IT

Karnataka government's department of Electronics, IT, and BT on Monday unveiled a Rs 1,000 crore "LEAP" programme to drive innovation across the state, catalysing growth beyond Bengaluru. Designed to catalyse innovation, LEAP (Local Economy Accelerator Programme) intends to create five lakh jobs, and build robust startup ecosystems across Karnataka, beyond the state capital, it said. "With an ambitious outlay of Rs 1,000 crore over five years, LEAP represents a strategic and holistic commitment to fostering innovation, democratising opportunity, and driving equitable economic growth across the entire state," the department said in a statement. According to the department, while Bengaluru is a globally celebrated technology hub, ranking at number 10 worldwide in the StartupBlink 2025 index and at 14 globally in the Startup Genome 2025 report, LEAP as an initiative is about holistic, statewide development. "The Government of Karnataka's vision for the next phase of transformation is

The framework will specify the role and responsibilities of the board of directors and the senior management of the entity.

In India, growth in the IT services market is being propelled by the banking, financial services and insurance

Indian infotech companies have increased onsite investments and expanded onsite delivery centres

The university announced the plan last July as a way to save $30 million over five years

Interview with the vice president, Industry Initiatives at Nasscom

Over 55,000 merchants have started offering digital payment options to rural customers across various districts, blocks

It attributed the reason to changing externalities

Evaluation tougher as companies battle uncertain macro conditions, automation

About 60-70% need re-skilling by 2025; in long term sector may require 2 mn people to add $100 bn revenue

Data centre systems' spending is projected to reach $174 billion in 2016 - a 2% increase from 2015

It includes spending on internal services, software, IT services, data centre, devices and telecom services

According to the Kotak Institutional Equities' report, the current attrition level is close to benign level at 13-15%

The app follows the installation of the country's first modern computer in 1955 to crystal gazing on Indian IT in 2040