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 l t technology services gain on multi million dollar deal from covestro
l&t technology services gain on multi-million dollar deal from covestro

L&T Technology Services (LTTS) was trading 2% higher at Rs 1,206 on the BSE in an otherwise weak market after company announced that the German chemical major Covestro awards LTTS multi-million dollar Engineering and R&D (ER&D) project. “Covestro is running a digitalization program for engineering, operations and maintenance activities: “OSI2020” (Optimized System Integration). Within this program, LTTS has been selected as the engineering partner to drive digital transformation across Covestro’s 8 global locations, especially in the area of data migration,” L&T Group Company said in a press release. “It is our privilege to enter into this engineering partnership with Covestro, the world's leading supplier of high-tech polymer materials, and work with them on solutions that will benefit Co

markets live: nifty below 10,000, sensex down 500 pts amid trade war fear

L&T Technology Services ont style="color:#666;background-color:#fff5a9;">gainont> on multi-million dollar deal from Covestro

L&T Technology Services (LTTS) was trading 2% higher at Rs 1,206 on the BSE in an otherwise weak market after company announced that the German chemical major Covestro awards LTTS multi-million dollar Engineering and R&D (ER&D) project. READ MORE Markets at Noon

 




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NEWS WATCH Insolvency resolution: T

canberra firm intelledox signs multi-million dollar us deal

It's a long way from the back blocks of Fyshwick to the world capital of finance.For Canberra ont style="color:#666;background-color:#fff5a9;">technologyont> entrepreneurs Phillip Williamson and Michelle Melbourne, it has been a more than two decade labour of love, propelled by one of the most important products you probably don't realise you use all the time.
Intelledox co-founders Phillip Williamson and Michelle Melbourne on Friday. Photo: Jamila ToderasCo-founders of software ont style="color:#666;background-color:#fff5a9;">technologyont> company Intelledox, the pair have built a roster of clients including federal departments, state and territory governments, ASX top 200 firms and large international companies, selling their unique Infiniti software.With 15 million users worldwide, Infiniti uses data-driven ont style="color:#666;background-color:#fff5a9;">technologyont> to improve customer service and engagement.
ACT Chief Minister Andre

canberra firm intelledox signs multi-million dollar us deal

It's a long way from the back blocks of Fyshwick to the world capital of finance.For Canberra ont style="color:#666;background-color:#fff5a9;">technologyont> entrepreneurs Phillip Williamson and Michelle Melbourne, it has been a more than two decade labour of love, propelled by one of the most important products you probably don't realise you use all the time.
Intelledox co-founders Phillip Williamson and Michelle Melbourne on Friday. Photo: Jamila ToderasCo-founders of software ont style="color:#666;background-color:#fff5a9;">technologyont> company Intelledox, the pair have built a roster of clients including federal departments, state and territory governments, ASX top 200 firms and large international companies, selling their unique Infiniti software.With 15 million users worldwide, Infiniti uses data-driven ont style="color:#666;background-color:#fff5a9;">technologyont> to improve customer service and engagement.
ACT Chief Minister Andre

learn app development from the master

Imagine you had the know-how to build apps like Uber and Instagram? Surely building other multi-million dollar apps would then only be a matter of having the right idea. The Complete Android Developer Course will show you exactly that.In the course of building 14 apps -including clones of the two mentioned above- Rob Percival will introduce you to the art of building an app for Android M. Percival is one of the real big-hitters of the coding game; what he doesn’t know about developing apps probably isn’t worth knowing. Over 31 hours of training he will equip you with all the tools to be building your own apps and peddling them on Google Play for profit.Building other multi-million dollar apps would then only be a matter of having the right idea.There’s also an introduction to Android Wear,

l&t technology services hits new high; stock zooms 56% post q3 results

L&T Technology Services (LTTS) has surged 18% to Rs 1,547, also its new high since listing on September 30, 2016 on BSE on back of heavy volumes. Since January 18, 2018, post October-December quarter (Q3FY18) results, the stock soared 56% from Rs 989 as compared to 2.7% decline in the S&P BSE Sensex.LTTS had reported sequential US dollar revenue growth of 8.3% at $ 151 million in October-December quarter (Q3FY18). On constant currency (CC) basis revenue growth during the quarter under review at 8.3% over the July-September (Q2FY18) quarter. “LTTS’s growth will be driven by large client mining (T30-A3 strategy) with marquee base (48 of top-100 global ER&D as clients with large addressability) and strong deal momentum supplemented by S&M investments, vertical-wide strong deal wins (USD 50 mi

