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Larsen & Toubro is betting big on automation, robotics and technology-led solutions to scale up construction activities as increasing manpower alone may not be a viable option for growth, a top official of the company said. "What we have been doing over the last 3-4 years in particular is to create automation to the level that we did not expect construction industry to engage. Our effort has been to automate as much as possible," said L&T chief financial officer R Shankar Raman at ICICI Securities India Investors Conference 2026. He said the company's order book has increased to around Rs 7.5 lakh crore from Rs 3-3.5 lakh crore five years ago, while the workforce engaged in execution has grown from 1.5 lakh direct and indirect workers to about 4 lakh. Raman said the company is focusing on automation to address execution challenges and reduce dependence on traditional labour-intensive construction methods. "Our effort has been to automate as much as possible. Make construction .
IT company Magellanic Cloud on Tuesday posted a 4.75 per cent increase in consolidated profit after tax to Rs 27.77 crore in the June quarter. The company had posted profit after tax of Rs 22.59 crore. The total income of Magellanic Cloud increased 23.16 per cent to Rs 164.34 crore during the first quarter of the current fiscal year from Rs 159.18 crore a year ago. "Magellanic Cloud delivered a strong start to FY26, reporting revenue of Rs 163.96 crore, EBITDA growth of 19.14 per cent, and PAT up 22.93 per cent year-on-year. Our multi-vertical momentum, backed by product innovation and global partnerships, positions us well for an accelerated trajectory this fiscal year," Magellanic Cloud Global CEO and MD Joseph Sudheer Reddy said. He said the company closed acquisition of Finoux during the quarter, which marks its official entry into Al-powered financial analytics and robo-advisory automation. "We recorded a TCV (total contract value) close to Rs 100 crore across our core vertic