<p>L&amp;T Technology Services said on Monday it has been selected by <a href="https://www.wionews.com/business-economy/ge-unit-orders-25-airbus-jets-including-12-rolls-powered-a330neo-260791">Airbus</a> India to manage its avionics software development, validation and verification, and data analytics.</p>

<p>"The win has been a direct result of LTTS` years of expertise in the aviation space and the company`s timely investment in cutting-edge technologies," it said in a statement without giving the timeframe or value of the contract.</p>

<p>The global pure-play engineering services company`s distinct advantage in the aerospace landscape includes ITAR (International Traffic in Arms) compliance and CEMILAC (The Centre for Military Airworthiness and Certification) certified state-of-the-art facilities, strong global customer base, robust lab and testing infrastructure, and strategic alliances with Fortune 500 companies.</p>

<p>"The new-age business opportunities in aviation sector call for a transformative approach including fresh ideas, elaborate evaluation of best-fit technology solution and capability to accelerate business growth through innovation," said Abhishek Sinha, Chief Operating Officer and member of the board at L&amp;T Technology Services.</p>

<p>"We are pleased that Airbus India has chosen LTTS to deliver on all these aspects. We look forward to co-developing innovations in the aviation space and ushering in newer benchmarks of industry excellence."</p>

<p>L&amp;T Technology Services Ltd is a listed subsidiary of Larsen &amp; Toubro Ltd focused on engineering and R&amp;D. It offers consultancy, design, development and testing services across the product and process development life cycle.</p>

<p>The company`s customer base includes 69 Fortune 500 companies and 51 of the world`s top ER&amp;D companies, across industrial products, medical devices, transportation, telecom and hi-tech, and the process industries.</p>

<p>It has over 16,700 employees spread across 17 global design centres, 28 global sales offices and 49 innovation labs.</p>


L&T Technology Services said on Monday it has been selected by Airbus India to manage its avionics software development, validation and verification, and data analytics.

L&T Technology Services said on Monday it has been selected by Airbus India to manage its avionics software development, validation and verification, and data analytics. "The win has been a direct result of LTTS` years of expertise in the aviation space and the company`s timely investment in cutting-edge technologies," it said in a statement without giving the timeframe or value of the contract. The global pure-play engineering services company`s distinct advantage in the aerospace landscape includes ITAR (International Traffic in Arms) compliance and CEMILAC (The Centre for Military Airworthiness and Certification) certified state-of-the-art facilities, strong global customer base, robust lab and testing infrastructure, and strategic alliances with Fortune 500 companies. "The new-age business opportunities in aviation sector call for a transformative approach including fresh ideas, elaborate evaluation of best-fit technology solution and capability to accelerate business growth through innovation," said Abhishek Sinha, Chief Operating Officer and member of the board at L&T Technology Services. "We are pleased that Airbus India has chosen LTTS to deliver on all these aspects. We look forward to co-developing innovations in the aviation space and ushering in newer benchmarks of industry excellence." L&T Technology Services Ltd is a listed subsidiary of Larsen & Toubro Ltd focused on engineering and R&D. It offers consultancy, design, development and testing services across the product and process development life cycle. The company`s customer base includes 69 Fortune 500 companies and 51 of the world`s top ER&D companies, across industrial products, medical devices, transportation, telecom and hi-tech, and the process industries. It has over 16,700 employees spread across 17 global design centres, 28 global sales offices and 49 innovation labs.

L&T Technology Services wins avionics contract from Airbus

<p>Mindtree Ltd's shares fell in early trade Tuesday after Larsen &amp; Toubro Ltd (L&amp;T) said it would buy a 20.32 percent stake in the IT services company for about Rs 3,300 crore.&nbsp;</p>

<p>L&amp;T will buy the stake from Indian coffee baron and Cafe Coffee Day owner VG Siddhartha, the construction company said late on Monday.</p>

<p>The Mumbai-based L&amp;T also placed an order with its broker for an on-market purchase of up to 15 percent of Mindtree's shares at 980 rupees each. It is also looking to buy an additional 31 percent from Mindtree's public shareholders at the same price.</p>

<p>L&amp;T stock was on Tuesday trading 1.2 percent lower in the Mumbai market that gained 0.2 percent.</p>

