LTIMindtree Ltd News
LTIMindtree delays onboarding and extends training for assessment
Move will impact 600-700; letter says freshers have no other option but to accept the programme
 "LTIMindtree delays onboarding and extends training for assessment")
IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week
Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50
 "IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week")
Nifty IT index slips 5% in two days on earnings, valuation worries
Recently, HCL Technologies said that its FY23 revenue could be at the lower end of the guidance; Credit Suisse warned valuation-led correction in these stocks amid US macro headwinds.
 "Nifty IT index slips 5% in two days on earnings, valuation worries")
LTIMindtree down 2%; sheds 9% in four days after market debut
LTIMindtree has emerged as the fifth largest IT services player in terms of market capitalization post-merger
 "LTIMindtree down 2%; sheds 9% in four days after market debut")
LTIMindtree commences trading with its new name; stock down 1%
Shareholders of erstwhile Mindtree, delisted from November 23, 2022, have been issued shares of erstwhile LTI in the ratio of 73 shares of LTI (now called LTIMindtree) for every 100 shares of Mindtree
Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%
The US market ended higher overnight, led by gains in technology stocks, after US Federal Reserve chairman indicated that the central bank may slow pace of rate hikes. Nasdaq Composite jumped 4.4%
 "Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%")
L&T Infotech, Mindtree extend fall ahead of merger, down up to 7% in 3 days
The board of directors of LTI and Mindtree fixed November 24, 2022 as the 'Record Date' for the purpose of determining eligibility of Mindtree shareholders to get shares of the amalgamated company.
 "L&T Infotech, Mindtree extend fall ahead of merger, down up to 7% in 3 days")
L&T Infotech and Mindtree receives approval for merger from NCLT
Creates India's sixth largest IT services and fifth largest in market cap
 "L&T Infotech and Mindtree receives approval for merger from NCLT")
L&T Infotech, Mindtree merge to make India's 5th-largest IT company
Larsen & Toubro Infotech and Mindtree merger received the approval from National Company Law Tribunal
 "L&T Infotech, Mindtree merge to make India's 5th-largest IT company")
Seasonal gains, deal pipeline point to strong FY23 for L&T Infotech
Near-term gains for India's sixth largest IT services company factored into valuations
 "Seasonal gains, deal pipeline point to strong FY23 for L&T Infotech")
Demand outlook robust; attrition to cool off in Q3 FY23: L&T Infotech COO
This should be the last quarter as an independent entity, merger to complete between November-December, said COO Deshpande
