TORONTO – Minor hockey players paid tribute to their fallen teammate in their first game since their star goalie was killed in an alleged triple homicide east of Toronto.Fifteen-year-old Roy Pejcinovski, described as a promising hockey player, was found dead in his family’s home in Ajax, Ont., on Wednesday, alongside his mother Krassimira Pejcinovski and 13-year-old sister Vanallia, who was badly injured and later died in hospital.Police have charged 29-year-old Cory Fenn, who was in a relationship with the mother, with second-degree murder in the deaths.On Sunday, Pejcinovski’s team, the Don Mills Flyers, played the Toronto Marlboros in a friendly game where both sides wore jerseys with an “R” emblazoned on the front to tribute the goalie.The mood at the Toronto ice rink was sombre, with no cheers ringing out when either team scored a goal.The score board for the game remained at 7-4 throughout to represent Pejcinovski’s jersey number.There was no winner declared.Greater Toronto Hockey League strength conditioning coach Phil Zullo said being able to play was like meditation for the teens, some of whom were close friends of Pejcinovski.He commended the league’s decision to pay tribute to Pejcinovski and hold a moment of silence.“I don’t know if the kids would have been able to play without this. Nobody thought twice about it, it was an amazing idea,” Zullo said.“Some of his good friends got in touch with me, and they took the news really hard, it was shocking for them.”A GHTL spokesperson said the whole community would stand together in condolences.“It’s difficult to know what to say to people,” he said over the hockey’s PA system before the game.“In time I hope your thoughts will turn to good times.”He said that the league will remember Pejcinovski as a teammate and a friend, and said he hopes the community can stick together and support each other in the wake of the tragedy.
OTTAWA — Jagmeet Singh and Elizabeth May are continuing on the campaign trail today while the leaders of the bigger parties take a break from the road.Singh is to be in Toronto campaigning with Andrew Cash, a former NDP MP who’s trying to take back his Davenport seat from the Liberals.They’re starting with a discussion on precarious work at a neighbourhood coffee shop.May is in Winnipeg, where she’s to make an announcement in the morning and campaign with Manitoba Green candidates at The Forks later.After keeping up full-tilt schedules since the federal election call on Sept. 11, both Liberal Leader Justin Trudeau and Conservative Leader Andrew Scheer are taking pauses in Ottawa.They’re both heading back out on the trail on Sunday.The Liberals do have Catherine McKenna, the environment minister, making an announcement this morning about banning single-use plastics from federal government buildings.People’s Party Leader Maxime Bernier is in northern Ontario for a plowing match and a rally in North Bay.This report by The Canadian Press was first published Sept. 21, 2019.The Canadian Press
New Delhi: State-owned Power Finance Corporation (PFC) on Thursday completed acquisition of majority stake in REC Ltd by transferring Rs 14,500 crore to the government and is hopeful of merger of the two firms in 2019-20. The transaction assumed significance because it helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year. “We are hopeful about merger of the two firms (PFC and REC) during 2019-20. We have to get direction from the government in this regard and then we would appoint consultant for the purpose,” PFC Chairman and Managing Director Rajeev Sharma told reporters in a press conference on the deal. Also Read – Thermal coal import may surpass 200 MT this fiscalThis stake acquisition was in pursuance to the in-principle approval from the Cabinet Committee on Economic Affairs for strategic sale of 52.63 per cent of paid-up equity shareholding of REC held by the government to PFC, along with the transfer of management control. Sharma further said, “In line with the agreement, REC acquisition transaction by PFC got concluded today (Thursday) with release of payment to the government and transfer of REC shares to PFC. Now, PFC will be the holding company of REC and also its promoter.” Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostPFC has acquired 103.94 crore shares constituting 52.63 per cent equity stake held by the government in REC along with the management control at a cash purchase consideration of Rs 14,500 crore. The acquisition price of REC per equity share worked out to Rs 139.50 per piece. PFC has financed 70 per cent of the deal from the cash inflows from the business and the balance 30 per cent is through debt. PFC Director (Finance) N B Gupta said the company was in discussion with Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to raise money for the deal. Gupta said, “It would be difficult to tell who have financed this deal. We had a pool of funds raised through different modes and investors. There was a lot of funds availability in the market at competitive rates.” PFC borrowed around Rs 88,000 crore at competitive rates this fiscal and out of this, 50 per cent borrowing has been through term loans. The loans availed from banks are mostly based on marginal cost of funds-based lending rate (MCLR). Sharma said all domestic rating agencies have assigned PFC the highest safety rating of AAA after this transaction. He further said, “The acquisition of REC by PFC has presented PFC with a significant inorganic growth opportunity, whereby on a consolidated basis, PFC’s asset book, income, profit etc. would be almost doubled.” After this deal, as on December 2018, PFC’s loan assets would be around Rs 6 lakh crore and on the basis of 2017-18 financials, the consolidated annual income would be about Rs 50,000 crore and annual profit about Rs 11,000 crore. Considering the significant increase in size and profitability, it is expected that PFC would have higher strategic importance in financing of the power sector. PFC, therefore, will be a dominant player not only in the power sector but also in the entire financial market space, Sharma added. PFC will be the second-largest government-owned financial player in the country based on the current market capital after State Bank of India (SBI). Besides, PFC will be third-highest profit making financial player in India after HDFC Bank and HDFC – based on profit data of 2017-18. PFC on a consolidated basis is the third-highest profit making public sector undertaking in India after Indian Oil and ONGC based on the Department of Public Enterprise survey profit data for 2017-18. It will be fourth-largest financial player in the country based on interest income after SBI, HDFC Bank and ICICI Bank based on income data of 2017-18, Sharma said. Both PFC and REC are navratna central public sector enterprises with a combined annual revenue of about Rs 50,000 crore and this acquisition is a step towards consolidation of companies operating in the same space.
Defence Secretary Gotabhaya Rajapaksa has said that the Weliweriya drinking water dispute was settled satisfactorily. However he said that in the meantime certain vested elements provoked the villagers into needless confrontations, the Government information department reported.Rajapaksa said that the protesting public were satisfied with the solution offered to close a factory, which allegedly caused the contamination of water in the area, but those with political motives provoked some of the residents to stage protests. He has said that the National Water Supply and Drainage Board will ensure the distribution and treatment of water and has made arrangements to provide clean drinking water to the public in Weliweriya through its mobile water supply units and browsers. (Colombo Gazette) Meanwhile, the Minister of Water Supply and Drainage Dinesh Gunawardena has said that drinking water wells in the Weliweriya area in the Gampaha District had become polluted as a result of untreated chemical effluents coming from the industries.
The Muslim Council also called on the IGP to conduct an inquiry on the Aluthgama riots against the Muslims and take necessary police action against the perpetrators. (Colombo Gazette) President of the Muslim Council N M Ameen said in the letter that the Venerable Galaboda Aththe Gnanasara Thero had also threatened the police in his speech. Together with the letter to the IGP, Ameen also enclosed a DVD containing the speech made by Gnanasara Thero in Mahiyangana. The Bodu Bala Sena (BBS) has been accused of going back to its old habits of making hate speeches against the Muslim community.The Muslim Council of Sri Lanka has written to Inspector General of Police (IGP) Pujith Jayasundara saying BBS General Secretary the Venerable Galaboda Aththe Gnanasara Thero had threatened a repeat of the Aluthgama violence against the Muslim community, during a speech he made in Mahiyangana on 23 June. “As you are aware, two years ago on the 15thof June 2014, Ven. GnanasaraThreo incited the people of Kalutaradistrict to cause violence, death and destruction to the Muslims of Aluthgama and Beruwela. The rioting caused the death of two persons, destroyed house and property and inflicted damages to businesses worth billions of rupees. The repeated calls by the Muslim community for a commission of inquiry and punish the perpetrators have fallen on deaf ears. Two years on, Ven. GnanasaraThero is proudly claiming that he will repeat Aluthgama in Mahiyangana,” Ameen said in the latter.The Muslim Council of Sri Lanka called on the IGP to immediately initiate an inquiry against the said threat and take necessary police action against the provocation to violence.
274 kgs of cocaine has been discovered from a container yard in Peliyagoda, the police said.The cocaine had been concealed in a sugar container, the police added.
