L&T Technology Services has signed a definitive agreement to acquire Silicon Valley-based Intelliswift, to deepen its offerings across software product development, platform engineering, Digital Integration, Data and AI. Intelliswift services 4 of the Top 5 Hyperscalers and caters to over 25 Fortune 500 companies including 5 of the top 10 ER&D spenders in Software and Technology. With this acquisition, LTTS will also be able to address adjacent markets of Retail and Fintech, along with the Private Equity channel.The acquisition will enhance LTTS` AI and software capabilities in the Digital Engineering suite for global clients, through:Industry leading software product development, data & platform engineering capabilities Intelliswift`s AI-led automation framework which provides end-to-end automation solutions across platforms and processes. Digital enterprise & Integration services through agile engineering and next generation technologies Powered by Capital Market - Live News

L&T Technology Services (LTTS) and its wholly owned subsidiary, L&T Technology Services LLC signed agreements to acquire 100% stake in (i) Intelliswift Software (India) by the Company; and (ii) Intelliswift Software Inc. by L&T Technology Services LLC, for an aggregate consideration of up to USD 110 million. The acquisition will enhance LTTS` AI and software capabilities in the Digital Engineering suite for global clients. Powered by Capital Market - Live News

L&T Technology Services announced the grand opening of its state-of-the-art LTTS Experience Zone at its design hub in Bengaluru benefitting customers in segments like Mobility and Tech. This AI-driven LTTS Experience Zone, leveraging the NVIDIA AI platform, is set to serve clients in the Mobility and Tech segments. The LTTS Experience Zone offers an immersive environment where visitors can engage with live demonstrations, interactive displays and expert consultations. It showcases the transformative power of NVIDIA AI, pushing the boundaries of AI-driven technologies to address complex challenges in critical sectors. In healthcare, LTTS` Software Defined Architectures, powered by NVIDIA Holoscan and NVIDIA IGX, are set to transform healthcare delivery with AI-based diagnostics, real-time data analysis, and precision annotation, enhancing efficiency, accuracy, and broadening access to underserved regions. The telecommunications sector stands to benefit from generative AI and NVIDIA AI solutions, which will bolster connectivity, network resilience, and 5G integration. LTTS is enhancing product engineering services by integrating 5G, network virtualization and master telco network solutions from design to deployment, thus improving communication across urban and rural landscapes. For the Mobility segment, the collaboration between NVIDIA and LTTS will offer advanced solutions for safety, automation, and predictive maintenance, optimizing operations and enhancing passenger safety and experience. With its focus on fostering dialogue and accelerating the adoption of next-gen solutions, LTTS is driving a future where technology is seamlessly integrated across industries. LTTS is upskilling over 1,000 engineers on NVIDIA software, including the NVIDIA AI Enterprise software platform. This investment in education and training will enable LTTS to accelerate AI adoption to solve complex challenges.Powered by Capital Market - Live News

L&T Technology Services announced that the Board of Directors of the Company at its meeting held on 16 October 2024, inter alia, have recommended the interim dividend of Rs 17 per equity Share (i.e. 850%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

L&T Technology Services has allotted 3,910 equity shares under ESOS n 16 October 2024. Powered by Capital Market - Live News