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News on Medial
TCS launches SovereignSecure Cloud for government, public sector enterprises
YourStory
·
3m ago
Medial
TCS announced the launch of the TCS SovereignSecure Cloud, an indigenous and secure cloud solution for government and public sector enterprises in India, aiming to enhance data sovereignty and AI capabilities. Alongside this, the company introduced the TCS DigiBOLT platform and its Cyber Defense Suite to support digital innovation and cyber resilience in India. These offerings underline TCS's commitment to supporting India's digital growth through solutions tailored to the country's unique needs.
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TCS partners with Google Cloud to launch AI-powered cybersecurity solutions
IndianStartupNews
·
11m ago
Medial
TCS has expanded its partnership with Google Cloud to provide two cybersecurity solutions. The TCS Managed Detection and Response (MDR) solution, powered by Google's Security Operations platform, aims to reduce the time required to identify and respond to threats. The TCS Secure Cloud Foundation leverages Google Cloud's security solutions to strengthen cloud security posture and governance. TCS and Google Cloud will also leverage Google Cloud's AI-powered security portfolio, focusing on threat intelligence, security operations, and cloud security. The partnership aims to help enterprises enhance cyber resilience and adhere to regulatory compliance.
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Amazon Web Services to provide cloud computing services to public sector banks
Economic Times
·
10m ago
Medial
Amazon Web Services (AWS) India has been chosen to provide cloud computing services to the Public Sector Bank Alliance (PSBA) in India. PSBA is a collaboration of 12 public sector banks and serves as a nodal body for their technology-enabled banking services. AWS will offer its comprehensive cloud services through PSBA's Community Cloud Services, simplifying the procurement process for public sector banks. AWS has also been adopted by the National Health Authority (NHA) and Government e-Marketplace (GeM) in India for scaling digital operations. These partnerships showcase India's commitment to becoming a digital nation.
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Linux Foundation launches LF India to boost open source software collaboration and innovation | Mint
Livemint
·
8m ago
Medial
The Linux Foundation has announced the launch of LF India, an initiative aimed at fostering open collaboration among Indian open-source developers, enterprises, government organisations, and the community. LF India will focus on projects such as cloud-native, telecommunications, Edge/IoT, blockchain, security, and domain-specific AI technologies. The Linux Foundation aims to accelerate support for open-source software projects across startups, enterprises, and government organisations, and will invest in the growing developer community in India through training and local events. India's developer community is expected to be the world's largest by 2028.
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'Potential multibagger gains from our PSU shares...': Expert on DIPAM's latest plan for PSU stocks
Business Today
·
4m ago
Medial
In fiscal year 2025, Central Public Sector Enterprises (CPSEs) achieved a record dividend payout of Rs 1.5 trillion, resulting in Rs 74,016 crore in dividends for the government. The Department of Investment and Public Asset Management (DIPAM) is focusing on integrating public sector undertaking (PSU) stocks into mutual fund portfolios. Under the leadership of Arunish Chawla, DIPAM aims for a unified strategy based on data, balancing between dividend payouts, asset values, and market performance.
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Sub-prime lending by PSBs rises on the back of govt guarantees
Economic Times
·
26d ago
Medial
Public sector banks in India have increased lending to micro, medium, and small enterprises (MSMEs) with government-backed guarantees, despite a general trend towards lending to higher-quality borrowers. The proportion of subprime borrowers in public sector banks' MSME portfolios decreased from 33.5% in June 2022 to 23.3% in March 2025. Government schemes such as the Credit Guarantee Fund for Micro Units and the Emergency Credit Line Guarantee Scheme support this lending, which has led to improved asset quality in MSME portfolios.
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Meity secretary calls for greater collaboration among govt, industry, academia - The Economic Times
Economic Times
·
1m ago
Medial
Meity Secretary S. Krishnan emphasized the necessity for collaboration between government, industry, and academia to advance India’s technology sector. Highlighting China's DeepSeek AI model, he advocated partnerships like the TCS and C-DAC's sovereign cloud initiative and joint research on 2D materials. Speaking at TecVerse, he underscored leveraging existing models for innovation rather than greenfield research, and noted initiatives utilizing Meity-funded R&D resources across various governmental sectors to boost technological evolution.
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Fuelling Growth: PSU banks told to boost credit to crucial sectors
Economic Times
·
1m ago
Medial
The Indian government has encouraged public sector banks to increase credit to critical sectors, such as micro and small enterprises (MSMEs). Banks will identify high-employment MSME clusters and promote lending through specific Mudra financing products. Loan events for retail customers are also planned. The Reserve Bank of India's rate cut is expected to boost private sector expenditure. Additionally, performance reviews and credit schemes aim to enhance credit access for MSMEs and the rural population.
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TCS Reshapes AI & Cloud Division for Growth Surge; Krishna Mohan to Wheel Cloud Operations
StartupTalky
·
2m ago
Medial
Tata Consultancy Services (TCS) has reorganized its AI and Cloud division into two separate business units to enhance growth in the AI cloud industry. Krishna Mohan will lead the cloud operations, while Satish Byravan and Ashok Krish will head data and AI globally. The division aims to leverage generative AI and cloud computing for increased business value. TCS is focusing on hiring AI specialists and retraining existing staff to exploit untapped AI and cloud market potentials.
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Public sector banks eye fintech tie-ups for MSME loans
Economic Times
·
5m ago
Medial
Large public sector banks are partnering with fintech startups to boost lending to micro, small, and medium enterprises (MSMEs), following government efforts to accelerate credit flow to this sector. The partnerships aim to overcome traditional lending challenges and leverage fintechs' digital capabilities for more efficient loan management. These co-lending arrangements involve banks taking 80% of a loan, while fintechs, sourcing and underwriting the customer, take the remaining 20%. The focus is on supply chain finance and trade financing.
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Microsoft-Nayara Energy Case Exposes India Inc’s Cloud Risk
Inc42
·
2d ago
Medial
Microsoft's suspension of cloud services to Nayara Energy highlights India's vulnerability to potential disruptions from major tech companies withdrawing due to policy changes or geopolitical tensions. This incident underscores the necessity for India to develop homegrown cloud solutions and sovereign cloud infrastructure. Currently, cloud services in India surpass $27 billion, with Microsoft and AWS as dominant players. The event serves as a warning for Indian enterprises and the government to mitigate such risks.
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