LTIMindtree

Online pharmacy PharmEasy recorded a positive Ebitda of around Rs 14 crore, which means it is operationally profitable, even as one of its investors marked its valuation down to $2.8 billion. This and more in today’s ETtech Morning…

Government-backed Open Network for Digital Commerce (ONDC) is set for rough weather ahead as the platform faces roadblocks while scaling. This and more in ETtech’s Morning Dispatch.Also in this letter:■ India key market for Meta: Sandhya…

Despite layoffs and a general slowdown in tech hiring, top Indian information technology services companies such as Tata Consultancy Services (TCS), Infosys, Wipro, HCLTech and LTIMindtree are continuing to recruit women in large numbers,…

LTIMindtree Ltd., the company formed by the merger of mid-tier tech firms Larsen & Toubro Infotech and Mindtree Technologies last year, is working on a real-estate consolidation plan.Its managing director, Debashis Chatterjee, told ET…

It is well known that the freeze in the funding environment is impacting venture-backed startups. But the fintech sector is bracing for the twin blows of a funding winter and increased regulatory scrutiny. The two are intertwined such that…

For new-age stock broking firms which grew exponentially during Covid-19, the past year has been punishing. This and more in today’s Morning Dispatch.Also in this letter:■ Elevation sells 3% stake in Xpressbees■ Won't notify govt fact-check…

LTIMindtree’s net profit grew 0.5% in the fourth quarter, missing estimates. The subdued number came due to higher employee costs and other expenses. The company maintained a cautious tone about the demand environment and said that clients…

Following lower-than-expected earnings numbers in the fourth quarter (Q4) of FY23 and a weak guidance for the ongoing financial year from two of India’s IT heavyweights — Infosys and TCS — IT stocks sank deep in the red during Monday’s…

LTIMindtree has sent mails to college placement heads clarifying that the mandatory training programme IGNITE for select freshers is for better “utilisation of waiting time” amid onboarding delays.“With the purpose of better utilising the…

Amid the overall decline in venture capital funding, investors are taking more time to scrutinise startup business models before closing deals. The lack of easy funding has led to a deeper analysis of the market. This and more in today’s…