A woman in the group yelled at Vaiko, saying that he was not a Sri Lankan Tamil to raise the Sri Lankan issue, said a statement from the party on Monday.When Vaiko said he had the right to speak up for Sri Lankan Tamils with whom Tamil Nadu’s relations were intertwined, the men allegedly shouted at him, saying that rebel LTTE cadre were ruthless murderers and cut-throats, alleged the MDMK. The release said the Sri Lankan Tamils present at the venue felt that it was a deliberate attempt to stop Vaiko from attending the UNHRC session. India’s DMK working president M K Stalin condemned attempts by “some Sri Lankan nationals” to attack MDMK chief Vaiko after he spoke about the “genocide” in northern Lanka at the United Nations Human Rights Council (UNHRC).“I condemn the incident in Geneva. I take objection to the way a person from India was treated by Sri Lankan nationals and this has led to it becoming a cause for concern. I request the Indian Government to condemn the incident,” Stalin said, the Deccan Chronicle reported. According to the New Indian Express, a group of Sinhalese encircled Vaiko after he concluded his address for the second time at the UNHRC. Earlier, Vaiko had expressed concern over the alleged torture of Tamils at the hands of the Sinhalese. He noted that about 1.46 lakh Tamils were killed till May 2009, and 90,000 women were rendered war widows.The only way to protect the Tamils and ensure justice to them was to refer the issue to the UN General Assembly and recommending to constitute the International Criminal Court, Vaiko emphasised. (Colombo Gazette) Vaiko addressed the UNHRC meeting last week and accused the Sri Lankan Government of presiding over “genocide.” He also lamented about the lack of progress in investigations into the atrocities committed allegedly by the Sri Lankan army.
A Chinese military delegation held talks with Army Commander Lieutenant General Mahesh Senanayake at the Army Headquarters, the Army media unit said in a statement today.The Chinese military delegation is currently in Sri Lanka to offer technical assistance to the ongoing Chinese – funded auditorium complex at the Sri Lanka Military Academy (SLMA), Diyatalawa and to review its construction progress. The 4 – member delegation headed by Senior Colonel Chang Luhua, Chief of the project management team of the Chinese People’s Liberation Army (PLA) exchanged views with the Commander of the Army on the progress of the second phase of the project and other technical aspects. Phase II of the construction work of the new Auditorium complex commenced on 8th May 2018 at the Sri Lanka Military Academy premises in Diyatalawa. Major General Ajith Wijesinghe, Military Secretary, Colonel Udaya Kumara, Military Assistance and Colonel Keerthi Ranasinghe, the Project Management Officer for Sri Lanka attended the discussion. (Colombo Gazette)
The appeal, launched in coordination with the Kenyan Government and international and non-governmental organizations (NGOs), covers the next six months through February 2005 and focuses on six key areas: food, health and nutrition, water and sanitation, education, agriculture and livestock, and coordination and support services.Kenya is suffering a massive crop failure due to irregular rainfall patterns and contamination of grain reserves by aflatoxin, a toxin created by grain mould, prompting President Mwai Kibaki last month to declare a state of emergency. Food production in five of the country’s seven provinces will account for only roughly 40 per cent of what is needed this year. Of the 2.3 million people in need of emergency relief, 1.8 million require general food distribution and 500,000 school children take part in the school feeding programme. The total amount of food needed for the next six months is about 166,000 tons.In addition to distributing food to the most severely affected areas, the UN appeal seeks to distribute seeds to areas with high crop loss, prevent measles through a massive vaccination campaign, increase efforts in ongoing nutritional programmes, rehabilitate water sources, retain children in school through school feeding programmes and provide curative measures for livestock.UN agencies currently working with the Government to improve the situation are the World Food Programme (WFP), the UN Children’s Fund (UNICEF), the World Health Organization (WHO), the Food and Agriculture Organization (FAO) and the UN Development Programme (UNDP).For its part, FAO asked for $3.6 million to cover four emergency farming projects to help rural families threatened by hunger. “With the short-season rains coming in October, vulnerable households do not have the capacity to assure their future well-being without assistance. FAO sees the need for urgent intervention to preserve and rebuild the livelihoods of affected people and to reduce the causes of food insecurity,” said Bruce Isaacson, the agency’s representative in Kenya.
