OCC is a network of interoperable micro data centres in the country. According to this model, India needs 10,000 micro data centers to build its compute power. This network would bring compute power closer to users, enabling faster processing, lower latency, and stronger data sovereignty.
LTIMindtree aims to reach $10 billion revenue by 2030 through organic growth and acquisitions. Despite challenges in market conditions, the company focuses on strategic changes to drive growth and improve margins.
Organisationally, Pallia has also hand-picked two Wipro veterans as key senior leaders (Malay Joshi, CEO of Americas 1 and Hari Shetty as Chief Strategist and sales excellence officer). Joshi succeeded Pallia as CEO of Americas 1 - the company's strategic market unit (SMU) that has been outperforming other SMUs for past couple of quarters.
Yellow.ai's Orchestrator LLM combines 15 AI models for enterprise tasks, enhancing customer conversations. It reduces operational costs, boosts agent productivity, and caters to global enterprises like Sony, Domino's, and Hyundai.
“The acquisition of Softcrylic aligns perfectly with our vision of becoming a dominant preferred partner for our clients’ needs around customer and marketing analytics," said Girish Pai, global head, data and AI at Hexaware. “Softcrylic’s deep data capability combined with their marketing analytics expertise will enable us to help our clients unlock the power of their data and drive tangible business outcomes.”
A second person said the company is also in near final stages for a successful tape-out of semiconductor chips in 28, 40, 55, 65 nm (nanometre), and some other higher nodes. A tape-out refers to the final result of the designing process for integrated circuits or printed circuit boards before they are sent for manufacturing.
Payload manufacturers mostly run on designs of the Indian Space Research Organisation (Isro). The move is seen as a step up in the capability of the private space sector. This comes in the run up to the company's plans to launch four satellites in 2026.
The company, which has 25 core compute and storage sites across the world, announced in February that, in the first phase of the Gecko project, it aims to embed compute with support for virtual machines (VM) into 100 cities by the end of the year. The initiative is part of Akamai’s multi-year strategy to become a key platform in enterprise multi-cloud environments.
After the SRO plan was discarded, the Centre, in November last year, set up a group of ministers, including home minister Amit Shah and finance minister Nirmala Sitharaman, to look into regulatory issues around online gaming.
The startup, supported by IITM Pravartak Technologies Foundation and incubated in the IIT-Madras Incubation Cell, said the chip has had a successful MPW tape-out (the silicon industry term for prototyping) at the 28nm node, and that reference boards will be available for original equipment manufacturers to try out it in the coming weeks.
Top Indian IT service providers like Tata Consultancy Services, Infosys and Wipro too have seen a drop in their headcount, which declined by around 70,000 in total in the fiscal year ended March 31.
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