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 ↗
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 ↗
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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