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Monday, July 13, 2026 4:52 PM

Artificial Intelligence

TCS Adds Over 9,200 Employees in Q1 FY27 as Hiring Rebounds; Reports 5% Rise in Net Profit

Tata Consultancy Services (TCS) recorded a strong rebound in hiring during the first quarter of FY27, adding more than 9,200 employees and taking its total workforce to 593,798 as of June 2026. The company’s headcount stood at 584,519 at the end of the previous quarter, marking a significant recovery after three consecutive quarters of workforce reductions. TCS had seen its employee count decline from a peak of 613,069 in Q1 FY26 to 582,163 by Q3 FY26, before returning to growth over the last two quarters. The company’s voluntary attrition rate in its IT services business remained stable at 13.6% on a last-twelve-months basis. The company also highlighted continued progress in workforce diversity and employee development. Women now account for 35% of TCS’s global workforce, representing employees from 148 nationalities. During the quarter, employees completed 14.6 million learning hours, acquired 1.3 million new competencies, and more than 3.12 lakh employees enhanced their expertise in artificial intelligence (AI) and machine learning. Chief Financial Officer Samir Seksaria said the company has implemented annual salary hikes, expanded its partner ecosystem, and made strategic investments to strengthen long-term competitiveness. He added that TCS remains focused on building, acquiring, and partnering to expand its AI-driven capabilities while maintaining healthy profitability and returns. Financially, TCS reported a 5% year-on-year increase in consolidated net profit, reaching ₹13,349 crore in Q1 FY27, compared to ₹12,760 crore in the corresponding quarter last year. Revenue from operations grew 14% year-on-year to ₹72,275 crore. The company’s board also approved an interim dividend of ₹12 per equity share for FY27, with July 15 fixed as the record date for eligible shareholders. TCS reported a $9.5 billion order book for the quarter, driven by several major wins, including an $800 million AI-led transformation deal with SKF, a multi-million-dollar strategic partnership with ServiceNow, and another significant contract with a Europe-based Fortune Global 50 company. Source: Economic Times

TCS Adds Over 9,200 Employees in Q1 FY27 as Hiring Rebounds; Reports 5% Rise in Net Profit Read More »

Indian Institute of Technology Bombay Partners with SBI Life Insurance to Launch AI-Driven Cyber Defence Innovation Hub for Insurance Sector

In a major step toward strengthening India’s digital security ecosystem, IIT Bombay has joined hands with SBI Life Insurance to establish the ‘Bharat AI & Cyber Innovation Hub for Insurance’, a dedicated research and innovation centre focused on advancing indigenous artificial intelligence and cybersecurity solutions for the country’s insurance industry. The initiative is designed to develop AI-powered cyber defence systems that are conceptualised, built, and owned within India, aligning with the government’s broader Atmanirbhar Bharat vision of technological self-reliance. With India’s insurance premium market expected to expand at an annual growth rate of 6.9% through 2030, ensuring stronger cyber security infrastructure and safeguarding customer data have become increasingly important priorities. The newly launched innovation hub will drive research and development across key emerging areas including artificial intelligence, cyber security, quantum technologies, and digital insurance ecosystems. Beyond technology development, the partnership will also focus on executive education programmes, talent development, innovation incubation, strategic consulting, and deeper collaboration between academia and industry stakeholders. One of the central goals of the collaboration is to create homegrown cyber defence capabilities, reducing India’s reliance on imported security technologies while enhancing the country’s preparedness against rapidly evolving digital threats in the financial services sector. The initiative will additionally help build a strong pipeline of skilled professionals in AI and cybersecurity, allowing students and researchers to engage directly with real-world industry challenges. According to IIT Bombay, the hub is expected to transform advanced research into deployable solutions while becoming a benchmark model for future partnerships between educational institutions and highly regulated industries, accelerating innovation-led growth in critical sectors. Source: Indian Express  

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IAMAI Appoints JioStar Sports CEO Ishan Chatterjee as New Digital Entertainment Committee Chairman

