New Delhi, July 3 -- From billion-dollar AI deals and biometric payments to sovereign cloud infrastructure and enterprise AI platforms, the past week saw technology companies double down on AI-led transformation. Here are five developments that shaped India's enterprise technology landscape.
HCLTech bags $1.14 billion AI workplace transformation deal
HCLTech secured one of the largest contracts in its history, signing a $1.14 billion strategic engagement with a Europe-based Fortune Global 50 enterprise, widely reported to be Mercedes-Benz. The multi-year deal covers AI-powered digital workplace services, enterprise networking and infrastructure transformation, reinforcing HCLTech's position in large-scale managed services and AI-led enterprise modernisation.
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Visa launches biometric passkeys for online payments
Visa introduced Visa Payment Passkeys in India, enabling cardholders to authenticate online transactions using biometrics instead of SMS-based one-time passwords. Built on global FIDO standards, the technology aims to improve checkout success rates, reduce phishing attacks and prepare India's digital payments ecosystem for AI-driven commerce and passwordless authentication.
Bhavin Turakhia commits $30 million to AI-native platform Neo
Technology entrepreneur Bhavin Turakhia announced a $30 million investment in Neo, an AI-first productivity platform designed to transform enterprise collaboration and workplace communication. The investment underscores growing confidence in AI-native software that can replace legacy productivity tools and help enterprises automate workflows through intelligent assistants.
ToneTag launches eKosha voice AI assistant for merchants
Deep-tech fintech company ToneTag unveiled eKosha, a voice-enabled AI business assistant that enables banks to engage MSME merchants through conversational banking services. The platform is designed to reduce servicing costs, improve merchant retention and support cross-selling, highlighting the increasing role of voice AI in India's banking and financial services sector.
ESDS unveils Swaraj Cloud for sovereign AI workloads
Cloud infrastructure provider ESDS Software Solution launched Swaraj Cloud, a sovereign AI cloud platform built entirely on Indian infrastructure. Designed to address data sovereignty, compliance and AI computing requirements, the platform targets government agencies and enterprises seeking secure, locally hosted cloud infrastructure for next-generation AI applications.
Published by HT Digital Content Services with permission from TechCircle.