It's a wrap: News this week (Oct 6-10)

There have been multiple developments this week on the tech front. From Kaynes-UST semicon partnership to LTTS’ $100mn deal, here is a list of the most important updates for a quick catch-up:

LTTS signs $100 mn deal

IT services firm L&T Technology Services has signed a  $100 million multi-year agreement with a US-based industrial equipment manufacturer catering to the semiconductor value chain.

Under this deal, LTTS will support the clients’ initiatives across new product development, sustenance engineering, value engineering, and platform automation, leveraging its expertise in AI, computer vision, and next-gen automation technologies. 

LTTS will also set up a Center of Excellence (CoE) to support the client in accelerating innovation, simplifying platforms, application engineering, and transitioning towards a more digital and AI-enabled future.

Kaynes Semicon, UST ink JV for ₹3,330-cr OSAT facility in Gujarat

UST, a global technology transformation company, has made a strategic investment in Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology India Ltd, in a move that underscores India’s ambitions to emerge as a global semiconductor hub.

The collaboration will see the establishment of a ₹3,300-crore Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. The plant is expected to play a critical role in advancing India’s semiconductor ecosystem, which has traditionally depended on imports for chip packaging and testing.

UST brings to the table its global semiconductor client base, AI-driven process improvements, and digital engineering expertise. These capabilities, company executives said, will help enhance scale, ensure reliability, and reduce operational costs for customers looking to leverage India as a semiconductor assembly and testing hub.

Tata Communications to build digital infra for GST appellate tribunal

Tata Communications, an IT services provider,  has secured a project from the Ministry of Finance to develop and manage digital infrastructure for the Goods and Services Tax Appellate Tribunal (GSTAT). The initiative covers network systems, cloud services, security, and unified management across all GSTAT benches.

The GSTAT has been established as a dedicated body to resolve disputes related to Goods and Services Tax (GST). It will have its principal bench in New Delhi and 31 state-level benches. The tribunal is expected to play a central role in simplifying taxation disputes and providing a structured process for appeals.

As part of the agreement, Tata Communications will deliver a secure and scalable digital platform. The system will include local and wide area networks, software-defined networking, video conferencing facilities, cloud-based tools, and cybersecurity measures. These technologies will support daily operations and communication across all benches.

Sahamati Labs, Google Cloud India partner to launch AI CoE

Sahamati Labs has partnered with Google Cloud India to launch an AI centre of excellence (CoE), dedicated to building solutions across lending, insurance, and wealth management. Sahamati Labs is the innovation arm of industry alliance Sahamati which drives Account Aggregator ecosystem in India. 

The Account Aggregator (AA) framework enables consent-based financial data sharing for over 2.12+ billion accounts. With AI, Sahamati Labs and Google Cloud aim to strengthen trust, expand accessibility, and accelerate innovation in digital finance, ensuring reach from urban centers to the most remote villages.

This collaboration leverages Google Cloud’s generative AI capabilities which enables the development of advanced models for predictive insights, personalized recommendations, and sophisticated fraud detection.

Vi Business, AWS, and C-DOT launch IoT innovation lab

Vi Business, the enterprise arm of telecom operator Vi, has partnered with Amazon Web Services (AWS) and the Centre for Development of Telematics (C-DOT) to set up the Vi Business IoT Innovation Lab in Mumbai. The facility will serve as a hub for developing and testing Internet of Things (IoT) solutions for enterprises across multiple sectors.

The lab is designed to support start-ups, device manufacturers, and enterprises in creating and scaling industry-grade IoT applications. Focus areas include connected vehicles, smart manufacturing, energy optimization, and enterprise automation. Solutions developed here are expected to benefit industries such as banking and financial services, information technology, logistics, healthcare, utilities, retail, governance, and smart cities.