Infosys and Anthropic announce collaboration

There has been a lot of concern around Indian IT majors in recent days that AI would significantly impact their business. Now Infosys has announced a strategic collaboration with Anthropic, to develop and deliver advanced enterprise AI solutions to companies across telecommunications, financial services, manufacturing, and software development. Collaboration launches in telecommunications with dedicated Anthropic Center … Read more

Emergent raises $70 million as investors double down on vibe coding boom

Emergent has raised $70 million in a fresh round of funding led by Khosla Ventures and SoftBank Vision Fund 2, as the San Francisco-headquartered vibe coding startup looks to bolster its engineering team and expand into the enterprise market. Other investors such as Prosus, Lightspeed, Together, and Y Combinator also participated in the investment round. … Read more

TCS’ $6.5 bn bet marks India’s push against tech colonisation

Tata Consultancy Services (TCS) has drawn up a $6.5 billion capital expenditure plan that goes beyond simply setting aside risk capital, Times of India reported. The move marks a deeper push to build long-term digital capabilities and potentially guard against what experts call “tech colonisation”. As India’s digital infrastructure demand surges, companies are turning to … Read more

Donakanti family plans to sell ValueLabs at valuation of $1 B

Promoters of Hyderabad-based ValueLabs, a technology services and AI solutions firm, are looking to sell the entire business at a valuation of $1 billion (about ₹8,880 crore).The Donakanti family, which owns the company, has engaged Goldman Sachs to identify potential buyers, said multiple people familiar with the matter. Several global private equity buyout funds have … Read more

Infosys announces its largest buyback

The Company has announced a buyback of Rs 18,000 cr. Around 10 crore shares will be purchased at Rs 1,800 apiece, a 19% premium over the stock’s previous closing price. The buyback will account for 2.41% of the existing equity This is the fifth buyback by Infosys and it’s largest. Previous buybacks were of Rs … Read more