New Delhi, July 24 -- The week saw enterprise technology dominated by Infosys' leadership transition and quarterly earnings, while fresh investments in semiconductors, cloud infrastructure and AI highlighted India's continuing digital momentum. From strategic CXO appointments to major technology announcements across cloud, AI and enterprise software, here are the top stories that shaped the technology landscape this week.
Infosys narrows FY27 growth guidance, names Ashiss Kumar Dash CEO-designate
Infosys announced a planned leadership transition by naming company veteran Ashiss Kumar Dash as Chief Executive Officer-designate, succeeding Salil Parekh from April 1, 2027. The announcement came alongside the IT major's June-quarter results, where revenue missed Street expectations and the company narrowed the upper end of its FY27 revenue growth guidance to 1.5-3%. Despite the cautious outlook, Infosys reported strong large deal wins worth $3.6 billion and continued momentum in AI-led transformation engagements, underscoring enterprise demand for AI even as discretionary technology spending remains uneven.
Paras Semiconductors to invest Rs.6,200 crore in Madhya Pradesh OSAT facility
Paras Semiconductors signed an agreement with the Madhya Pradesh government to establish a Rs.6,200-crore outsourced semiconductor assembly and test (OSAT) facility on the Ujjain-Indore corridor. Backed by 50 acres of allocated land, the project aims to strengthen India's semiconductor manufacturing ecosystem by building advanced packaging capabilities for strategic applications. The investment is expected to generate employment, attract ancillary industries and reinforce Madhya Pradesh's ambition of becoming a semiconductor manufacturing hub as India accelerates efforts to build a domestic chip ecosystem.
AWS expands Hyderabad cloud region with new data centre
Amazon Web Services announced the expansion of its Hyderabad cloud region with a new data centre as part of Amazon's planned $21 billion investment in India's cloud and AI infrastructure between 2026 and 2030. The expansion is aimed at meeting rising demand for cloud services and AI workloads while strengthening low-latency digital infrastructure for enterprises. AWS also highlighted its workforce development efforts, including training students in data centre operations, reflecting the growing need for skilled talent alongside India's rapid cloud infrastructure build-out.
TCS launches Gemini Experience Center in Kolkata
Tata Consultancy Services and Google Cloud launched a Gemini Experience Center in Kolkata focused on consumer businesses, marking TCS' eighth Gemini centre globally and third in India. The facility will showcase agentic AI use cases and help enterprises accelerate adoption of Google's Gemini models across retail and consumer-facing industries. The launch forms part of TCS' broader strategy to expand industry-specific AI innovation centres as enterprises move from AI experimentation to production-scale deployments.
Oracle bets on AI-native enterprise software with Fusion Builder Experience
Oracle unveiled its AI-First Builder Experience for Fusion Applications, enabling enterprises to build and deploy domain-specific AI agents directly within Oracle's business applications. The company said the platform marks a shift from conventional SaaS toward AI-native enterprise software, allowing organisations to embed intelligent agents into business workflows using enterprise data, security policies and governance frameworks. The strategy positions Oracle more aggressively against Microsoft, Salesforce and ServiceNow in the enterprise AI applications market.
Fibe says AI and alternate data will power the next phase of digital lending
Digital lender Fibe said artificial intelligence is becoming central to credit underwriting, fraud detection and customer servicing as the company scales its lending platform. Chief Product & Analytics Officer Balakrishnan Narayanan told TechCircle that AI and alternate data are helping improve risk assessment while enabling faster loan decisions and personalised financial products. The company believes the next wave of digital lending will increasingly be defined by AI-led automation and data-driven decision-making as fintech firms prepare for their next phase of growth.
Meesho sharpens AI strategy to build a more efficient e-commerce platform
E-commerce marketplace Meesho is accelerating investments in artificial intelligence across engineering, customer experience and seller operations as it prepares for its next phase of growth. The company is leveraging AI to improve product discovery, automate internal processes and optimise logistics while building technology platforms capable of supporting millions of users and sellers. The strategy reflects how India's internet companies are increasingly embedding AI across core business functions to improve efficiency, lower operating costs and enhance customer engagement as competition intensifies.
Published by HT Digital Content Services with permission from TechCircle.