The fee hike for the US H-1B visa by the Donald Trump administration has no short-term impact on Tata Technologies Ltd, although it will change resourcing plans for the future, according to its CEO and Managing Director, Warren Harris. The global product engineering and digital services firm, by virtue of its staffing architecture, which has about 70 per cent of its employees in any country coming from that nationality, is less exposed to visa issues than other "Indian competitors that are India out", Harris told PTI. "We are not an India-out company. We were very much a global company, with the majority of our employees in different territories who were nationals of those countries. We have Americans running our US operation. We have the Chinese team running our China operation, unlike many of our Indian competitors that are India-out. They are much more exposed to visas," he said. Harris was responding to a query on the implications of the hike in the annual H-1B visa fees to USD
(Reuters) -Indian engineering firm Tata Technologies reported a 5% rise in second-quarter profit on Friday, as growth in its non-automotive business cushioned weakness in its key auto-focused segment.
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The net profit declined 9.9 per cent sequentially from ₹188.87 crore reported in the March quarter (Q4 FY25)
Tata Tech shares fell 2% after the company had 8.59 million shares, or 2.1 per cent equity changed hands in a block trade
Global product engineering and digital services firm Tata Technologies Ltd expects its return to healthy growth by the second quarter of this fiscal anticipating bilateral trade pacts between the US and its trade partners and the emergence of clarity after President Donald Trump's tariff shock, its CEO and Managing Director Warren Harris said. Having grappled with softness in the market over the last 12 months, he told PTI that the company was entering the new fiscal year "relatively bullish" before Trump's "tariff shock" prompted its customers to once again revisit their plans. "A lot of those customers towards the end of the (last) fiscal year were starting to get clarity, were starting to put programme decisions and we were very much encouraged by the interactions we had with many of our customers. We were relatively bullish coming into April," he said. Harris further said, "But unfortunately, almost within the first week of the new fiscal year the new (US) president announced th
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Global product engineering and digital services firm Tata Technologies Ltd on Friday reported a 20.12 per cent rise in consolidated profit after tax at Rs 188.87 crore in the fourth quarter ended March 2025 on the back of higher income and lesser expenses. The company had posted a consolidated profit after tax (PAT) of Rs 157.24 crore in the same quarter of the year-ago fiscal, Tata Technologies said in a regulatory filing. Consolidated total income in the fourth quarter of FY25 stood at Rs 1,342.73 crore as compared to Rs 1,325.19 crore in the year-ago period, it added. Total expenses in the fourth quarter were at Rs 1,088.20 crore as against Rs 1,094.4 crore in the year-ago period. For the fiscal ended March 2025, PAT was at Rs 676.95 crore as compared to Rs 679.37 crore in the preceding financial year, the company said. Consolidated total income in FY25 was at Rs 5,292.58 crore as against Rs 5,232.75 crore a year ago, it added. "Over the year, we closed a total of 17 large dea
Decisions to invest in the US are likely to be delayed due to lack of clarity over tariff policy under President Donald Trump's new administration, according to Tata Technologies CEO & MD Warren Harris. The company, a global product engineering and digital services firm with significant presence in the US, however, is hopeful that in the next month or two, there will be some clarity in terms of policy, Harris told PTI from Detroit. "We are very bullish, medium to long term in North America. The lack of clarity on things like tariffs are not helpful. They're not helpful to our customers, and because they're not helpful to our customers, investment decisions are likely to be delayed," he said. Harris was responding to a query on the impact of Trump's tariff war against various countries. He further said,"But what we are clear about is that the administration is only less than two months old, and so I think in the next month or two, we are going to see clarity in terms of policy. ...
Global product engineering and digital services firm Tata Technologies on Tuesday announced key leadership changes as part of its strategy to closely support clients across automotive, industrial heavy machinery, and aerospace sectors. The changes are part of the company's 'One Team with Customers' philosophy by deepening integration with top global clients through dedicated account teams, Tata Technologies said in a statement. Under the new structure, Nachiket Paranjpe will expand his leadership scope, continuing to grow the automotive business outside Tata Motors Ltd (TML) group while driving transformation in the embedded software and software-defined vehicles (SDV) business, it said. His role will encompass full lifecycle ownership of sales, solutions, and delivery, ensuring Tata Technologies remains at the forefront of SDV and embedded software innovation, it added. Keith Matthews has been elevated as Head Sales - Aerospace Business with immediate effect. He will focus on scal
This would mark the second company from the Tata Group to go public in less than two years, as earlier in 2023, Tata Group's technology arm, Tata Technologies went public
Ahead of the Union Budget, Tata Technologies on Monday called for increased allocation toward upskilling initiatives aligned with Industry 4.0 to create a future-ready workforce. In order to achieve India's ambitious goals outlined in the roadmap for a USD 5 trillion economy, the budget should prioritise innovation-driven policies, investments in emerging technologies, and the development of products in India, for India and the world, Tata Technologies CEO & MD Warren Harris said in a statement. Key growth drivers such as smart manufacturing, AI, digital transformation, and software-defined vehicles (SDVs) require strong government backing through incentives for R&D, skill development, and infrastructure enhancement, he noted. Outlining the company's expectations from the budget, Harris said,"We recommend increased allocation toward upskilling initiatives aligned with Industry 4.0, creating a future-ready workforce capable of excelling in advanced technologies like AI, IoT, ...
The partnership will leverage Tata Technologies' deep expertise in automotive software engineering and integration of next-gen technologies
Tata Technologies' profit fell 27% in the quarter ended March 31 due to similar reasons
Tata Tech IPO: The shares of Tata Technologies will likely be listed on the bourses (BSE & NSE) on November 30
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