Mindtree Q1 profits decline more than 40%, revenues clock 11% growth

Vignesh Ananthraj

Bengaluru-based software services firm Mindtree Ltd reported a more than 40% drop in net profits for the quarter ended June 30, ....

17 July, 2019

L&T Infotech to acquire AI&ML firm Lymbyc Solutions for Rs 38 crore

Anirban Ghoshal

Just after closing a hostile takeover of mid-tier IT services firm Mindtree, engineering conglomerate Larsen & Toubro (L&T), ....

17 July, 2019
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L&T chief says Mindtree will remain independent post recent acquisition

Vignesh Ananthraj

Larsen and Toubro (L&T) chief executive and managing director SN Subrahmanyan has said that recently acquired information ....

9 July, 2019

Mindtree founders Ravanan, Natarajan and Parthasarathy resign from company

Vignesh Ananthraj

Krishnakumar Natarajan, NS Parthasarathy and Rostow Ravanan have resigned from Mindtree Ltd within days of Larsen & Toubro ....

5 July, 2019

L&T asks Mindtree CEO to step down: report

Vignesh Ananthraj

L&T has asked Rostov Ravanan, the CEO of Mindtree, to step down in a meeting between the L&T top brass and the Mindtree ....

5 July, 2019

L&T is now classified as Mindtree promoter; Infosys delays hikes for seniors

Anand J

Engineering conglomerate Larsen & Toubro (L&T) has been classified as the promoter group of Bengaluru-based information ....

4 July, 2019
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L&T pays Mindtree shareholders who took part in open offer

Anand J

Engineering conglomerate Larsen & Toubro (L&T) has paid all Mindtree investors whose shares were accepted in the open ....

3 July, 2019

L&T now owns 60% of Mindtree; founders offloading shares

Anirban Ghoshal

Engineering conglomerate Larsen & Toubro (L&T) has completed the acquisition of 31% shares of Mindtree Technologies via ....

27 June, 2019

Autonomic architectures should top CTOs’ priority list: Mindtree report

Vignesh Ananthraj

Bengaluru- and New Jersey-headquartered technology solutions provider Mindtree has released the fifth edition of Tech Beacon, ....

24 June, 2019

L&T seeks three Mindtree board seats; Wipro to lose two long-serving execs: Reports

Tanmay Tiwary

Larsen and Toubro (L&T) has written to Mindtree seeking three seats on its board as the engineering giant presses ahead with ....

18 June, 2019
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Mindtree independent directors say L&T open offer is ‘fair and reasonable’

Anand J

Five days before engineering major Larsen & Toubro (L&T)'s open offer for IT firm Mindtree begins, the latter's ....

12 June, 2019

Adobe India head quits; Salesforce to buy data visualisation company

Vignesh Ananthraj

Adobe India and South Asia managing director Kulmeet Bawa has resigned to explore opportunities outside the graphic-software giant, ....

11 June, 2019

L&T’s open offer for Mindtree to begin on June 17

Anirban Ghoshal

Engineering conglomerate Larsen & Toubro’s (L&T) open offer to pick up a stake of up to 31% from the public shareholders ....

7 June, 2019

Tech Mahindra opens technology centre in Missouri, US

Anand J

Software services firm Tech Mahindra has opened a technology centre in the United States, the company said in a statement. The ....

4 June, 2019

SEBI approves L&T's open offer for Mindtree: Reports

Anand J

The Securities and Exchange Board of India (SEBI) has approved engineering major Larsen and Toubro's open offer to buy Mindtree ....

31 May, 2019

Cognizant to give freshers 18% more; L&T’s open offer for Mindtree may get delayed

Tanmay Tiwary

IT firm Cognizant will offer 18% more salaries to freshers from the next year and there will be no mass job cuts, The Economic ....

30 May, 2019

Mindtree opens service delivery centre in Atlanta

Anand J

Software services firm Mindtree Ltd has opened a new IT services delivery centre in Atlanta, US. The on-shore centre will provide ....

29 May, 2019

L&T buys more Mindtree shares from open market

Anand J

Engineering major Larsen and Toubro (L&T) is continuing to buy shares of acquisition target Mindtree from the open market ....

25 May, 2019

L&T picks up additional stake in Mindtree, open offer may begin in 10-12 days

Anand J

Engineering major Larsen and Toubro (L&T) has been slowly increasing its stake in software services firm Mindtree Ltd. The ....

21 May, 2019

L&T picks up additional stake in Mindtree

Anand J

Engineering major Larsen and Toubro (L&T) has increased its stake in software services firm Mindtree Ltd to 26.48% from 25.94%. The ....

17 May, 2019

Digitisation to create jobs and not lay off workers: L&T's HR exec Sriram

Anand J

In late March, even as Larsen & Toubro (L&T) was plotting the launch of a hostile takeover bid for software services firm ....

15 May, 2019