Tag: AI in Finance

TeraNova DC Targets 2 GW of AI-Ready Data Centres in India by 2032

Singapore-based Hillhouse Investments has launched TeraNova DC, a dedicated data-centre platform that plans to invest $12 billion to $15 billion in India by 2032. With a target of more than 2 gigawatts (GW) of capacity, the platform is set to become one of the largest announced data-centre programmes in the country. TeraNova DC will focus on hyperscale and AI-ready infrastructure. Its proposed locations are Maharashtra,...

Tech Mahindra’s Profit Rises 23.2% as Almost Every Large Deal Now Includes AI

Tech Mahindra’s profit after tax (PAT) rose 23.2% year on year to $166 million in the second quarter of FY27. The company won $1.023 billion in new deals in the quarter, up 25.4% from a year earlier. Deal wins over the past 12 months rose 34.8% from the same period a year before. On the earnings call, CEO and Managing Director Mohit Joshi said...
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Infosys Opens New TechFin Hub in GIFT City

Infosys has inaugurated a new state-of-the-art Development Center (DC) in Gujarat International Finance Tec-City (GIFT City), Gandhinagar. The global IT major announced that the...

RBI Forms Expert Committee to Establish Ethical AI Framework for Financial Sector

In a significant move to ensure responsible and ethical adoption of Artificial Intelligence (AI) in India’s financial sector, the Reserve Bank of India (RBI)...