New Delhi, Oct. 10 -- There have been multiple developments this week on the tech front. From LTIMindtree's record deal to TCS' subsidiary for AI data centres, here is a list of the most important updates for a quick catch-up:

TCS launches wholly owned subsidiary for AI data centres

Tata Consultancy Services (TCS), in its quarterly financial report, has announced ambitions to become the "world's largest AI-led technology services company". To that effect, TCS will incorporate a wholly owned subsidiary in India to establish multiple AI and data centres of up to 1GW capacity, to provide infrastructure and technology-enabled services.

For Q2FY26, the Mumbai-headquartered company registered a revenue of Rs.65,799 crore, up 3.7% on a quarterly basis and 7.6% year-on-year basis. The bottom line, however, stood at Rs.12,075 crore, down from Rs 12,760 crore in the preceding quarter. During the result announcement, TCS also reported that it has acquired Delaware-based ListEngage in a deal worth $72.8 million. ListEngage is a full-stack Salesforce partner that specialises in Marketing Cloud, CRM, Data Cloud, Agentforce, and AI advisory services for enterprises.

This week, TCS also launched Experience Zone and Design Studio in London. Additionally, TCS also plans to create 5,000 new jobs across the UK over the next three years.

UST acquires Bengaluru-based firm

US-based digital transformation firm UST has acquired Modus Information Systems to strengthen its position in the financial sector. Headquartered in Bengaluru, Modus is a core banking implementation firm that services major banks in India and the Global South. The financial details of this deal have not been disclosed. UST notes that with Modus in its fold, it will be able to meet the growing demand for digital transformation and scalable banking solutions. Further, it will also enhance UST's banking-as-a-service utility offering BanktrUST, strengthening its global financial services practice. Yotta launches Shakti Studio

Cloud and data centre company Yotta has launched an enterprise-grade AI Cloud Platform called Shakti Studio. It is designed to accelerate AI adoption by eliminating infrastructure complexities.

Shakti Studio provides on-demand Serverless GPUs, Fine-Tuning, and production-ready AI Endpoints for LLMs, vision, and speech, allowing developers, data scientists, and enterprises to rapidly build, deploy, and scale AI models without managing infrastructure.

Shakti Studio is an offering under Yotta's Shakti Cloud, which comprises a self-service portal for beginners and students, while offering SLA-backed reliability and secure, compliance-ready environments for large organisations.

Airtel Business grabs deal from IRSOC

Airtel Business has grabbed a multi-year contract from the Indian Railway Security Operations Centre (IRSOC) to deliver security services for the railway network. Indian railway services operate over 13,000 trains daily, serve more than 20 million commuters, and enable millions of digital transactions each day, while transporting over 1.5 billion tons of freight annually. It involves critical data, including sensitive customer identities, payment details, as well as key operational databases for ticketing, train tracking, freight, and signalling.

Under the deal, Airtel Business will build multi-layer protection to secure the railway's database. Airtel Business will also secure the end-to-end digital operations of the country's railway services, which include 160,000 employees distributed across 26 locations. Netweb, Bud Ecosystem team up to build localised AI infra

Netweb Technologies India has entered into a partnership with Bengaluru-based AI research and product firm Bud Ecosystem on Thursday to co-develop affordable, localised artificial intelligence (AI) infrastructure solutions aimed at accelerating AI adoption across India's public and private sectors. The collaboration combines Netweb's track record in high-performance, scalable, and energy-efficient enterprise computing systems with Bud's AI foundry software stack to deliver ready-to-deploy, modular AI systems tailored for sectors such as education, healthcare, retail, agriculture, and small businesses. LTIMindtree inks record $580 mn deal

LTIMindtree has signed a multi-year strategic deal with a leading global media and entertainment company in what is its largest-ever contract to date, the company said in a statement. While the company did not name the client, Mint has learnt that the Bengaluru-headquartered IT firm has secured the deal from Paramount Global. Reuters first reported the development, citing two sources who pegged the deal size at $580 million. The engagement will focus on driving digital transformation, streamlining operations, and modernising delivery models for the client. As part of the partnership, LTIMindtree will leverage automation, process optimisation, and vendor consolidation to improve operational efficiency and enhance service delivery. HCLTech Joins MIT Media Lab to advance AI research

HCL Technologies (HCLTech) has entered into a strategic collaboration with the Massachusetts Institute of Technology (MIT) Media Lab, aiming to co-develop advanced artificial intelligence (AI) solutions and accelerate innovation across emerging technology domains. As part of the engagement, HCLTech will gain access to the Media Lab's interdisciplinary research network and collaborate with leading faculty, researchers, and technologists. The focus will primarily be on next-generation AI systems, with potential extensions into adjacent fields such as quantum computing and human-computer interaction.

Published by HT Digital Content Services with permission from TechCircle.