It's a wrap: News this week (Nov 15-21)

There have been multiple developments this week on the tech front. From TCS’ $1bn investment to Newgen’s new deal, here is a list of the most important updates for a quick catch-up:

TCS and TPG partner for a $1 bn AI data center investment

TCS has announced a partnership with global investment firm TPG, which will invest up to USD 1 billion to support the expansion of TCS’ AI-focused data center business, HyperVault. The partnership is aimed at accelerating the development of large-scale AI-ready data centers in India as demand for computing capacity increases across sectors.

Funding for HyperVault will come through equity contributions from both TCS and TPG, along with debt financing. The partners plan to commit up to ₹18,000 crore over the next few years. TPG’s share will be up to ₹8,820 crore, giving it an expected ownership stake between 27.5% and 49%. TCS says the partnership will help reduce its capital outflow while supporting long-term growth of the data center platform.

Newgen grabs £1.5 mn deal from UK firm

Newgen Software Technologies (UK), a wholly owned subsidiary of digital transformation firm Newgen Software, has bagged a master services agreement with a UK-based customer. The deal is valued at about £1.5 million. Newgen will be delivering AWS managed cloud services and implementation services.

Under the three-year contract, Newgen will provide its “Contract Management platform across the Enterprise, helping users create and manage Policy Documents”, the company said in an exchange filing on Tuesday.

In the quarter ending September 30, Newgen announced a significant growth in revenue and profit. It registered a revenue of ₹401 crore, up by 11% from the previous quarter. Profit after tax (PAT) grew by 16% year-on-year to  ₹82 crore.

Deepwatch opens GCC in Bengaluru

Cybersecurity firm Deepwatch has opened a new office in Bengaluru. This facility will serve as a key engineering and technology hub as the company scales its research and development capabilities. 

With this new global capability centre, Deepwatch aims to tap into the country’s pool of software, Agentic AI, and cybersecurity engineering talent. The Bengaluru GCC is designed to accelerate platform innovation and development velocity while maintaining the delivery models and support structures, the company said in a statement.

The GCC supports around-the-clock development cycles and cross-regional collaboration, enabling faster product enhancements. The new facility will serve as a regional hub for Deepwatch's India operations with plans to aggressively grow its Bengaluru-based team over the next year through hiring across engineering, cloud operations, and product functions.

Azimuth AI and Cyient Semiconductors launch custom chip for energy, utilities sector

Cyient Semiconductors has partnered with embedded silicon company Azimuth AI to launch an intelligent-power platform-on-a-chip called ARKA GKT-1. It is designed for high-efficiency edge AI and smart energy applications.

ARKA GKT-1 integrates multi-core custom computing, advanced analog sensing, memory, and intelligent power management into a single system on chip (SoC). Designed for smart utilities, advanced metering, battery management, smart cities, and industrial automation, it brings real-time intelligence to the edge while maintaining low power consumption.  

This first-generation platform is built on Azimuth AI’s Software-Defined Silicon architecture, combined with Cyient Semiconductors’ mixed-signal, power, and low-energy ASIC expertise. 

Kyndryl renews 3-year partnership with Vodafone Idea

Vodafone Idea Limited (VIL), India’s third-largest telecom operator, has renewed its partnership with IT major Kyndryl for three years. The collaboration is aimed at overhauling the telecom operator’s IT operations, automation capabilities and cybersecurity posture.

As part of the expanded scope, Kyndryl will build a unified cyber resilience framework covering security governance, identity and access management, data protection, zero-touch services, incident response and recovery. The company will also redesign Vi’s cybersecurity architecture to meet evolving compliance needs and strengthen its ability to detect and respond to threats. By reducing manual interventions and improving threat visibility, the move is expected to accelerate Vi’s recovery from disruptions and safeguard critical business data.

Anant Raj to enter Andhra Pradesh with ₹4500 cr data centre

Real estate and data centre developer Anant Raj Limited is set to foray into Andhra Pradesh as it accelerates its expansion of digital infrastructure to tap rising demand for hyperscale, AI, and colocation capacity across India.

Anant Raj Cloud Private Limited (ARCPL), the company’s wholly owned subsidiary, has signed an MoU with the Andhra Pradesh Economic Development Board (APEDB) to develop new data centre facilities and an IT park in the state. 

Under the pact, ARCPL will invest around ₹4,500 crore, to be executed in two phases, for building advanced data centre infrastructure and cloud services. The project is expected to generate 8,500 direct and 7,500 indirect jobs, while strengthening the state’s emerging digital ecosystem. APEDB will offer facilitation support and coordinate with government departments for speedy execution.