LTTS

March 19 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• LAUNCHES AI-POWERED RAILWAY TRACK INSPECTION SOLUTION

Source text: ID:nBSE6j3V96

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Feb 3 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECHNOLOGY SERVICES LTD - LTTS SMART WORLD JOINS ARIZONA TECHNOLOGY COUNCIL

Source text: ID:nBSEbzsMLs

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Jan 29 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECHNOLOGY SERVICES - SECURES $80 MILLION DIGITAL ENGINEERING DEAL

• L&T TECHNOLOGY SERVICES - LTTS TO SET UP CENTER FOR DIGITAL PRODUCTS & SERVICES

Source text: ID:nBSE8f5cJt

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Jan 23 (Reuters) - Indian engineering and technology firm Cyient CYIE.NS reported a third-quarter profit below analysts' expectations on Thursday, hurt by slower growth in its biggest segment and higher costs.

Its profit declined to 1.22 billion rupees ($14.12 million) for the three months ended Dec. 31, from 1.47 billion rupees a year ago. Analysts had expected 1.71 billion rupees, according to data compiled by LSEG.

Growth in Cyient's transportation division — which contributes 30% to the company's biggest unit, digital, engineering and technology — has eased over the past few quarters due to delays in project starts in the aerospace segment and slowdown in the rail segment.

The downbeat results also echo those of peer engineering, research and design companies (ER&D) Tata Elxsi TTEX.NS and L&T Technology Services LTEH.NS.

ER&D services, which include providing technology support to industries such as aerospace, telecom and automotive, contribute a sixth of the revenue to India's $254-billion technology sector.

Cyient's total expenses rose 9% during the quarter, led by a 26% jump in its cost of materials consumed and a 6% rise in employee expenses.

Revenue from the company's digital, engineering and technology segment, which contributes more than 76% to its total revenue — fell 1%.

Its smaller design-led manufacturing business, Cyient DLM CYIT.NS, posted a 38% rise in revenue.

Cyient's total revenue rose 5.7% to 19.26 billion rupees, beating analysts' estimates.

($1 = 86.4040 Indian rupees)

(Reporting by Aleef Jahan)

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Jan 17 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECH - GOT ORDER FOR PENALTY 1.1 MILLION RUPEES

Source text: ID:nNSE69R567

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Jan 15 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• Q3 CONSOL NET PROFIT 3.22 BILLION RUPEES, IBES PROFIT EST. 3.32 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 26.53 BILLION RUPEES; IBES EST 26.65 BILLION RUPEES

Source text: [ID:]

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Dec 23 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• EXPANDS COLLABORATION WITH SIEMENS

Source text: ID:nBSE2ywk4k

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Dec 4 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• SECURES $50 MILLION DEAL

• MULTI-YEAR AGREEMENT ESTIMATED AT $50 MILLION

Source text: ID:nBSE3xZJLh

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Nov 18 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECHNOLOGY SERVICES ANNOUNCES STRATEGIC COLLABORATION WITH COLORADO SMART CITIES ALLIANCE

Source text: ID:nBw5LXTka

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Oct 24 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECH - L&T TECHNOLOGY SERVICES UNVEILS AI EXPERIENCE ZONE BUILT ON NVIDIA AI

• L&T TECH - NEW EXPERIENCE ZONE TO CATER TO CLIENTS IN MOBILITY, TECH SEGMENTS

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Oct 16 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECHNOLOGY SERVICES Q2 CONSOL NET PROFIT 3.2 BILLION RUPEES, IBES PROFIT EST. 3.33 BILLION RUPEES

• L&T TECHNOLOGY SERVICES Q2 CONSOL REVENUE FROM OPERATIONS 25.73 BILLION RUPEES; LSEG IBES REVENUE EST 25.67 BILLION RUPEES

• L&T TECH - DIVIDEND 17 RUPEES PER SHR

Source text for Eikon: [ID:]

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Rewrites paragraph 1 with rivals, adds details, background, analyst comments from paragraph 2

By VarunVyas Hebbalalu and Ashna Teresa Britto

Oct 11 (Reuters) - India's Tata Consultancy Services' TCS.NS shares slumped as much as 2.7% on Friday after its second-quarter profit missed Street estimates, although rivals advanced on expectations that demand in their key banking segment was recovering.

The stock, which was choppy in early trade, was last down 2.4% at 4,125.15 rupees.

