Showing posts with label Larsen & Toubro. Show all posts
Showing posts with label Larsen & Toubro. Show all posts

Wednesday, April 3, 2019

Flipkart India's most preferred workplace; Amazon, Oyo come next: LinkedIn

Company News

Walmart-owned Flipkart is the most preferred workplace in India, followed by Amazon and Oyo in the second and third places, respectively, according to a list compiled by professional social media network LinkedIn.

Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India.

IT giant Tata Consultancy Services (TCS) made its debut at the seventh place, new entrants and homegrown internet and consumer services companies Swiggy and Zomato were ranked sixth and eighth, respectively.

Uber, another new entrant, took the fifth spot, while, One97 Communications was at the fourth rank and Oil and Energy conglomerate Reliance Industries was at the 10th place.

Others on the list include consulting firm Boston Consulting Group (BCG) at 13th, Yes Bank (14), IBM (15), Daimler AG (16), Freshworks (17), Accenture (18), Ola (19), ICICI Bank (20), PwC India (21), KPMG India (22), Larsen & Toubro (23), Oracle (24), and Qualcomm (25).

"This year, half the companies are new entrants on the list, including IT giants such as TCS and IBM that showcase the changing job and hiring landscape," said LinkedIn India Managing Editor Adith Charlie.

Charlie further said that "the presence of more blue chip Indian companies such as Larsen & Toubro and Reliance Industries, among others emphasises the fact that these large firms are getting better at attracting millennials employees".


 The report further noted that majority of companies on the list made maximum new hiring for engineering jobs followed by operations and business development.

Tuesday, March 19, 2019

L&T CEO calls Mindtree takeover 'pyaar, not war'; says Siddhartha made move

Companies News

Larsen & Toubro MD and CEO S N Subrahmanyan on Tuesday said that V G Siddhartha approached the construction major to sell his stake in Mindtree. He said the deal shouldn't be seen as hostile as it's "pyaar, not war and protects Mindtree against hostile takeover" as someone else would have moved if L&T didn't.

On Monday, L&T made a bid at hostile takeover of the multinational information technology and outsourcing company headquartered in Bengaluru by buying Siddhartha's stake and offering shareholders Rs 980 apiece via an open offer.

Mindtree on Tuesday came out with a scathing condemnation saying: "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 L&T chief said that the group doesn't plan to integrate MindTree with its IT services firm L&T Infotech and it will be run as an independent company.

Subrahmanyan added, "The money that L&T has put in is important for us. It is the blood and sweat of L&T employees-- some of the tallest projects... To earn a return is important for us. Based on a particular shareholder who was very keen, we have gone ahead.

It's an 80-year old company. We will go out of our way to make the investment succeed."

 On possible conflicts of interest between Mindtree and L&T Infotech, he quipped: "There are groups that have multiple IT companies. Tatas, Hindujas etc have got the same. There are matured people who will sort out the matter if there are such conflicts..."Read More