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    		• Business
    L&T to list software arm in fiscal 2009-10

    New Delhi (PTI): Engineering giant Larsen & Toubro citing market condition has decided to delay the listing of its software business unit L&T Infotech to 2009-10.

    "We have delayed the listing of the company to 2009-10 as the market conditions are bad and the company is yet to achieve 500-million dollar revenue," Chairman L&T A M Naik said here.

    It had earlier decided to go for L&T Infotech's initial public offer in the second half of this fiscal.

    The company's current revenue stands at 400 million dollars.

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