L&T; Infotech IPO subscribed 3.68 times on Day 2
L&T Infotech's `1,234 crore IPO was subscribed more than three times on the second day, joining recent successes in the primary market12-07-2016
12-07-2016
Why IT cos are scouting for senior talent to bring in new business
MUMBAI: Even as they cut back on freshers, IT companies are scouting for senior talent to bring in new business arising from automation and new technologies at a frantic pace. IT companies used to bulk up on engineering graduates as they prepared for faster growth, but as automation kicks in, more business growth is being dictated by those higher up the pyramid. The demand is not for CEOs, but for experienced sales leaders, project heads and delivery and architecture experts. "It is important to segregate the leadership we are hiring and promoting at scale because the leaders are driving the business. I think from a recruiting of leaders like managing directors, we've never been so active in the market," Pierre Nanterme, CEO of Accenture, said in a post-earnings conference call last month. Accenture added that it would moderate its overall headcount addition. Nanterme also said the company promoted more managing directors this year, than in the last four. Accenture's digital and cloud business is now about 40% of its revenue. L&T Infotech, which is the process of going public, has been one of the most active hirers in the last year. "In the senior management range, what is N-1, we have hired about 30 people and strengthened the management. We are also planning to put in place a bigger team in Europe this year," AM Naik, group executive chairman at L&T, told ET. Even smaller IT companies like Pune-headquartered Zensar, are preparing to hire at senior levels. "We are planning lateral hires in client management, onsite...12-07-2016
L&T; Infotech IPO subscribed 1.12 times on Day 1
L&T Infotech Ltd's `1,234 crore initial public offering was oversubscribed on day 111-07-2016
L&T; Infotech IPO will excite employees, but put them under pressure: AM Naik
L&T chairman AM Naik says four services businessesinfotech, technology, finance and real estatewill form the group's core and cushion it from riskier projects business11-07-2016
L&T; Infotech's over Rs 1,200-cr IPO to kick off tomorrow
Price band for the issue, which would be open for subscription from July 11 to 13, has been fixed at Rs 705-71010-07-2016
L&T; nets Rs372.75 crore from share sale in L&T; Infotech pre-IPO allotment
L&T sold 5.25 million L&T Infotech shares to 22 institutional investors at `710 per share, the upper end of the `705-710 price band for initial public offer09-07-2016
L&T; Info anchor allotment tomorrow; CEO addresses concerns over IPO
"We are very focused on capital markets and investment banks. Within that, we are very focused on finance, risk and compliance," Jalona said.07-07-2016
L&T; Infotech: Low valuations, but lower growth too
There is nothing exciting about the offer; those looking for an exposure to the Indian IT sector can look at other high-growth investment ideas07-07-2016
L&T; Infotech says will continue with fresher hiring, but level of scrutiny to go up
Plans acquiring consulting firms with to boost revenue productivity06-07-2016
L&T; Infotech's unexciting IPO is priced about right
At the higher end of its price band, the L&T; Infotech issue is priced at 13.1 times its financial year 2015-16 earnings06-07-2016