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LARSEN & TOUBRO S/GDR 1 (LTOUF) Stock News, Sep 2021-Mar 2022

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L&T Technology Services (LTTS) has been named a Global Preferred Engineering Supplier for Airbus under its EMES3 program, securing a multi-year contract. This recognition follows an extensive assessment of LTTS' capabilities in engineering and manufacturing. The engagement spans all Airbus divisions and will enhance LTTS' operations, particularly in Toulouse, France. With over 17,000 engineers, LTTS aims to leverage its digital expertise. The partnership builds on a decade-long relationship, further signifying LTTS' commitment to the aerospace sector.

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L&T Technology Services Limited has secured a USD45 million contract from a U.S.-based automotive Tier 1 company for engineering services related to its Electric Vehicle (EV) product line. This 5-year agreement will utilize LTTS's e-mobility technology from a new R&D center in Krakow, Poland, which is expected to employ over 300 engineers within three years. The initiative strengthens LTTS's presence in Eastern Europe and cements its position in the Electric, Autonomous and Connected Vehicle (EACV) market.

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L&T Technology Services (LTTS) has been selected as an engineering partner by Mavenir and NVIDIA to accelerate the adoption of AI-on-5G technology. LTTS will assist Mavenir in customizing, integrating, and deploying AI applications on NVIDIA's AI-on-5G platform. This initiative aims to enhance real-time data processing and drive digital transformation across industries, unlocking significant potential for 5G applications. The partnership seeks to leverage AI's capabilities to create innovative, efficient solutions for businesses worldwide.

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L&T Technology Services Limited (LTOUF) has partnered with Microsoft to enhance its Energy & Sustainability Manager solution on Microsoft Azure. This collaboration aims to help businesses achieve sustainability goals by tracking energy losses and improving resource utilization across various utilities. The agreement also deepens LTTS' ongoing collaboration with Microsoft to transform manufacturing through innovative solutions. With a focus on energy savings and environmental compliance, LTTS' solution supports companies in meeting energy efficiency objectives and regulatory requirements.

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L&T Technology Services (LTTS) has launched its AI-based chest X-ray analysis system, Chest rAI™, in partnership with Intel. This innovative solution aims to enhance the speed and accuracy of diagnoses by leveraging Intel's advanced processors and AI Analytics Toolkit. The technology has already been integrated with 5C Network, a teleradiology platform in India, to provide efficient patient insights. Chest rAI™ has received the BIG Innovation Award, reflecting its significant impact in healthcare diagnostics.

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FAQ

What is the current stock price of LARSEN & TOUBRO S/GDR 1 (LTOUF)?

LARSEN & TOUBRO S/GDR 1 (LTOUF) last closed at $39.5.

What is the market cap of LARSEN & TOUBRO S/GDR 1 (LTOUF)?

The market cap of LARSEN & TOUBRO S/GDR 1 (LTOUF) is approximately $54.3B.