Amit Chadha has taken over as CEO & Managing Director of L&T Technology Services effective April 1. He was serving the company as Deputy CEO & Whole-Time Board Member. Amit joi
With effect from 01 April 2021L&T Technology Services announced the appointment of
Amit Chadha as CEO & Managing Director effective 01 April 2021 in line with previous disclosures made to stock exchanges dated 19 October 2020. Prior to his elevation, Amit was serving the company as Deputy CEO & Whole-Time Board Member.
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Shares of information technology (IT) companies, on Tuesday, were in focus at the bourses, with six stocks, Infosys, Mindtree, L&T Technology Services (LTTS), Sonata Software, Coforge and Intellect Design Arena from the S&P BSE IT index hitting their respective record highs in intra-day trade on expectation of strong earnings.
At 10:04 am, the S&P BSE IT index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.35 per cent rise in the S&P BSE Sensex. The IT index hit an intra-day high of 26,784 points, and is 1 per cent away from its record high of Rs 27,074 on January 14, 2021. Thus far in the month of March, the BSE IT index has rallied 10 per cent, against 3 per cent gain in the Sensex.
Read more about IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs on Business Standard. The $1.9 trillion Covid relief bill stimulus, if passed, will boost the US economy and will, in turn, positively impact the IT industry, ICICI Securities said in a note