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Tata Tech CEO Bets on AI to Hit $1 Billion Revenue
Mint Mumbai
|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.
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FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Tobacco cess set to expire, enter health and national security cess
Finance minister Nirmala Sitharaman will introduce a bill in Lok Sabha on Monday to levy a new cess for public health and national security, replacing the GST compensation cess on tobacco, which will lapse when the Centre completes repayment of the loans raised to compensate states.
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Battery PLI may get new spark as rules set to ease
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New safety, emission rules spell riches for parts firms
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APIs to innovation: Bulk drug makers ramp up CDMO bets
Once focused on low-margin active pharmaceutical ingredients (APIs), India’s bulk drug manufacturers are raising their ambitions, with several now investing heavily in research and development to win contract development and manufacturing work from global drugmakers.
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Mint Mumbai
Smart GDP growth casts shadow over December rate cut
The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.
2 mins
December 01, 2025
Mint Mumbai
Why MF vendors haven't grown as fast as MF assets
A rising tide does not lift all boats—an adage that mutual fund distributors will vouch for.
4 mins
December 01, 2025
Mint Mumbai
Gen Alpha will make new rules for their workplace
Gen Alpha will expect hybrid workplaces, Al tools and 4-day weeks— offices unrecognizable to their parents’
3 mins
December 01, 2025
Mint Mumbai
EC extends electoral roll revision by a week to II Dec; final list on 14 Feb
The Election Commission on Sunday extended by one week the entire schedule of the ongoing special intensive revision (SIR) of electoral rolls in nine states and three Union territories amid allegations by opposition parties that the “tight timelines” were creating problems for people and ground-level poll officials.
2 mins
December 01, 2025
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