Tata Consultancy Services on Thursday announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to invest ₹18,000 crore. TPG will invest $1 billion, or around ₹8,870 crore, in the AI data centre business christened ‘Hypervault’, and will hold a stake between 27.5 per cent and 49 per cent in the venture. “Bringing in TPG as a strategic investment partner will help TCS drive stronger returns to its shareholders, reduce its capital outlay, and create long-term value for the data centre platform,” a statement said. TCS had last month announced its entry into the data centre segment and it plans to invest up to $6.5 billion to create over 1 GW of capacity.

Hyundai Motor India has further invested ₹21.46 crore as the second tranche an

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