<p>Mindtree's promoters meanwhile released a statement saying L&amp;T's "hostile takeover bid" was "a grave threat" to their "unique organisation".&nbsp;</p>

<p>"The attempted hostile takeover bid of Mindtree by L&amp;T is a grave threat to the unique organisation we have collectively built over 20 years," the statement read.&nbsp;</p>

<p>The statement was issued collectively by Mindtree's Executive Chairman Krishnakumar Natarajan, co-founder Subroto Bagchi, Chief Executive Rostow Ravanan and Executive Vice-Chairman Parthasarathy NS.</p>

<p>"A hostile takeover by L&amp;T, unprecedented in our industry, could undo all of the progress we've made and immensely set our organisation back," the statement said.&nbsp;</p>

<p>"We believe that culture needs to be carefully created and nurtured over time, and can't be bought and sold like any asset," the statement added.&nbsp;</p>

<p>Mindtree meanwhile added that it would continue to oppose the attempted takeover in the interest of its shareholders and employees.</p>

<p>Mindtrees's employees seem to feel the same way, saying the culture of their organisation is unique and that it should be left that way.&nbsp;</p>

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<p dir="ltr" lang="en">Culture and values set us apart and L&amp;T could potential destroy the fabric of it <a href="https://twitter.com/hashtag/mindtreematters?src=hash&amp;ref_src=twsrc%5Etfw">#mindtreematters</a> <a href="https://t.co/tFCfbNvQYk">https://t.co/tFCfbNvQYk</a></p>
— Gautham Gopalkrishna (@gauths_g) <a href="https://twitter.com/gauths_g/status/1107614425463357441?ref_src=twsrc%5Etfw">March 18, 2019</a></blockquote>
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<p dir="ltr" lang="en">Mindtree is one and only best company i have been with. the culture of mindtree is very unique. Mindtree is not a work place for me. its my Home and home is never for sale.<a href="https://twitter.com/hashtag/MindtreeMatters?src=hash&amp;ref_src=twsrc%5Etfw">#MindtreeMatters</a> <a href="https://twitter.com/Mindtree_Ltd?ref_src=twsrc%5Etfw">@Mindtree_Ltd</a></p>
— Anjan (@anjan_27) <a href="https://twitter.com/anjan_27/status/1107578653448142848?ref_src=twsrc%5Etfw">March 18, 2019</a></blockquote>
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<p dir="ltr" lang="en">Sustaining a good work culture matters..<br />
Working with good people matters..<br />
Loving what you do everyday matters..<br />
Having Leaders who care, matters..<br />
After having experienced all these things for just 2 years in Mindtree, I can proudly say <a href="https://twitter.com/hashtag/MindtreeMatters?src=hash&amp;ref_src=twsrc%5Etfw">#MindtreeMatters</a><br />
And it always will! :)</p>
— Elita D'souza (@elita_3094) <a href="https://twitter.com/elita_3094/status/1107613709197668352?ref_src=twsrc%5Etfw">March 18, 2019</a></blockquote>
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<p>A number of them said on social media that Mindtree was like a "home" to them and a home is never for sale.&nbsp;</p>


Mindtree Ltd's shares fell in early trade Tuesday after Larsen & Toubro Ltd (L&T) said it would buy a 20.32 percent stake in the IT services company for about Rs 3,300 crore.

