Tag "L&T"

Mindtree to acquire NxT Digital Business of L&T to enhance AI-ML capabilities

By : Laxitha Mundhra

Digital Transformation and technology services company Mindtree has signed an agreement to acquire the NxT Digital Business, the cloud-based IoT and AI platform for Industry 4.0 of L&T Group. The company states that the combined offerings of NxT and Mindtree

Rajeev Gupta takes charge as new CFO of L&T Technology Services Limited

By : CIOL Bureau

L&T Technology Services today announced the appointment of Rajeev Gupta as the company’s new Chief Financial Officer (CFO). Rajeev replaces P Ramakrishnan, who will now assume a new role in the L&T Group. About Rajeev Gupta Rajeev will join L&T from

L&T acquires 51.8% stakes of Mindtree

By : CIOL Bureau

Larsen and Toubro Ltd acquires 51.8% of shares in Mindtree Ltd, it is the first hostile takeover in the IT sector. CNBC TV18 channel reported the acquisition today, the report comes within a few months of Mindtree rejecting a hostile

L&T Technology Services concludes 3rd season of TECHgium; announces award of ₹ 10 lakhs

By : CIOL Bureau

L&T Technology Services Limited has announced the winners of the third edition of its national futuristic technology-based innovation competition TECHgium. Kickstarting in January, the event received record-surpassing 19,000 applications from over 270 reputed colleges & universities across India clocking a

LTTS unveils Factory D.0 – its one-stop solution for factories of the future

By : CIOL Bureau

L&T Technology Services (LTTS) is unveiling Factory D.0 – its latest set of offerings for Industry 4.0 that address the fundamental problems with the smart factory solutions of today. As quoted by a senior analyst at HFS, “LTTS has developed

L&T Technology Services enters into agreement to acquire Graphene Semiconductor Services

By : CIOL Bureau

L&T Technology Services Limited has executed a definitive agreement to acquire 100% stake in Bangalore-based Graphene Semiconductor Services Private Limited (“Graphene”) by way of an all-cash deal. The transaction is expected to be consummated by October 2018. Graphene is one

PTC opens CoEs with L&T Tech and Tech Mahindra to showcase Industrial IoT innovations

BANGALORE, INDIA: PTC has opened two Centers of Excellence (CoE) focused on Industrial Internet of Things (popularly known as Industry 4.0) innovation at L&T Technology Services’(LTTS) and Tech Mahindra’s offices in Bangalore. The CoEs will demonstrate the promise of digital

L&T Infotech acquires analytics startup AugmentIQ

By : CIOL Writers

Global IT services provider, L&T Infotech has acquired Pune-based analytics startup AugmentIQ Data Sciences that offers IP-based, big data and analytics solutions to help enterprises derive business benefits from big data. “Augment IQ is a very synergistic acquisition for LTI.

Maharashtra government, L&T collaborate for safe Mumbai

MUMBAI, INDIA: Maharashtra CM Devendra Fadnavis launched the first phase of the pan-Mumbai CCTV camera surveillance network in the city today. The pan-Mumbai project envisages installation of 6,000 CCTV cameras in Greater Mumbai at the cost of Rs 949 crore

L&T Infotech appoints Sanjay Jalona as CEO and MD

BANGALORE, INDIA: Larsen & Toubro (L&T) has appointed Sanjay Jalona as the chief executive officer and managing director of its subsidiary L&T Infotech. Sanjay Jalona has an experience of 15 years in the company and has held senior leadership positions across