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TCS Unveils $6.5 Billion AI Plan and New Subsidiary After Q2 Results
TCS's $6.
TCS announced a $6.5 billion AI strategy to form a new subsidiary and a 1-Gigawatt AI data center in India. This follows Q2 results with subdued revenue and a net profit affected by one-time costs. The mega AI plan and returning FII inflows are expected to counter the soft quarter and drive a positive opening for Indian IT stocks on Friday.