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Conglomerate Larsen & Toubros Q2FY22 consolidated net profit, including exceptional items and discontinued operations, fell by 67 per cent on a year-on-year basis.
Conglomerate Larsen & Toubro's Q2FY22 consolidated net profit, including exceptional items and discontinued operations, fell by 67 per cent on a year-on-year basis.The consolidated net profit (attributable to owners) for the period under ...
Mindtree announced that it has signed an agreement to acquire the NxT Digital Business, the cloud based IoT and AI platform for Industry 4.0 of L&T Group. The transaction comprises of acquisition of NxT Digital Business of L&T. Total consideration of Rs 198 crore including earnouts, subject to adjustments as per the terms of Business Transfer Agreement. NxT Digital Business was formally established in FY2018-19. It can provide solutions across industries such as Engineering & Construction, Manufacturing, Energy & Utilities and Transportation & Logistics. The NxT Digital Business revenue during FY 2020-21 was Rs 37.59 crore. Nxt Digital Business belongs to the information technology industry. The acquisition would enable the company to capture opportunities in the IoT and Industry 4.0 market by leveraging NxT Digital Business capabilities to cross sell and create holistic solutions for new prospects as well as for existing clients.
Mindtree to acquire NxT Digital Business of L & T | Business Standard News business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Mindtree to acquire L&T’s NxT Digital Business for ₹198 cr May 20, 2021 Acquisition to enhance Mindtree’s cloud-based IoT & AI capabilities for Industry 4.0 Mindtree, a digital transformation and technology services company, has announced that it has signed an agreement to acquire the NxT Digital Business, the cloud-based IoT and AI platform for Industry 4.0, from L&T Group for ₹198 crore. The NxT Digital Business was founded as a start-up with broad digital capabilities within L&T. It has played an instrumental role in extensive applications of IoT technology and digitalization of many aspects of L&T’s operations where numerous assets were connected and factories were digitalised to make the company’s operations data driven for objective decision making.
Read more about Mindtree to acquire NxT Digital Business of L&T Group for Rs 198 cr on Business Standard. Unit was founded as a startup with broad digital capabilities within L&T. It has played a key role in applications of IoT tech and digitalisation of many of L&T's operations
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Mindtree to acquire NxT Digital Business of L&T equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
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Mindtree to acquire L&T's NxT Digital Business | Business Standard News business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.