L&t Tech

L&T Technology Services, Nokia sign deal to support engineering in India

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 ...

L&T Tech up 5% on securing $80 mn digital engineering transformation deal

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

Rs 35,000 crore Saudi Aramco order biggest ever, say L&T executives

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

L&T Tech PAT grows 5.1%, FY24 revenue guidance slashed to 17.5-18.5%

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

L&T aims to grow IT & Tech services revenue to high teens by 2026

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

L&T Tech Services Q1FY23 net up 27% YoY to Rs 274 cr amid surge in deals

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

TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector

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

Valuations may cap upsides for L&T Tech stock, no major triggers seen in Q3

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

IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs

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

Nifty outlook & stock picks by Vinay Rajani: Buy L&T Tech, Gujarat Gas

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

Autos, RIL set-off losses in banks; Sensex dips 20 pts, Nifty holds 15,100

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

L&T Tech to acquire 100% stake in Graphene Semiconductor for Rs 930 mn

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

To attract talent, L&T Tech hikes fresher salary 25% to about Rs 400,000

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

L&T Tech builds IoT platform for machines

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