Page 2 - L&t Infotech

Larsen and Toubro Infotech CEO and MD Sanjay Jalona relinquishes office

Larsen and Toubro Infotech on Saturday said its Chief Executive Officer and Managing Director Sanjay Jalona has relinquished office. Jalona had resigned on May 6 after announcing the merger of Mindtree with Larsen and Toubro Infotech (LTI), citing personal reasons. "Sanjay Jalona has relinquished the office of chief executive officer and managing director of the company with effect from close of business hours of June 3, 2022," LTI said in a regulatory filing. The company is yet to announce Jalona's successor. He joined LTI from Infosys where he worked in various roles for over 15 years. After putting in his papers, Jalona in a blog post had said his tenure at LTI may not have been the longest one of his career, but it was certainly one of the most memorable. "I thoroughly enjoyed being on the steering wheel as the company grew from about USD 800 mn to USD 1 billion and then to USD 2 billion. Along the way, we created a unique position for ourselves and also, tremendous value for

L&T Infotech, Mindtree slide up to 5% after merger announcement

Shareholders of Mindtree will receive 73 shares of LTI in exchange for 100 shares in the former.

Top headlines: RIL profits surge, L&T Infotech-Mindtree merger, and more

Business Standard brings you the top headlines on Saturday

Mega merger: LTIMindtree to join the big league with scale and ambition

Upon the scheme becoming effective, Mindtree shareholders get shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree

Zomato, L&T Infotech, Solara, TTML plunge over 25% in one month

Shares of Zomato hit a new low of Rs 64.70, down 7 per cent on the BSE in Wednesday's intra-day trade

L&T Infotech and Mindtree merger to start on strong foundation: Analysts

L&T Infotech and Mindtree merger: Keeping in mind strong growth momentum, analysts tracking the sector were not too confident if this would be the right time to go in for a merger.

Despite good prospects, valuations concerns may cap upside in L&T Infotech

L&T Infotech's new deal wins and pipeline indicates strong demand environment.

Indices snap 5-day losing run; Sensex soars 574 pts, tops 57,000; RIL up 3%

CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers

Stocks to Watch: ACC, Mastek, PCBL, L&T Infotech, NBFCs, Sugar

Stocks to watch today: Shares of brokerage firms Angel One and ICICI Securities are also likely to be in focus ahead of the corporate earnings on Wednesday.

L&T Infotech Q4FY22 net rises 17% YoY to Rs 638 cr, up 4% sequentially

Buoyed by broadbased growth across verticals and geographies, firm posts strongest revenue addition for the fiscal, up nearly 32% YoY; attrition at 24% rises marginally QoQ

L&T Infotech's March quarter profit jumps 17% to Rs 637.5 crore

IT company Larsen & Toubro Infotech on Tuesday reported a 16.8 per cent increase in consolidated profit at Rs 637.5 crore in the quarter ended March. The company had recorded a consolidated profit of Rs 545.2 crore in the same period a year ago. The revenue from operations increased by 31.57 per cent to Rs 4,301.6 crore during the reported quarter. The same stood at Rs 3,269.4 crore in the year-ago period. For the year ended March 31, 2022, L&T Infotech recorded an 18.63 per cent rise in consolidated profit at Rs 2,296.8 crore. In the year-ago period, it was at Rs 1,936.1 crore. The company's annual income from operations grew 26.66 per cent to Rs 15,668.7 crore in the last fiscal compared to Rs 12,369.8 crore in 2020-21.

Indices fall for 5th day; Sensex cracks 703 pts, Nifty gives up 17,000

CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)

Stocks to Watch: Mindtree, ACC, L&T Infotech, Maruti, AU Bank, IDFC

AU Small Finance Bank may be in focus as the company will consider bonus issue along with results on April 26.

TCS, L&T Infotech: IT stocks are best bets amid current uncertainty

Stocks like TCS and LTTS may explore uncharted territories in current market volatility

L&T Infotech, L&T Technology, KPIT Technologies hit record highs

LTTS has gained 7 per cent after the company was selected as an engineering partner by Mavenir and NVIDIA, to accelerate adoption of the industry's first converged AI-on-5G

Sensex snaps 4-day losing streak, ends 145 pts up; broader indices decline

Stock market LIVE: The Bank Nifty ended 2 per cent higher at fresh record highs, while the broader indices - both BSE Mdicap and Smallcap declined around 1.7 per cent each

L&T Infotech continues to leave rivals trailing in its wake

Stock has risen 89% so far in 2021 and is up nearly 4x since March 2020

L&T Group shares in demand; L&T hits record high, LTI soars 16%

L&T, on Monday, emerged as the lowest bidder for the construction and maintenance of the first three buildings of the Common Central Secretariat under the Central Vista redevelopment project

L&T Infotech surges 10%, nears record high on robust Q2 results

The company reported the strongest sequential revenue growth of 8.9 per cent in constant currency terms during the July-September quarter

Stocks to Watch: HUL, ACC, Airtel, L&T Infotech, SBI, RIL, Adani Ports, IEX

L&T Infotech and UltraTech Cement are likely to react to Q2 numbers this morning, while focus shall also be on Hindustan Unilever, ACC and other stocks ahead of September quarter results