The Enabling the Graduation of LDCs report, produced by the UN Conference on Trade and Development (UNCTAD) and released on Friday, points to case studies on Zambia, Benin and Cambodia, which demonstrate that the continuing global economic upheaval had severely weakened and, in some cases, reversed economic gains in the world’s 48 Least Developed Countries, or LDCs. In his presentation of the report, the Director for UNCTAD’s Division on Africa, Least Developed Countries, and Special Programmes, Taffere Tesfachew, noted that in Zambia, the estimated loss in mining production and reduced exports between 2009 and 2010 had caused the country to lose up to 22 per cent in government revenues. Moreover, during the previous year, between June 2008 and June 2009, the total job loss in Zambia’s mining sector amounted to 30.4 per cent of the sector’s total labour force. “The recent economic and financial crisis has severely weakened the abilities of many LDCs to maintain steady income and spending,” said Mr. Tesfachew, adding that the study’s findings in Cambodia – where an estimated 63,000 jobs were lost between June 2007 and June 2008 – also indicated a downward global trend among the LDC category. According to the report, Benin also demonstrated a negative trend with the study showing that the proportion of people living in absolute poverty had increased from 33.4 to 34.4 per cent during the 2007 to 2009 biennium. Last year’s Fourth UN LDC Conference, held in Istanbul, resulted in a Programme of Action which set the target of having at least half of the LDCs emerge from their classification as “least developed” by 2020. Only three countries – Botswana, Cape Verde, and the Maldives – have ever succeeded in graduating from the LDC ranking in the 40 years since the category has existed. The island nation of Samoa is expected to exit in 2014, while the world’s youngest nation, South Sudan, is soon slated to join the ranks of the LDCs, raising the official number of countries to 49.
The attack came earlier this morning in three separate waves with one bomber detonating his vehicle near a heavily frequented gas station while two others exploded their car bombs near the home of Libya’s Speaker of the House of Representatives, Aqila Saleh Kuweider, and the Government’s security headquarters. According to reports, the bombings left at least 45 dead and many others injured. In a statement released today, UNSMIL “totally rejected” the “cowardly acts” and issued condolences to the families of the victims. “The Mission believes that the best response to counter terrorism and violence is for the Libyans to forge ahead with the search for a political solution to end the conflict and restore stability and unity to the country and the State institutions,” the statement added. In a separate statement issued by his spokesperson in New York, UN Secretary-General Ban Ki-moon also strongly condemned the multiple bombings and expressed his deepest condolences to the families of the victims. “These terrorist acts are an additional reminder that a political solution to the current crisis must be found quickly to restore peace and stability in the country and confront terrorism,” said that statement.Libyan stakeholders have been convening in a series of UN-facilitated meetings aimed at resolving the North African nation’s political crisis and bringing about military de-escalation across the country. Nonetheless, the violence has stirred concerns within Libya and across the international community about the country’s deteriorating security situation, particularly following the arrival of militants affiliated with the Islamic State of Iraq and the Levant (ISIL) and their brutal execution of 20 Coptic Christians and apparently another Christian man earlier this week. Overall, Libya’s protracted conflict has caused a serious humanitarian crisis, with at least 120,000 people forced to flee their homes, resulting in consequent shortages in both food and medical supplies along with mounting numbers of casualties.A recent burst of violence has further rattled the war-weary nation, in conflict since the beginning of its civil war in 2011, which resulted in the ouster of late Libyan leader Muammar Gaddafi.In the eastern city of Benghazi, an uptick in violence has seen 450 people killed since October 2014 as residents continue to face shortages in medical care. Moreover, upwards of 15,000 families – some 90,000 people – have been displaced.
In just a few hours, social network giant Facebook might levy a mighty blow against Google… and perhaps kill or cripple GMailin the process. Yup. According to reports, Facebook’s going to integrate a full webmail client and reveal it sometime today.Let’s put this in perspective. Facebook has over 500 million active users, compared to GMail’s 170 million registered users, Yahoo‘s 303 million and Hotmail‘s 364 million users. Just by integrating email into their social network, Facebook will immediately become the largest player in the lucrative webmail space.Let me point out something else. According to recent reports, Facebook is now serving up one in every four advertisements displayed on the Internet. If 500 million people start using Facebook for email, the ad money is going to go through the roof… and there’s no chance that users won’t use Facebook for email.Why? Because people are already using Facebook Messaging over email, because your mother and grandmother find it easier to understand. By integrating an email client into Facebook, Facebook will make webmail more accessible and approachable to hundreds of millions of people.If you wondered what was behind Google’s recent decision to block Facebook from importing GMail contacts, this was it: Google’s absolutely petrified that potentially hundreds of millions of GMail users will jump ship to Facebook, and allowing Facebook to import GMail contacts into a new webmail system would basically be signing their own death warrant. Stay tuned. This is going to be a huge shake up.Read more at Techcrunch
