DSIJ Mindshare

The markets on March 12, 2019 opened gap up. BSE Sensex is trading at 37,448.35, up by 394.25 points and the Nifty is trading at 11,282.90, up by 114.85 points. 

Standard Life will sell 4.93 per cent stake in HDFC Life Insurance for Rs. 3,570 crore in order to comply with the public shareholding norm. Standard Life is the joint venture partner in HDFC Life Insurance. Standard life holds 29.2 per cent whereas HDFC holds 51.5 per cent.

Kalpataru Power's fully-owned subsidiary Alipurduar Transmission Limited successfully completed and commenced commercial operations of elements-2 Kishanganj- Darbhanga line.

Engineering and construction mammoth Larsen & Toubro's subsidiary L&T Construction’s Power Transmission and Distribution division has bagged a number of Engineering, Procurement and Construction orders in India and abroad. The order bagged by the company is in the range of Rs. 1,000 to 2,500 crore.

State-owned infrastructure company, NBCC (India) secured four orders from Raipur SMART City Limited (RSCL). The company will charge project management consultancy fees at the rate of 8 per cent on the actual cost of work as per the terms of the agreement.