IT-software Sector

Oracle co-founder Larry Ellison has dismissed fears that artificial intelligence (AI) will kill the traditional software industry, saying it will instead let companies build complete, ready-to-use applications for entire industries that need no training and can be switched on without lengthy installations. Speaking at Oracle AI World here, Ellison, the company's executive chairman and chief technology officer, rejected talk of a "SaaS apocalypse", in which businesses would use AI to build their own applications instead of buying software-as-a-service (SaaS) products. "I don't think that's quite true. I think companies will continue to build applications, but they will be quite different because of AI. They will be much, much better," he noted. Business software has so far never been fully finished for any one industry, Ellison said. A hospital, bank or hotel using even the best commercial products has had to build its own extensions or connect applications from other vendors. "Beca

Wipro has reportedly delayed permanent onboarding for at least 400 WILP trainees, some of whom may now spend more than five years in the programme before becoming full-time staff

India's software services exports rose 8.2 per cent in 2025-26, led by computer services, while the US remained the top destination with a 54.1 per cent share of exports

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The divergence suggests investors are growing weary of the AI-driven rally in chip stocks, while renewing interest in India's IT services firms after a years-long slump

Anthropic's AI labour market report shows declining hiring of young workers in AI-exposed roles. Experts warn the trend could pressure India's engineering graduates

While AI will generate enormous profits, he cautioned that history suggests early pioneers are often displaced

New plug-ins let Claude automate legal, sales and analytics tasks, raising fears of AI-led disruption to traditional software and IT services

Pascal Daloz says India's innovation, digital capabilities, and engineering talent will make it central to the global AI-driven industrial transformation

Corporate profits remained weak in Q1FY26, amid single-digit growth in revenues for the ninth consecutive quarter

Rohit Kaila talks about the centre's journey, how the lifecycle of a software developer is changing, and why an engineer must not stop coding

The Indian IT sector currently has over 375,000 active professionals in testing and QA/QC functions across experience levels, according to data sourced from specialist staffing firm Xpheno

To bid for government projects in India, the government mandates that a certain percentage of the product, including software solutions, be made domestically

ServiceNow is betting big on agentic AI as the next area of growth as it makes that technology a core part of its platform, which improves efficiency, predictability, and real-time decision support

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On the bourses, Birlasoft share price plunged 6.39 per cent to hit a fresh 52-week low of Rs 472.40 per share on Wednesday, February 12, 2025

The best of Business Standard's opinion pieces for today, curated for you

India's total exports of software services, including services delivered by foreign affiliates of Indian companies, increased to USD 205.2 billion during 2023-24 from USD 200.6 billion in the previous fiscal, according to a Reserve Bank survey. India's exports of software services (excluding their sales through overseas commercial presence) increased by 2.8 per cent during 2023-24 to USD 190.7 billion, according to the data related to the 2023-24 round of RBI annual survey on computer software and information technology enabled-services (ITES) exports. The US was the major software export destination with a 54 per cent share, followed by Europe (31 per cent share), where the United Kingdom was a major destination country, according to the data. In the survey, 7,226 software export companies were contacted, of which 2,266 firms, including most of the large companies, responded. The participating companies together accounted for nearly 89 per cent of total software services ...

If Infosys fails to honour commitment and breaches joining date, NITES will organise a protest right in front of its office, said Harpreet Singh Saluja, president of the IT employee union

Amongst the surveyed organisations, 99 per cent of firms in India said that they plan to increase their cyber budgets, with half of them anticipating a 6-15 per cent rise