Let us know what you like about Geek by taking our survey. Stay on target Phoenix-area passengers can travel in style—and safety—with Waymo’s first fully autonomous vehicles.More than eight years in the making, the development firm is testing it’s self-driving technology on Arizona public roads—without anyone in the driver’s seat.“We prepared for this next phase by putting our vehicles through the world’s longest and toughest ongoing driving test,” the Waymo team wrote in a blog post.The Google spin-off has driven more than 3.5 million autonomous miles across 20 U.S. cities, and practiced some 20,000 “rare and unusual cases” at its private track.“We’re building our vehicles to be the most experienced driver on the road,” the company said, boasting safety features like backup steering, braking, computer, and power.For the last year, Waymo has offered free taxi rides to folks near Chandler, Ariz., shuttling people like Candace, Ted, and their four kids to work, school, soccer practice, and choir rehearsal in its fleet of autonomous vehicles.The modified Chrysler Pacifica minivans, however, always had a human employee behind the wheel, ready to take over in case of emergency. Until now.Confident in its technology, the enterprise has ditched its safety driver, and invites brave travelers in the Phoenix area to enjoy a quiet ride, free of inevitable cabbie small talk.Initially, passengers will have to contend with an employee observing from the back, there to press the “pull over” button if the car malfunctions, Ars Technica reported.Eventually, Waymo will expand its commercial driverless taxi service to more people and places. The idea is that a fleet of vehicles—rather than a personal ownership model—will allow more passengers to experience autonomous technology, sooner.“With Waymo in the driver’s seat, we can reimagine many different types of transportation, from ride-hailing and logistics, to public transport and personal vehicles, too,” the blog announcement said. “We’ve been exploring each of these areas, with a focus on shared mobility.”Parent company Google in 2015 successfully completed its first fully self-driving trip, when one of its prototype vehicles chauffeured Steve Mahan, who is legally blind, through Austin.“When fully self-driving vehicles become part of people’s everyday routine, we can move closer to our goal of making transportation safe and easy for everyone,” Waymo said. Keto Turns Your Smartphone Into Your Car KeysAston Martin Will Build You Your Very Own Supervillain Lair
By Yankuba JallowGreen Getho FC has on Sunday ended the unbeaten run of Tonkong FC following 1-0 victory in quarter-finals.The Nawettan organized by the Banyaka Youth and Sports Committee was dominated by Tonkong FC. Tonkong is the only club that has won all its consecutive 3 matches. Tonkong was potted in Group A with White Store FC, Two Forces and Holland. They won 2-1 against White Store, 1-0 against Two Forces and Holland each.Tonkong were sent parking by a lone goal by Pa Modou Colley in the first-half of the match, a forward player for Green Getho.In another match played on Saturday, Ron Mango FC excelled over Holland FC by the same score line. Ron Mango FC, the youngest team in the Nawettan reached the Semi-Finals alongside Green Getho.Young Sperta FC will play Two Forces tomorrow whilst White Store FC will play Foundation FC on Sunday.According to Abass Jatta, the PRO of the Sports Committee said: the ‘Nawettan’ is organized by the Committee to foster unity and harmony among the youth of the village.“The Nawettan is part of our action plan as a Committee. We are happy with the way it is going. We will select our team from the Nawettan that will represent the village in the District level. We are a new and young committee but I am happy to tell that the youth have really participated. Our next action plan is to conduct a capacity building programme for indigenes of the village. We are seeking for aid from any individual or group to support the village,” he said.
Bonnier Corp. today launched Science Illustrated+, a tablet edition of the magazine. The January/February issue is available in the iTunes App Store for the introductory price of $2.99 per issue. Science Illustrated+ was developed on Bonnier’s own Mag+ platform for tablet devices. Highlights of Science Illustrated +’s January/February issue include “An Oasis of Contrasts,” a digital pictorial of the world’s freshwater wetlands, which features iPad-exclusive video footage. Last month Bonnier launched an iPad-only version of Parenting called Parenting Seasons, a quarterly with pricing starting at $2.99, dropping to $1.99 in the middle of each seasonal quarter and $0.99 at the end of the quarter. The Winter edition features Gerber and Huggies as launch sponsors.”The challenge of an iPad-only issue is it’s a lot more work,” digital editorial director Rachel Fishman Feddersen said of Parenting Seasons. “I’ve seen a lot of magazines take their pages and pin it to the iPad and that’s it. This is an entirely new magazine. We designed it just for vertical viewing. We think when someone wants to start reading, they don’t want to keep turning the device back and forth.”
