Infosys

Finnable is raising US$56 million after turning profitable, with TVS, Claypond, and other investors already backing the lending firm.

Team8 said the fund will back seed and series A software startups in cybersecurity, software infrastructure and AI, fintech, and digital health.

Infosys won the deal after a year-long process in which it pitched how AI would enhance Oracle’s standard ERP system.

ICICI Direct estimated AI could cut annual legacy services revenue by 2% to 3% for the next few years.

The company said stronger demand in its banking, energy, and communications segments helped lift revenue.

The agreement adds to OpenAI’s enterprise push through IT services partners after a tie-up with HCLTech.

Florida, Texas, and Pennsylvania received notices from Hinduja Global Services, Infosys, and HCL Technologies between January and March.

Optimum Healthcare IT, based in Jacksonville Beach, offers health record advisory and support services.

Shares of Infosys fell to their lowest since June 2023, while TCS and Wipro each declined more than 3%.

India is a key market for Claude.ai, with nearly half of its usage focused on application development and system modernization.