News Summary:
LTIMindtree unveiled a new brand identity and positioning on February 12, with its Board of Directors approving a proposal to change the company name to 'LTM Limited,' subject to shareholder and regulatory approvals. Earlier that day, Managing Director and CEO Venu Lambu told CNBC-TV18 that concerns about artificial intelligence causing a structural slowdown in the IT industry were “overblown or exaggerated.” Lambu, speaking as the company rebranded to ‘LTM Limited,’ asserted that AI would reshape services but not pose a long-term threat. Previously, on February 12, LTIMindtree was among India's six largest IT companies, including TCS, Infosys, HCLTech, Wipro, and Tech Mahindra, that collectively incurred a one-time cost of ₹5400 crore in Q3 FY26 due to new labor codes rolled out in November 2025. These codes consolidated 29 old laws into four and altered gratuity and leave benefit calculations. On February 11, the broader Indian IT sector, which extensively utilizes the H-1B visa program, braced for potential impacts from US President Donald Trump’s increased H-1B visa fee, which rose to $100,000, and the introduction of weighted H-1B visa selection criteria.
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