Mitch Seavey beds down his team in Kaltag (Photo: Ben Matheson, KNOM)Mitch Seavey has a substantial lead in the Iditarod, as the top mushers enter the final phase of the race. Seavey reached the Elim checkpoint at 3:26 p.m. According to the GPS tracker, Nicolas Petit is racing toward Elim in second, followed on the trail by Dallas Seavey and Joar Leifseth Ulsom.Listen nowAfter Elim, the race heads to White Mountain, where mushers take a mandatory eight hour rest before the final push to the finish line in Nome.
Angel BrokingLTTS is likely to benefit from (a) under-penetration, (b) expected increase in India’s market share in outsourced ER&D space, and (c) strong 13 percent industry CAGR during FY2015-20E.On considering strong growth potential of LTTS, which is ahead of some of the industry peers, coupled with 38 percent RoE levels in FY2016, FY2015-16 average cash flow from operations of Rs. 446 crore and strong ~64 percent dividend payout (translating to ~4 percent dividend yield), we are of view that TTS stock has the potential to trade at premium to the peers.LTTS could lose business volumes if large clients set up their own captive R&D centres. It is dependent to large extent on limited clients. Loss of a major client could impact the revenues of LTTS. L&T Technology Services is the second subsidiary of engineering and construction firm Larsen & Toubro (L&T) to hit the primary market with an initial public offering (IPO) in a span of less than four months. The company’s public issue comprises offer for sale of 1.04 crore shares held by L&T, whose stake will come down to 89.8 percent from the current 100 percent. The issue opens on Sept. 12 (Monday) and closes on Sept. 15 (Thursday).The company raised Rs. 268 crore by way of placement of 31.2 lakh shares to anchor investors at Rs. 860 per share. The price band for the IPO is Rs. 850-860 per share. The retail portion of the public issue is 35 percent.The L&T Infotech listing was a dampener for investors, with the shares listing below the issue price of Rs. 710 on the stock exchanges on July 21. The shares debuted at Rs. 667, a discount of 6 percent, despite being oversubscribed 11 times.L&T Technology Services (LTTS) enters the primary market amid a generally buoyant mood among investors, especially for IPOs as has been witnessed by listing at premium to issue price, though L&T Infotech was an exception. Company snapshotIncorporated in June 2012FY2016 sales: Rs. 3,067 crore (FY2015: Rs. 2,619 crore)FY2016 net profit: Rs. 417 crore (FY2015: Rs. 311 crore)Here is what brokerages are saying about the approximately Rs. 890 crore public issue:Kotak SecuritiesLTTS is a leading global pure-play ER&D services company.LTTS has been recognised by Zinnov, in the leadership zone, Zinnov’s highest-ranking category in eight industry verticals (industrial automation, construction and heavy machinery, medical devices, aerospace, automotive, rail and marine, telecom, energy and utilities), and two horizontal service offerings (embedded systems and mechanical).As a pure-play ER&D player, LTTS has an advantage over general IT services companies that also provide ER&D services, whilst targeting the ER&D business.LTTSL has long-standing relationships with their customers, which include more than 50 leading Fortune 500 companies and technology leaders such as P&G, UTC, Danaher, Eaton, Rockwell Automation and Calsonic Kansei.LTTS has so far filed 35 proprietary patents, and 134 patents have been filed by their customers along with their employees. They also have 1 published trademark and 9 pending trademark applications.The company delivered an EPS of Rs.40.9 in FY16. At the upper end of the IPO price band, FY16 earnings are discounted by 21 times. Motilal Oswal Securities Ltd.As part of their group corporate restructuring exercise, LTTSL brought together engineers with deep domain expertise in product and process engineering from IES and PES to create a specialised talent pool in ER&D services in their company. The end-to-end engineering expertise backed by their parent’s engineering heritage of over 75 years provides LTTSL a competitive edge over other ER&D players.As of March 31, 2016, LTTSL employed more than 8,000 engineers across multiple engineering disciplines, such as mechanical engineering, electrical engineering, electronic engineering, aeronautical engineering, computer science, telecommunications and instrumentation. LTTSL has 12 Global Delivery Centres in India and Overseas, 26 Sales Offices in India, North America, Europe, the Middle East and Asia and 31 Labs in India.Customers may set up captive R&D centres, which may result in loss in volume of work. Â· Revenue depends to a large extent on limited number of clients and could decline if the company loses a major customer.
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