l&t infotech, l&t technology services hit 52-week high

Shares of two Larsen & Toubro (L&T) Group companies - L&T Infotech (LTI) and L&T Technology Services (LTTS) – hit their respective 52-week highs by rallying 7% each on the BSE in intra-day trade in an otherwise subdued market.LTI, a global ont style="color:#666;background-color:#fff5a9;">technologyont> consulting and digital solutions company, rallied 7% to Rs 1,229, while LTTS which focuses on engineering and R&D (ER&D) ont style="color:#666;background-color:#fff5a9;">servicesont>, too surged 7% to Rs 1,141 on the BSE. At 11:08 AM; the S&P BSE Sensex was up marginally by 0.05% at 33,829 points.
In past three months, LTI and LTTS have outperforming the market by ont style="color:#666;background-color:#fff5a9;">gainont>ing 53% and 44%, respectively, aont style="color:#666;background-color:#fff5a9;">gainont>st 8% rise in the benchmark index.LTTS had reported a strong 24.9% q-o-q growth in net profit at Rs 123 crore in Q2FY18. Revenue grew 9.5% q-o-q to Rs 901 crore. In US dollar terms, revenue gre

deal wins, demand growth to sustain l&t it twins' outperformance

Two information ont style="color:#666;background-color:#fff5a9;">technologyont> (IT) ont style="color:#666;background-color:#fff5a9;">servicesont> stocks from the L&T stable - L&T Infotech and L&T Technology Services - are riding high, even as the sector is coming to grips with a gradual rebound in demand from global clients and the Street remains cautiously optimistic. Given the strong outlook of the two companies, both stocks have nearly doubled over the previous six months and outperformed their peers as well as the IT sector by a mile. While Larsen & Toubro (L&T) has an 89 per cent stake in L&T Technology Services, which offers engineering research and development (R&D) ont style="color:#666;background-color:#fff5a9;">servicesont>, ...

pm unveils multi-billion dollar 'western sydney city deal'

A long-awaited multi-billion dollar plan to transform western Sydney as it faces a future of explosive population growth has been inked by three levels of government.The Western Sydney City Deal was officially unveiled by Prime Minister Malcolm Turnbull, NSW Premier Gladys Berejiklian and eight local councils at the Werrington Park Corporate Centre on Sunday morning.Glossy brochures, slick videos and promotional posters greeted a large audience of public officials and media with Mr Turnbull saying the deal would bring "historic change for the better for western Sydney".MORE NEWSWestern Sydney, with a present population of about two million people, is expected to add another million people by the early 2030s, a scoping study released with the plan reveals.Transport woes plague the region, d

presstv-iran re-establishes ties with total with $4.8 bn deal

Hamid Javani Press TV, TehranFrench energy giant Total has signed a multi-billion-dollar gas deal with Iran to develop the South Pars offshore gas field. The deal is lucrative for both Tehran and the European company. Our correspondent Hamid Javani reports. 

remy ma signs deal with columbia records

Since Remy Ma's release from prison in 2014, she has etched together a formidable resume that's seen her career go "All the Way Up" with her 2015 booming single. Now, the punchy MC's hot streak continues after Billboard confirms a Baller Alert report stating that she inked a multi-million dollar deal with Columbia Records. According to Baller Alert, Remy was fielding offers from several labels before electing to sign with Columbia. For the "Feels Go Good" star, her debut album and lone release, There's Something About Remy, dropped in 2006 under SRC Records, Universal Records and Terror Squad. The album spawned a bevy of anthemic singles including "Whateva" and "Conceited," despite an underwhelming opening week.The following year, Remy was embroiled in a messy legal situation after shootin

richmond insists dustin martin contract won't clog salary cap

Richmond chief executive Brendon Gale insists the Tigers will continue to have room to trade and secure prized free agents despite having Dustin Martin's multi-million dollar contract to deal with.

