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TCS Unveils $6.5 Billion AI Plan and New Subsidiary After Q2 Results
TCS announced a $6.5 billion AI strategy to form a new subsidiary and a 1-Gigawatt AI data center in India. This follows Q2 results with subdued revenue and a net profit affected by one-time costs. The mega AI plan and returning FII inflows are expected to counter the soft quarter and drive a positive opening for Indian IT stocks on Friday.
Hindustantimes• By struti
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TCS Unveils $6.5 Billion AI Plan and New Subsidiary After Q2 Results
TCS announced a $6.5 billion AI strategy to form a new subsidiary and a 1-Gigawatt AI data center in India. This follows Q2 results with subdued revenue and a net profit affected by one-time costs. The mega AI plan and returning FII inflows are expected to counter the soft quarter and drive a positive opening for Indian IT stocks on Friday.
Hindustantimes• By struti
Explore:High Return Equity Mutual Fund
1 min read
61 words
TCS's $6.5B AI plan overshadows weak Q2 earnings, boosting market outlook.
TCS announced a $6.5 billion AI strategy to form a new subsidiary and a 1-Gigawatt AI data center in India. This follows Q2 results with subdued revenue and a net profit affected by one-time costs. The mega AI plan and returning FII inflows are expected to counter the soft quarter and drive a positive opening for Indian IT stocks on Friday.
TCS announced a $6.5 billion AI strategy to form a new subsidiary and a 1-Gigawatt AI data center in India. This follows Q2 results with subdued revenue and a net profit affected by one-time costs. The mega AI plan and returning FII inflows are expected to counter the soft quarter and drive a positive opening for Indian IT stocks on Friday.
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IT
AI
IT
AI
TCS
Q2 Results
FII
Indian Stock Market