Global News

[ad_1] BENGALURU: L&T Technology Services ( LTTS ), the engineering services arm of the L&T group, has reported revenue of $290.7 million in the quarter ended December. Compared to the preceding September quarter, the revenue growth was 0.9% in constant currency. Compared to the year-ago quarter, it was 11%. During the quarter, LTTS signed six deals with a total contract value of more than $10 million. “We have made notable progress in each of our new-technology focus areas – AI, software defined vehicles (SDV), and cybersecurity. In AI, we filed 53 patents across segments like transportation, medical and industrial products. We had our first major win in SDV with a US OEM to define the architecture of their next generation automobiles,” Amit Chadha, managing director and chief executive officer of LTTS, said. Chadha said the deal pipeline continues to be robust with multiple large deal opportunities as customers seek productivity and efficiency improvement. The firm ha

[ad_1] Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar has reiterated government's commitment to fulfill all the international obligations within the stipulated time. Ishaq Dar on Wednesday apprised the Asian Development Bank (ADB) delegation of the current economic outlook of the country, besides briefing about the recently concluded Standby Arrangement (SBA) with International Monetary Fund (IMF). A delegation of Asian Development Bank (ADB) led by Country Director Young Ye, called on Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar. The SAPM on Finance Tariq Bajwa, Secretary Finance, and senior officers from the Finance Division and ADB team participated in the meeting. The Finance Minister shared the reform priorities of the government in the areas of domestic revenue mobilization, energy sector reforms, and women-inclusive finance. He said that timely implementation of the ongoing development projects funded by ADB was also d