<h1>IT services firm reports modest profit and revenue growth, 20,000 layoffs, Rs1,135cr severance, $6.5bn AI investment plan</h1> A major IT services firm disclosed in a regulatory filing a 1.4% rise in consolidated net profit and a 2.4% increase in quarterly revenues, alongside a reported reduction of 20,000 employees and a Rs 1,135 crore severance charge for mid-to-senior staff. The filing notes margins excluding severance, a second interim dividend with a record date, and the incorporation of a wholly owned subsidiary to develop AI and sovereign data centres with an announced USD 6.5 billion-plus, seven-year investment plan and pursuit of equity partners. The company also completed a US acquisition for about USD 72.8 million and highlighted regional revenue shifts and prioritized wage increases for most employees.