On Thursday, the country's No.1 IT firm posted a net profit of 119.09 billion rupees ($1.42 billion), missing analyst estimates, as revenue in its North American market, which accounts for nearly half of overall sales, fell for a fourth straight quarter.

TCS' revenue declined in North America due to a client in the lifesciences and healthcare vertical reducing the scope of a project, it said, without elaborating.

The results are not a broad-based gauge for demand as the weakness was client-specific, said Abhishek Kumar, analyst at JM Financial.

The market is optimistic about IT companies in light of further U.S. rate cuts, he said.

Indian IT firms get a large chunk of their revenue from the United States.

Still, the company's banking, financial services and insurance (BFSI) segment, its largest vertical, showed signs of recovery.

Its BFSI division grew in North America, but saw some softness in the UK and European markets.

"TCS' second-quarter results suggest that the road to recovery in developed markets is likely to be volatile. However, we keep the faith given TCS' continued hiring and improvement in outlook for BFSI," Jefferies said.

Rivals Infosys INFY.NS, Wipro WIPR.NS and HCLTech HCLT.NS, due to report results next week, rose 0.1%-1.5% on Friday. BFSI is a major revenue-generator for Indian IT firms.

"Revenue and margins challenges in Q2 were specific to TCS in our view, but the improving demand visibility and BFSI recovery are positive signs for the sector, PhillipCapital analysts said.

TCS' second-quarter operating margin inched down 0.2% year-on-year to 24.1%.

At least seven analysts slashed their price targets on TCS' stock after results, while nine bumped up their price targets, per LSEG data.

($1 = 83.9625 Indian rupees)

(Reporting by Varun Hebbalalu and Ashna Teresa Britto in Bengaluru; Editing by Varun H K and Sonia Cheema)

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Aug 27 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• SEES REVENUE OF $1.26 BILLION - $1.28 BILLION FOR FY25

Source text for Eikon: ID:nBSE6098VP

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Aug 21 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECH - THALES AND L&T TECHNOLOGY SERVICES EXPAND COLLABORATION

• L&T TECH - NEW CONTRACT FOR 20-YEAR RELATIONSHIP WITH LTTS

Source text for Eikon: ID:nBSE4f4mKr

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Aug 13 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECH - SHELL SIGNS NEW FRAMEWORK AGREEMENT WITH CO

• L&T TECH - MULTI-YEAR AGREEMENT FOR INTEGRATED ENGINEERING, PROCUREMENT SERVICES

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July 30 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECH- CO, AND PS TECHNOLOGY PARTNER TO TRANSFORM RAILWAYS

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July 23 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECHNOLOGY SERVICES AND SYMPHONYAI PARTNER

• PARTNER TO PROVIDE AI-BASED BUSINESS TRANSFORMATION TO GLOBAL CUSTOMERS

Source text for Eikon: ID:nBSE3w8zpg

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July 18 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECH- REAFFIRM ASPIRATIONS TO REACH $1.5 BILLION IN ANNUALIZED REVENUES

• L&T TECH - REAFFIRM FY25 GUIDANCE OF 8-10% REVENUE GROWTH IN CONSTANT CURRENCY

Source text for Eikon: ID:nBSE8hnQpP

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May 2 (Reuters) - L&T Technology Services LTEH.NS / ForviaFRVIA.PA:

• FORVIA AND L&T TECHNOLOGY SERVICES AGREE STRATEGIC PARTNERSHIP ON ULTRA-LOW EMISSIONS ENGINEERING IN GERMANY AND INDIA

• CONTRACT OF APPROXIMATELY €45 MILLION

• FIVE-YEAR PARTNERSHIP

Source text for Eikon: ID:nBw1DWTMNa

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April 25 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• A.M. NAIK, FOUNDER CHAIRMAN OF CO, HAS NOT OFFERED HIMSELF FOR RE-APPOINTMENT

Source text for Eikon: [ID:]

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March 20 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECHNOLOGY SERVICES ACCELERATES GENERATIVE AI ADOPTION

Source text for Eikon: ID:nBSEbHVFwm

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March 15 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECHNOLOGY SERVICES SECURES LANDMARK $100 MILLION PROGRAM IN CYBERSECURITY

