L&t

Thursday, Apr 18, 2024 | Last Update : 06:49 PM IST

Since he began working with people he have learned one of the important lesson which he want to convey to youths that, “Interest and dedication towards your work is the important aspect of growth” — By arrangement

Going beyond academics, Entrepreneur Shivam Joshi proved his mettle

He represented Maharashtra State in Faridabad Global Innovation (FGSI 2020) and stood 3rd

31 Jul 2021 1:01 AM

Something like this: A visualisation of the Central Vista project. (Image: HCP Designs)

Tata Projects wins new Parliament project, L&T loses out

Rs 861 crore project will be completed in 21 months

16 Sep 2020 8:00 PM

L&T board reappoints AM Naik as non-executive chairman for three years

Starting off as a junior engineer in 1965, Naik has seen L&T become a multinational conglomerate

06 Jun 2020 4:26 PM

The consolidated total income during the July-September quarter increased to Rs 35,924.89 crore, over Rs 31,086.59 crore in the year-ago period, the filing said. (Photo: File | PTI)

L&T Q2 profit rises 13 per cent to Rs 2,527 crore

The company had posted a consolidated PAT of Rs 2,230.49 crore in the year-ago period, Larsen & Toubro said in a filing to the BSE.

23 Oct 2019 6:12 PM

The 182-metre-tall statue was unveiled by Prime Minister Narendra Modi on October 31 last year. (Photo: File)

'Statue of Unity' shortlisted for UK-based structural award

It is among the 49 structures that will vie for the prestigious award, according to the institution's website.

04 Aug 2019 3:40 PM

The company's stock dropped 8.07 per cent to close at Rs 691.30 on the BSE.

Mindtree shares plunge 8 per cent on disappointing Q1 results

In terms of traded volume, 7.32 lakh shares of the company were traded on the BSE during the day.

18 Jul 2019 5:26 PM

While the founders continue to hold onto their about 13 per cent stake, on July 5, CEO Rostow Ravanan, Chairman Krishnakumar Natarajan and Vice Chairman Parthasarathy NS announced their exit from Mindtree Board and the management.

Mindtree board appoints L&T chief A M Naik as non-executive chairman

The move follows the construction major acquiring over 60 per cent stake in the Bengaluru-based IT company.

18 Jul 2019 11:18 AM

The MindTree scrip tanked 12 per cent to Rs 760 on the BSE.

MindTree shares tumble 14.6 pc after chairman, CEO quit

The founders had vehemently opposed L&T bid, terming it hostile and as a grave threat and value destructive to shareholders.

08 Jul 2019 1:11 PM

Construction major L&T held 9.87 crore equity shares in Mindtree as on July 2 following its recently-concluded open offer, according to the filing by Mindtree.

Mindtree says L&T categorised as promoter with 60.06 pc stake

The development is significant as the Mindtree founders had initially resisted the hostile takeover bid.

03 Jul 2019 8:32 PM

Emails sent to the company seeking details of the restructured Board post the latest appointments did not elicit any response.

L&T to get 3 seats on Mindtree Board; Subroto Bagchi to step down

Mindtree said L&T CEO and MD S N Subrahmanyan will join its Board as Non-Executive Director with effect from July 16.

21 Jun 2019 9:52 AM

The committee has also approved the appointment of Prasanna Rangacharya and Deepa Gopalan Wadhwa as independent directors, the filing said.

L&T to get three Board positions in Mindtree

IT firm Mindtree on Thursday said L&T CEO and MD SN Subrahmanyan will join its Board as Non-Executive Director with effect from July 16.

20 Jun 2019 6:46 PM

On June 7, the infrastructure major Larsen & Toubro announced a Rs 5,030-crore open offer to acquire an additional 31 per cent stake in mid-tier IT company Mindtree at a price of Rs 980 per share.

Mindtree independent directors say L&T's offer price at Rs 980/share is reasonable

Mindtree shares closed at Rs 975.50 a piece on NSE and Rs 974.65 a share on BSE.

12 Jun 2019 12:22 PM

The USD 20 billion diversified L&T Group has a market cap of about Rs 2.5 lakh crore at present.

L&T market capitalisation to touch Rs 3 lakh crore in five years: AM Naik

Naik narrated how he aspired to be a manager in L&T and retire when he would get Rs 1,000 salary.

21 May 2019 6:32 PM

In all, L&T is eyeing up to 66 per cent stake in Mindtree for around Rs 10,800 crore.

L&T acquires 1,168 shares of Mindtree

Shares of Mindtree ended at Rs 974.25 apiece on the BSE on Tuesday, 0.13 per cent lower than the previous closing.

14 May 2019 6:47 PM

"This is to inform you that, Larsen and Toubro Ltd has acquired 33,05,775 equity shares (with face value of Rs 10 each) of Mindtree Ltd, since its last disclosure...made on May 8, 2019," L&T said in a filing.

L&T acquires additional 2 pc stake in Mindtree; takes total holding to 26 pc

L&T had earlier purchased around 20 pc stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal.

10 May 2019 9:31 AM

Last month, L&T had acquired Cafe Coffee Day owner VG Siddhartha's 20.32 per cent stake in Mindtree, and placed an order with brokers to pick up another 15 per cent shares from the open market.

Mindtree's special dividend could strip firm of Rs 320 cr ahead of L&T takeover

Asked if Mindtree anticipated any objection from L&T on its latest move, Ravanan said: 'I have absolutely no idea.'

17 Apr 2019 7:26 PM

It is useful to talk about the Sensex and the Nifty and measure the performance of portfolios in comparison to these indexes. Let me dig up what companies formed the Sensex when it was first presented.

Investing in index SIPs ideal for new investors

There are index funds and Exchange Traded Funds that mimic the index. Buying them, we are assured of ‘market returns’.

08 Apr 2019 1:47 AM

In a tweet, the Competiton Commission of India (CCI) said, "it approves the acquisition of up to 66.15 per cent of the total equity shareholding of Mindtree Ltd, on a fully diluted basis, by Larsen and Toubro Ltd".

CCI approves L&T's proposed acquisition of 66.15% stake in Mindtree

Deals beyond a certain threshold require clearance from the fair trade regulator CCI.

06 Apr 2019 10:06 AM

The announcement came at a time when L&T has made an offer to buy up to 66 per cent stake in IT firm Mindtree for around Rs 10,800 crore.

Larsen & Toubro expects USD 1 bn revenue from L&T Nxt in 5-7 years

L&T Nxt will focus on artificial intelligence, IoT, virtual reality, augmented reality, geospatial solutions and cybersecurity.

31 Mar 2019 3:41 PM

"The board of directors of the company, at a meeting held on March 26, 2019, has decided not to proceed with a buy-back of equity shares of the company," Mindtree said in a regulatory filing.

Mindtree forms panel over L&T open offer, nixes share buyback plan

Mindtree co-founders have opposed the bid by L&T to acquire it.

26 Mar 2019 6:27 PM

1 of 2

Columns

Syed Ata Hasnain

l&t