HCL Tech share price gained 3% after i invested $150 million in Sarvam AI, India’s largest AI startup, acquiring a 10.46% stake. This strategic partnership aims to bolster HCLTech’s enterprise AI capabilities by developing industry-specific language models and leveraging Sarvam AI’s multilingual and sovereign AI solutions for global clients.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.