Search Results for: Larsen and Toubro

Sensex, Nifty advance 2% after Centre takes steps to spur growth

The Sensex jumped over 762.74 points to 37,463.90, while the Nifty traded 216.95 points higher to top the 11,000-point mark at 11,046.30.

Aug 26, 2019

Danish MPs slam reports of Trump wanting to buy Greenland for US

Greenland is gaining attention from global superpowers including China, Russia and the United States due to its strategic location and its mineral resources.

Aug 16, 2019

Race for Mindtree top job heats up; L&T vows no interference amid staff worries

Cognizant former executives lead the race for Mindtree top job as company share hits a 52-week low on NSE; second-rung leadership worried about the firm's future.

Jul 9, 2019

Sensex nosedives 600 points: Here are 3 reasons behind the heaviest fall in 7 months

The 30-scrip Sensex closed 792.82 points or 2.01 per cent lower at 38,720.57 and the broader Nifty50 declined by 252.55 points or 2.14 per cent to 11,558.60.

Jul 8, 2019

L&T Technology Services share price L&T Technology Services microsoft deal azure systems

Growth, consolidation, or diversification? L&T's Mindtree CEO selection strategy

Although L&T has shortlisted three candidates to replace Rostow Ravanan as chief executive of newly acquired IT services firm, the final selection will show the engineering giant's plans for Mindtree.

Jun 30, 2019

Coffee with Coca-Cola: Soft drinks giant in talks to buy stake in Cafe Coffee Day

Cafe Coffee Day, a subsidiary of Coffee Day Enterprises promoted by VG Siddhartha, has a chain of 1,750 outlets.

Jun 27, 2019

Mindtree CEO on the way out as L&T gains more ground in ongoing tussle - Report

The founders of the Bengaluru-based Mindtree strongly opposed the takeover bid, touted to be the biggest in the Indian IT sector.

Jun 25, 2019

BJP 2.0 and markets: Investors with long-term view to reap great returns

After BJP's triumph in the Lok Sabha elections 2019, the market has given initial reaction to the political outcome and it may last for another couple of days.

May 27, 2019

L&T's purchase of 26% stake in Mindtree makes hostile takeover a done deal

The construction behemoth can seek a board seat and entry into the promoter group as the largest shareholder in the IT services firm.

May 10, 2019

L&T heads to US and EU for anti-trust watchdogs approvals for Mindtree takeover

After getting Indian competition czar's nod for buying a 66 per cent controlling stake in Mindtree, L&T needs approval in key markets for the Rs 10,700-crore acquisition.

Apr 7, 2019

Mindtree board dumps share buyback plan, is it advantage L&T?

The move may make it easier for L&T to gain control of the IT company, controlling shareholders of which have been resisting a takeover by the engineering-to-software behemoth.

Mar 27, 2019

Heart over head, poor acumen and lack of foresight? Mindtree's parallels with Infosys

L&T has deployed Rs 10,733 crore war chest to accumulate 66.41% of Mindtree shares after buying up Café Coffee Day founder VG Siddhartha's 20.32% stake.

Mar 25, 2019

Are Mindtree founders foolish, lower middle class folks?

Builders have arrived with excavators, bulldozers, chainsaws and cranes to destroy the tree, says Mindtree founder Subroto Bagchi.

Mar 22, 2019

You will now get free Wi-Fi at Cafe Coffee Day outlets across Bangalore and New Delhi

Who is VG Siddhartha? The restless entrepreneur and sagacious investor

Cafe Coffee Day founder Siddhartha offloaded his 20.32 per cent stake in Mindtree that he picked up over the years for an estimated Rs 340 crore for a whopping Rs 3,270 crore.