Latest news with #QuantumSystemTwo
News18
05-05-2025
- Business
- News18
Stocks To Watch: SBI, Gensol, Adani Ent, TCS, Swiggy, DMart, Coforge, And Others
Last Updated: Stocks to watch: Shares of firms like SBI, Gensol, Adani Ent, TCS, Swiggy, DMart, Coforge, and others will be in focus on Monday's trade Stocks to Watch on May 5: Domestic equity markets remained volatile on Friday, with sharp swings in the first half before settling flat. As trading resumes on Monday, several stocks will be in focus due to major earnings announcements and corporate updates. Key Q4FY25 Earnings Scheduled Today A number of companies will release their fourth-quarter financial results, including Mahindra & Mahindra, Coforge, Indian Hotels Company, Bombay Dyeing & Manufacturing, CCL Products, Computer Age Management Services (CAMS), Capri Global Capital, Ethos, Cigniti Technologies, Jammu & Kashmir Bank, Unicommerce Esolutions, Nureca, and Zee Media Corporation. State Bank of India (SBI) India's largest lender, SBI, reported a 10% year-on-year (YoY) decline in net profit, which stood at Rs 18,643 crore for Q4FY25, compared to a record Rs 20,698 crore in the previous year. The bank's net interest income (NII) grew by 2.7% YoY to Rs 42,775 crore, reflecting margin pressures. Adani Enterprises Adani Enterprises announced a capital expenditure plan of Rs 36,000 crore for FY26, marking a reduction from earlier projections. This follows a trend of downward revisions over the past two years. The company initially planned to spend Rs 3.92 lakh crore over five years starting FY25, with an average annual outlay of Rs 80,000 crore. Tata Consultancy Services (TCS) TCS and IBM are collaborating to advance India's quantum computing ecosystem. Under the Andhra Pradesh government's Quantum Valley Tech Park project in Amaravati, IBM's Quantum System Two will be installed, featuring a 156-qubit Heron quantum processor, making it the largest quantum computer in India. Swiggy Food delivery giant Swiggy announced that Bolt, its 15-minute food delivery service, is now operational in over 500 cities. Launched in October 2024, Bolt now accounts for 10% of all food orders on the platform, up from 9% in the previous quarter. Kotak Mahindra Bank Kotak Mahindra Bank reported a 14% YoY decline in net profit to Rs 3,551.7 crore for Q4FY25, while NII grew by 4.5% to Rs 7,283.6 crore. Total income rose 6.8% YoY, but higher operating expenses led to a 14.4% YoY increase in total expenditure. The bank's net interest margin (NIM) stood at 4.96% for FY25. Avenue Supermarts (DMart) Avenue Supermarts, the parent company of DMart, reported a 2% decline in consolidated net profit at Rs 551 crore. Comparable store sales for two-year-old and older stores grew 8.1% YoY in Q4FY25, lower than the 10.3% growth recorded in Q4FY24. IRCON International Infrastructure PSU IRCON International secured a Rs 458.14 crore contract from the North Eastern Electric Power Corporation (NEEPCO). The contract, part of the Tato-I Hydro Electric Project in Arunachal Pradesh, covers civil works under Package I on an item-rate basis. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: May 05, 2025, 08:14 IST
India Today
04-05-2025
- Business
- India Today
India's first Quantum Valley tech park to launch in Amaravati by January 2026
In a first, Amaravati will host India's inaugural Quantum Valley Tech Park, which is set to open doors on January 1, 2026. This was disclosed by the Andhra Pradesh CM, N. Chandrababu Naidu during his address at the MoU Signing Ceremony with IBM, Tata Consultancy Services (TCS), and Larsen & Toubro (L&T). The event took place in his private residence located in most powerful quantum computing system in the country, the 156-qubit Quantum System Two, will be installed at the Tech Park by IBM. The initiative will strengthen India's National Quantum Mission to make the country a frontrunner in the domain of quantum technologies in the next two DIVISIONS AND EXTERNAL PARTNERSHIPSThrough advanced collaboration and development with IBM, TCS is expected to bolster India's quantum ecosystem. Alongside, TCS has announced they will team up with IBM to create quantum algorithms and their practical execution for life science, energy economization, materials science, environmentally friendly manufacturing, cryptology and other supply chain fortification fields. Immediately, L\&T was assigned the construction of the main block and the auxiliary infrastructure of the tech park. In order to expedite the work, the state government intends to set up two committees: one for infrastructure development and the second for ecosystem development. Furthermore, plans are being made to hire world-class professionals to implement quantum public service optimization GST, real-time census modeling, and develop the first quantum governance framework for India.A QUANTUM-ENABLED FUTURE FOCUS VISIONadvertisementThe Chief Minister envisions the Quantum Valley Tech Park as a concept and an infrastructure that combines academia and startups with international talent, following the Sanchez International School model in the Silicon Valley region. He pointed out the need for in-depth analytics coupled with empathy-driven policies, saying how analysing 1.7 crore families under the P4 initiative could make them served with TCS would expectations of the Quantum Valley Tech Park are that it will serve as a potential launchpad for the creation of high-end employment opportunities, global investment, as well as talent development within the burgeoning Indian quantum Government of Andhra Pradesh plans to establish an advanced ecosystem that comprises research, quantum computer accessibility, industry applications, and to significantly increase the flow of global investment, create better jobs, and improve access to top-level talent.
