| | JUNE 20258Focusing on higher growth from unexploited market potential, India's largest IT services provider, TCS has split the existing artificial intelligence (AI) and Cloud business unit into two. It has formed a dedicated business unit focused on AI, while the other one will be dedicated to Cloud. The AI unit now led by Siva Ganesan, combines AI and data services, while Krishna Mohan heads Cloud. Ashok Krish has been appointed as the global head of AI while Satish Byravan will be the global head of Data. The AI-Cloud business, formed about two years ago, is observed to be delivering higher growth than the TCS average, but a need was felt to double down the focus. The move is believed to reflect TCS's aim for rapid growth by focusing on specialized AI and Cloud expertise.Siva Ganesan, who is heading the newly created AI Data unit, stated, "AI is getting more pervasive by the day and featuring in every conversation now, and added that it is only expected to get bigger and more intense as we go ahead. For us, the volume and the vibrancy of activity we are seeing in the AI and data space has grown manyfolds in the last 12 months."He said that this would be like a central unit, a repository of all AI things. The company is hiring specialist AI talent from the market who are proficient and also focusing on training the existing talent within the organization by revamping the training curriculum.The company aspires to grow exponentially in the evolving field of AI and capture the rapidly changing market, due to which it is inevitable to run AI as a focused and more close-to-domain unit, an official said. TCS SPLITS EXISTING AI, CLOUD BUSINESS UNITIN FOCUSThe Adani Group is the front-runner to purchase a share in Diamond Power Infrastructure Ltd., a company situated in Ahmedabad.This is in line with the conglomerate-led by Gautam Adani's plan to increase control over its vendor ecosystem as it increases capital spending in the upcoming years.With expertise in cables, conductors, transmission towers, and power transmission and distribution, Diamond Power Infrastructure Ltd. (DPIL) operates throughout the power infrastructure value chain.Additionally, the business manufactures and installs transmission line towers and their components on a turnkey basis. In 2022, a group consisting of Rakesh Shah and GSEC Ltd purchased DPIL via the National Company Law Tribunal (NCLT).With a market valuation of about Rs.5,000 crore, it is presently listed on the BSE.The promoters of DPIL now own 90 percent of the company, down from 94.88 percent in March 2024.Adani Group is expected to keep the current management if it is successful in acquiring the stake; this is a strategy it has used in the past.This includes PSP Projects Ltd., where Adani retained the current management team while purchasing a 30.07 percent share for Rs.685 crore in 2023.The Adani Group's larger capital investment drive includes the purchase of a share in DPIL.The group intends to raise its capital expenditures for the current fiscal year by as much as 15 percent, from Rs.1.26 trillion in FY25 to Rs.1.4 trillion to 1.45 trillion.Adani Group Chairman Gautam Adani made a new investment promise of Rs.50,000 crore for the region over the next ten years at the just-concluded Rising Northeast Investors Summit. Only three months have passed since the organization promised a comparable sum for Assam. ADANI EYES DPIL STAKE TO TIGHTEN VENDOR CONTROLIN FOCUSSiva declined to share details by numbers as the company does not break up AI revenue in reporting
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