L&T Infotech News

Chatterjee will lead the merged entity. The name of the combined entity will be 'LTIMindtree'.

A total of 11 companies entered the capital markets in the first six months of 2016 with initial public offerings to raise a staggering Rs 7,775 crore, the highest in six years.

L&T Infotech, a subsidiary of engineering giant Larsen & Toubro, has withdrawn offer letters to around 1500 students.

L&T Infotech, a subsidiary of Larsen and Toubro Limited (L&T), today said it intends to expand its presence in the US and Europe and is in the process of augmenting its teams in high potential markets.

Jalona will operate out of L&T Infotech's office in New Jersey, USA.

Joining the IPO rush, business conglomerate Larsen & Toubro (L&T) will sell up to 15 per cent stake in its IT services unit L&T Infotech through a public issue estimated at about Rs 2,500 crore.

Industrial conglomerate Larsen & Toubro Ltd will list its IT services unit L&T Infotech by December this year, Chairman AM Naik told a private news channel.

As markets watchdog Sebi plans a capacity augmentation of its fraud detection system, IT majors, including Wipro, HCL, Tech Mahindra and L&T Infotech, have evinced interest in bagging the contract.

IT solutions service provider L&T Infotech has received a USD 10 million contract from state-run Rail Vikas Nigam (RVNL) to integrate its business functions.

The company is likely to close FY15 with revenues of USD 900 million, with a revenue growth at par with the industry's 13 percent, he said.

As president, Aghi will lead the council's strategic direction and policy priorities with the objective of enhancing the bilateral commercial relationship.