Wipro and Google Cloud Expand Partnership to Scale AI into Core Enterprise Operations – Chennaionline

Wipro's ADR rose 5% in pre-market trading after expanding its partnership with Google Cloud to accelerate AI adoption, including scaling Gemini Enterprise internally. The company launched the LIFT framework to aid AI transformation and operationalize agentic AI. Wipro aims to empower 10,000 AI-certified specialists. The partnership focuses on improving productivity and decision-making, with Gemini Enterprise as the central platform.

Indian equities may see stock-specific action. Hero MotoCorp plans to invest Rs 1,758 crore in Ather Energy, raising its stake to 32.8%. Wipro will train 10,000 AI specialists. Tata Motors PV unveiled a new brand identity. GE Shipping approved a Rs 900 crore buyback. Tejas Networks received a Rs 1,537 crore LOI from TCS.

NVIDIA announced a 15% price hike by year-end, causing a sell-off in AI-focused stocks and shifting investor focus to IT service companies like Infosys and HCLTech. Hexaware, with over half its revenue AI-infused, saw a significant gain, with CLSA predicting a 37% stock increase in the next year. Despite this, Infosys and Wipro remain down for 2026.

CLSA downgraded TCS, Infosys, and Tech Mahindra to Hold, citing AI's deflationary pressure and macroeconomic uncertainty. It downgraded Wipro and Mphasis to Underperform. CLSA prefers mid-tier IT companies like Persistent Systems and Coforge, seeing them better positioned for AI-driven changes. Target prices were adjusted for all mentioned companies.

Wipro Consumer Care & Lighting acquired a 60% stake in Dermatouch, a skincare brand, for Rs 387.5 crore. Dermatouch reported Rs 131 crore revenue in FY26, up 114% from FY25. Wipro plans to acquire the remaining 40% stake over three years. The acquisition marks Wipro's entry into India's premium skincare segment and its first digital-first brand acquisition.

CLSA downgraded five large-cap Indian IT stocks, including TCS, Infosys, Tech Mahindra, Wipro, and Mphasis, citing AI revenue growth concerns and macro headwinds. The brokerage expects AI to comprise one-third of TCS, Infosys, and HCLTech's revenue by FY2031. Price targets were adjusted slightly. CLSA upgraded mid-tier firms like Persistent Systems and Coforge.