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India's tech spends to revert to pre-Covid levels, says McKinsey

Pandemic has decoupled the GDP growth and tech spends, it says

Irrational exuberance pulled IT companies down in FY23: NASSCOM chairman

Delayed decision-making, economic uncertainty, and inflation along with demand contraction in some markets are expected to be the major headwinds for the sector

Creating infra to win back startups & businesses to Maharashtra: Deputy CM

Devendra Fadnavis also reiterated that the state is aiming to stay number one in the space of fintech startups

Indian tech sector to hit $245 bn in FY23; headwinds seen in FY24: Nasscom

A silver lining amid news of mass layoffs is that the IT industry remains a net employer with over 5.4 million in the workforce; it created 290,000 new jobs in FY23, Nasscom said

Tech industry one of the most spoilt in the mode of work: Rishad Premji

Indian IT companies are facing challenges in re-establishing the work-from-office model of pre-pandemic times

We never stopped hiring in India, says IBM India MD Sandip Patel

While there are pockets of recessionary tendencies that we see in different parts of the world, I believe that India is in a good spot, says IBM India MD Sandip Patel

Paytm shareholding changes: Ant exceeds 25% mark, MFs increase their stake

The revised shareholding pattern shows that mutual funds have further increased their position since December 2022 from 1.73 per cent to 2.68 per cent

How Google sunsetting Optimize is an opportunity for Indian tech startups

With Google announcing the sunset clause, several players are gearing up to take its market share

TCS-BSNL deal worth $2.9 billion nears closure; GoM nod likely in March

To provide 4G equipment for 100K new towers

World-class firms need world-class governance, says Sequoia India MD

Anandan also reiterated that if one has decided to do fraud then even the Big four audit firms can also not do much

Wipro freshers' dilemma: Work for half the salary or wait longer

Firm asks candidates, earlier offered Rs 6.5 LPA, if they wish to join at Rs 3.5L

India will see 1.5 mn vacancies in cybersecurity in 2025: Microsoft's Gomes

India is one of the fastest-growing security markets for the company, said Terence Gomes, country head, security, Microsoft India

Meta accounts for 82% of fines under EU privacy laws, shows data

The fines seek to rectify wrongs committed, and caution firms that privacy breaches will not be taken lightly and non-compliance would incur the authorities' ire

Google sacks employees in India, cuts 450 jobs across verticals

Engineering, customer support roles affected in Microsoft's 3rd round of sackings

Venture debt unperturbed by GoMechanic issues; 2023 a vital growth year

For investors, making a loss is part of business strategy, but for venture debt players, default is a risky proposition, yet, players in venture debt segment are unperturbed so far

Apply for Maharashtra licence in 3 weeks, Supreme Court tells Uber

State govt asked to frame policy; officials say all cab aggregators will need licences

Going slow: Infosys, Wipro keep Class of 2023 waiting for campus hiring

Industry players said IT hiring was not as strong as it was in 2022

Zomato an accidental company, says CEO and founder Deepinder Goyal

For the Q3FY23 the company's losses widened over five times at Rs 346.6 crore. Loss for the same quarter last fiscal was at Rs 63.2 crore

With love, from AI: For Valentine's Day letters, people turn to ChatGPT

62% of Indians plan using AI to help write their expression of affection; the highest among 9 nations surveyed

TCS expands partnership with UK's Phoenix Group, inks over £600 mn deal

This will be one of the largest deals for the company in the coming quarter