Week in Review: News from July 20 to 25
Infosys narrows FY2027 growth forecast to 1.5-3% and names Ashiss Kumar Dash as new CEO, succeeding Salil Parekh.
Infosys narrowed its forecast for fiscal year 2027 growth and named a veteran executive as the next chief executive, signaling a cautious but stable path forward for the company. The IT major announced that Ashiss Kumar Dash will succeed Salil Parekh on April 1, 2027, following a planned leadership transition. This appointment came alongside the company’s June-quarter results, where revenue missed Wall Street expectations and the firm reduced its upper guidance range to 1.5-3%. Despite the cautious outlook, Infosys reported strong large deal wins worth $3.6 billion and continued momentum in AI-led transformation engagements. The company noted that enterprise demand for artificial intelligence remains strong even as discretionary technology spending shows uneven patterns.
A fresh wave of capital is flowing into India’s digital infrastructure, with announcements targeting semiconductors, cloud services and artificial intelligence. Paras Semiconductors signed an agreement with the Madhya Pradesh government to build a ₹6,200-crore outsourced semiconductor assembly and test facility on the Ujjain-Indore corridor. The project, backed by 50 acres of allocated land, aims to strengthen India’s domestic chip ecosystem by building advanced packaging capabilities for strategic applications. The investment is expected to generate employment and attract ancillary industries to the region.
Related: AI shines as Indian IT growth slows
Amazon Web Services also announced plans to expand its Hyderabad cloud region with a new data centre. The expansion supports Amazon’s broader $21 billion investment in India’s cloud and AI infrastructure between 2026 and 2030. AWS officials said the new facility is designed to meet rising demand for cloud services and AI workloads while strengthening low-latency digital infrastructure for enterprises. The company highlighted workforce development efforts, including training students in data centre operations, to address the growing need for skilled talent alongside India’s rapid infrastructure build-out.
Major technology providers are rolling out tools that allow companies to build and deploy domain-specific artificial intelligence agents directly within their existing software. Oracle unveiled its AI-First Builder Experience for Fusion Applications, enabling organisations to embed intelligent agents into business workflows using enterprise data, security policies and governance frameworks. The company described the platform as a shift from conventional software as a service toward AI-native enterprise software. This strategy positions Oracle more aggressively against competitors like Microsoft, Salesforce and ServiceNow in the enterprise AI applications market.
Related: CTRL+ALT+PWN earns high marks in review
Tata Consultancy Services and Google Cloud launched a Gemini Experience Center in Kolkata focused on consumer businesses. The facility, TCS’ eighth globally and third in India, will showcase agentic AI use cases and help enterprises accelerate adoption of Google’s models across retail and consumer-facing industries. The launch forms part of a broader strategy to expand industry-specific innovation centres as companies move from AI experimentation to production-scale deployments.
Digital lender Fibe stated that artificial intelligence is becoming central to credit underwriting, fraud detection and customer servicing as it scales its lending platform. Chief Product & Analytics Officer Balakrishnan Narayanan told TechCircle that AI and alternate data are helping improve risk assessment while enabling faster loan decisions and personalised financial products. The company believes the next wave of digital lending will increasingly be defined by AI-led automation and data-driven decision-making as fintech firms prepare for their next phase of growth. Meesho is accelerating investments in AI across engineering, customer experience and seller operations to build a more efficient e-commerce platform capable of supporting millions of users and sellers. The strategy reflects how India’s internet companies are embedding AI across core business functions to improve efficiency, lower operating costs and enhance customer engagement as competition intensifies.
