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Tata Consultancy Services‘ plan to invest up to $7 billion in a 1 gigawatt data centre unit in India has sparked cautious reactions, with some analysts flagging limited overlaps with its core IT services and potential pressure on returns.
The move, which pushed TCS shares down as much as 1.5% on Friday, marks a strategic shift for India’s largest IT firm, which has traditionally followed a capex-light, organic growth business model.
The recent boom in AI technologies, which require vast amounts of computing data, has led to an unprecedented growth in…