veterans welcome new mental health funding

Veterans with mental health issues are set to get a multi-million-dollar boost in the budget to give them free access to a greater range of support ont style="color:#666;background-color:#fff5a9;">servicesont>. Veterans advocates have welcomed news of a $350 million support package for former soldiers and their families in Tuesday's budget, but say more needs to be done.The package is set to include more than $220 million in spending on mental health, suicide prevention and programs to help personnel transition to civilian life, according to News Corp Australia.That will include more than $30 million for non-liability mental health ont style="color:#666;background-color:#fff5a9;">servicesont> to ex-servicemen and women who will no longer have to prove their mental health condition is linked to their service before receiving treatment.The government will also spend $10 million on suicide preven

foreign bidding war for rio's australia coal mines

A multi-billion dollar bidding war for most of Rio Tinto's Australian coal mines has broken out between China-backed Yancoal and Glencore after the Swiss commodities giant made an unexpected offerA multi-billion dollar bidding war for most of Rio Tinto's Australian coal mines has broken out between China-backed Yancoal and Glencore after the Swiss commodities giant made an unexpected offer.
Rio, the world's second-largest miner, is exiting coal mining in Australia at a time of falling prices and market volatility.The Anglo-Australian firm in January said it was selling Coal & Allied, to Yancoal Australia—which is majority controlled by China's Yanzhou Coal, one of China's largest mining groups by market capitalisation—for US$2.45 billion.But Glencore, which already owns mines near the Co

google will reportedly buy lytro for $40 million

Google will reportedly buy Lytro for no more than $40 million, though an exact sale figure could not be determined.Lytro is known for its light field ont style="color:#666;background-color:#fff5a9;">technologyont>, though the company also released two cameras.The deal would put Lytro’s 59 patents under Google’s control.Founded in 2006, Lytro is more known for its light field ont style="color:#666;background-color:#fff5a9;">technologyont> than its experimental cameras that featured the ont style="color:#666;background-color:#fff5a9;">technologyont>. Lytro might also be the latest company that Google has its eyes on, with the search giant reportedly looking to buy it for no more than $40 million.TechCrunch‘s sources appeared unsure about the exact sale value. Even though one source said Google will buy Lytro for $40 million, another said the sale might be as low as $25 million.Sources also said Lytro was shopped around to Facebook and Apple, thoug

number of irish multi-millionaires on the rise

Irish Sun Thursday 2nd March, 2017• About 5,000 Irish people became dollar millionaires last year• A third of Ireland's millionaires live in Dublin• About 50 people hit "ultra high net worth" with assets over $30 millionDUBLIN, Ireland - The rising cost of property in Ireland, that eventually led to improved wealth, has led to an increasing number of Irish dollar millionaires. According to the Wealth Report 2017, prepared by estate agents Knight Frank, nearly 5,000 Irish people became dollar millionaires last year.The report revealed that there were 83,100 people with investable assets of over $1 million (950,000 euros) last year, a 6 percent increase on the 2015 figure.Further, with the millionaires club rapidly expanding, there will be 100,000 Irish millionaires within the decade.Accordi

nielsen renews $2.25 billion tcs contract

IT giant Tata Consultancy Services bagged a $2.25 billion deal from Nielsen from television ratings company Nielsen in one of the largest outsourcing deals for Indian IT sector.
The two companies had struck a 10-year deal in 2008 for $1.2 billion, which was expanded to $2.5 billion in 2013.
According to Nielsen’s filing with the US Securities and exchange commission, Nielsen will purchase ont style="color:#666;background-color:#fff5a9;">servicesont> from TCS in the amount of $2.25 billion, including a commitment to purchase at least $320 million in ont style="color:#666;background-color:#fff5a9;">servicesont> per year starting 2017 till 2020. Further $186 million in ont style="color:#666;background-color:#fff5a9;">servicesont> will be purchased per year between 2021 to 2024, and $139.5 million in ont style="color:#666;background-color:#fff5a9;">servicesont> in 2025.
As part of the contract, TCS will globally provide Nielsen ont style="color:#666;background-color:#fff5a9;">servicesont> in the line of application development, maintenance, busine

driverless tech startups are driving past a trillion-dollar opportunity

This is a guest post. The views expressed here are solely those of the author and do not represent positions of IEEE Spectrum or the IEEE.A couple of years ago, I raised eyebrows when I argued that autonomous vehicles would be a trillion-dollar industry. It turns out that I was being too conservative: A recent report by Intel and Strategy Analytics estimates that autonomous driving ont style="color:#666;background-color:#fff5a9;">technologyont> will enable markets worth upwards of $7 trillion. This number includes new kinds of mobility ont style="color:#666;background-color:#fff5a9;">servicesont> and applications that, according to the study, will be made possible by advances in sensing, vision, simulation, mapping, vehicle-to-vehicle communications, and other areas.But here’s the thing: Many of the tech companies, big and small, working on advanced vehicle ont style="color:#666;background-color:#fff5a9;">technologyont> seem focused on one thing

