L&T on a firm footing with robust growth in order book https://ifttt.com/images/no_image_card.pngL&T’s order inflow grew by 57% year-on-year to Rs 41,800 crore in the June quarter, higher than the analysts’ estimate of Rs 38,000-39,000 crore. The order flow in core engineering and construction (E&C) business excluding services business expanded by 88% to Rs 28,288 crore helped by a large order win in hydrocarbon segment and other big wins in the transmission and distribution, and the defence sector.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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