Tag Archive for Technology

L&T Technology Services posts robust growth & operational performance in Q3

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the third quarter ended December 31, 2018.

 

Highlights for Q3FY19 include:

 

  • USD Revenue at $185.7 million; growth of 4.8% QoQ and 23% YoY
  • Revenue at ₹13,169 million; growth of 4% QoQ and 36% YoY
  • EBITDA margin at 18.4%; up by 310bps YoY
  • Net profit at ₹1,856 million; growth of 47% YoY

 

During the quarter, LTTS won 8 multi-million dollar deals across all industry segments. On a YoY basis, LTTS has increased its USD50mn+ clients by 2, USD10mn+ clients by 4 and its USD5mn+ clients by 10.

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L&T Technology Services wins IoT Platforms Leadership Award 2018 for its Integrated MCare solution powered by UBIQWEISE 2.0™

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure play engineering services company has been honored with the 2018 IoT Platforms Leadership Award by IoT Evolution Magazine, a U.S. based technology publication. LTTS secured the recognition for their IoT powered Condition Based Monitoring (CBM) Solution ‘Integrated MCare’ that facilitates predictive maintenance of machines.

Integrated MCare, LTTS’ turnkey solution which leverages the Company’s IoT platform UBIQWEISE 2.0™ incorporates next-gen technologies like artificial intelligence & IoT that aids manufacturers in making informed decisions in a timely manner. The solution incorporates integrated machine learning algorithms to analyze critical data from industrial machinery used in a variety of sectors. Integrated MCare has been successfully deployed for over a dozen global customers across industries like Automotive, Energy and CPG.

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BR Life SSNMC opens state-of-the art 24×7 blood bank with advance technology

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Colonel Hemraj Singh Parmar, Group CEO of BR Life inaugurates BR Life SSNMC 24x7 blood bank with advance technology

A Hi-tech facility blood bank has been inaugurated in BR Life SSNMC Super Specialty Hospital, Rajarajeshwari Nagar. The main aim of this blood bank is to cater to the people in need with the quality blood and advanced technology. To mark the inauguration visitors and the hospital staff participated in the blood donation drive.

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CMR Institute of Technology adopts Marasandra village

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

City-based CMR Institute of Technology (CMRIT) has adopted Marasandra village with the help of village Gram Panchayat. A MoU was also signed between CMRIT and Marasandra, Mandur, Jalahobli, Bengaluru. CMRIT has taken up this initiative to help the village in the area of education, healthcare, agriculture, energy, environment, and others, through various schemes and seminars. CMRIT and Marasandra communities will work together at the grass-root level, enabling them to pursue the common goal for overall development of the village.

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Continental honors L&T Technology Services with Supplier of the Year Award

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Gaurav Gupta (Centre), Chief Business Officer, Europe at L&T Technology Services with the Supplier of the Year award from Continental, along with officials from Continenta

L&T Technology Services (NSE: LTTS), a leading global pure play engineering services company, has been conferred with the ‘Supplier of the Year 2017 Award’ by Continental, a leading German technology company. LTTS is the only engineering partner to have been awarded the prestigious accolade.

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Midea Group lays the foundation stone for Technology Park in Maharashtra, India, with a new investment of ₹1,350 Crore; supports ‘Make in India’ initiative

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Chief Minister, Maharashtra, Shri Devendra Fadnavis announcing foundation stone laying of Midea Group in Pune, Maharashtra

Midea Group, a global consumer appliance conglomerate and a Fortune 500 Company, today laid the foundation stone for the Technology Park at Supa Parner in Maharashtra, India, with manufacturing plants for home appliances, HVAC and compressors. The foundation stones were laid by The Honorable Chief Minister of Maharashtra, Shri Devendra Fadnavis; Mr. Xiangjian He, Founder, Midea Group; and Mr. Paul Fang, Chairman, Midea Group.

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Overwhelming Response to Third Edition of MET (Material Engineering & Technology) & HTS (Heat Treat Show) 2018

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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Nitin Gadkari lighting the lamp and standing from left to right a) Shailendra Roy of L& T b)Sunil Kulkarni of Mahindra & Mahindra c) Sajjan Jindal of JSW d) Pradeep Goyal , Chairman , MET

The third edition of MET ( Material Engineering & Technology ) and HTS ( Heat Treat Show ) concluded recently at Cidco Exhibition and Conference Centre , Vashi , Navi Mumbai and was a roaring success . This three day event witnessed the creme de la creme from industry , government and academia in participation and provides the ideal platform for extremely futuristic technologies and processes to be taken forward and implemented . This event is the brainchild of ASM( A Society Of Materials ) India chapter . Read more

L&T Technology Services (LTTS) wins USD 40 million Engineering Content Management (ECM) Deal in Europe

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By Vivek K. Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, today announced that it has won a multi-year deal to provide digital content management services to a leading technology company’s industrial products segment.

The deal is expected to run for a period of 5 years with an aggregate revenue potential of USD 40 million, covering Engineering Content Management (ECM) programs in the US and European regions.

LTTS will leverage centers in Europe, US & India while assuming complete ownership and talent to manage content for all current and future product suites for the customer. This would include technical design specifications, diagnostic solutions for service engineers and product training for customers & engineers, thereby supporting the entire ECM cycle from product conceptualization to developing digital content platforms. Read more

‘Food India by SIAL’ Will Bring Technology & Investment in Food Processing in India- Harsimrat Kaur Badal

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Smt. Harsimrat Kaur Badal, Minister, MOFPI, GOI, inaugurating '1st FoodIndia by SIAL' at Pragati Maidan, along withMs Valerie LOBRY-GRANGER, MD-Comexposium-Food SIAL

1st edition of ‘Food India by SIAL’- Comexposium & Inter Ads Exhibitions’ most comprehensive B2B show for the food and beverage industry, kick started to an enthusiastic response at Hall No. 12 & 12A of Pragati Maidan, New Delhi on 16th September.

The 3 day B2B Exhibition is powered by Ministry of Food Processing Industries, Govt. of India and was inaugurated by Honourable Minister, MOFPI,  Smt. Harsimrat Kaur Badal.

The 1st Edition of ‘Food India by SIAL’ has over 150 Exhibitors from India and 13 other countries like Switzerland, France, UK, Russia, China, Indonesia,  besides pavilions from Italy, Turkey & Korea. Read more

L&T Technology Services enters into agreement to acquire Graphene Semiconductor Services

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, has executed a definitive agreement to acquire 100% stake in Bangalore-based Graphene Semiconductor Services Private Limited (“Graphene”) by way of an all cash deal. The transaction is expected to be consummated by October 2018.

Graphene is one of the fastest growing companies in the Semiconductor Services domain with a presence in India, Singapore, Taiwan, and Malaysia. Counting 10 of the world’s top semiconductor fabrication and fabless companies as its customers, Graphene provides end-to-end solutions— right from chip design, embedded software, all the way through providing support to mass manufacturing, thereby being a one-stop service and solution provider. Graphene was awarded the title of “Best Startup 2016″ by Mentor Graphics and Silicon India. Graphene had revenues of INR 663 million for the year ended March 31, 2018. Read more