4990: TCS profit hit by labour law costs, HCL Tech profit dips even as revenue rises; Sarvam, others eye launch of sovereign models in AI summit; and AI companies race into Indian cricket sponsorships

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4990: TCS profit hit by labour law costs, HCL Tech profit dips even as revenue rises; Sarvam, others eye launch of sovereign models in AI summit; and AI companies race into Indian cricket sponsorships

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In today’s Tech3 from Moneycontrol, we break down Q3 earnings from TCS and HCL Technologies, including the impact of one-time costs, AI revenue growth, and workforce changes. We also discuss Sarvam’s progress on its foundational AI model ahead of the India AI Impact Summit and what it means for India’s AI mission. The episode also looks at how AI companies like ChatGPT and Gemini are entering Indian cricket sponsorships, and wraps up with an update on Amagi’s IPO strategy and financial turnaround.

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