Developed economies began sourcing from China at competitive rates. China emerged as the manufacturing hub for the developed world. India supplied cheap labor through BPO/KPO and IT services, while Ukraine and Russia addressed global energy needs
L&T back on investor radar amid strong order book, hopes of margin improvement
Larsen & Toubro shares rose 8% in three sessions after reporting record FY25 order inflow and a 24% YoY jump in Q4 orders, largely from