Latest news with #AI-driven
France 24
an hour ago
- Business
- France 24
Afghan refugees in Pakistan live in fear amid mass expulsions
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Time of India
8 hours ago
- Automotive
- Time of India
TechM to invest in sales, marketing in next 2 years across key markets: Mahindra
IT company Tech Mahindra will invest in sales and marketing as well as learning infrastructure in key markets to enhance its position, Mahindra Group Chairman Anand Mahindra said on Thursday. During the Annual General Meeting of Tech Mahindra , he said that the IT firm has an edge in the area of AI, which is reshaping businesses and society. "Over the next two to three years, the company plans to invest in learning infrastructure and in enhancing market position in key markets by investing in sales, marketing and key service lines across strategic verticals," Mahindra said in response to a question asked by a shareholder. Tech Mahindra has opened a ' Manufacturing Xperience Center ' at its campus in Chennai to help manufacturers quickly prototype and scale AI-driven innovations to address industry challenges such as high operational costs, process inefficiencies, supply chain disruptions, and complex operational hurdles. "We remain open to setting up centres like the one in Chennai and other cities and opportunities will be assessed in collaboration with relevant stakeholders," Mahindra said. He said that Tech Mahindra is simplifying its legal entity structures across jurisdictions as liquidation costs are outweighed by the optimisation benefits. Mahindra emphasised on use of AI with trust and in a responsible manner based on the company's legacy since its inception as a JV with British Telecom. "It is trust that enabled your company to make a success of its counterintuitive decision to acquire Satyam Computers," he said. Mahindra said that Tech Mahindra has adopted AI not merely as a tool but as a powerful force. "I like to think of AI as a brilliant child prodigy born in a library, with access to the entire world's knowledge and an extraordinary capacity to collate and apply it. But like all prodigies, it needs to be nurtured and guided to achieve its full potential for good. Your company recognises its responsibility to apply AI to serve the best interests of our clients and the greater good of society," he said. Mahindra said that TechM is helping its clients harness the full potential of AI. "The next frontier is clear: responsible implementation and measurable returns - the true test of AI's promise," he said. Mahindra, however, did not disclose the contribution of AI to the company's profit. "I would like to believe that our reliance on the twin pillars of trust and effective application of AI is a major contributory factor to the progress your company has made in garnering major logos," he said. Tech Mahindra secured new deals with a Total Contract Value (TCV) of USD 809 million in the first quarter of 2025-26. The company added two clients in the USD 50 million-plus revenue category over the past year. The company has posted a nearly 34 per cent year-on-year increase in consolidated net profit to ₹1,140.6 crore for the quarter ending June 30, 2025, on the back of growth in communications and financial services verticals. The Pune-based company's revenue from operations for the first quarter of 2025-26 grew 2.65 per cent to ₹13,351.2 crore from ₹13,005.5 crore in the same period last year.
Economic Times
16 hours ago
- Automotive
- Economic Times
TechM to invest in sales, marketing in next 2 years across key markets: Mahindra
IT company Tech Mahindra will invest in sales and marketing as well as learning infrastructure in key markets to enhance its position, Mahindra Group Chairman Anand Mahindra said on the Annual General Meeting of Tech Mahindra, he said that the IT firm has an edge in the area of AI, which is reshaping businesses and society. "Over the next two to three years, the company plans to invest in learning infrastructure and in enhancing market position in key markets by investing in sales, marketing and key service lines across strategic verticals," Mahindra said in response to a question asked by a shareholder. Tech Mahindra has opened a 'Manufacturing Xperience Center' at its campus in Chennai to help manufacturers quickly prototype and scale AI-driven innovations to address industry challenges such as high operational costs, process inefficiencies, supply chain disruptions, and complex operational hurdles. "We remain open to setting up centres like the one in Chennai and other cities and opportunities will be assessed in collaboration with relevant stakeholders," Mahindra said that Tech Mahindra is simplifying its legal entity structures across jurisdictions as liquidation costs are outweighed by the optimisation emphasised on use of AI with trust and in a responsible manner based on the company's legacy since its inception as a JV with British Telecom."It is trust that enabled your company to make a success of its counterintuitive decision to acquire Satyam Computers," he said. Mahindra said that Tech Mahindra has adopted AI not merely as a tool but as a powerful force."I like to think of AI as a brilliant child prodigy born in a library, with access to the entire world's knowledge and an extraordinary capacity to collate and apply it. But like all prodigies, it needs to be nurtured and guided to achieve its full potential for good. Your company recognises its responsibility to apply AI to serve the best interests of our clients and the greater good of society," he said that TechM is helping its clients harness the full potential of AI."The next frontier is clear: responsible implementation and measurable returns - the true test of AI's promise," he however, did not disclose the contribution of AI to the company's profit. "I would like to believe that our reliance on the twin pillars of trust and effective application of AI is a major contributory factor to the progress your company has made in garnering major logos," he Mahindra secured new deals with a Total Contract Value (TCV) of USD 809 million in the first quarter of 2025-26. The company added two clients in the USD 50 million-plus revenue category over the past company has posted a nearly 34 per cent year-on-year increase in consolidated net profit to Rs 1,140.6 crore for the quarter ending June 30, 2025, on the back of growth in communications and financial services verticals. The Pune-based company's revenue from operations for the first quarter of 2025-26 grew 2.65 per cent to Rs 13,351.2 crore from Rs 13,005.5 crore in the same period last year.