Mindtree Ltd's shares fell in early trade Tuesday after Larsen & Toubro Ltd (L&T) said it would buy a 20.32 percent stake in the IT services company for about Rs 3,300 crore. L&T will buy the stake from Indian coffee baron and Cafe Coffee Day owner VG Siddhartha, the construction company said late on Monday. The Mumbai-based L&T also placed an order with its broker for an on-market purchase of up to 15 percent of Mindtree's shares at 980 rupees each. It is also looking to buy an additional 31 percent from Mindtree's public shareholders at the same price. L&T stock was on Tuesday trading 1.2 percent lower in the Mumbai market that gained 0.2 percent. Mindtree's promoters meanwhile released a statement saying L&T's "hostile takeover bid" was "a grave threat" to their "unique organisation". "The attempted hostile takeover bid of Mindtree by L&T is a grave threat to the unique organisation we have collectively built over 20 years," the statement read. The statement was issued collectively by Mindtree's Executive Chairman Krishnakumar Natarajan, co-founder Subroto Bagchi, Chief Executive Rostow Ravanan and Executive Vice-Chairman Parthasarathy NS. "A hostile takeover by L&T, unprecedented in our industry, could undo all of the progress we've made and immensely set our organisation back," the statement said. "We believe that culture needs to be carefully created and nurtured over time, and can't be bought and sold like any asset," the statement added. Mindtree meanwhile added that it would continue to oppose the attempted takeover in the interest of its shareholders and employees. Mindtrees's employees seem to feel the same way, saying the culture of their organisation is unique and that it should be left that way. Culture and values set us apart and L&T could potential destroy the fabric of it #mindtreematters https://t.co/tFCfbNvQYk — Gautham Gopalkrishna (@gauths_g) March 18, 2019 × Mindtree is one and only best company i have been with. the culture of mindtree is very unique. Mindtree is not a work place for me. its my Home and home is never for sale.#MindtreeMatters @Mindtree_Ltd — Anjan (@anjan_27) March 18, 2019 × Sustaining a good work culture matters.. Working with good people matters.. Loving what you do everyday matters.. Having Leaders who care, matters.. After having experienced all these things for just 2 years in Mindtree, I can proudly say #MindtreeMatters And it always will! :) — Elita D'souza (@elita_3094) March 18, 2019 × A number of them said on social media that Mindtree was like a "home" to them and a home is never for sale.

L&T to buy stake in Mindtree: Employees say takeover will destroy company's 'unique culture'

<p>Prime Minister Narendra Modi on Saturday boarded a tank while inspecting Larsen and Toubro's Armoured Systems Complex facility here for manufacturing high-end guns.</p>

<p>The prime minister shared a brief video of himself standing in a tank on his Twitter handle.</p>

<p>"Checking out the tanks at L&amp;T's Armoured Systems Complex in Hazira," Modi said in the tweet.</p>

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<p dir="ltr" lang="en">Checking out the tanks at L&amp;T’s Armoured Systems Complex in Hazira. <a href="https://t.co/zf7wRrbX7Y">pic.twitter.com/zf7wRrbX7Y</a></p>
— Narendra Modi (@narendramodi) <a href="https://twitter.com/narendramodi/status/1086515992124186624?ref_src=twsrc%5Etfw">January 19, 2019</a></blockquote>
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<p>The Armoured Systems Complex, which Modi inaugurated earlier in the day, will be the first private facility in the country where the K9 Vajra self-<br />
propelled Howitzer guns will be manufactured.</p>

<p><img alt="Modi in Gujarat" data-entity-type="file" data-entity-uuid="99725ce7-b109-4a91-b00b-0d9a188ca205" src="/sites/default/files/inline-images/Untitled%20design%20%281%29_7.jpg" /></p>

<p>The company has set up the Armoured Systems Complex at Hazira, around 30 kilometres from Surat, to manufacture and integrate advanced armoured platforms, such as self-propelled artillery Howitzers, future infantry combat vehicles, future-ready combat vehicles and future main battle tanks.</p>


Prime Minister Narendra Modi on Saturday boarded a tank while inspecting Larsen and Toubro's Armoured Systems Complex facility here for manufacturing high-end guns.

Prime Minister Narendra Modi on Saturday boarded a tank while inspecting Larsen and Toubro's Armoured Systems Complex facility here for manufacturing high-end guns. The prime minister shared a brief video of himself standing in a tank on his Twitter handle. "Checking out the tanks at L&T's Armoured Systems Complex in Hazira," Modi said in the tweet. Checking out the tanks at L&T’s Armoured Systems Complex in Hazira. pic.twitter.com/zf7wRrbX7Y — Narendra Modi (@narendramodi) January 19, 2019 × The Armoured Systems Complex, which Modi inaugurated earlier in the day, will be the first private facility in the country where the K9 Vajra self- propelled Howitzer guns will be manufactured. The company has set up the Armoured Systems Complex at Hazira, around 30 kilometres from Surat, to manufacture and integrate advanced armoured platforms, such as self-propelled artillery Howitzers, future infantry combat vehicles, future-ready combat vehicles and future main battle tanks.

Modi boards tank at L&T's gun-making facility in Gujarat