It’s a wrap: News this week (April 6 – 10)

India's technology sector is moving fast, and this week's news makes that clear. Deals are being signed, data centers are going up, and partnerships are being forged, all with AI as the common thread running through every boardroom decision. 

TCS closes FY26 with a $12 billion deal quarter 

TCS ended FY26 on a firm note. The company reported $12 billion in total contract value for Q4, including three mega deals from Marks & Spencer, a leading UK telecom operator, and a major American healthcare and pharmacy chain. For the full year, TCV reached $40.7 billion, and annualized AI revenue crossed $2.3 billion, supported by partnerships with OpenAI, NVIDIA, and Google Gemini.

The concern, however, sits at the leadership level. Over 300 executives, roughly 16% of TCS's top 1,800 leaders, departed in the eight months through March 31, 2026, amid workforce restructuring and compressed variable pay. Senior leaders received less than 10% of variable payouts over the past two years. Overall attrition climbed to 13.7% in Q4, and the company added over 2,000 employees in the March quarter, ending FY26 with a total headcount of 5,84,519. Salary hikes across all grades took effect April 1, adding to cost pressure at a time when margins are already being watched closely.

Equinix opens new Mumbai data center with $95 million investment

Equinix opened its fourth International Business Exchange data center in Mumbai, MB3, with an investment of over $95 million. The facility starts with more than 1,370 cabinets of capacity and is designed to scale to over 5,475 cabinets. It includes liquid cooling to support high-performance and AI workloads.

Located in Chandivali, Powai in central Mumbai, MB3 is a five-story building spread across nearly four acres, adjacent to MB2 and 1.5 km from MB1, forming an interconnected campus linked through dark fiber networks. MB3 is also interconnected with Equinix's newly launched Chennai data center, CN1, giving customers access to a broader digital ecosystem across India.

Equinix has now invested over $365 million in India in total, with its Mumbai and Chennai campuses offering capacity for more than 4,725 cabinets.

Blue Cloud Softech to acquire US-based Global Impx 

Blue Cloud Softech Solutions (BCSSL) announced that its board has approved the acquisition of 100% of Global Impx Inc. (GIX), a US-based energy and digital infrastructure platform, through an all-share transaction. The deal is subject to regulatory, corporate, and shareholder approvals, including a Special Resolution at an Extraordinary General Meeting scheduled for May 4, 2026.

GIX brings a platform that includes distributed energy infrastructure, Energy-as-a-Service models, and AI-driven energy optimization. GIX is valued at approximately ₹372.81 crore based on an independent valuation report. A key asset is approximately 196.7 acres of contiguous land at Chhatrapur, Odisha, near Gopalpur Port and NH-16, earmarked for phased data center development, from 5 MW in Phase I to 100 MW hyperscale capacity in Phase 3.

Infosys and Harness team up to automate enterprise AI software delivery

Infosys and Harness announced a collaboration to accelerate AI-led software delivery for enterprises globally. The partnership combines Infosys Topaz Fabric and Infosys Cobalt with the Harness Software Delivery Platform, targeting improvements in productivity, AI governance, and time-to-market.

The problem both companies are trying to solve is well-defined. Harness calls it the "AI Velocity Paradox." AI speeds up code generation, but downstream processes like testing, security, compliance, and deployment struggle to keep pace, creating new risk and complexity. The integrated offering targets large-scale modernization in complex, regulated environments, making it most relevant for banks, insurers, telecom firms, and manufacturers that need faster software changes without weakening controls.