L&T Tech

L&T Technology Services on Monday announced a five-year contract with Nokia to support engineering and research and development activities in India. The contract brings together LTTS' engineering capabilities with Nokia's telecommunications technology work, according to a release. The release did not divulge the size or financial details of the contract. Under the agreement, LTTS will support Nokia R&D programs across areas, including product engineering, software development, system integration, and product support. LTTS will establish a dedicated Offshore Development Center (ODC) in India to support Nokia's engineering and R&D initiatives. The ODC brings data-center-grade compute and AI-infrastructure engineering to next-generation telecom solutions. LTTS will also create a dedicated engineering team in India to support Nokia's technology center globally, with work spanning areas such as 5G networks, intelligent automation, AI-driven operations and AI ...

The uptick in the L&T Tech share price came after the company announced that it has been awarded a multi-year $80 million deal with a US-based manufacturer of industrial products and solutions

Firm clarifies it is part of existing order book, not new

The company has slashed its full-year FY24 revenue guidance to 17.5-18.5 per cent year-on-year growth in constant currency (CC) terms

The group will also be entering new-age businesses that it has incubated, such as L&T EduTech and L&T SuFin, a B2B e-commerce platform for industrial and construction products

Margins were better managed despite a higher attrition of 23.2% in Q1, up from 20.4% in Q4FY22

The brokerage firm has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over

While outlook remains strong, Q3 revenue growth was lower than Street estimates

The $1.9 trillion Covid relief bill stimulus, if passed, will boost the US economy and will, in turn, positively impact the IT industry, ICICI Securities said in a note

L&T Tech's stock price has broken out from the long-term consolidation, which it held for the last two months

The broader markets, however, bucked the trend and ended higher today. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at close

Graphene is one of the fastest growing companies in Semiconductor Services with a presence in India, Singapore, Taiwan, and Malaysia; FY18 turnover was Rs 663 mn

Industry pays Rs 300,000-325,000 a year to newcomers, with supply of talent exceeding demand

The company will also install sensors in machines that do not have them to capture more data