Page 21 - Shivani Shinde

20 years since listing: TCS gives 77.5% cash returns to investors

In 2004, TCS made history with the first $1 billion initial public offering (IPO) by a private-sector company in India. Tata Sons diluted 14 per cent of its equity shares

Rajesh Nambiar appointed nasscom president-designate, succeeds Ghosh

With this appointment, Nambiar also resigns from his current position at Cognizant. He was Chairman and Managing Director of Cognizant India

Chevron to set up engineering & innovation center with $1bn investment

The centre will focus on improving operational reliability, low-carbon energy solutions, and subsurface geology for carbon storage

Google Search to expand AI Overviews to six new countries including India

The feature will soon be available in Google Search in the United Kingdom, India, Japan, Indonesia, Mexico, and Brazil

Bhavish Aggarwal's Krutrim to build, launch its first AI chip by 2026

Ola Cabs renamed as Ola Consumer

IT company TCS eyes 'Prime' campus talents with Rs 9-11 L offers

Colleges to ensure that those hired in this category don't apply elsewhere

Nykaa raises stake in Dot & Key, to acquire Earth Rhythm for Rs 44.5 crore

Dot & Key's revenue for FY24 almost doubled to Rs 198.3 crore from Rs 57.7 crore in FY23

Wipro CTO Subha Tatavarti resigns to pursue opportunities outside company

Choudhary's resignation came after the Asia Pacific, India, Middle East, and Africa chief executive, Anis Chenchah, resigned. Both these leaders had joined Wipro from Capgemini

HCLTech unit to acquire French software firm Zeenea for 24 mn euros

Indian company says acquisition will strengthen data and analytics business

IT companies face 'long curve' before revenue visibility from GenAI

Peter Bendor-Samuel, CEO, Everest, a research firm, said there was a long curve before GenAI started generating money

90% women view GenAI as crucial for career growth, says Nasscom-BCG report

As GenAI is projected to dominate 33 per cent of the global AI landscape by 2027, the AI market is expected to reach $320-380 billion, growing at a CAGR of 25-35 per cent, said the report

Quality, flexibility key to winning Indian news subscriber: Study

The report also said that user preferences vary interestingly by language

US jobs data fallout: Recession fears add to IT services sector concerns

Market sources and media reports concur that today's global sell-off may trigger an early rate cut by the US Federal Reserve

Algo Rhythm: Space technology startups soar high, says Tracxn report

In 2024, space tech startups have raised $10.8 million yet

Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.5 bn

Cognizant has revised its full-year revenue growth guidance for FY24 from $19.3 billion to $19.5 billion, representing a growth of -0.5% to 1%

India becomes the largest market for Meta AI usage, says senior executive

Company testing how businesses can use AI service to interact with customers

Karnataka authorities have withdrawn GST tax notice, says Infosys

DGGI sent a notice to Infosys for non-payment of Integrated Goods and Services Tax (IGST) on import services as the recipient of services

Nasscom urges govt to have simple and single interpretation on compliance

The association also pointed out that the industry is crucial for the country's ambition of 'Vikshit Bharat' (developed India)

FirstCry IPO to open on Tuesday; sets price band at Rs 440-465 per share

The IPO comprises a fresh fund raise worth Rs 1,666 crore and a secondary share sale worth Rs 2,528 crore

Hiring of freshers by IT companies likely to go off-campus in FY25

HR experts concurred that the fiscal year 2024-25 will be better than the last fiscal. The total intake from campuses for the sector may hover around 100,000-120,000, according to estimates by Xpheno