The Internet and Mobile Association of India (IAMAI) has announced the appointment of Ishan Chatterjee, CEO of JioStar Sports, as the new Chairman of its Digital Entertainment Committee (DEC), succeeding Kiran Mani. Kiran Mani, who recently stepped down from his role as CEO – Digital at JioStar, is preparing to join OpenAI as Managing Director for Asia Pacific. Before stepping down, Mani had been leading IAMAI’s Digital Entertainment Committee and played a key role in shaping discussions around India’s growing digital media ecosystem. Commenting on his appointment, Ishan Chatterjee said India’s digital entertainment sector is entering a period of rapid expansion, driven by the intersection of technology, evolving consumer habits, and creative innovation. He highlighted the importance of stronger collaboration between content platforms, creators, brands, and policymakers to accelerate innovation, build consumer trust, and effectively leverage emerging technologies such as artificial intelligence. He emphasized that consumers remain central to this transformation, continuously influencing how entertainment is created, distributed, and consumed. Chatterjee added that he looks forward to working closely with the industry to drive the next phase of growth and strengthen India’s position as a global leader in digital entertainment. Meanwhile, Deepit Purkayastha, co-founder and CEO of Inshorts, will continue serving as co-chair of the committee. IAMAI stated that its Digital Entertainment Committee plays a critical role in bringing together industry stakeholders to discuss policy, regulatory, and business issues impacting India’s streaming and digital media sector, while also promoting innovation and long-term industry development. Source: Economic Times

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Microsoft CEO Satya Nadella Raises Concerns Over Growing AI Power Concentration

Satya Nadella, Chief Executive Officer of Microsoft, has voiced serious concerns about the increasing concentration of power within the artificial intelligence sector, cautioning against a future where only a few major companies control the rapidly evolving technology. In a recent interview with The Wall Street Journal, Nadella shared his perspective on the future of AI, emphasizing the importance of affordability, accessibility, and giving users greater control over how the technology develops and is deployed. He warned against a scenario where a small group of companies dominates AI development while simultaneously claiming that white-collar jobs could disappear and using those fears to justify massive investments in infrastructure such as large-scale data centres. According to Nadella, society is unlikely to accept a future where the benefits, learning, and deployment of AI remain concentrated in the hands of a select few organizations. Instead, he stressed the need for the industry to build public trust and earn what he referred to as “social permission” to continue advancing the technology responsibly. His comments come amid growing global debate over the direction of the AI race. Although he did not directly mention competitors, Nadella criticized business models where only a handful of firms capture most of the economic value generated by AI while also raising concerns about safety risks, employment disruption, and the enormous computing resources required for development. A key strategic question for Microsoft is whether it should host models from DeepSeek, a Chinese AI company that has recently gained attention worldwide for offering highly cost-effective AI models. Such a decision could intensify competition in the AI market and challenge established industry leaders by driving down costs. Nadella also pushed back against the idea that AI should replace human jobs entirely. Instead, he argued that businesses should focus on redesigning and restructuring work roles so employees can adapt alongside technological progress rather than being displaced permanently. While acknowledging that AI-driven transformation will inevitably bring disruption, he said companies must actively create pathways that help workers adjust to these changes and remain relevant in the evolving workforce. Describing AI as a “knowledge engine,” Nadella said the future should involve organizations leveraging multiple AI models with varying capabilities and price points rather than depending on a single dominant provider. He further emphasized that rebuilding public confidence in AI will require more than promises or carefully crafted narratives. According to Nadella, the technology industry must demonstrate through concrete action that AI development can be both responsible and beneficial for society. The remarks come at a time when competition around AI is accelerating globally, with major technology firms investing billions of dollars into infrastructure, advanced computing systems, and data centres. Microsoft continues to remain one of the leading forces shaping the future of the AI ecosystem through its partnerships and investments across the sector. Source: IANS

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Google DeepMind Invests $75 Million in A24 to Bring AI Innovation to Hollywood Filmmaking

In a major move that signals the growing intersection of artificial intelligence and entertainment, Google DeepMind has announced a $75 million partnership with acclaimed independent film studio A24 Films to develop AI-powered tools designed specifically for the filmmaking industry. The collaboration, described as a “first-of-its-kind” partnership, will allow both companies to work together on building advanced AI technologies aimed at supporting filmmakers throughout the creative process. As part of the deal, Google DeepMind will work closely with A24 and receive direct feedback from leading artists and creators to shape these tools effectively. Demis Hassabis, co-founder and CEO of Google DeepMind, said the company believes the best way to build useful creative technology is by partnering directly with artists from the very beginning. He emphasized that the goal is to create AI features that enhance authentic storytelling while helping creators bring their artistic vision to life. Known for producing critically acclaimed films such as Everything Everywhere All at Once, Marty Supreme, and the recent blockbuster Backrooms, A24 has become one of Hollywood’s most influential studios. The company has also collaborated with top stars including Timothée Chalamet and Anne Hathaway on several major productions. The partnership comes amid ongoing debate in Hollywood over the increasing role of AI in film production. However, A24 is not alone in exploring this technology. Earlier this year, Netflix announced the acquisition of filmmaker Ben Affleck’s AI-focused company InterPositive, while Amazon MGM Studios launched its own AI division last year to develop tools for television and movie production. The deal highlights how major technology companies and entertainment studios are increasingly joining forces to redefine the future of content creation through artificial intelligence. Source: TechCrunch

