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ITC Acquires AI-Focused Tech Company for ₹3,200 Crore; IT Sector Witnesses Consolidation
CNBC-TV18
AI Summary
ITC Limited announced the acquisition of Bengaluru-based AI startup Cognitive Solutions for ₹3,200 crore, marking its largest technology investment. The acquisition will accelerate ITC's digital transformation in FMCG distribution and supply chain management. The deal signals a wave of AI-driven consolidation in India's IT sector. Source: CNBC-TV18.
Generated by Straico · Source: CNBC-TV18