Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
Tata Tech CEO Banks on AI as It Chases $1 Billion Revenue Goal
Mint Ahmedabad
|September 15, 2025
AI will keep headcount growth in check, but won't lead to job cuts, says CEO Warren Harris
Tata Technologies Ltd, the engineering research and development (ER&D) unit of the Tata Group specializing in the automotive industry, has set itself a lofty target to reach $1 billion in revenue by FY28 while also improving its margins.
The company had a revenue of $611 million in FY25, with a net profit margin of 13.1%.
If successful, the move could help the company reverse investor disappointment amid a more than 40% decline in stock price since listing in December 2023. But to do so, it will have to pull off a near miracle by information technology (IT) services industry standards—bid aggressively for projects to win more business while also somehow cutting costs to improve margins.
The company's chief executive officer Warren Harris, who assumed office 11 years ago this week, has placed his bets on what many see as the corporate world's panacea—artificial intelligence (AI).
Denne historien er fra September 15, 2025-utgaven av Mint Ahmedabad.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Ahmedabad
Mint Ahmedabad
BHP renews bid for Anglo American takeover
Mining company BHP Group has made a renewed takeover approach to rival Anglo American, a person familiar with the matter said on Sunday, just months after the London-listed miner agreed merger plans with Canada’s Teck Resources to create a global copper-focused heavyweight.
1 min
November 24, 2025
Mint Ahmedabad
'Lakshmi Mittal quits UK ahead of likely tax on super-rich'
Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and aregular on the country’s richest billionaires tally, has decided to quit the UK as the Labour Party-led government's feared tax shakeup for the super-rich nears, according to a UK media report on Sunday.
1 mins
November 24, 2025
Mint Ahmedabad
Filings allege Meta hid causal proof of social media harm
Meta shut down internal research into the mental health effects of Facebook and Instagram after finding causal evidence that its products harmed users' mental health, according to unredacted filings in a class action by U.S. school districts against Meta and other social media platforms.
1 mins
November 24, 2025
Mint Ahmedabad
Will realty keep the pre-sale pace?
Listed realty firms are banking on new launches to drive pre-sales in H2FY26.
2 mins
November 24, 2025
Mint Ahmedabad
INDIA’S TERROR THREAT SHIFTS CLOSER HOME
ife, once in a while, throws up events that brutalise your consciousness and traumatise you for the rest of your life. The terror attacks in Mumbai on 26 November 2008, and in Pahalgam and Delhi this year top such chilling incidents.
3 mins
November 24, 2025
Mint Ahmedabad
Fluence Energy eyes global manufacturing base in India
The US-based firm is diversifying its supply chain amid geopolitical and pandemic-era risks
2 mins
November 24, 2025
Mint Ahmedabad
US's GameChange looks to set up India manufacturing plant
GameChange Solar, a global solar tracker manufacturer, is looking to double its revenues from India over the next few years as strong order flow from Indian corporates boosts its pipeline, Andrew Worden, founder and CEO of the US-based firm, said in an interview with Mint.
1 mins
November 24, 2025
Mint Ahmedabad
Australia PM says formal deal reached for Turkey to host COP31
Australian Prime Minister Anthony Albanese said on Sunday a formal agreement had been reached for Turkey to host the COP31 climate summit in 2026, confirming a document released at the COP30 summit in Brazil.
1 min
November 24, 2025
Mint Ahmedabad
OYO Assets gets 125 cr fresh funds
OYO parent PRISM-backed OYO Assets has raised ₹125 crore in a fresh funding round from a clutch of institutional and private investors led by InCred, people aware of the development said.
1 min
November 24, 2025
Mint Ahmedabad
Rupee may decline further as RBI has little elbow space
The local currency market is bracing for more weakness in the coming weeks, after the rupee sharply slid to a record low of 89.41 against the US dollar within the last hour of trade on Friday.
1 min
November 24, 2025
Listen
Translate
Change font size