Tata, tesla, Microsoft, Apple, Adani, infosys, Godrej, etc.

Market Briefs

Main Briefs

Indian IT Giants Exceed GenAI Training Targets, Prepping Over 775K Employees

• Extensive Training in GenAI: Over 775,000 employees trained across TCS, Infosys, and Wipro.

• Surpassing Expectations: Training figures exceeded Nasscom's early 2023 projection by over 125,000.

• Leading Contributors:

  • TCS trained 300,000 employees.

  • Infosys trained 250,000 employees.

  • Wipro trained over 225,000 employees.

• Future Plans: HCLTech aims to train 50,000 employees in GenAI skills by FY25.

• Industry Impact: GenAI skills becoming crucial for client engagements and deal sizes, with significant contract values reported by TCS and Accenture in GenAI-related deals.

From Bengaluru to the World: Tata Electronics Ships First Semiconductor Chips

Export Initiation: Tata Electronics has started exporting semiconductor chips packaged at its Bengaluru R&D center.

Global Partnerships: The chips are being sent to Tata's partners in Japan, the US, and Europe.

Future Facilities: Tata is setting up a chip packaging unit in Assam and a $10 billion chip foundry in Gujarat.

Product Stage: The chips are currently in the pilot stage and are used for general purposes, not specific products.

Strategic Partnership: Tata Electronics reportedly signed a deal with Tesla to supply chips.

Production Timeline: Commercial production of the chips is expected to start in 2027.

End-to-End Capability: Tata is working on developing a full spectrum of semiconductor design and manufacturing services.

Briefs, You Can’t Miss:

1. Paytm Shares Decline 4% as COO Bhavesh Gupta Steps Down.

2. Mindgrove Unveils India’s First Commercial MCU Chip.

3. Godrej Consumer Reports Major Q4 Loss, Still Declares Dividend.

4. India’s BSNL to Introduce 4G Services in August, Emphasizes Domestic Technology.

5. Zee Media Ends CEO Abhay Ojha’s Tenure After a Year.

6. Indian Airlines Poised for 50% Share in Global Traffic by FY28: CRISIL.

7. Adani's $600 Million Financing Talks for Gas Project.

World Briefs

• Indian Workforce Key to U.S. Tech Industry’s Survival: SVC CEO.

• Job Cuts Hit Tesla's Software and Service Departments, Electrek Details.

AI Briefs

• Apple's In-House AI Chip Under Development for Data Centers.

• Microsoft Preps AI Model to Challenge Google, OpenAI: Report.

Company Of The Day

Company Name:

Founder: Jamsetji Tata

Year Of Foundation: 1868

Headquarter: Mumbai, India

Industry: Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2014-15, the revenue of Tata companies, taken together, was $108.78 billion. These companies collectively employ over 600,000 people.

Why Is It in the News?

Tata releases its first semiconductor chip today.