By Everest GroupLarsen & Toubro Infotech has topped the list of IT Services Challenger 2021 in Everest Group s PEAK Matrix Service Provider of the Year™ Awards. LTI is also listed as the Star Performer of the Year for Banking and
Financial Services. Additionally, LTI s rank in the overall PEAK Matrix for IT services improved from #16 last year
to #11 this year, the highest leap registered by any player.
LTI has been categorized among the best in ITS Challenger 2021 list based on PEAK Matrix Assessment 2021
undertaken across services such as - Advanced Analytics & Insights, Artificial Intelligence, Cloud-native
Application Development, Internet of Things, Application and Digital Services in Life and Annuities and Capital
NEW DELHI: Nifty IT index was trading with losses at 02:06PM (IST) on Wednesday. While Info Edge (India) (down 3.87 per cent), Coforge (down 1.82 per cent), Larsen & Toubro Infotech (down 1.65 per cent), Wipro (down 1.41 per cent) and Tata Consultancy (down 1.06 per cent) were the top losers in the index. The Nifty IT index was trading 1.18 per cent down at 25311.4 around 02:06PM. Benchmark NSE Nifty50 index was down 97.95 points at 15215.5, while the BSE Sensex was down 371.4 points at 51732.77. Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red. Shares of PNB, Vodafone Idea, Central Bank of India,
Titan Company after market hours on Friday announced that S. Subramaniam, the current chief financial officer, will retire from the services effective from 30 June 2021 on attaining the age of superannuation.
The company announced that, the Board of Directors has approved, on the basis of the recommendation made by the nomination and remuneration committee, Ashok Kumar Sonthalia as the new chief financial officer from 1 July 2021.
Titan said Sonthalia will be joining the company on 1 February 2021 and shall act as the chief financial officer designate until the time his appointment as CFO becomes effective from 1 July 2021, thereby providing adequate time for a smooth transition. Sonthalia is a Chartered Accountant with around 30 years of experience in areas of strategic financial planning, business development, M&A, treasury, finance & accounts in diverse industry verticals in multi-cultural and multi-national environments. Sonthalia s last stint was with Larsen & Toubro Infotech,
Larsen & Toubro Infotech reported a 37.85 per cent jump in net profit to Rs 519.3 crore for the December quarter, mainly driven by a surge in revenue and margin expansion