L&T hikes shareholding in Mindtree to 28.45 per cent

New Delhi: Infrastructure major Larsen and Toubro (L&T) on Friday acquired over 24.9 lakh shares of Mindtree from open market, taking its shareholding in the IT services firm to 28.45 per cent, according to a regulatory filing. "Larsen and Toubro Ltd has acquired 24,99,619 equity shares (with a face value of Rs 10 each) of Mindtree Ltd on May 24, 2019," a BSE filing by Mindtree said. After the latest transaction, L&T's shareholding in Mindtree stands at 28.45 per cent. The latest stock purchase was made at Rs 980 apiece. pti

Vistara leases six aircraft from BOC Aviation to expand

New Delhi: Vistara announced on Friday that it has leased six aircraft from Singapore-based BOC Aviation to boost its domestic growth and would deploy these to meet the "sudden drop" in capacity in the market. Vistara has leased four Boeing 737-800 NG aircraft to be delivered in May 2019 and two Airbus A320neo powered by CFM LEAP 1A engines, scheduled for delivery in the second half of 2019, it said. pti

11.38 lakh jobs created in March: ESIC data    

New Delhi: Gross employment generation in the formal sector rose to 11.38 lakh in March from 11.02 lakh in February. As per ESIC’s latest payroll data, around 1.48 crore jobs were generated in 2018-19 FY.  The Employees' State Insurance Corporation (ESIC) did not provide gross new enrolments for March 2018. Total gross new enrolments were at 88.30 lakh during the seven-month period from September 2017 to March 2018. pti