driverless tech startups are driving past a trillion-dollar opportunity

This is a guest post. The views expressed here are solely those of the author and do not represent positions of IEEE Spectrum or the IEEE.A couple of years ago, I raised eyebrows when I argued that autonomous vehicles would be a trillion-dollar industry. It turns out that I was being too conservative: A recent report by Intel and Strategy Analytics estimates that autonomous driving ont style="color:#666;background-color:#fff5a9;">technologyont> will enable markets worth upwards of $7 trillion. This number includes new kinds of mobility ont style="color:#666;background-color:#fff5a9;">servicesont> and applications that, according to the study, will be made possible by advances in sensing, vision, simulation, mapping, vehicle-to-vehicle communications, and other areas.But here’s the thing: Many of the tech companies, big and small, working on advanced vehicle ont style="color:#666;background-color:#fff5a9;">technologyont> seem focused on one thing

tcs wins $690 mn deal with uk's m&g prudential; second deal this year

Tata Consultancy Services (TCS) signed a ten-year $690 million contract with M&G Prudential, the UK and European savings and investments business unit of Prudential Plc, to support over four million customer policies. This will be the second insurance company win for TCS this year after it signed its biggest deal ever of over $2 billion with US insurance firm Transamerica last week. In both the deals, TCS will transition the entire work on its Bancs platform and support these policies. The TCS Bancs platform already processes over 17 million policies and has emerged as the leader in the UK life and pension administration market. Both M&G Prudential and Transamerica are new clients that TCS has won on the promise of migrating existing systems to a newer digital platform that improves effici

real estate and property market news

A renovated bungalow in Bardon sold under the hammer for a multi-million-dollar figure, despite increased competition between buyers in Brisbane’s inner-west.

india inc announces m&a deals worth $1,893 mn in february: thornton report

Corporate India announced merger and acquisition (M&A) deals worth $1,893 million in February this year, registering a 40 per cent increase in value terms over the year-ago period was driven by big-ticket transactions, says a report.
According to assurance, tax and advisory firm Grant Thornton, there were 40 M&A transactions worth $1,893 million in February, while in the corresponding period a year ago there were 32 such deals worth $1,354 million.
This increase in M&A deal value in February was driven by big-ticket consolidation that saw four deals valued over $100 million contributing to 79 per cent of the total M&A values.
In February, IT & ITeS sector led the deal activity accounting for 39 per cent of total deal value driven by Birlasoft's merger with KPIT Technologies. IT solut

india, russia to ink deal on 5th-gen fighter design

After years of delay, India and Russia are likely to soon ink a "milestone" pact to finalise the detailed design for the fifth-generation fighter aircraft (FGFA) and move ahead with the multi-billion dollar co- development project.Government sources said almost all the ground work has been completed to finalise the deal for design of the jet as well as some other critical issues."The contract for the detailed design would be signed soon and that will be a major milestone. It should be signed in the second half of the year," a top official involved in the negotiations with Russia on the project said.Asked whether India has linked the project to full-scale transfer of ont style="color:#666;background-color:#fff5a9;">technologyont>, the official, who requested anonymity, said both the countries are co-developers and India will have equal rights

australia ready to shine on international basketball stage: dante exum

Following in the footsteps of Australian basketball greats is on Melbourne-born Dante Exum's 'to-do' list, so is representing Australia at the Olympics. Australia's basketball stars have been in high demand during the NBA's free agency period with Patty Mills, Joe Ingles and Aron Baynes both inking new multi-million dollar deals.For Dante Exum, one of the seven Australian's currently playing in the top competition in the world - there's a belief the Boomers are ready to shine on the biggest stage after just missing out on a medal at last year’s Rio Olympics.MORE NEWS:Tomic got off lightly for 'bored' comments says Brad GilbertBrad Gilbert, former coach to Andre Agassi and Andy Murray, believes Australian Bernard Tomic got off lightly for his comments about being bored at Wimbledon and coul

australia ready to shine on international basketball stage: dante exum

Following in the footsteps of Australian basketball greats is on Melbourne-born Dante Exum's 'to-do' list, so is representing Australia at the Olympics. Australia's basketball stars have been in high demand during the NBA's free agency period with Patty Mills, Joe Ingles and Aron Baynes both inking new multi-million dollar deals.For Dante Exum, one of the seven Australian's currently playing in the top competition in the world - there's a belief the Boomers are ready to shine on the biggest stage after just missing out on a medal at last year’s Rio Olympics.MORE NEWS:Tomic got off lightly for 'bored' comments says Brad GilbertBrad Gilbert, former coach to Andre Agassi and Andy Murray, believes Australian Bernard Tomic got off lightly for his comments about being bored at Wimbledon and coul

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