Latest news with #L&TTechnologyServices
Time of India
3 days ago
- Business
- Time of India
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 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 details and tenure of the deal were not 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 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 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.'
Business Standard
3 days ago
- Business
- Business Standard
L&T Technology Services inks pact with Tennant for sustainable product development
L&T Technology Services announced that it has signed a strategic agreement with Tennant Company, a global leader in industrial cleaning equipment, to accelerate the development of sustainable new products. As part of the collaboration, LTTS will establish a dedicated Offshore Development Center (ODC), equipped with a scalable engineering team to support Tennants initiatives in New Product Development (NPD), Product Lifecycle Management (PLM), and other core business functions. This strategic work between the two companies aims to accelerate the development of cutting-edge industrial cleaning technologies, leveraging LTTS' deep expertise in embedded systems, expertise in IoT (Internet of Things), and digital engineering to drive efficiency and sustainability. It also reflects LTTS' broader commitment to advancing its sustainability vision by fostering eco-friendly and energy-efficient engineering solutions that contribute to a greener future. The partnership aims to fast-track the development of cutting-edge industrial cleaning technologies, leveraging LTTSs strengths in embedded systems, IoT, and digital engineering to enhance efficiency and sustainability. It also aligns with LTTSs broader vision of promoting eco-friendly and energy-efficient engineering solutions, contributing to a greener future. The ODC will house a team of highly skilled engineers focused on enhancing Tennants product innovation, boosting operational performance, and integrating smart automation into its product lineup. The collaboration is expected to open new avenues for innovation in emerging markets, particularly in the Asia-Pacific region. Alind Saxena, executive director & president of mobility & tech at L&T Technology Services, stated, "As Tennant continues to redefine industrial cleaning through innovation and a strong commitment to a greener future, LTTS is proud to collaborate in advancing next-generation solutions in its Sustainability segment. By leveraging our expertise in engineering design, manufacturing, and supply chain optimization, we are committed to enabling intelligent, responsible products, enhancing efficiencies, and supporting Tennant's growth in emerging technologies to build a sustainable and responsible tomorrow." Pat Schottler, chief marketing & technology officer for Tennant Company, said, Working with LTTS enables us to harness world-class engineering capabilities and accelerate our product roadmap. Reinforcing a shared commitment to pioneering transformative solutions, the dedicated ODC will play a crucial role in driving new innovations that align with our mission to create a cleaner, safer, and healthier world. L&T Technology Services (LTTS) is a global leader in engineering and technology services. As a listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit declined 8.7% to Rs 311.10 crore on a 17.5% rise in net sales to Rs 2,982.40 crore in Q4 FY25 over Q4 FY24. Shares of L&T Technology Services (LTTS) rose 0.48% to Rs 4,340.05 on the BSE.
Economic Times
22-05-2025
- Business
- Economic Times
Singapore could enter technical recession, trade ministry official says
The Monetary Authority of Singapore maintains current policy settings, following policy easing in January and April. Synopsis Singapore may enter a technical recession with two consecutive quarters of contraction, but a full-blown recession is not certain, according to Trade Ministry Permanent Secretary Beh Swan Gin. Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains How Pi42 is simplifying crypto trading: CTO Satish Mishra on integrating technical & fundamental insights NEXT STORY
Time of India
21-05-2025
- Automotive
- Time of India
Autonomous Driving progresses, gets a few knocks too
The A of ACES (Autonomous, Connected, Shared, Electrified) global mobility megatrends stood out for its dramatic proposition of turning a car into a robot. That also explains why it attracted the maximum hype among all the megatrends. However, industry players (and more the CEOs than the CTOs in them) discover that it's an easier said than done proposition, leading to quite a few dropping their autonomous driving plans. Some pursue that ambition still, and try to make it move on the roads. A couple of Indian start-ups are also in the race. We bring you a mix of stories which also reflect the mixed performance of the evolving Autonomous Driving tech, in this week's edition of the ETAutoTech newsletter. But first, we are delighted to announce the new season of ETAuto Technology Talks, which begins with a limited 'tech yatra'. In the first episode, we visit a $1.26 billion Indian engineering major with a global presence – L&T Technology Services , which is also developing new-age mobility tech at its Bengaluru hub. It is one of the examples of India's ER&D prowess, which is increasingly shining at the global stage. ETAuto embarks on a yatra, of the tech kind! ETAuto Technology Talks kicks off a brand-new season with a Tech Yatra — and the first pit stop is the $1.26B L&T Technology Services! Join us as we dive into the world of cutting-edge mobility tech with CTO Ashish Khushu and Global Mobility Head Srinivasa Rao. From EV evolution to fostering a culture of engineering and innovation — it's all here. Watch at Minus Zero unveils vision-based autopilot built for Indian roads In a landmark development for autonomous mobility in India, Bengaluru-based startup Minus Zero has developed a vision-based self-driving system tailored for chaotic Indian traffic conditions. This AI-powered solution eliminates dependency on LiDAR, offering a cost-efficient and scalable alternative. Read more Waymo gains California approval to expand robotaxi services Alphabet's Waymo has received regulatory clearance to widen its paid robotaxi operations across the San Francisco Bay Area. The move marks a major leap forward in the commercial deployment of autonomous vehicles in the U.S. Read more robotaxi catches fire in China, no injuries reported Chinese autonomous driving company confirmed a fire incident involving one of its robotaxis. The company said the vehicle was unoccupied and no injuries occurred, but the cause is still under investigation. Read more Waymo recalls 1,200 autonomous vehicles after minor crashes Following a series of low-impact collisions, Waymo has issued a recall of 1,200 self-driving vehicles for software upgrades. This raises new questions around safety protocols and regulatory scrutiny in AV rollouts. Read more Made in India | Tech Spotlight Renesas to design India's first 3nm chips; opens R&D centres in Noida and Bengaluru Renesas Electronics is set to design India's first 3nm semiconductor chips. The Japanese firm has expanded its India footprint with two new R&D centres, reinforcing India's role in the global chip innovation race. Read more MBRDI partners Tata Elxsi for SDV and software engineering Mercedes-Benz Research and Development India has teamed up with Tata Elxsi to strengthen its software development for software-defined vehicles (SDVs), underscoring the rising importance of intelligent vehicle architecture. Read more KPIT Tech expands presence in China amid global SDV push Auto software giant KPIT Technologies is ramping up its global expansion, extending its footprint in China to serve global OEMs with localized software solutions in the autonomous and SDV domains. Read more Hyundai India rolls out digital vehicle passport for connected cars Hyundai India has introduced a vehicle digital passport, enabling real-time data tracking and ownership authentication for connected vehicles. The innovation aims to enhance transparency and vehicle lifecycle management. Read more We'd love to know what you thought of this edition! Your feedback helps us shape a better experience for our readers. Feel free to share your suggestions or comments at And, don't forget to mark 18th and 19th June on our calendars, and be part of the 6th ETAuto Tech Summit! To register, click on Thank you for reading!
Economic Times
20-05-2025
- Business
- Economic Times
US stocks open lower ahead of Fed officials' commentary
US stocks Synopsis Wall Street's main indexes opened lower on Tuesday as investors awaited commentary from Federal Reserve officials through the day to assess the potential impact of U.S. President Donald Trump's tariffs in the second half of 2025. us stockswall streetdow jonesnasdaq compositetrump tariffsfederal reserve Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains How Pi42 is simplifying crypto trading: CTO Satish Mishra on integrating technical & fundamental insights NEXT STORY
