LTTS bags deal to set up offshore development centre for US firm Tennant
L&T Technology Services (LTTS) has partnered with Tennant Company to develop sustainable cleaning products, establishing an engineering center in India. This collaboration will focus on integrating automation, IoT, and digital features into Tennant's equipment. The partnership aims to drive innovation, expand into emerging markets, and contribute to a greener future.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Mid-sized IT player L&T Technology Services LTTS ) has signed an agreement with US-based Tennant Company to help develop sustainable and innovative cleaning products. As part of this collaboration, LTTS will set up a dedicated engineering centre in India to support Tennant's new product development, lifecycle management, and other core operations, LTTS said on Wednesday.Tennant, known globally for clean tech , will work with LTTS engineers to design smarter and more energy-efficient cleaning equipment. The new Offshore Development Centre (ODC) will focus on embedding automation , internet of things (IoT), and digital features into Tennant's industrial cleaning products. The move also helps both companies expand in emerging markets, particularly across Asia-Pacific.Financial details and tenure of the deal were not disclosed.LTTS, the engineering arm of L&T Group, recorded its highest-ever deal bookings in the January-March 2025 quarter. 'In our view, FY26 will be a better year than FY25. We also reaffirm our medium-term outlook of USD 2 billion revenue,' chief executive and managing director Amit Chadha had said in April.The announcement comes a day after leading Indian IT companies—Tata Consultancy Services, Wipro and Tech Mahindra also announced multi-year deals in both traditional Anglophone markets of the US and the UK and continental Europe.This comes despite the recent circumspect global commentary over demand and slowing organic revenue growth.'With this partnership, we're combining world-class engineering with sustainability,' said Alind Saxena, Executive Director at LTTS. 'Our goal is to create responsible and intelligent products that contribute to a greener future.'Tennant's Chief Marketing & Technology Officer Pat Schottler added, 'The ODC with LTTS will help us accelerate innovation and support our mission of making the world cleaner, safer, and healthier.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
32 minutes ago
- Business Standard
Technology must aid, not replace, human mind in judicial decision: CJI
Technology must complement, not replace, the human mind in judicial decision-making, Chief Justice of India BR Gavai has said while emphasising that the value of discretion, empathy and judicial interpretation is irreplaceable. In his keynote address on "Role of Technology in the Indian Legal System" at the School of Oriental and African Studies (SOAS) of the University of London, the CJI said while the judiciary welcomes innovations like automated cause lists, digital kiosks and virtual assistants, it must ensure that human oversight, ethical guidelines and robust training are integral to their implementation. "The value of discretion, empathy and judicial interpretation is irreplaceable," Justice Gavai said and pointed out that the Indian judiciary is well-positioned to develop homegrown ethical frameworks tailored to the country's constitutional and societal realities. "We possess the technological expertise, the judicial foresight and the democratic mandate to build systems that reflect our values of equality, dignity and justice," he said. "In fact, in the very first week after assuming office as the chief justice of India, I initiated a discussion with the Centre for Research and Planning of the Supreme Court to prepare a comprehensive note on the ethical use of artificial intelligence and emerging technologies in the judiciary. "Technology must complement, not replace, the human mind in judicial decision-making," the CJI said, adding, "The emphasis must always be on using technology to enhance trust and transparency -- never to replace the human conscience at the heart of justice." He said though the judiciary has started to embrace technology, with the emergence of artificial-intelligence (AI) tools in judicial processes -- from case management to legal research, document translation and even predictive analytics -- there must be caution. "Around the world, debates are ongoing about the ethical use of AI in legal systems. Concerns include algorithmic bias, misinformation, data manipulation and breaches of confidentiality. For instance, sensitive information, such as the identity of a victim of crime, must never be disclosed due to AI error or the absence of clear protocols. Additionally, a few recent cases have shown that AI tools can generate fabricated citations or biased suggestions if not properly regulated and monitored," the CJI underscored. He added that technology, if anchored in constitutionalism and empathy, can transform access to justice from an abstract ideal into a lived and shared reality. "As we continue our journey toward modernising the Indian legal system, our approach must remain deeply rooted in constitutional values. The integration of technology must be people-centric, inclusive and guided by ethical clarity. Our ultimate goal should be to make justice accessible to every citizen, regardless of