ETtech

Tata Consultancy Services inks multi-year deal to make Air France-KLM leading data-driven airline The new data architecture will enable the use of data to enhance operations, drive decisions, improve functionality and gain efficiency.

#Starship's sixth test flight to take off on November 18: SpaceX Some of the objectives of the flight include return to the launch site similar to the previous flight, descent over the Indian Ocean and reigniting a ship Raptor engine while in space.

🚨 Simplilearn posts slower growth in #FY24, but cuts loss Simplilearn said it posted a net loss of Rs 107 crore in FY24, 56% lower from the prior year on account of optimising its operations and exiting certain product lines.

💰💰 SaaS-focused agentic AI platform Pulse raises $1.4 million from Endiya Partners, others The funds will be used to bolster the company’s core team, develop the platform further and advance its purpose-built LLMs and AI agentic capabilities.

💰💰 Backpacker hostel chain The Hosteller raises Rs 48 crore in round led by V3 Ventures Founder Pranav Dangi told ET that 90% of the funding will go towards property expansion, with the remaining 10% for customer acquisitions.

IT sector upbeat despite fears over revamp of immigration laws ■ The Trump 2.0 administration may relook at the annual allotment of H-1B work visas from the current quota of 85,000. ■ H1B applications would attract tougher examination as denial rates for H-1B under Trump 1.0 administration were at an all-time high of 24%. ■ The duration and eligibility for Optional Practical Training (OPT) for international students may also come under fresh scrutiny. By Himanshi Lohchab & Beena Parmar Read more at: https://lnkd.in/gQ9bFcWP

SaaS provider Capillary Technologies revives IPO plan Capillary Technologies, backed by the likes of Warbug Pincus, Peak XV Partners and The Evolvence Group, had first filed its draft prospectus with the Securities and Exchange Board of India in December 2021 but then deferred its plan. By Mohit Bhalla & Pranav Mukul Read more at: https://lnkd.in/gYdryNzg

‘India tech talent powering SAP’s foundational AI model for business’ 📌In an exclusive interview with ET, the CEO said that #SAP is building sovereign #AI capabilities in India given its huge exposure to government and critical sectors in the country. 📌He also pointed to the huge AI talent pool here and said several products including SAP’s proprietary large language model are being built in India. By Sameer Ranjan Bakshi & Surabhi Agarwal Read more at: https://lnkd.in/gNjF_yHZ

🚨🚨 Freshworks to #layoff 660 employees amid global restructuring Freshworks expects the restructuring plan to be completed by the end of the fiscal year ending December 31.

Govt weighing dedicated grid, nuclear power for data centres 📌The government is exploring the feasibility of providing dedicated, uninterrupted power to large data centre parks either through direct lines from power producers or by setting up small nuclear plants nearby, officials told ET. 📌The Indian data centre operational capacity is expected to more than double to 2,000-2,100 MW by 2026-27. By Aashish Aryan Read more at: https://lnkd.in/gveK8czz