Page 36 - Shivani Shinde

With new business unit, TCS takes different path to genAI strategy

TCS will perhaps be the only large player which has set up a BU focused on AI

TCS undergoes rejig, creates a business unit focused on AI, Cloud

The rejig goes back to vertical focus, and will encompass the earlier rejig done by Rajesh Gopinathan

Paris-based Capgemini to invest 2 bn euro in artificial intelligence

The company also said that it plans to double its data and AI teams to 60,000 in the next three years

Parliamentary Panel recommends DGCA-like authority for cybersecurity

The committee also recommended the institution of a white-listing framework for digital lending agencies and other financial intermediaries

Internet, telecom start-up Wiom raises $17mn for expanding business

Company gives customers unlimited internet starting at Rs 10, taps into government's PM-WANI framework

Tech Mahindra Q1FY24 net profit down by 38.8% YoY at Rs 692.5 crore

Misses estimates on revenue and net profit

For edtech firm Byju's chaotic situation, are only founders to be blamed?

Byju's delayed giving its FY21 financial report by 18 months and when it did, it reported a loss of Rs 4,570 crore. The FY22 financials are yet to be filed

Byju's 'regularly disregarded' advice on key matters, says Prosus

Dutch-listed firm breaks silence on its director's exit, says he was unable to fulfil his fiduciary duty

Indian organisations' cost of data breach at record high: Report

Cost of detecting and fixing cyberattacks has increased 45% sine 2020, it says

Edtech major Byju's, lenders agree to amend terms for $1.2 billion loan

Houlihan Lokey serves as financial advisor to the term loan lender group and Kirkland & Ellis LLP, Cahill Gordon & Reindel LLP, and Shearman & Sterling LLP are serving as legal advisors

Boosting productivity: Work-life balance with artificial intelligence

The report's findings on India were based on a survey of more than 2,000 desk workers

More misses than hits hint at uncertain times for IT services companies

First mismatch in the numbers is the total contract value (TCV) signed by the firms and the actual revenue growth registered

Kyndryl approach is to create in India for global markets: Lingraju Sawkar

Products and services created in the country can be adapted in other markets, he says

WhatsApp availabile on smartwatch app on Wear OS 3 globally: Meta

Available on watches that run Wear OS 3, users will no longer need their phone with them to stay connected, and can respond to friends and family using their voice, emojis, quick replies or text

o9 Solutions raises $116 mn from existing investors; valuation at $3.7 bn

The investment follows a period of continued performance by o9, including 55% year-over-year growth in Annual Recurring Revenue (ARR) as of Q2'23, said the statement

GCC employee base to go up to 4.5 mn by 2030: BCG India's Snehil Gambhir

'Firms have always been trying to balance between what they outsource to third-party and what they keep in-house,' says Snehil Gambhir, partner & director, BCG India

TCS extends partnership, will strengthen GE Healthcare's tech operations

IT services firm's service will enable GE Healthcare to provide care solutions to more than 1 bn patients

Intelligence just got real: IT companies hard-pivot to Generative AI

The company, which will announce its results on July 20, clarified that it was a closure of an old deal. It, however, refrained from disclosing the name of the client

SoftBank sells another 2% stake in Paytm; holding slips below 10%

Japanese investor has monetised $900 million to $1 billion on a total investment of $1.6 billion: Sources

Accenture to transform beer company Bira91's technology platform

Programme will help Bira 91's systems to provide a single and integrated data model