IndiaAI, GPU capacity, Indian labs and IT services.
Anant Raj Cloud Singapore and Orange Business Services Singapore signed a memorandum of understanding with Haryana's Department of Industries & Commerce on October 6 to market data-centre, cloud and AI infrastructure services hosted in the state to…
Finance angle The finance angle is the Rs 25,000 crore Anant Raj committed to data-centre infrastructure in Haryana under a June 2026 memorandum: the Orange tie-up is about finding overseas tenants for that capacity. A developer earns from data centres through long leases and cloud contracts, so the 307 MW matters only as it is…
Read the report at Angel One ↗
A World Bank report on India found that roughly three in four firms are not using artificial intelligence, and that use is concentrated among formal businesses while small informal ones have barely begun. It estimated that 14% of Indian workers are in jobs…
Finance angle The finance angle is the size of the untapped domestic market: with about 75% of firms not yet using AI, most enterprise spending on it in India is still ahead, and that is the revenue line Indian IT services companies, cloud providers and data-centre builders compete for. The report gives no rupee figure for that…
Read the report at Business Today ↗
Aurionpro Solutions has received a follow-on order worth Rs 150 crore from an unnamed global hyperscaler to supply, install, test and commission an AI-ready data centre facility in Navi Mumbai, to be completed in nine months. It is the company's first use of…
Finance angle The finance angle is where AI capital spending reaches Indian suppliers: Rs 150 crore for this order and close to Rs 300 crore from this one hyperscaler in under a year, paid to an Indian contractor for building and fitting out capacity rather than for chips or software. The same spending is the order book for listed…
Read the report at Angel One ↗
Anthropic said on October 5 that its Claude Opus 5, Sonnet 5 and Haiku 4.5 models can now be used through an India endpoint on Amazon Bedrock, with requests processed on servers inside the country. Reliance and CRED tried the service in a private preview.…
Finance angle Banks, insurers, payment systems and government bodies often cannot send customer data abroad, which has kept many AI projects at the pilot stage; local processing removes that obstacle for Claude. The money flows to Amazon Web Services (usage is billed through Bedrock) and to Anthropic, and to IT services firms that…
Read the report at Business Today ↗
Three of India's largest IT services companies have taken over global capability centres (GCCs), the in-house technology units that multinationals run in India, this year. TCS took on Best Buy's India centre for about Rs 2,000 crore, Wipro bought Mindsprint…
Finance angle The finance angle is revenue that is bought and locked in. Wipro's Mindsprint deal is put at about USD 1 billion (Rs 9,625 crore) of revenue over eight years; TCS paid about Rs 2,000 crore for Best Buy's centre. These takeovers come with service contracts of five to eight years, at a time when AI is pushing down…
Read the report at Lapaas Voice ↗
The Naukri JobSpeak index rose to 3,053 in September from 3,002 a year earlier, a 2% increase in white-collar hiring. AI/ML roles grew 20% and the auto sector 11%; BPO/ITES and global capability centres grew 4% each. IT and software services hiring fell 4%,…
Finance angle Wages are the largest cost line for Indian IT services companies, and hiring is an early reading of the demand they see. A 4% fall in IT services postings alongside 20% growth in AI/ML roles and 4% growth at global capability centres shows where the work is moving: toward specialised skills and toward clients' own…
Read the report at Angel One ↗
Tata Consultancy Services agreed with US electronics retailer Best Buy to take over the retailer's Global Capability Center in India under a multi-year arrangement. Best Buy's India staff move to TCS, and the centre is to be converted over time into what TCS…
Finance angle The finance angle is the direction of work rather than a disclosed figure: no contract value was given. Captive centres run by overseas companies have been taking work that once went to Indian IT vendors; here a client hands its captive back to a vendor, turning an in-house cost centre into TCS revenue and adding the…
Read the report at Angel One ↗
Infosys reported first-quarter FY27 revenue of $5,082 million, up 2.4% from a year earlier, with an operating margin of 21.1%, 0.2 points higher than the previous quarter. For the first time in a results headline it gave the share of revenue from AI, at…
Finance angle An 8.2% AI share of $5,082 million implies a little over $400 million of AI revenue in the quarter for India's second-largest IT exporter, which gives investors a figure to set beside TCS's $2.6 billion annualised number. The $3.6 billion of large deals, 61% net new, is future revenue from clients mainly in the US…
Read the report at Infosys (SEC Form 6-K) ↗
Wipro reported April-June IT services revenue of $2.61 billion, 1.0% higher than a year earlier but 1.4% lower than the previous quarter, and net profit of Rs 3,360 crore, up 0.6% on the year. Large deal bookings were $1.63 billion, up 12.9% sequentially in…
Finance angle Wipro's numbers show AI-led deals being signed without yet lifting revenue: large deal bookings grew 12.9% to $1.63 billion, but IT services revenue fell 1.4% on the quarter to $2.61 billion and the guided range of $2.574-2.627 billion for the next quarter brackets roughly flat sales. The company gave no separate AI…
Read the report at Angel One ↗
HCLTech reported first-quarter FY27 revenue of $3.65 billion, up 3% from a year earlier and 2.6% in constant currency, with what it called its highest-ever first-quarter net new bookings of $2.4 billion. Advanced AI revenue was $171 million, up 10.6% on the…
Finance angle Advanced AI at $171 million is under 5% of HCLTech's $3.65 billion quarterly revenue but is growing 62.1% a year against 2.6% for the company overall. The planned outlay of up to Rs 3,500 crore on AI data centres, scalable to 50MW, moves an Indian IT services firm into owning compute capacity, a capital cost that…
Read the report at HCLTech (via Kyodo News PR Wire) ↗
Tata Consultancy Services reported April-June quarter revenue of Rs 72,275 crore, 2.2% more than the previous quarter, and consolidated net profit of Rs 13,349 crore, 2.7% lower sequentially. The company said its annualised AI revenue reached $2.6 billion,…
Finance angle TCS is the first large Indian IT exporter to give a running dollar figure for AI work: $2.6 billion annualised, growing 13.6% in one quarter while group revenue grew 2.2%. The $9.5 billion of contract value signed in the quarter, including the $800 million SKF deal, is the pipeline that feeds later revenue. The…
Read the report at IIFL Capital ↗
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