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LTIMINDTREE ACQUISITION
IT’s Rs 18 lakh crore m-cap rout; Info Edge, Ixigo post Q4 profitsA multi-month bear market has hit the valuations of India’s top 10 digital and technology services exporters. This and more in today’s ETte...- IT services firm Xoriant acquires TestDevLab to deepen European footprintThough the deal size was not mentioned, TestDevLab has an annual revenue of $30 million. The Latvia-based software quality engineering firm...
- Stocks in news: LTIMindtree, Bajaj Housing, HCL Tech, Cyient DLM, Delta Corp, Waaree EnergiesState-owned Power Finance Corporation said it is actively pursuing further action and "exploring all possible options" on pending dues of R...
- Altimetrik appoints LTIMindtree's Rajeev Jain as COOAltimetrik has appointed Rajeev Jain as its new chief operating officer to spearhead global operations, reporting to CEO Raj Sundaresan. Ja...
- ChrysCapital-backed Xoriant appoints former LTIMindtree executive Rohit Kedia as new CEOMeanwhile, Kedia served as the chief growth officer at LTIMindtree, where he served more than eight years, including seven years at L&T Inf...
- Tata’s big Pegatron deal; Everstone acquires WingifyTata acquires a controlling stake in Pegatron Technology India. This and more in today’s ETtech Top 5.
- LTIMindtree to invest $6 million in Voicing. AI startupThe investment will be made within seven days of the agreement and LTIMindtree USA Inc., would be entitled to acquire convertible instrumen...
- Big IT expects growth momentum to continue in September quarterIndia’s software service providers will report their July-September quarter results in the coming week, and analysts expect them to be bett...
- Stocks in news: Tata Technologies, SBI Card, Jio Financial, LTIMindtree, NBCCStocks in news: India's Sensex and Nifty ended a turbulent session flat amid profit-taking and rising geopolitical worries. Stocks like Tat...
- Is it time to start buying IT stocks? Macquarie’s Ravi Menon explainsThe IT sector anticipates growth is being driven by AI and enterprise technology spending amid concerns over interest rates and consulting ...
- LTIMindtree former CFO Vinit Teredesai joins Persistent SystemsBorn out of the merger between L&T Infotech and Mindtree in November 2022, LTImindtree has seen several exits over the past year which the ...
- LTIMindtree's plan is to grow revenue to $10 billion: CEO Debashis ChatterjeeLTIMindtree aims to reach $10 billion revenue by 2030 through organic growth and acquisitions. Despite challenges in market conditions, the...
- LTI Mindtree's COO, president of sales in fray for top job as Debashis Chatterjee's tenure ends soonWipro and LTIMindtree navigate leadership changes. Nachiket Deshpande and Sudhir Chaturvedi are key contenders for LTIMindtree's CEO role. ...
- Xoriant acquires MapleLabs to expand its platform engineering capabilitiesConsulting and IT services firm Xoriant, backed by ChrysCapital, acquires MapleLabs Inc to enhance platform engineering, product ideation, ...
- Chryscapital-backed Xoriant hires LTIMindtree's Mukund Rao to lead global marketsBased in the US, Rao was the chief business officer of the banking, financial services and insurance (BFSI) vertical at LTIMindtree (with M...
- Stocks in news: UltraTech, Thomas Cook, LTIMindtree, Kesoram Industries, WiproThe offer for sale of shares by promoter Fairbridge Capital in Thomas Cook (India) Ltd received overwhelming response from institutional in...
- LTIMindtree to spend $40-50 million on AI capabilities in FY24These investments will only be restricted to building capabilities and do not include the capital allocated for picking up investments in A...
- Stocks in news: ZEE Entertainment, Natco Pharma, Ajanta Pharma, Hero MotoCorpZEE Studios and IPRS (Indian Performing Right Society) have entered into a settlement agreement by which all disputes and claims have been ...
- LTIMindtree unlikely to make entry into Nifty50 in March: Nuvama Wealth“We are confident in our understanding of the current methodology and rule out its inclusion in this review,” said Abhilash Pagaria, head -...
- Indian IT firms take M&A route to tap top talent, boost capabilitiesIT services companies are ramping up their M&A play, driven by a desire to add new capabilities and boost access to skilled talent. Analyst...
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