Larsen Toubro

Larsen Toubro News

Mindtree appoints former Cognizant executive as new MD, CEO

L&T's takeover of Mindtree marked India's first-ever hostile takeover in the IT space. The infrastructure giant had bought 20.32 per cent shares in Mindtree from late V G Siddhartha and his coffee enterprise for over Rs 3,000 crore in March.

Strongly believe L&T bid will be value destructive for all shareholders, say Mindtree promoters

The stock of Mindtree declined 2.03 per cent to close at Rs 943 on the BSE. Shares of L&T fell by 1.60 per cent to close at Rs 1,356.75. However, shares of L&T Infotech rose by 3.99 per cent to settle at Rs 1,636.05 per unit.

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Mindtree promoters condemn L&T’s takeover bid

With 66.32 per cent stake in Mindtree, L&T would become the majority shareholder. The IT company's shares fell at least 1.7 per cent on Tuesday.

Explained: What next in the Mindtree takeover saga?

Speculation is rife that L&T is in advanced stages of negotiations to buy out a 20.4 per cent stake held by Cafe Coffee Day's founder VG Siddhartha -- Mindtree's largest shareholder.

When productivity alone is a measure of worth, rest becomes countercultural

There’s a reason that the ritual of an annual holiday found its way into our work lives and it can be traced back to Biblical times. Since the Middle Ages, the Church recognised cessation from work one day a week, as essential to mind, body and spirit.

Larsen & Toubro board okays Rs 9,000-crore share buyback; stocks up 2 per cent

India’s second largest IT services company, Infosys had said in December 2017 that it completed its Rs 13,000 crore buyback programme.

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For $100-million, L&T Infotech to help govt track social media to catch tax evaders

"That is really advanced analytics. Now, that is like a $100-million deal for us. It's not a small deal," LT Infotech chief executive and managing director Sanjay Jalona told reporters.

Larsen & Tourbo profit rises 29.5% in Q4, makes 1:2 bonus issue

L&T's board of also proposed a bonus issue in the ratio of one for two (one bonus share for every two shares held) and a dividend of Rs 21 per share.

Army to get K9 Vajra-T howitzers

100-gun deal estimated to cost between Rs 4,500 crore and Rs 5,000 crore

L&T net profit dips 37.3% on ‘subdued investment climate’

Domestic orders consistent with year-ago quarter; international orders fall.

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