IT Sector

Vancity will provide its members with a scalable and secure digital environment through the use of Intellect's DEP and CBX platforms.

TCS plans to consolidate Xerox's technology services to improve business outcomes, migrate complex legacy data centres to the Azure public cloud.

Lall stated that 60-65% of expenditure this year will be spent on mobile phone capacity growth, ₹180-200 Crore on display modules.

According to sources, Blackstone plans to sell a 10.6% stake in the IT company through block deal, with a base price of ₹2,350 per share.

In a stock exchange filing, the company stated that the alliance aimed to expedite enterprise use of quantum computing products.

There will be a lock-in period of 60 days following the transaction. General Atlantic will retain a 31.23% share in the company following sale.

The promoters stated that they remain confident in the company's strategic and financial position to capitalise on the various opportunities.

Earlier this month, the Bengaluru-headquartered IT giant named Hari Shetty as its new chief strategist and sales excellence officer.

In total, 52 new customers have selected Intellect's Digital stack, including 16 destiny transactions, and 54 global financial institutions are employing Intellect platforms and technologies.

Wipro's Digital Operations and Platforms business will use Kognitos' platform to increase productivity in massive transformation projects.