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 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...
Tata Consultancy Services (TCS), India’s largest IT services provider, has announced plans to reduce its workforce by 2% in the financial year 2026. The...
Microsoft will lay off nearly 4% of its global workforce as part of cost-cutting efforts tied to massive investments in artificial intelligence. The move...
Cybersecurity company CrowdStrike will cut about 500 roles, or roughly 5% of its workforce, to streamline operations and optimize costs. The company stated it...
Amazon is set to eliminate 14,000 managerial positions by early 2025 as part of an aggressive cost-cutting strategy aimed at saving between $2.1 billion...
