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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

We're optimistic about demand environment: LTTS CEO & MD Amit Chadha

At the end of the third quarter, our patents portfolio stood at 1,249, out of which 811 are co-authored with customers and the rest are filed by LTTS

L&T Technology Services maintains FY24 revenue guidance at 17.5-18.5%

LTTS reported a 13.3 per cent rise in net profit to Rs 336 crore, as revenues grew 12.3 per cent to Rs 2,157 crore

L&T Technology retains full-year forecast after all units post Q3 growth

(Reuters) - Indian tech services provider L&T Technology Services retained its revenue growth forecast for the current financial year on Tuesday as all its five business verticals posted year-on-year growth for the third quarter.

LTTS partners with NVIDIA to enhance medical imaging software using GenAI

Engineering services company Larsen and Toubro Technology Services (LTTS) on Monday said it has collaborated with American software firm NVIDIA to enhance medical imaging using Gen AI. The partnership aims to develop software-defined architectures for medical devices looking at enhancing the quality of medical images, the company said on Monday. The software-defined architecture is a decision-making tool for image processing, with AI/ML models developed for the detection, identification, and classification of polyps - abnormal growths often found during colonoscopies. LTTS CEO and Managing Director Amit Chadha said the collaboration helps them push the boundaries of what's possible in medical imaging. "The combination of the NVIDIA Holoscan software platform for edge AI inference and the NVIDIA IGX Orin hardware platform accelerates the development of AI-powered medical imaging solutions by enhancing image quality and real-time clinical decision-making support, making clinicians mo

LTTS to add 2000 employees to cater to rising software demand in vehicles

We focused on electric autonomous connected vehicles during the pandemic and within this, EV was the first area of focus where we invested in a set of labs, CEO of LTTS Amit Chadha added

LTTS aims for a 10x increase in AI, software-defined vehicles specialists

L&T Technology Services is aiming to increase its talent base, specialising in artificial intelligence (AI) and software-defined vehicles (SDV), by ten times in the future, a top company official has said. The city-headquartered engineering services company is expecting a greater demand from clients for these two areas, along with cybersecurity, due to which it is gearing to increase its talent base, its chief executive and managing director Amit Chadha told PTI recently. "We are making investments in three areas. One is artificial intelligence, where we are currently at around 200 people and will build out to be a 2,000 people team. Second is SDV, which is about a 180-member team right now, and we will take it to 1,800 people in the next few months. And third is cybersecurity, where we are looking to see (demand)," Chadha said. When asked for a timeline for adding the talent on the AI side, he did not give a specific answer but said that the additions will be over the next 6-18 ..

L&T Technology Services reports 13% rise in net profit in Apr-June quarter

The profits were, however, down 8.5% sequentially as compared to Rs 340.1 crore in the previous quarter

L&T Tech Services partners with BSNL for private 5G network deployment

IT company L&T Technology Services on Monday said it has partnered with state-owned Bharat Sanchar Nigam Limited (BSNL) for the deployment of private 5G network for enterprise customers. According to the agreement framework signed by both companies, the spectrum will be provided by BSNL using both PLMN (public land mobile network) and isolated allotment. L&T Technology Services (LTTS) will anchor the private network requirements by deploying equipment, applications, servers, technology and software, and core for the integration of devices and sensors within the customer's ecosystem, the IT firm said in a statement. "This partnership marks LTTS' foray into the 5G private network space, with LTTS assuming the role of a master system integrator for customers, offering choice of technologies, equipment and use case buildout, while BSNL will be the official network provider," the statement said.

LTTS, BSNL sign deal to deploy private 5G network for global enterprises

The spectrum will be provided by BSNL using a public land mobile network (PLMN) and isolated allotment. LTTS will deploy equipment, applications, servers, technology and software

Nifty ends April F&O series above 17900; Bajaj twins, Bharti Airtel support

CLOSING BELL: The S&P BSE Sensex, meanwhile, rallied 349 points to settle at 60,649

L&T Tech Services sees 20% FY24 revenue growth, posts profit beat in Q4

In Q4FY23, the company won a $40-million deal and three $10-million-plus TCV deals

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

Nifty IT index slips 5% in two days on earnings, valuation worries

Recently, HCL Technologies said that its FY23 revenue could be at the lower end of the guidance; Credit Suisse warned valuation-led correction in these stocks amid US macro headwinds.

L&T Technology Services plans to hire 1,000 engineers in new Mysuru campus

Engineering services company L&T Technology Services (LTTS) announced on Monday the opening of its new campus in Mysuru to cater to the design and development of embedded solutions, digital products and software engineering. The new 'Module X' campus houses eight floors with engineers in this centre working on a wide spectrum of services covering multiple industries, the company said in a statement. The campus has a capacity to seat over 1,300 engineers who will be working on high-end projects for LTTS' global clientele, it said. LTTS said it has laid out plans to hire over 1,000 engineers in Mysuru over the next two years as it rapidly expands its delivery and design centre in the city to cater to burgeoning demand for engineering services.

Valuation concerns limit upsides for L&T Tech and Tata Elxsi stocks

Cyient also disappointed on the revenue front, with 8 per cent year-on-year (YoY) organic growth

Here's why Mehul Kothari recommends buying TCS, L&T Technology Services

According to the technical analyst from Anand Rathi, TCS can target Rs 3,200 on the upside, while L&T Technology Services can rally to Rs 3,450.

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

Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?

In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now

Stocks to Watch: ONGC, Hero MotoCorp, PNB, LTTS, IndiGo, Adani Group

Shares of ONGC are likely to be in focus as the government will sell 1.5 per cent stake in the oil producer through an offer for sale (OFS) over the next two trading sessions at Rs 159 per share.