunder to Bhayandar tunnel and elevated road — the Mumbai Metropolitan Region Development Authority (MMRDA) informed the Supreme Court Friday that it had scrapped the tender process "in the larger public interest" and fresh tenders would be issued in due course.

- EXPRESS NEWS SERVICE

Senior advocate Mukul Rohatgi, appearing for MMRDA, told the bench of Chief Justice of India BR Gavai and Justices AG Masih and AS Chandurkar: "We have decided to scrap the two tenders. The government will decide what they want to do."

MÁS HISTORIAS DE Financial Express Kochi

Financial Express Kochi

Bets of RBI buying, lower state debt sale lift bonds

BENCHMARK GOVERNMENT BONDS gained for a third straight session on Thursday as traders grew more confident of the buying support from the Reserve Bank of India (RBI) and ahead of another reduction in state debt auctions next week.

time to read

1 min

January 23, 2026

Financial Express Kochi

PhonePe IPO: Walmart to sell ₹9,173-cr stake

Walmart’s weighted average cost of acquisition is ₹1,996.8 a piece, making these shares worth around ₹9,173 crore.

time to read

1 mins

January 23, 2026

Financial Express Kochi

Battery PLI loses charge

ONLY 2.8% OF TARGETED CAPACITY COMMISSIONED SO FAR

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2 mins

January 23, 2026

Financial Express Kochi

IAF’s new ‘Sindoor’ formation on R-Day

FIGHTER JETS OF the Indian Air Force will fly in a special Sindoor formation at the Republic Day flypast this year,ina significant display of India’s air power.

time to read

1 min

January 23, 2026

Financial Express Kochi

Bangladesh defiant: Will play, not in India

AFTERICC ULTIMATUM ON WORLD CUP PARTICIPATION

time to read

2 mins

January 23, 2026

Financial Express Kochi

SAT directs Avadhut Sathe Academy to deposit ₹100 cr

THE SECURITIES APPELLATE Tribunal (SAT) on Thursday accorded a partial relief to Avadhut Sathe and his trading academy against the Securities and Exchange Board of India’s (Sebi) order of impounding %546 crore and imposing trading restrictions.

time to read

2 mins

January 23, 2026

Financial Express Kochi

P&G misses Q2 revenue estimates

PROCTER & GAMBLE'S Q2 revenue fell slightly short of Wall Street expectations on Thursday, as weak spending by US consumers and the hit from a government shutdown offset stronger growth globally.

time to read

1 min

January 23, 2026

Financial Express Kochi

Brokerages flag margin risks post Eternal Q3 show

BROKERAGES OFFERED A

time to read

1 mins

January 23, 2026

Financial Express Kochi

AI gets a seat at the C-suite hiring table

Algorithms do leadership searches but the final call stays human

time to read

1 min

January 23, 2026

Financial Express Kochi

IIFL Finance Dec qtr profit rises multifold

IIFL FINANCE, A non-banking financial institution (NBFC) providing gold loans and business loans, on Thursday said its December quarter net profit grew multifold to ₹501 crore as compared to the year-ago period.

time to read

1 min

January 23, 2026

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