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Leading private infrastructure firm Larsen and Toubro on Tuesday said it has sought shareholders' approval to transfer its electrical and automation business to a subsidiary.

The capital market regulator has allowed foreign governments to buy a maximum of 20 per cent stake in any listed company without any additional obligations.
The retail jewellery chain has already received final observation from capital market regulator Sebi for coming out with an IPO of 1.8 crore equity shares.
ITC has been slowly increasing its stake in Hotel Leelaventure Ltd. The company and its investment arm Russell Credit together hold 11.7 per cent stake in the company.
Mohandas Pai has given up a chance at Infosys' top job for something seemingly big.
Ravi Venkatesan was inducted into the board of directors of IT major Infosys as an additional director of the company with immediate effect.
This is RIL's largest capacity expansion in the sector and is aimed at consolidating its position as the world's largest integrated polyester producer.