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Business Standard
18 hours ago
- Automotive
- Business Standard
Tech Mahindra to boost sales, marketing spend in key markets over 2 years
During the Annual General Meeting of Tech Mahindra, he said that the IT firm has an edge in the area of AI, which is reshaping businesses and society Press Trust of India New Delhi IT company Tech Mahindra will invest in sales and marketing as well as learning infrastructure in key markets to enhance its position, Mahindra Group Chairman Anand Mahindra said on Thursday. During the Annual General Meeting of Tech Mahindra, he said that the IT firm has an edge in the area of AI, which is reshaping businesses and society. "Over the next two to three years, the company plans to invest in learning infrastructure and in enhancing market position in key markets by investing in sales, marketing and key service lines across strategic verticals," Mahindra said in response to a question asked by a shareholder. Tech Mahindra has opened a 'Manufacturing Xperience Center' at its campus in Chennai to help manufacturers quickly prototype and scale AI-driven innovations to address industry challenges such as high operational costs, process inefficiencies, supply chain disruptions, and complex operational hurdles. We remain open to setting up centres like the one in Chennai and other cities and opportunities will be assessed in collaboration with relevant stakeholders, Mahindra said. He said that Tech Mahindra is simplifying its legal entity structures across jurisdictions as liquidation costs are outweighed by the optimisation benefits. Mahindra emphasised on use of AI with trust and in a responsible manner based on the company's legacy since its inception as a JV with British Telecom. It is trust that enabled your company to make a success of its counterintuitive decision to acquire Satyam Computers, he said. Mahindra said that Tech Mahindra has adopted AI not merely as a tool but as a powerful force. I like to think of AI as a brilliant child prodigy born in a library, with access to the entire world's knowledge and an extraordinary capacity to collate and apply it. But like all prodigies, it needs to be nurtured and guided to achieve its full potential for good. Your company recognises its responsibility to apply AI to serve the best interests of our clients and the greater good of society, he said. Mahindra said that TechM is helping its clients harness the full potential of AI. The next frontier is clear: responsible implementation and measurable returns the true test of AI's promise, he said. Mahindra, however, did not disclose the contribution of AI to the company's profit. I would like to believe that our reliance on the twin pillars of trust and effective application of AI is a major contributory factor to the progress your company has made in garnering major logos, he said. Tech Mahindra secured new deals with a Total Contract Value (TCV) of USD 809 million in the first quarter of 2025-26. The company added two clients in the USD 50 million-plus revenue category over the past year. The company has posted a nearly 34 per cent year-on-year increase in consolidated net profit to Rs 1,140.6 crore for the quarter ending June 30, 2025, on the back of growth in communications and financial services verticals. The Pune-based company's revenue from operations for the first quarter of 2025-26 grew 2.65 per cent to Rs 13,351.2 crore from Rs 13,005.5 crore in the same period last year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Euronews
21 hours ago
- Business
- Euronews
Foreign defense companies can now test weapons in Ukraine
Foreign defence companies can now test their newest weapons in Ukraine, according to a new programme launched on Thursday. Brave1, a defence technology incubator supported by the Ukrainian government, announced the 'Test in Ukraine' initiative, where allied governments could hand over prototypes for drones, loitering munitions, naval drones, electronic warfare systems and AI-driven products for testing on the battlefield. In exchange, Brave1 would return with a detailed report about how it performed on the battlefield and suggest any additional real-time changes that would have to be made. Participants of the programme would also be matched with a Ukrainian manufacturer working on a similar technology for 'co-production and faster deployment'. 'We're ready to help companies from partner nations develop, test, and refine technologies that actually work on the battlefield,' Mykhailo Fedorov, Ukraine's minister of digital transformation, said in a press release. 'This is a chance to gain experience that simply cannot be simulated in a lab'. Ukraine gets involved with EU rearmament efforts Brave1's announcement comes after a series of recent initiatives to bring Ukrainian defence tech start-ups into the broader EU rearmament effort. Last week, the incubator announced the BraveTechEU partnership, which will see up to €100 million split between Brave1, the European Defence Fund (EDF), and the EU Defence Innovation Scheme (EUDIS) to build new technologies by funding defence hackathons, investor matchmaking and research. The EU also activated a €150 billion "SAFE" loan instrument that lets states borrow money for joint defence projects. At least 65 per cent of the weapons' components have to be sourced from within the EU or Ukraine. It launched a joint EU-Ukraine Force on Defence Industrial Cooperation to integrate Ukraine into the 'defence-tech ecosystem'. Ukraine also signed a €67 million deal with Denmark to let their defence companies build their designs on Danish soil, which is the first of its kind. Major European defence companies, including Sweden's SAAB, Norway's Kongsberg, French-German KNDS, Germany's Rheinmetall, and the US's Raytheon, are reportedly expanding their presence on the ground, according to a June press release from Ukraine's ministry of defence. Still, experts previously told Euronews Next that Ukraine should be included in 'common planning,' with the EU because they are able to provide comments and criticisms of classic weapons that make up a good portion of their procurement strategies.