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Maharashtra Partners with Google to Train 4 Lakh Teachers in AI and Digital Skills

The Maharashtra School Education Department has entered into a strategic partnership with Google for Education to provide artificial intelligence and digital technology training to more than four lakh teachers across the state. The memorandum of understanding (MoU) was signed at Mantralaya in the presence of School Education Minister Dadaji Bhuse. As part of the initiative, selected master trainers will first receive specialised training and will then mentor teachers across schools statewide. The programme will be offered completely free of cost by Google, ensuring no financial burden on the state government. Officials stated that while Google will facilitate training, the Maharashtra government will maintain full oversight of implementation and digital safety protocols for teachers. Minister of State for School Education Pankaj Bhoyar highlighted that the goal is to equip teachers in government and aided schools with globally recognised digital skills. The initiative will focus on improving AI literacy, enhancing digital competencies, and delivering training content in Marathi, Hindi, and English while encouraging the use of AI-powered educational tools for professional development. Source: PTI

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IIT Roorkee Partners with TeamLease EdTech to Launch Executive Programme in AI for E-Commerce and Quick Commerce

Indian Institute of Technology Roorkee has introduced a new executive programme focused on Artificial Intelligence applications in e-commerce and quick commerce, in collaboration with TeamLease EdTech. Designed as a six-month course, the programme is aimed at working professionals looking to strengthen their expertise in rapidly evolving digital commerce sectors. The curriculum is structured to provide learners with in-depth knowledge of AI, machine learning, generative AI, natural language processing (NLP), and data-driven technologies that are transforming modern commerce ecosystems. Key modules include AI fundamentals, customer segmentation, recommendation engines, demand forecasting, inventory management, dynamic pricing strategies, fraud detection, customer analytics, and last-mile delivery optimisation. Participants will also gain practical exposure to industry-relevant tools and technologies such as Python, Power BI, Tableau, Elasticsearch, collaborative filtering models, association rule mining, Retrieval-Augmented Generation (RAG) architectures, LLM-powered chatbots, NLP frameworks, and open-source large language models. The programme will be delivered through live interactive sessions, making it accessible for professionals currently working as well as individuals aspiring to build careers in the e-commerce and quick commerce industry. Learners will work on real-world business challenges through hands-on projects and a capstone assignment focused on areas such as pricing strategies, customer intelligence, forecasting, recommendations, and churn analysis. Upon successful completion, participants will receive a certification from the Continuing Education Centre at IIT Roorkee. Speaking on the launch, Prof. Soumitra Satapathi highlighted that the rapid growth of e-commerce and quick commerce is transforming business operations and customer expectations, making AI a critical component of future-ready business strategies. He noted that the programme has been designed to equip professionals with practical knowledge to apply AI solutions in real-world commerce environments. Source: Indian Express

IIT Roorkee Partners with TeamLease EdTech to Launch Executive Programme in AI for E-Commerce and Quick Commerce Read More »

PM Modi Thanks Slovakia for Backing India-EU Trade Deal, Announces Stronger Bilateral Partnership

Prime Minister Narendra Modi expressed appreciation to Slovak Prime Minister Robert Fico for Slovakia’s support in advancing negotiations on the proposed India-European Union Free Trade Agreement (FTA), emphasizing that its early implementation would create major opportunities for industries, startups, and businesses in both nations. Speaking during a joint press statement in Bratislava, PM Modi said the successful completion of the India-EU FTA would mark an important step forward in economic cooperation between India and Europe while strengthening trade relations specifically between India and Slovakia. Highlighting future collaboration areas, Modi said technology will play a central role in the growing partnership. He pointed to the recently signed Memorandum of Understanding on digital technology, which is expected to boost cooperation in digital public infrastructure and innovation-driven initiatives. The Prime Minister also underscored the strong cultural ties shared by both nations, citing the translation of India’s ancient Upanishads into Slovak as a symbol of deep-rooted cultural connection. He added that the Indian community living in Slovakia continues to make valuable contributions to the country’s economy and social development. Addressing global affairs, Modi stated that both countries maintain close coordination on international matters and share a common belief that global conflicts and tensions must be resolved through peaceful dialogue. On defence ties, he said the sector reflects growing strategic trust between India and Slovakia. A newly signed Letter of Intent in defence cooperation, he noted, will strengthen joint development, manufacturing, and industrial collaboration between the two countries. PM Modi also announced the establishment of an India Chair on Artificial Intelligence at a Slovak university, stressing that the future of AI should be built on innovation while maintaining trust, responsibility, and respect for human dignity. Calling the visit historic, Modi highlighted that this marks the first-ever visit by an Indian Prime Minister to Slovakia. During the visit, both countries agreed to elevate bilateral ties to a Comprehensive Partnership, reflecting shared priorities and a common long-term vision. Speaking alongside Modi, Prime Minister Robert Fico backed India’s bid for permanent membership in the United Nations Security Council, saying India deserves a greater global role. He also welcomed the India-EU free trade negotiations, calling it one of the most ambitious trade agreements under discussion. Fico further expressed interest in expanding defence industry cooperation with India and praised the country’s rapid progress in digital transformation and artificial intelligence, noting that India is advancing faster than many Western nations in these sectors. He also congratulated Narendra Modi on becoming India’s longest-serving Prime Minister. Source: News on AIR

