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Manoj Kothiyal named CBO and global head of AI at LTIMindtree
MUMBAI: LTIMindtree has brought a seasoned AI strategist into its top leadership, appointing Manoj Kothiyal as chief business officer and global head of AI. The move signals the company’s intent to put artificial intelligence firmly at the heart of its next growth chapter.
Kothiyal steps into the role after more than a decade at Boston Consulting Group, where he was a managing director and partner. Known for translating complex data science into real business results, he has worked across industries to deliver large-scale digital and AI transformations.
At LTIMindtree, Kothiyal will shape global business strategy while leading the company’s AI initiatives. His focus will be on helping enterprises move beyond experimentation and adopt AI in ways that are practical, responsible and scalable.
“I’m excited to share that I’ve joined LTIMindtree as Chief Business Officer and Global Head of AI,” Kothiyal said. “After 11 wonderful years at BCG, I’m looking forward to helping organisations build AI-first strategies that create meaningful business impact.”
During his time at BCG, Kothiyal played a key role in digital manufacturing and supply chain innovation. He also founded Snow AI, a next-generation analytics platform that uses machine learning and generative AI to help companies simulate scenarios, optimise supply chains and make faster decisions.
Earlier in his career, he held leadership roles at WNS and Absolutdata, where he built and scaled data science teams and delivered analytics programmes across global markets.
With Kothiyal on board, LTIMindtree is betting on experience, clarity and a touch of curiosity to turn AI ambition into everyday business value.
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Meta Q1 profit jumps 61 per cent as revenue climbs to $56.3 billion
Ad growth and AI momentum drive strong quarter with steady margins
CALIFORNIA: Meta Platforms, Inc. posted a robust performance for the first quarter ended March 31, 2026, with net income surging 61 per cent year-on-year to $26.77 billion, driven by strong advertising demand and continued user growth across its platforms.
Revenue rose 33 per cent to $56.31 billion, compared to $42.31 billion in the same quarter last year. On a constant currency basis, revenue increased 29 per cent. Operating income grew 30 per cent to $22.87 billion, while operating margin remained steady at 41 per cent.
Diluted earnings per share jumped 62 per cent to $10.44 from $6.43 a year ago. The results included a $8.03 billion income tax benefit, without which earnings would have been lower.
Meta Platforms, Inc. founder and CEO Mark Zuckerberg said, “We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs. We’re on track to deliver personal superintelligence to billions of people.”
Daily active users across Meta’s family of apps reached 3.56 billion in March 2026, up 4 per cent year-on-year. Advertising remained the primary growth driver, with ad impressions increasing 19 per cent and average price per ad rising 12 per cent.
Total costs and expenses climbed 35 per cent to $33.44 billion, reflecting higher investments in artificial intelligence and infrastructure. Capital expenditure stood at $19.84 billion during the quarter.
Cash flow from operating activities was $32.23 billion, while free cash flow came in at $12.39 billion. The company reported $81.18 billion in cash, cash equivalents and marketable securities as of March 31, 2026.
Looking ahead, Meta expects second quarter revenue to range between $58 billion and $61 billion, with foreign exchange expected to provide a 2 per cent tailwind. Full-year expenses are projected between $162 billion and $169 billion, while capital expenditure guidance has been raised to $125 billion to $145 billion.
With strong ad momentum and continued investment in AI, Meta is maintaining its growth trajectory while preparing for the next phase of digital innovation.
