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SWC ACQUISITION
Voice-first AI tutor Stimuler raises $3.75 million from Lightspeed, SWC GlobalM Venture Partners, Rebright, Force Ventures, and GradCapital participated in the funding round. The funds will be used to scale Stimuler’s...- Reduce L&T Technology Services, target price Rs 4,110: ICICI SecuritiesICICI Securities has a reduce call on L&T Technology Services with a target price of Rs 4110, citing a potential drop in margins due to the...
- L&T Tech Q3 Results: Cons PAT falls 4% YoY to Rs 322 crore, revenue rises 9%L&T Tech Q3 Results: On a sequential basis, net profit for the reporting quarter rose marginally by 0.9%, while revenues increased by 3%. I...
- IPO Calendar: 3 new issues, 1 listing to watch out for next weekThe lull in the IPO market may only last for a while as 55 companies are gearing up to raise a whopping Rs 68,000 crore through initial sha...
- L&T Tech MD on BP partnership, SWC acquisition & more“As far as comms is concerned we have gone deeper internationally. There are some good deals in the pipeline and we will see if these close...
- L&T Tech falls nearly 6% as earnings estimates cut"While LTTS' deal wins have improved, complemented by better margin defence, risks of business cyclicality and weaker working capital cycle...
- LTTS Q1: Net profit up 13%, revenue up 14.7%Sequentially, net profit was down 8.5% while revenue was down 2.9% after segments like consumer electronics and semiconductor engineering b...
- IT stocks on top of FII hate list! Will Q1 results mark end of long winter?Foreign institutional investors (FIIs) are in particular worried about the impact of macro uncertainties in developed countries on Indian s...
- Austrian billionaire Heidi Horten's jewellery with Nazi link fetches over $155 mn at Geneva auctionJewels of an Austrian billionaire sold at a Christie's auction earned more than $155m amidst criticism from Jewish groups. The proceeds fro...
- Hold L&T Technology Services, target price Rs 3800: Sharekhan by BNP ParibasAt CMP, the stock trades at 28.6x / 23.5x its FY24E/FY25E EPS respectively.
- L&T Tech shares fall 4% after December quarter results"L&T Technology posted a flat QoQ topline growth in constant currency in 3QFY23, missing our estimates of 2% QoQ growth. Despite weak growt...
- L&T Tech shares tumble over 6%. Here's whyThe company has signed an agreement with parent Larsen & Toubro to acquire its Smart World & Communication business for Rs 800 crore
- Keel laid for warship being built at Cochin Shipyard LtdSpeaking on the occasion, Vice Admiral Deshmukh appreciated efforts by the shipyard in achieving the milestone despite COVID-19 constraints...
- Land acquisition model: Congress trying to disown DIPP report praising Narendra Modi’s GujaratAnand Sharma says the report that praises the Gujarat model of land acquisition and green clearance was not of the commerce ministry that h...
- Kingfisher crisis may force Vijay Mallya to sell part of United Spirits to DiageoThe cash-guzzling KFA has left Vijay Mallya with no choice but to loosen hold on the recession-proof cash cow that is liquor.
- Bacardi eyes stake in Mallya companyWorld's largest privately-held spirits co Bacardi will shed its slow-mover tag in India and pursue acquisition opportunities in the region....
- United Spirits outlines Shaw Wallace mergerThe board of United Spirits Ltd has formally approved the long expected merger of Shaw Wallace & Co with itself. The board which met on Wed...
- Diageo may buy into United SpiritsDiageo is said to have evinced interest in picking up a minority stake in Vijay Mallya’s liquor flagship United Spirits.
- UB earmarks up to $1bn for overseas acquisitionThe UB Group on Wednesday said that it has earmarked $500 million to $1 billion for an overseas acquisition.
- CLB suspends voting rightsThe Company Law Board (CLB) on Friday passed an interim order suspending the voting rights of McDowell & Co Ltd (McDowell) and United Brewe...
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