IT services companies are transitioning from traditional outsourcing to an AI-first model driven by the need to move beyond labour-intensive services, address margin pressures, and provide clients with future-ready solutions
The consortium said that the tech park will be anchored by an IBM Quantum System Two installation, with a 156-qubit Heron quantum processor, the largest quantum computer in India.
TCS also plans to set up an Innovation Council to lead experimentation and development in areas such as AI democratisation, GenAI applications, and automation
"What we're trying to build isn't just an AI infrastructure—it's a collaborative ecosystem. Government sets the direction and enables access. Private players bring innovation. That's the model we need for the decade ahead," Abhishek Singh Additional Secretary and CEO India AI Mission
The Indian IT services industry may brace for a challenging year ahead as the new tariffs under American President Donald Trump are likely to increase inflation in its key US market and force clients to cut spending.
Under the agreement, TCS will integrate AI-driven automation and cloud technologies into more than 600 applications critical to Air New Zealand's operations
The India market grew 95.2 per cent year-on-year (YoY) in constant currency during the second quarter and contributed 8.9 per cent to the total revenue, up from 4.9 per cent during the same quarter of the previous year.
During the company's Q2 earnings call, Krithivasan explained that while many generative AI engagements tend to be smaller, larger and long-term projects offer greater value
As top bosses such as Sanjiv Mehta, MD Hindustan Unilever; Rajesh Gopinathan, MD and CEO TCS and CP Gurnani, MD and CEO, Tech Mahindra step down in 2023, the upcoming CEOs have tough tasks cut out for them
According to the notification, K Krithivasan shall take over as the chief executive officer and managing director of the company in the next financial year, subject to shareholder's approval, effective date of which would be intimated in due course