HCL Technologies Ltd bagged a $1.14 billion, five-year contract from a European Fortune 50 company, ending a three-year mega-deal drought for the country’s third-largest tech services firm. The deal assures HCLTech $228 million in annual revenue, translating to about 1.6% growth in FY27. “HCLTech is pleased to announce the signing of a significant strategic partnership … Read more
Meta-owned WhatsApp has put out a detailed FAQ on its upcoming username feature, addressing concerns around impersonation, scams and unwanted contact as users begin reserving usernames. The FAQ comes days after the Centre issued a notice to Meta, flagging fraud and impersonation risks and asking the company to hold off on the rollout until consultations … Read more
Persistent Systems Ltd is looking to anchor its long-standing European ambitions and hit a $5 billion revenue target by March 2031 through its largest-ever acquisition, German digital engineering firm Nagarro. The deal is expected to propel the company up two spots to become India’s seventh-largest IT services firm, boasting a combined revenue of about $2.9 … Read more
Micron Technology’s market value surged past that of Meta Platforms and ahead of Tesla on Thursday, as investors responded positively to the company’s latest outlook and growing exposure to the artificial intelligence sector. The memory chipmaker’s shares skyrocketed 18.4% to $1,236, lifting its market capitalisation to $1.398 trillion, placing it aboveMeta, which was valued at … Read more
At the 45th Annual General Meeting (AGM) of Infosys on Tuesday, Chairman Nandan Nilekani struck a confident note on the company’s future in an AI-driven world, asserting that artificial intelligence will act as a force multiplier rather than a disruptor for firms that adapt effectively. “AI will not replace a company like ours but amplify … Read more
Nvidia has unveiled a new liquid cooling system for its AI servers that the company says eliminates the need for water-hungry air-cooling fans, a development that could significantly reduce the environmental toll of the world’s fast-growing data centres. The Problem: Data Centres Are Draining Water Supplies Across US From contaminated wells to plummeting water pressure, … Read more
Meta Platforms Inc. has named fintech entrepreneur Kunal Shah as the new global head of WhatsApp, pulling off an unusual executive crossover as part of a $900 million investment in his financial services startup Cred. Shah, who has previously founded and sold FreeCharge and backed a range of Indian startups, will replace Will Cathcart, who … Read more
Reliance Industries‘ 49th annual general meeting (AGM) on Friday will be in sharp focus as investors await updates on the group’s strategic roadmap, including the timeline for the much-anticipated Jio Platforms IPO, retail growth plans, and developments in its new energy business. During the last AGM held in 2025, the company unveiled a series of … Read more
Adani Group and Jabil Inc. on Monday announced plans to form a strategic alliance to establish a vertically integrated AI and data centre infrastructure manufacturing platform in India, targeting large-scale production of AI-ready hardware for domestic and global markets. The proposed alliance will combine Jabil’s engineering and advanced manufacturing capabilities with Adani Group’s infrastructure, green … Read more