Hans India
03-05-2025
- Business
- Hans India
Govt joins hands with IBM, TCS & L&T for Quantum Valley in AP
Amaravati: In a historic step toward India's technological future, Chief Minister N Chandrababu Naidu on Friday announced that the State's pioneering Quantum Valley will be dedicated to the nation on January 1, 2026. The announcement was made at a landmark event held at the Chief Minister's residence in Undavalli, where the State Government signed Memorandum of Understandings (MoUs) with IBM, Tata Consultancy Services (TCS), and Larsen & Toubro (L&T). These partnerships aim at establishing India's most advanced and first-of-its-kind Quantum Valley Tech Park in Amaravati, anchored by IBM's cutting-edge 156-qubit Quantum System Two — the largest quantum computing system to be installed in the country. In his remarks, Naidu recounted his early initiatives like computerising seven lakh government records, launching AP Online, and now advancing to 'WhatsApp Governance'. The Chief Minister highlighted the importance of involving the Government of India and announced that he would soon brief Prime Minister Narendra Modi, who has shown great enthusiasm for the project. 'Among all politicians, Modi and I speak about tech,' he said. Jay Gambetta, Vice-President of IBM Quantum, through a release expressed enthusiasm about deploying IBM's Quantum System Two in Amaravati. Dr Harrick Vin, CTO of Tata Consultancy Services, outlined TCS's hybrid computing strategy that integrates quantum with classical systems like CPUs and GPUs. V Rajanna and CV Sridhar of TCS underscored their company's commitment to public innovation. Scott Crowder, IBM's V-P for Quantum Adoption, described the global significance of this partnership. Katamaneni Bhaskar, Secretary of IT & RTGS, described the signing of MoUs with IBM, TCS and L&T as the beginning of a great transition—'from traditional to quantum computing.' He noted that Andhra Pradesh is no longer a follower in tech but a leader shaping the nation's future. L&T, tasked with construction, will begin immediate development of the main block and supporting infrastructure.
New Indian Express
03-05-2025
- Business
- New Indian Express
Andhra signs deal to set up India's first Quantum Valley in Amaravati
VIJAYAWADA: In a transformative leap for India's technological landscape, Andhra Pradesh Chief Minister N Chandrababu Naidu announced the establishment of India's first Quantum Valley, set to be dedicated to the nation on January 1, 2026. The landmark announcement was made at the Chief Minister's residence in Undavalli during a signing ceremony for Memoranda of Understanding (MoUs) with global giants IBM, Tata Consultancy Services (TCS), and Larsen & Toubro (L&T). These partnerships will anchor the Quantum Valley Tech Park in Amaravati, featuring IBM's 156-qubit Quantum System Two, the largest quantum computing system to be installed in India. Addressing the gathering, the Chief Minister underscored Andhra Pradesh's legacy in driving India's IT revolution in the 1990s and its ambition to lead the global quantum computing frontier. Reflecting on past innovations like digitizing seven lakh government records and launching AP Online, he highlighted the state's shift to 'WhatsApp governance' enabled by voice commands. 'This is a historic moment for Andhra Pradesh and India,' Naidu declared. 'Quantum computing is unstoppable and will redefine governance and innovation.' CM Naidu envisioned Quantum Valley as a Silicon Valley-inspired ecosystem, integrating academia, startups, and global expertise. He emphasized real-time analytics and inclusive policies, citing the state's analysis of 1.7 crore families under the P4 initiative with TCS support.
Time of India
02-05-2025
- Time of India
Andhra will dedicate pioneering 'quantum valley' to nation on Jan 1, 2026: CM Naidu
Amaravati, Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said that the state will dedicate its pioneering "quantum valley" to the nation on January 1, 2026. The chief minister inked agreements with IBM, TCS and L&T at his residence in Undavalli, which aim to establish India's "most advanced and first-of-its-kind quantum valley tech park in Amaravati". "In a historic step toward India's technological future, Chief Minister N Chandrababu Naidu today announced that the state's pioneering quantum valley will be dedicated to the nation on January 1, 2026," said an official release. The quantum valley tech park will be anchored by IBM's cutting edge 156-qubit Quantum System Two, which is expected to be the largest quantum computing system to be installed in the country.
