L&t Technology Services

LTTS expects headcount drop in third quarter as more work gets automated

AI-driven automation is helping LTTS decouple revenue growth from workforce expansion, with productivity gains expected to reduce headcount in Q3

L&T Technology Services bags $60 million order from US telecom firm

IT company L&T Technology Services on Saturday said it has bagged a multi-year contract worth USD 60 million (about Rs 510 crore) from a prominent US-based wireless telecommunications services provider. Under the agreement, LTTS will deliver advanced network software development and application engineering solutions. "L&T Technology Services wins around USD 60 million software engineering engagement from US Tier-I Telecom Provider," LTTS said in a statement. LTTS will establish a delivery centre in the United States to further support and enhance project delivery. Under the terms of the agreement, LTTS will provide crucial engineering services, including research and development lab integration, new product development, and functionality testing for the customer's network software automation platforms.

Bajaj Auto, Tech Mahindra, L&T Tech: Analyst pick 3 stocks to buy today

Stocks to buy: Bajaj Auto is witnessing steady volume, and the price has managed to close above all major Exponential Moving Averages

LTTS signs deal with US-based Tennant to develop industrial cleaning tech

L&T Technology Services will set up offshore development centre for NYSE-listed company

L&T Tech launches TrackEi for smarter rail inspections: Here's how it works

AI-powered railway track inspection solution TrackEi leverages the Nvidia Jetson platform, offers real-time defect detection and predictive maintenance

L&T Technology Services shares rise 5%; what's boosting rally in stock?

Global brokerage Macquire double upgraded the stock to 'Outperform' for a target of Rs 6,530 per share, as per reports. The brokerage expects growth to pick up in plant and engineering

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

Margin pressure clouds near-term outlook for L&T Technology's stock

Management maintains FY25 guidance of 8-10 per cent revenue growth in CC, which implies a steep growth rate of 4.5-7 per cent growth per quarter in H2FY25

L&T Technology Q4 result: Revenue rises 7% aided by strong deal wins

BENGALURU (Reuters) - Indian engineering research and development services provider L&T Technology Services reported a 7% rise in its fourth-quarter revenue on Thursday, in line with street expectations, aided by strong deal wins.

L&T Technology Services to train 1,000 engineers in Nvidia's GenAI software

LTTS attended the Nvidia GTC global AI conference and revealed its plans to upskill its engineers in software such as Nvidia AI Enterprise, including Nvidia NeMo, Nvidia NIM

Health tech company HiLabs raises $39 million in Series B financing

The capital will support the firm's continued enhancement of the technology as well as recruitment of top-tier talent and expansion of its product teams

LTIMindtree CFO Vinit Teredesai resigns, Vipul Chandra to take over

Chandra has been with the L&T Group since October 2013

Stocks to Watch on Jan 17: Asian Paints, HDFC Bank, LTTS, Godrej Prop, LTIM

Stocks to watch on Wednesday, January 17, 2024: HDFC Bank reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for Q3FY24, topping estimates by over 1 percentage point

Analysts upbeat on Tata Tech IPO; GMP signals robust demand

Tata Technologies IPO: In the grey market, the stock is commanding a premium of up to Rs 350 or 70 per cent over the upper price band of Rs 500

L&T Technology partners with Google Cloud for generative technology

Larsen and Toubro Technology Services (LTTS) has partnered with Google Cloud for implementing generative technology in operations, the company said on Tuesday. LTTS is the digital engineering and R&D services company under Larsen and Toubro Group. LTTS Developer Experience platform (DevX) is designed for engineering services, offering API-enabled solutions across industries, the company said in a statement. The company said it will combine its expertise with Google Cloud for developing the platform and optimise test case generation by integrating gen AI into the development code and automating code generation to reduce manual efforts and boost development efficiency. LTTS Chief Operating Officer Abhishek Sinha said, "This partnership not only propels us closer to our gen AI goals but also cements our commitment to revolutionizing engineering and digital solutions for the benefit of multiple industries. As LTTS and Google Cloud embark on this transformative journey, the engineering

ER&D software firms navigate Q2 bends with growth arrows in sight

BCG and Nasscom's signposts point to 8-9% annual growth through 2030, India's share to take express lane

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 Tech net profit rises 13% to Rs 311.1 cr in Q1 FY24; revenue up 14.7%

On the other hand, the growth was led by the transportation vertical, which grew 3.9 per cent

L&T Technology Q4 net profit rises 18.1%, dividend of Rs 30/share declared

The tech firm declared a dividend of Rs 30 per share

L&T Technology Services announces CoE in Mysore to offer solutions on AWS

L&T Technology Services (LTTS) on Thursday announced a new Centre of Excellence (CoE) in Mysore, Karnataka, that leverages the power of the cloud with Amazon Web Services (AWS). The CoE will allow L&T Technology Services to transition its suite of technologies focused on the future of mobility and reduce time-to-market for end customers. "By leveraging AWS infrastructure, LTTS will provide an opportunity to use AWS to support the automotive domain," according to a release. Backed by its engineering domain expertise in Electric, Autonomous, and Connected Vehicles (EACV), LTTS has been helping original equipment manufacturers (OEMs) to develop next-generation vehicles and aircraft that have tailored solutions focused on safety and security. "The new CoE will leverage LTTS' cross-disciplinary skillsets covering embedded, mechanical, and digital facets of engineering," the release added. LTTS has been actively working with global technology companies like AWS to bring digital ...