language, geography, income or digital literacy," he said. Concluding his address, Justice Gavai said, "I firmly believe that access to justice is not solely the responsibility of the judiciary. It is a shared national commitment. Law schools, civil society, legal-aid institutions and governments must work in unison to develop and promote technological models that are accessible, transparent and inclusive." Meanwhile, at a joint event of the Singapore International Arbitration Centre (SIAC) and Trilegal organised on the occasion of London International Disputes Week, CJI Gavai said in recent decades, the justice-delivery mechanism, once confined within the boundaries of courtrooms, has witnessed a significant shift towards modes of alternative dispute resolution, with arbitration emerging as a prominent pillar of that transformation. The CJI was speaking on the topic of "Navigating the evolving landscape: The impact of the 7th edition of the SIAC Rules on India-Related Arbitrations". "At the cusp of this evolution lies the recognition that justice, particularly in complex commercial disputes, need not be adversarial or bureaucratic. Rather, it must be confidential, expert-driven and above all, tailored to the needs of those who seek it. Arbitration, in this context, is a substantive recalibration of how we understand and deliver justice," he said. Justice Gavai pointed out that over the last 10-15 years, India has made a multi-pronged effort towards its aspiration of building a favourable and sought-after place for arbitration. "While legislative reforms have significantly strengthened India's arbitration framework, the judiciary has also played a proactive role in fostering a more arbitration-friendly environment. Various progressive judgments by the Supreme Court of India over the last few years stand testament to this. Nonetheless, the enormity of India as a country has ensured that certain on-ground challenges continue," he said. "The Indian judiciary has and will continue to recognise and respect the autonomy of the arbitral process, ensuring that the courts step in only when demanded by the needs of justice," he added. The CJI said, "In conclusion, I am happy to note that the 7th edition of the SIAC Rules is a forward-looking endeavour, aimed at enhancing efficiency while balancing fairness. For India, whose commercial players are increasingly global in outlook and operation, these rules offer both an opportunity and a challenge -- the opportunity to align with international best practices and the challenge to elevate our own standards while balancing them with India's practical realities.
Hindustan Times
42 minutes ago
- Hindustan Times
What more to expect from Paraguayan President's visit
A lot can happen over a maiden visit of a State leader. Paraguayan President Santiago Peña's three day long maiden visit to India from June 2- 4 presents a momentum in turning point in the ties of New Delhi and Asuncion, the capital of the landlocked, riverine nation. An economist by degree and occupation, President Peña brings a data-driven perspective to governance, viewing society through analytical metrics not just by his political ideology and preconceived principles, drawing from office. Prior to assuming the presidency, President Pena was the finance minister and once led the Central Bank of Paraguay. President Peña's maiden visit after a brief gap of any leader's visit to India occurs at an time when China has almost no naysayers in Latin America. Paraguay is the only country in South America that maintains diplomatic relations with Taiwan. Strategically, India and Paraguay share a common outlook on supporting Taiwan's autonomy. In December, Paraguay expelled Chinese envoy Xu Wei for alleged interference in its internal affairs. During his visit to New Delhi, President Peña held comprehensive talks with Prime Minister Narendra Modi on a wide range of issues. He emphasized that Paraguay produces enough food to feed ten times its own population. The nation possesses an intimate knowledge of the soil, yet remains bereft of technological acumen. Agritech and high-tech collaboration are essential between two aspiring nations. India is a perfect match in advancing its ambition for global food security through such partnerships. Interestingly, Paraguay also produces stevia, a natural sweetener permitted in India; however, Indian importers currently rely mostly on China and the US. There is clear scope for Indian players to tap into Paraguay as a new and reliable source. Paraguay's export portfolio is traditionally reserved to the periphery, with most of its trade directed to China, Brazil, and Argentina. However, it is now actively seeking to diversify its partners. As a landlocked nation with no coastline to secure, Paraguay benefits from a relatively low defence burden. It borders Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest—all trade partners, not threats. Given its strategic central location in South America, Paraguay could serve as a valuable regional hub for India to access broader Latin American markets. Both countries are eager to strengthen and expand their existing trade links under the India-MERCOSUR Preferential Trade Agreement. However, consensus among all five MERCOSUR member states is required to expand any talks between India and MERCOSUR. Paraguay's trade with China is about $5 billion plus whereas with India time to time differs