It’s a wrap: News this week (Jan 11– Jan 17)

There have been multiple developments this week on the tech front. From IT services companies’ quarterly results to new deals, here is a list of the most important updates for a quick catch-up:

Takeda launches innovation center

Japanese biopharmaceutical company Takeda inaugurated its first innovation center in India on Wednesday. Located in Bengaluru, this innovation capability center (ICC) will have Takeda’s employees building digital solutions as part of the company’s global digital transformation, including insourcing capabilities. The company plans to hire 750 people for the center by the end of the year.

The Bengaluru center is one of the three Takeda’s ICCs globally, other two are located in Slovakia and Mexico. With the Bengaluru ICC, Takeda wants to tap into access to talent, especially in software engineering, data analytics, and Artificial Intelligence (AI). 

Third quarter earning results

This week, Infosys, Wipro, and Tech Mahindra announced their quarterly results for Q3FY25.

Infosys reported a profit of ₹6,806 crore, an 11.4% increase year-on-year. Revenue rose 7.6% to ₹41,764 crore. The company attributed this growth to large-scale digital transformation projects and strong AI/GenAI-led partnerships for the period ended December 31, 2024.

Tech Mahindra reported a revenue growth of 1.4% year-on-year (YoY) to ₹13,286 crore but a dip of 0.2% compared to the previous quarter. The company, however, said that it will continue to focus on next-generation technologies, including artificial intelligence/GenAI, 5G, blockchain, and cybersecurity, to drive digital transformation for global clients.

Lastly, IT services firm Wipro announced its third quarter results for FY25 today, reporting a gross revenue of ₹223.2 billion. It is up by 0.1% sequentially and 0.5% on a yearly basis. Net profit for this period grew by 4.5% quarter on quarter (QoQ) to ₹33.5 billion. The total deal bookings stood at $3.5 billion. Wipro closed 17 large deals with a total value of $1 billion. The company spokesperson said the momentum across the deals remains strong. 

Infosys-Tennis Australia partnership

Indian IT major Infosys, in partnership with Tennis Australia, the official sponsor of the Australian Open on Wednesday introduced its latest suite of Generative AI-driven features for the Australian Open 2025. 

Infosys has served as the tournament's digital innovation partner for the last seven years, enhancing the tennis experience with AI and other digital technologies. Currently, using GenAI technologies through Infosys Topaz, the company's AI-first suite, the initiative seeks to boost fan engagement, optimise player performance, and streamline digital content creation.

One Point One Solutions announces new acquisition

Mumbai-based IT services firm One Point One Solutions Limited (OPO) has announced a move to expand its global footprint by signing a term sheet to acquire a US-based healthcare company specialising in Revenue Cycle Management (RCM) for $45 million, including earnouts.  

The combined entity plans to leverage advanced technologies such as AI and machine learning (ML) to drive efficiency and innovation in service delivery. This acquisition is a key component of OPO’s plans to enhance its global delivery model and deliver value across sectors including healthcare, finance, and telecommunications.

Qualcomm-MapMyIndia partnership

Qualcomm Technologies and MapmyIndia have announced a collaboration for automotive connectivity solutions. The partnership, unveiled on Friday, aims to develop advanced technologies for domestic and global automotive markets, spanning two- and four-wheeler segments. 

The collaboration will leverage Qualcomm Technologies' Snapdragon Digital Chassis solutions and MapmyIndia's industry expertise to deliver advanced telematics and connected services. This will enable automakers to integrate high-quality, cost-effective connectivity solutions into their vehicles, catering especially to mid- and low-tier markets.