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Tata Tech CEO Bets on AI to Hit $1 Billion Revenue
Mint Chennai
|September 15, 2025
AI will keep headcount in check, but won't lead to job cuts, says 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.
Denne historien er fra September 15, 2025-utgaven av Mint Chennai.
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FLERE HISTORIER FRA Mint Chennai
Mint Chennai
Furlenco reinvents furniture rentals
Furniture rental startup Furlenco is doubling down on its premium offerings to fuel growth as it prepares for a public listing, according to founder and chief executive Ajith Karimpana.
2 mins
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Real estate tokenization: Own premium properties for less
Investing in real estate located at premium locations is out of reach for most people, given the high upfront costs.
2 mins
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Mint Chennai
Allied Blenders eyes single malt, expects twofold turnover in 5 yrs
Allied Blenders and Distillers Ltd (ABD), a homegrown spirits company, plans to enter the single malt whisky segment, amplifying its presence in the fast-growing premium segment of the alcoholic beverages, said its Managing Director Alok Gupta here on Tuesday.
1 mins
October 01, 2025
Mint Chennai
Lloyds’s new ₹25,000 cr steel bet stares at triple challenges
Primary steel unit will have to deal with demand uncertainty, higher costs and Maoist threat
2 mins
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Mint Chennai
Why General Motors boss Mary Barra is slamming the brakes on lofty EV ambitions
Falling consumer demand and shriveling government support undermine GM's all-electric plans
8 mins
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Mint Chennai
89 Maharashtra pharmacy colleges face action over lapses
The Pharmacy Council of India (PCI) has barred 89 pharmacy colleges in Maharashtra from admitting first-year students for the 2025-26 academic session, after inspections revealed lapses including insufficient teaching staff, as well as poor infrastructure and safety measures.
1 mins
October 01, 2025
Mint Chennai
CoreWeave inks $14 bn Meta deal to power AI
CoreWeave Inc. has signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth of computing power, underscoring the massive costs of developing and running advanced AI models.
1 min
October 01, 2025
Mint Chennai
Boeing starts working on 737 MAX replacement
Boeing is planning a new single-aisle airplane that would succeed the 737 MAX, according to people familiar with the matter, a long-term bid to recover business lost to rival Airbus during its series of safety and quality problems.
4 mins
October 01, 2025
Mint Chennai
The FAA shouldn't let Boeing certify its own planes so soon
Reducing oversight while the firm ramps up production is risky
3 mins
October 01, 2025
Mint Chennai
Namma Yatri shifts gears: Cabs power revenue growth engine
Bengaluru-based mobility startup Namma Yatri, which launched on-demand auto-rickshaw services three years ago, now generates a significant share of its revenue from cabs as it expands into Bhubaneswar, Chennai and Kolkata.
1 mins
October 01, 2025
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