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Mumbai-based LTIMindtree expands US presence with new facility in Houston

YourStory

YourStory · 1y ago

Mumbai-based LTIMindtree expands US presence with new facility in Houston

Mumbai-based IT solutions provider LTIMindtree has opened a new facility in Houston to enhance collaboration with local clients. With a focus on AI, digital transformation, and ESG initiatives, the 6,500-square-ft facility will foster closer ties with energy and oil & gas companies that utilise the company's technology solutions. The facility will also be used for collaborative innovation workshops, design thinking sessions, and as a training centre to upskill LTIMindtree's and its clients' talent in next-gen technologies. LTIMindtree President Sudhir Chaturvedi highlighted Houston as a fast-growing technology hub with a strong talent pool.

Related News

Apple to create 20,000 US jobs as Tim Cook announces $500B investment; says, ‘We are bullish on the future!’ | Company Business News

Livemint

Livemint · 9m ago

Apple to create 20,000 US jobs as Tim Cook announces $500B investment; says, ‘We are bullish on the future!’ | Company Business News

Apple has announced a $500 billion investment in the United States over the next four years, creating 20,000 jobs focused on R&D, silicon engineering, software development, AI, and machine learning. A manufacturing facility in Houston will open in 2026 and an Apple Manufacturing Academy in Detroit aims to advance businesses' manufacturing techniques. This investment aligns with Apple's strategy to strengthen US-based innovation and technological development.

Uber expands same-day delivery service with Courier XL

YourStory

YourStory · 9m ago

Uber expands same-day delivery service with Courier XL

Uber is expanding its same-day delivery service, Courier, with the new Courier XL feature for larger packages. Initially available in Mumbai, this move positions Uber against competitors like Porter in the logistics sector. Porter's success is due to its driver-centric approach. Meanwhile, Uber's adaptability post-pandemic, leadership stability, and India's role as an R&D hub have strengthened its market presence. Additionally, Uber introduced a subscription model for auto drivers, shifting from the traditional commission-based revenue model.

Tim Cook says Apple’s ‘American-made advanced servers’ are shipping to its data centers.

The Verge

The Verge · 1m ago

Tim Cook says Apple’s ‘American-made advanced servers’ are shipping to its data centers.

Apple is shipping its American-made advanced servers from its Houston facility to data centers, as announced by CEO Tim Cook. These servers are part of Apple's $600 billion investment effort in the US and are designed to support Private Cloud Compute and Apple Intelligence.

Waaree Energies to invest $1 bn to set up solar facility in Texas

Livemint

Livemint · 2y ago

Waaree Energies to invest $1 bn to set up solar facility in Texas

Mumbai-based Waaree Energies plans to invest $1 billion in setting up a solar module manufacturing plant in Texas, US. The facility, located in Brookshire, will have an initial capacity of 3 GW of solar modules annually by the end of 2024. Waaree aims to expand the capacity to 5 GW by 2027 and will also add a US-made solar cell facility. The plant is expected to create over 1,500 jobs in the US. Waaree has already supplied over 4 GW of modules to the US and has long-term supply agreements with US-based SB Energy.

Tata Consulting Engineers acquires Houston-based CDI Engineering

VCCircle

VCCircle · 11m ago

Tata Consulting Engineers acquires Houston-based CDI Engineering

Tata Consulting Engineers (TCE), a subsidiary of Tata Sons, has acquired CDI Engineering Solutions LLC, a Houston-based company, to enhance its presence in the US, the world’s largest design engineering market. CDI, founded in 1950, provides engineering, procurement, and construction management services across various sectors, including energy and semiconductors. This acquisition aims to foster innovation and sustainable engineering solutions, complementing TCE’s existing suite of engineering consultancy services.

LTIMindtree bags $100 million order from US chemical firm - The Economic Times

Economic Times

Economic Times · 1m ago

LTIMindtree bags $100 million order from US chemical firm - The Economic Times

LTIMindtree has secured a multi-year contract exceeding $100 million with a US-based chemical manufacturer. The deal involves providing IT services focused on cost optimization and innovation through AI and automation. This strategic win emphasizes LTIMindtree's commitment to developing its AI capabilities. The company reported a 10% revenue increase in the latest quarter compared to the previous year. LTIMindtree has also launched an AI unit, BlueVerse, to tackle industry challenges effectively.

This US tech firm is now bigger than some Indian IT companies. Here's how

Livemint

Livemint · 1y ago

This US tech firm is now bigger than some Indian IT companies. Here's how

US technology services firm EPAM Systems has managed to outpace rivals LTIMindtree Ltd and Tech Mahindra Ltd by doubling its employee strength in India. Following a halt in business due to the Russia-Ukraine conflict, EPAM almost doubled its employee presence in India, making it the company's second-largest employee base. This strategy has allowed EPAM to retain its client base and achieve growth. In contrast, Tech Mahindra and LTIMindtree faced their own challenges, such as revenue decline and senior management departures. EPAM's operational shift and expansion plans have been positively received in the market.

One Point One Solutions to acquire US-based healthcare company for $45 mn

VCCircle

VCCircle · 11m ago

One Point One Solutions to acquire US-based healthcare company for $45 mn

One Point One Solutions Ltd (OPO), a Mumbai-based IT services firm, announced plans to acquire a US-based healthcare company specializing in revenue cycle management for $45 million. This acquisition, pending regulatory approvals, aims to enhance OPO’s presence in the global BPM healthcare market. OPO intends to incorporate advanced technologies like AI and machine learning to improve service delivery. Additionally, OPO is expanding its operations with new centers in Uruguay and the Dominican Republic.

Nazara expands M&A war chest; to buy Smaaash, UK gaming studio

VCCircle

VCCircle · 1y ago

Nazara expands M&A war chest; to buy Smaaash, UK gaming studio

Mumbai-based gaming and sports media company, Nazara Technologies, has announced plans to increase its budget for mergers and acquisitions in order to expand its global presence. Initially allocating $100 million for M&As, Nazara will now spend more than planned as it aims to build its position in the global market. The company has already acquired Smaaash, a leading entertainment and gaming company in India, and a UK-based gaming studio.

Sage Geosystems Raises $17M in Series A Funding

Finsmes · 1y ago

Sage Geosystems Raises $17M in Series A Funding

Houston-based company Sage Geosystems has secured $17 million in Series A funding led by Chesapeake Energy Corporation. The funds will be used to build a 3 MW commercial Geopressured Geothermal System (GGS) facility in Texas. Sage Geosystems specializes in developing GGS technologies, which harness energy from pressurized water stored deep underground. The facility, named EarthStore™, will store energy for short and long durations, providing baseload power and inertia to the electric grid. Construction is expected to commence in Q2 2024, with a target commission date of Q4 2024.

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