• WON PROGRAM FROM MAHARASHTRA STATE CYBER DEPARTMENT

• LTTS IN CONSORTIUM WITH KPMG ASSURANCE WILL PROVIDE CYBER SECURITY SOLUTIONS

Source text for Eikon: ID:nNSE8BV43t

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March 4 (Reuters) - Intel Corp INTC.O:

• L&T TECHNOLOGY SERVICES COLLABORATES WITH INTEL TO SCALE EDGE-AI SOLUTIONS

• L&T TECHNOLOGY SERVICES LTD - ANNOUNCED A COLLABORATION WITH INTEL CORPORATION AIMED AT DEVELOPING AND PROVIDING SCALABLE EDGE-AI SOLUTIONS

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Jan 16 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• Q3 CONSOL NET PROFIT 3.36 BILLION RUPEES, LSEG IBES PROFIT EST. 3.31 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 24.22 BILLION RUPEES

• YEAR AGO Q3 CONSOL PROFIT 2.97 BILLION RUPEES, REVENUE 21.57 BILLION RUPEES

Source text for Eikon: [ID:]

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Dec 22 (Reuters) - Catvision Ltd CATV.BO:

• GETS ORDER FROM LARSEN & TOUBRO GROUP

• ORDER FROM LARSEN & TOUBRO WORTH 7.4 MILLION RUPEES

• ORDER FROM L&T TECHNOLOGY SERVICES WORTH 2.8 MILLION RUPEES

Source text for Eikon: ID:nBSE6TSVzD

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Dec 12 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• CO AND BP SIGN MULTI-YEAR ENGINEERING SERVICES PARTNERSHIP

Source text for Eikon: ID:nNSE11hJwS

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Updates with closing levels in paragraph 1, 4

By Rama Venkat

BENGALURU, Nov 30 (Reuters) - Shares of India's Tata Technologies TATE.NS settled nearly three-fold higher on their trading debut on Thursday, valuing the first Tata Group company to go public in nearly two decades at 532.64 billion rupees ($6.4 billion).

The Tata Motors' TAMO.NS unit, which provides engineering and technology services to auto, aero and heavy machinery makers, beat the valuation of its peers like KPIT Technologies KPIE.NS and L&T Technology Services LTEH.NS.

Tata Technologies' listing-day gains were also among the best since 2021-end, according to LSEG data and analysts.

The shares surged past the initial public offer price of 500 rupees to debut at 1,200 rupees before hitting the day's high of 1,400 rupees and ending 163% higher at 1,313 rupees.

"The listing was beyond imagination... and post that, the rally to 1,400 rupees was even more unexpected," Arun Kejriwal, founder of Kejriwal Research and Investment Services, said, adding that short-term investors could book profits.

The company's future earnings through a part of financial year ending March 2025 appear to have been discounted at the current valuation, Kejriwal added.

Tata Technologies' valuation has topped that of its peers KPIT Technologies, L&T Technology Services and sister Tata Group company Tata Elxsi TTEX.NS, which are valued between 409 billion rupees and 514 billion rupees.

IT services provider Tata Consultancy Services TCS.NS, which listed in 2004, was the last Tata Group company to go public.

India has seen a record 201 IPOs so far this year, while share benchmarks have scaled record highs on improving economic growth prospects.

Shares of the other stock market debutantes on Thursday, Fedbank Financial Services FEDB.NS and Gandhar Oil Refinery GADH.NS, closed 0.2% and 78.3% higher, respectively.

Pharmaceutical company Sigachi Industries SIGC.NS and Paras Defence & Space PRAF.NS had climbed as high as 270% and 171%, respectively, on listing in 2021, Aditya Kondawar, Vice President of Complete Circle Capital, said.

($1 = 83.3520 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Mrigank Dhaniwala)

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Nov 20 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• COLLABORATES WITH NVIDIA FOR GEN AI AND ADVANCED SOFTWARE-DEFINED ARCHITECTURE FOR MEDICAL DEVICES

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Nov 7 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• L&T TECHNOLOGY SERVICES TO PARTNER WITH GOOGLE CLOUD

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Oct 17 (Reuters) - L&T Technology Services Ltd LTEH.NS:

• Q2 CONSOL NET PROFIT 3.15 BILLION RUPEES, REFINITIV IBES EST. 3.16 BILLION RUPEES

• Q2 CONSOL REVENUE FROM OPERATIONS 23.87 BILLION RUPEES

• YEAR AGO Q2 CONSOL PROFIT 3 BILLION RUPEES, REVENUE 22.82 BILLION RUPEES

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