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TCS Expects AI Agents to Match Human Workforce Within Three Years, Says N Chandrasekaran

Tata Consultancy Services (TCS) is poised to witness a major shift in its workforce structure, with Tata Sons Chairman N. Chandrasekaran predicting that the company will have as many AI agents as human employees within the next three years. Addressing shareholders at TCS’ 31st Annual General Meeting, Chandrasekaran said the company is rapidly expanding the deployment of AI agents across internal operations, customer solutions, and business processes as part of its long-term artificial intelligence strategy. He emphasized that AI is becoming a critical growth engine for the company and is transforming the way enterprises operate. According to Chandrasekaran, TCS has recorded strong momentum in its AI business, with AI-related revenues growing at a compound quarterly rate of over 22 percent during the past four quarters. The company’s annualised AI revenue reached USD 2.5 billion in the final quarter of FY26, reflecting increasing demand for AI-driven solutions. Rejecting concerns that artificial intelligence could threaten the IT services industry, he described AI as one of the most significant opportunities for enterprise technology. He highlighted five major growth areas emerging from AI adoption: modernization of legacy systems, AI-powered redesign of business processes, governance and management of AI agents, sovereign AI initiatives, and the rise of physical AI applications in industrial environments. Chandrasekaran noted that TCS has already launched sovereign AI projects in India and Europe, while also deploying AI-powered robotics solutions for global clients. He added that growing enterprise investments in AI are expected to drive technology spending worldwide over the next two years. Despite rapid technological change, TCS continues to maintain strong business performance. The company reported consolidated revenue of Rs 2.67 lakh crore in FY26, marking a 4.6 percent year-on-year increase, while net profit rose 8.8 percent to Rs 52,820 crore. TCS also secured contracts worth more than USD 40.7 billion during the fiscal year. He concluded that in the evolving AI landscape, trust, context, and deep client relationships will remain the most valuable differentiators for technology companies. Source: ANI

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Eros Innovation Launches Cultural AI Platform Across 34 Languages

Eros Innovation has officially unveiled its Cultural AI Platform, introducing what it describes as the world’s first artificial intelligence ecosystem built to understand, preserve, and express culture across languages and digital experiences. Initially showcased at the IndiaAI Impact Summit in February 2026, the platform is now live in 34 global languages. At its core are two proprietary technologies—Eros LCVM (Large Cultural Voice Model) and Eros Persona AI—which together form the foundation of a new category the company calls “Cultural AI.” Unlike traditional AI models that primarily focus on language processing and content generation, the Cultural AI Platform is designed to capture cultural context, emotional expression, identity, and performance nuances. Eros says its LCVM technology can generate performances lasting up to five minutes while maintaining voice consistency, accurate lip-syncing, emotional depth, and cultural authenticity across multiple languages. The platform is powered by a rights-cleared dataset comprising more than 11,000 films and over 100,000 characters. It integrates multilingual voice generation, music creation, storytelling, character performance, and persistent digital identities within a unified AI architecture. Accessible through the Eros Universe Super App, the ecosystem enables creators to build, animate, and engage with culturally intelligent digital personas. The platform consists of five interconnected layers: Eros LCM for cultural intelligence and storytelling, Eros LCVM for voice, music, and performance generation, Eros Persona AI for persistent digital identities, Eros Creator for enterprise and creator tools, and Eros Universe as the consumer-facing distribution platform. The company emphasized that all AI-generated Personas are fictional identities and are not intended to replicate or represent real-world actors, performers, or public figures. Commenting on the launch, Ridhima Lulla, Co-Founder and Co-President of Eros Innovation, said the platform is the result of years of research focused on building AI systems capable of understanding culture rather than merely processing language. Founder and Chairman Kishore Lulla described LCVM as a significant step toward advancing India’s sovereign AI vision, calling it the voice layer that enables cultural intelligence to be experienced across 34 languages. The platform was formally launched by S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY), who highlighted the importance of developing AI technologies that preserve linguistic diversity, cultural heritage, and creative traditions as India strengthens its sovereign AI capabilities. Source: ANI

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