Avik Das

CoreEL gets $30 million Series B to support aerospace defence projects

Bengaluru-based aerospace and defence technology firm CoreEL Technologies has raised $30 million in Series B funding to scale manufacturing in large defence programmes in India and overseas

American banking giant JP Morgan to set up Asia's largest GCC in India

US banker's move puts the country on top of the global GCC map

Business that's hiring as AI race hots up: GCCs outpace IT giants

GCCs outpace traditional IT giants in taking in talent as they pivot from basic operations to strategic AI, marking a decisive shift from maintenance to modernisation

The bubble lies in larger LLMs, says Cognizant AI chief Babak Hodjat

Even if the LLM funding bubble bursts, enterprise AI adoption-driven by agentic systems and real use cases-will remain intact, says Cognizant's chief AI officer

HCLTech buys telco solutions business from HPE for nearly $160 million

The deal will also help HCLTech to beef up its engineering and AI-led network propositions to global communication service providers

TCS annualised AI revenue at $1.5 billion, says CEO K Krithivasan

TCS has disclosed for the first time that its annualised AI revenue is about $1.5 billion, as investors seek clarity on returns from large AI investments across IT services firms

India well placed to lead high performance computing, says AMD executive

India's supercomputing mission is advancing steadily with govt backing and public-private partnerships, positioning the country to move ahead in high-performance computing, says AMD's Thomas Zacharia

Space tech company Digantara raises $50 million in Series B funding

Space tech firm Digantara raises $50 million in Series B to expand globally, scale manufacturing and build full-stack space surveillance and intelligence capabilities

Developers need new skills for AI software systems: Microsoft's Nadella

TCS, Infosys, Wipro, and Cognizant to deploy over 50,000 Copilot licenses, collectively surpassing 200,000

$70 bn and rising: Amazon's $35 billion bet lifts India's AI tide

Amazon's mega 5-yr plan tops announcements made by Microsoft, Google

India makes its bets as AI chip race hots up; startup costs may fall

The country is expanding computing power for its AI mission. That's happening as rising competition between Google, Nvidia and other technology giants may lead to lowering costs for domestic startups

Indian IT services majors emerge as key bidders for US Bancorp's GCCs

Indian IT majors vie for mandate as American bank plans insourcing rampup

Enhancing margins: Weak rupee a silver lining for IT services companies

The Indian IT services industry derives roughly 90 per cent of its revenues from global markets-about 57 per cent from the US and around 28 per cent from Europe

Nvidia-backed Cohesity to invest $1 bn in India over 5 years: CEO Poonen

Cohesity will invest $1 bn in India over five years, expanding engineering centres in Bengaluru and Pune as it scales AI-driven cybersecurity amid rising global and domestic threat levels

Infosys seeing surge in traction among clients for India-based GCCs

Infosys, India's second largest IT services provider, launched its AI-first GCC model last month which accelerates the set up and transformation of GCCs into AI-powered hubs for innovation and growth

TCS signs 5-year deal with SAP to modernise cloud and AI operations

TCS and SAP have agreed on a five-year collaboration to streamline enterprise IT, strengthen AI-led capabilities and accelerate innovation as clients shift savings from traditional contracts

Revenue per employee won't rise immediately despite AI intervention: Banga

Nitesh Banga discusses the company's growth plans and why measuring revenue per employee as an indicator of organisational efficiency is still some time away

Snowflake says no plans to launch R&D centre in India now

A small percent of Snowflake's revenue comes from India now, considering Asia Pacific and Japan (APJ) contribute just six percent to the topline, while almost 80 percent comes from the US

Incentivise buyers to purchase India-made chips, says industry body

India has ten semiconductor projects in the works, spanning fabs, outsourced semiconductor assembly and test (OSAT) units and assembly, testing, marking and packaging (ATMP) facilities

Xoriant buys quality engineering firm TestDevLab to expand its presence

The deal, value of which is not disclosed, is Xoriant's fourth acquisition in the last three years, which include Fexle Services and MapleLabs last year and Thoucentric in 2023