ltimindtree

Indian IT stocks surged Monday, with major players like Infosys and TCS gaining up to 5%. This rebound follows months of AI-driven pessimism, as investors reassess sector valuations ahead of a key US Federal Reserve meeting. Technical indicators suggest a potential short-term recovery, though analysts caution it might be a retracement within a broader trend.

LTM boosted fresher hiring by 40% and deployed over 1,500 AI agents in FY26 to enhance productivity. Simultaneously, the company increased reliance on overseas subcontractors, particularly in the US and Europe, while its permanent employee count grew overall, driven by India.

The Krakow facility is the latest addition to the company's growing operations across Europe, where it serves over 75 clients. ltimindtree has 23 offices and nine delivery centres in the region. The new centre at Ocean Office Park, Krakow, can house up to 500 employees and will support the company's capabilities in the region.

The National Stock Exchange of India (NSE) has added ltimindtree, a tech consulting and digital solutions company, to its NIFTY 50 index. ltimindtree was created post the merger of L&T Infotech (LTI) and Mindtree and started trading with the new name in December 2022. The NIFTY 50 index is NSE's flagship index and is computed using market capitalization-weighted and float-adjusted method. ltimindtree's inclusion in the index follows CRISIL and India Ratings also reiterating its long-term rating of AAA/Stable.

Indian IT services provider ltimindtree reported a 4.7% drop in third-quarter profit on Friday, as rising costs took the sheen off the company's first-ever earnings report.

ltimindtree has secured a multi-year IT services deal exceeding $100 million with a US-based global chemical and polymer manufacturer. The partnership will leverage AI and automation to enhance efficiency, reduce costs, and drive innovation across various IT functions. This agreement solidifies ltimindtree's role as a key transformation partner in the chemicals and energy sector.

Indian stock exchange NSE on Tuesday said its Index Maintenance Sub-Committee has decided to replace Housing Development Finance Corporation (HDFC) with ltimindtree in the benchmark Nifty 50 index, effective July 13.

ltimindtree has secured its largest deal to date, a $450 million agreement spanning seven years, with a leading global agribusiness firm. The company will implement an AI-powered operating model, delivering application management, infrastructure support, and cybersecurity services. This comprehensive solution aims to enhance the client's operational efficiency, scalability, and global growth using platforms like SAP S/4HANA and Microsoft Azure.

Currys, the UK's leading retailer of technology products and services, has chosen ltimindtree, a global technology consulting and digital solutions company, as its key digital transformation partner. The five-year collaboration will see ltimindtree's retail business consulting and technology capabilities support Currys in delivering the next phase of an omnichannel shopping experience for its consumers and employees. The partnership will enable Currys to enhance its omnichannel revenue stream, drive cost transformation, and consolidate and simplify its consumer and employee-facing applications, resulting in an overall improved end-user experience.

ltimindtree has partnered with Schneider-Neureither & Partner to offer a full lifecycle solution called "Fast Forward" which enables migration to the SAP S/4HANA platform with minimum risk. This solution combines ltimindtree's SAP S/4HANA capability and industry expertise with Schneider-Neureither & Partner's CrystalBridge platform to transform existing SAP investments. The partnership will also establish a joint innovation center to develop tailored industry solutions.

Wipro's swift leadership change contrasts with ltimindtree's deliberate CEO succession planning. Nachiket Deshpande's US relocation influences his candidacy. Phil Fersht endorses him for the role amidst Chatterjee's $10B growth goal.

ltimindtree and Vodafone collaborate on IoT solutions, offering advanced capabilities like AI, machine learning, and augmented reality for Industry X.0 transformation and interconnected ecosystems via IoT Managed Connectivity.

ltimindtree collaborates with IBM to establish a Global Generative AI Center of Excellence in India, combining IBM WatsonX AI and data platform with ltimindtree's engineering skills. The collaboration aims to expedite clients' adoption of generative AI technologies.

The Karnataka High Court has issued a stay order on a GST notice against ltimindtree over alleged non-payment of taxes on export services, amounting to Rs 378 crore.

ltimindtree has been selected by Hellenic Bank, a financial institution in Cyprus, as its strategic sourcing partner to meet resource capacity demands. This collaboration will aid in the core business transformation of Hellenic Bank, advancing data and analytics and process excellence implementations. Oliver Gatzke, CEO of Hellenic Bank, hopes that the partnership with ltimindtree will enable an enhanced customer experience, streamlined operations, and a sustainable bank using the power of data and next-generation technology. Srinivas Rao, CBO of ltimindtree, sees this partnership as a chance for both companies to achieve their strategic goals.

ltimindtree has secured a significant seven-year deal worth $450 million with a global agribusiness company, marking its largest contract to date. The IT firm will implement an AI-driven operating model, providing application management, infrastructure support, and cybersecurity services. This agreement is expected to bolster ltimindtree's position in delivering digital transformation services amid a challenging macroeconomic environment for the IT sector.