New Delhi, July 18 -- There have been multiple developments this week on the tech front. From Zoho's proprietary LLM to IT quarterly financial results, here is a list of the most important updates for a quick catch-up:

Wipro, HCLTech Announce Their Quarterly Results

This week, Wipro and HCLTech announced their first-quarter result for FY26.

Wipro reported a muted revenue performance in the first quarter of FY26, as consolidated revenue rose 0.8% on a year-on-year basis to Rs.22,130 crore. Net profit for the quarter, however, came in at Rs.3,330 crore, up 10.9% YoY, while operating margins for the IT services segment stood at 17.3%, 80 basis points higher than the same period last year. In a regulatory filing, the Bengaluru-based company reiterated its focus on Artificial Intelligence (AI) while highlighting a large number of deals secured in recent months.

HCLTech, on the other hand, announced revenue of Rs.30,349 crore, up by 8.2% on a yearly basis. The company's operating margin came at 16.3%, impacted by lower utilization and additional Gen AI investments. In the media round, company management reiterated that clients continue to invest in AI and generative AI, particularly in software and IT development services. Especially, the digital business sees several large deals due to the client AI proposition and platform capabilities supported by HCLTech's offerings, such as AI Force, AI Foundry, and AI Labs.

Bengaluru-Based Firm Raises Funds Under National Quantum Mission

Quantum solutions provider QpiAI became the latest startup to announce funding under the National Quantum Mission (NQM), a Rs.6,000 crore initiative led by the Department of Science and Technology (DST). The Bengaluru-based firm announced on Thursday that it has completed a $32 million Series A funding round led by Avataar Ventures and NQM.

This funding will be utilised to accelerate the delivery of its utility-scale quantum computer and expand globally. To be sure, QpiAI has a full-stack quantum computer with proprietary hardware and software to deliver real-world quantum applications in materials science and drug discovery to several global enterprises.

Zoho Launches Proprietary LLM

SaaS firm Zoho has announced the launch of its proprietary large language model (LLM) Zia LLM. The company said the LLM is trained specifically for business use cases, with a focus on privacy and governance. Embedded across Zoho's offerings, the LLM helps with a range of tasks such as structured data extraction, summarisation, RAG, and code generation.

Today, Zoho launched three models with 1.3 billion, 2.6 billion, and 7 billion parameters, each separately trained and optimised for contextual applicability. The company said that Zoho will scale the model sizes with the first set of parameter increases by the end of 2025.

Tata Electronics and Bosch Partner on Semiconductor Manufacturing

Tata Electronics and Bosch have signed a Memorandum of Understanding (MoU) to work together in the electronics and semiconductor sectors.

The collaboration will focus on semiconductor chip packaging and manufacturing at Tata Electronics' planned facilities in Assam and Gujarat. The Assam unit will handle assembly and testing, while the Gujarat unit will operate as a foundry. The partnership also includes plans to explore opportunities in electronic manufacturing services, specifically in vehicle electronics.

The agreement aims to support Bosch in developing a stable supply chain for its technology products while contributing to the growth of India's semiconductor and electronics manufacturing capabilities.

Hexaware Acquires SMC Squared India Entities

Hexaware Technologies, a global provider of IT solutions and services, on Thursday, announced the acquisition of SMC Squared, a firm that specialises in optimising global workforces for companies. The acquisition is aimed at expanding the company's presence in India's rapidly growing Global Capability Centre (GCC) market. GCCs are offshore units established by multinational corporations to perform a range of strategic functions.

According to an exchange filing, Hexaware said that it has signed two separate share purchase agreements to acquire Tech SMC Square India Private and Tech SMC Squared (GCC) India. The acquisition, valued at up to $120 million (nearly Rs.1,029 crore), will be an all-cash transaction and the deal is expected to close on July 17, 2025.

Airtel-Perplexity Partnership

Bharti Airtel has announced a partnership with Perplexity, an AI-powered search and generative AI platform, offering its over 360 million customers a free one-year subscription to Perplexity Pro, a service otherwise priced at Rs.17,000 annually. This is Perplexity's first telecom tie-up in India. The offer is available across Airtel's mobile, broadband, and DTH user base and can be activated via the Airtel Thanks app.

Through this collaboration, users gain access to Perplexity Pro's enhanced features including unlimited daily Pro searches, multi-model capabilities with GPT-4.1, Claude 3 Sonnet, and Grok, file uploads for analysis, and advanced text-to-image generation. It also includes access to Perplexity Labs, enabling users to ideate, summarize research, generate creative outputs, and create lightweight sheets and apps.

Altimetrik Launches ALTI Lab in India

Altimetrik has launched ALTI Lab, an AI innovation hub in Bengaluru to accelerate for rapid prototyping and enterprise-grade deployment. Built on a lab-to-factory model, the lab focuses on co-creation and applied innovation, offering production-grade AI accelerators like LLM Benchmarking, KIONE, and DomainForge.ai. It is model agnostic and supports OpenAI, Gemini, Llama, and major cloud platforms. It also fosters AI-first workforce readiness through structured upskilling and real-world deployment experience, the company said.

Published by HT Digital Content Services with permission from TechCircle.