It’s a wrap: News this week (April 5 - April 11)

There have been multiple developments this week on the tech front. From new acquisition deal to TCS’ $30bn annual revenue, here is a list of the most important updates for a quick catch-up:

Aurionpro acquires Fintra Software

IT services company Aurionpro Solutions Limited has announced the acquisition of Hyderabad-based Fintra Software Private Limited, a move aimed at enhancing its transaction banking offerings, particularly in trade finance.

As part of the agreement, Aurionpro will acquire a full 100% stake in Fintra, including its intellectual property and existing resources. The acquisition is expected to expand Aurionpro’s product capabilities by integrating Fintra’s back-end trade finance technology with its existing platform.

Fintra has already been working alongside Aurionpro, with its back-end systems currently integrated into Aurionpro’s trade platform. This solution is in use by several banks across India, Southeast Asia, and the Middle East.

TCS crosses $30bn in annual revenue

IT services firm Tata Consultancy Services on Thursday posted lower-than-expected revenue during Q4FY25 amid persistent weakness in the U.S. market. However, it witnessed a jump in its Q4 revenue on a year-on-year (YoY) basis to ₹64,479 crore as against ₹61,237 crore posted in the same period last fiscal. The company further noted that it was now seeing “increasing traction in AI adoption” with IOT/DE, enterprise solutions and AI.Cloud leading the growth among service lines.

“We are pleased to cross the $30 Billion in annual revenues and achieve a strong order book for the second consecutive quarter. Our expertise in AI and Digital Innovation, coupled with the unmatched knowledge of customer context and global scale makes us the pillar of support for our customers in this environment of macroeconomic uncertainty,” said CEO and MD K Krithivasan.

HPE launches private cloud in India

Hewlett Packard Enterprise (HPE) has launched HPE Private Cloud in India. It is a fully integrated Artificial Intelligence (AI) cloud solution that aims to enable enterprises of all sizes to develop and deploy generative AI applications and AI agents. This turnkey solution is part of the Nvidia AI Computing by HPE portfolio, a suite of co-developed AI solutions.

HPE Private Cloud AI integrates Nvidia AI computing, networking, and software with HPE’s AI storage, compute, and the HPE GreenLake cloud. It is an end-to-end AI software platform that simplifies the deployment, monitoring, and optimisation of AI workloads.

Infosys-AIB partnership

IT services firm Infosys has announced the extension of its partnership with financial services group AIB. Building on its existing 10-year relationship, Infosys will take on an expanded role to accelerate AIB’s transformation initiatives.

Infosys will help further develop AIB’s application landscape and deliver application development and maintenance services through AI-powered tooling. This is expected to increase AIB’s operational efficiency and enhance processes that expedite innovation. 

HCLTech partners with Google for Agentic AI solution

IT services firm HCLTech has launched a suite of Agentic AI solutions in collaboration with Google Cloud to help enterprises unlock efficiency and derive enhanced business value from their digital and technology landscapes.

By leveraging Google Agentspace and agentic framework, HCLTech has created a unified platform where agents with the ability to reason, act and adapt can seamlessly interact with data and applications.

Meta launches Llama 4

Last Saturday, Meta launched LLaMA 4, short for Large Language Model Meta AI 4, its latest generation of open-source AI models. Building on the LlaMA 2 and 3, this version offers significant improvements in reasoning, multilingual capabilities, and efficiency. It's designed to rival closed-source models like OpenAI’s GPT-4 and Google’s Gemini, while remaining accessible to researchers and developers. LlaMA 4 supports a wide range of applications—from chatbots to code generation—and is part of Meta's broader strategy to democratize advanced AI tools.

This launch closely follows OpenAI’s introduction of the GPT-4.5 model in February, close to two years after the launch of its predecessor GPT-4. OpenAI says that it is its largest and best model for chat yet, and presents a step forward in scaling up pre-training and post-training. It is reportedly more ‘human’ in its responses and is also expected to hallucinate less.