from $130 million to $470 million. India wouldn't be in a position to reach anything near that China's export but it should rapidly increase the trade volume. India's advances in IT, digitalisation, innovation, and platforms like UPI and UIDAI have drawn interest from many South American countries, including Paraguay. Paraguay has historically maintained modest defence expenditures, but recent years have seen a shift in strategy. As India begins producing AK-203 assault rifles in Uttar Pradesh in collaboration with Russia, there is growing interest in expanding defence cooperation. Paraguay may consider imports of defence and surveillance items for traditional as well as cyber threats, including Indian-manufactured small arms and police equipment. Paraguay has overcome its traumatic past marked by two wars - the War of the Triple Alliance (1864–1870) against Brazil, Argentina, and Uruguay, which resulted in the loss of a large part of its territory and left the nation devastated for decades. And the other, Chaco War against Bolivia (1932–1935). Despite being landlocked, Paraguay is crisscrossed by large rivers and generates nearly all its electricity from hydroelectric sources. The Itaipu Dam, a joint operation with Brazil, supplies about 90% of Paraguay's electricity. India's capabilities in riverine and flood data management, as well as weather prediction, could be of immense value to Paraguay's hydro-focused energy sector. Given Paraguay's extensive river systems, there may also be opportunities for India and Paraguay to exchange knowledge or develop initiatives related to riverine connectivity - benefiting from each other's experience as major riverine nations. A member of the Lima Group, Paraguay is a vocal supporter of reforming the United Nations Security Council and other multilateral institutions, including global financial systems. India, with its rich civilizational heritage and growing global influence, is well-positioned to build a deep and enduring relationship with Paraguay—one that spans not just trade, but also for a defiant advocate of multipolarity. For an economist or a social scientist, society is the largest laboratory. During his visit, President Peña has already engaged with numerous leaders and heads of institutions. He showed particular interest in the Vande Bharat trains and connectivity projects, signalling plans to explore and possibly collaborate in these areas. Paraguay, a nation of around seven million people is a vast agrarian country, with approximately 40% of its territory covered in forest. It also possesses rich mineral resources, including critical minerals such as uranium and lithium which are in demand in India. Paraguay has had its share of challenges despite being a high performer in the agriculture sector. India should come forward identifying and helping to eradicate them. With its brigade of travel influencers, India must promote the nation's civilisation-based tourism and Spanish speaking youtubers bring more visitors to India. Paraguay is dire need of applied technology especially IT. Business ties between India and Paraguay could expand beyond meat and soybean exports. Major Indian automobile companies are already present in Paraguay, but there is scope for exporting superior tech-driven mobility equipment such as two-wheelers, lifts, elevators, and goods transporters. This article is authored by Ayanangsha Maitra, journalist, Center of Geoeconomics for the Global South, UAE.
Time of India
42 minutes ago
- Time of India
FPIs pull Rs 8,749 crore from stock market in June's first week; sharp reversal after RBI rate cut; NSDL data shows
NEW DELHI: Foreign Portfolio Investors (FPIs) displayed negative investment patterns in the stock market during the initial week of June. FPIs withdrew a total of Rs 8,749 crore from equities between June 2 and June 6, according to NSDL data. Tired of too many ads? go ad free now This shows that FPIs remained net sellers in the stock market for most of the week. The outflow occurred during a period of global uncertainty and investor caution. A sharp shift was seen on Friday after the Reserve Bank of India's Monetary Policy Committee unexpectedly cut the repo rate by 50 basis points. The repo rate decreased to 5.5%, strengthening investor confidence. Financial analysts suggest that this substantial rate reduction will enhance India's economic performance and strengthen demand conditions. "June first week saw a roller coaster in terms of FPI flows. The trend is positive as a weak US dollar is inversely correlated to EM flows," Banking and Market expert Ajay Bagga told ANI. "With Indian macro showing strength and expectations of the 100 bps rate cuts providing a further boost to economic momentum and aggregate demand, FPIs will rank India as a top investment destination. Valuations are quoted as a constraint but we see the growth potential overriding these concerns eventually," Bagga added. Despite concerns about elevated stock market valuations, analysts indicate that India's robust growth outlook could help address this issue. May recorded positive net foreign portfolio investment (FPI) inflows of Rs 19,860 crore, establishing it as the strongest month for foreign investment so far this year. In contrast, FPIs had sold equities worth Rs 3,973 crore in March, while January and February saw even higher outflows of Rs 78,027 crore and Rs 34,574 crore, respectively.
