Page 4 - Digital Services

India ranks 2nd for global investment in digital shopping companies

India is the second-largest global venture capital investment hub for digital shopping companies, growing by a whopping 175 per cent from USD 8 billion in 2020 to USD 22 billion in 2021, according to an official analysis released here on Wednesday. On a global scale, India came in second to the US last year, which attracted USD 51 billion in investment, followed by China at third with USD 14 billion and the UK at fourth with USD 7 billion. Within India, Bengaluru comes out on top globally with USD 14 billion worth of Venture Capital (VC) investments in digital shopping in 2021, followed by Gurugram at No. 7 with USD 4 billion and Mumbai at No. 10 with USD 3 billion. Bengaluru almost tripled its investments from USD 5 billion in 2020 to take the top spot, ahead of other leading cities in the world New York City (second), San Francisco (third), London (fourth) and Berlin (fifth). According to the London & Partners analysis of Dealroom.co investment data, increasing demand for ...

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New EU law should become the global benchmark

Indian IT leaders TCS and Infosys confident on digital services growth

BENGALURU (Reuters) -Infosys raised its revenue forecast and Tata Consultancy Services (TCS) predicted robust demand on Wednesday as the Indian IT giants said they expect tech spending to continue, particularly for digital services such as the cloud.

Digital transaction volume grew at 50% in four years, shows data

Around 368,000 candidates have signed up for The FutureSkills PRIME ecosystem that aims to reskill or upskill 412,000 professionals

ICICI Bank announces value-added digital service for importers, exporters

'Trade Emerge' will give clients access to a global trade database of nearly 15 million buyers and sellers across 181 countries.

Software firm Latent View Analytics jumps 2.5 times in stellar listing

Latent View is a pure-play data analytics services company and functions in consulting services, data engineering, business analytics and digital solutions

Online sales of FMCG companies rise, but some see moderation

Many e-commerce firms aligning with govt's draft policy

Google India Digital Services' net profit rises 62% to Rs 53 cr in 2020-21

Google India Digital Services has seen its net profit rise about 62 per cent to Rs 53.22 crore, even as its revenue from operations fell two per cent to Rs 1,497.6 crore in 2020-21

Amazon India to provide 20,000 digital devices to underprivileged students

E-commerce company Amazon India on Tuesday said it will directly provide 20,000 digital devices to students from underprivileged communities to empower them for a brighter future

NeST Group launches digital service, plans to create 1,000 jobs

The NeST group of companies on Friday announced the launch of NeST Digital, its formal re-entry into the digital engineering services sector, and said it will create 1000 jobs

Japan's TechnoPro acquires Udupi-based Robosoft for Rs 805 crore

Robosoft will continue to be led by its current management team, headed by chief executive officer Ravi Teja Bommireddipalli who is also being elevated to managing director and CEO.

Wipro hits record high as digital services demand drives quarterly profit

Wipro Ltd's shares rose as much as 2.3% to a record high on Friday, a day after the Indian IT services firm reported a jump in quarterly profit ahead of analysts' estimates

Digital solutions firm Whatfix announces $4.3 mn for ESOP buyback

Digital adoption solutions provider Whatfix on Tuesday said it has implemented its maiden employee stock ownership plan (ESOP) buyback of $4.3 million

Jio accelerating digital platforms, indigenously-developed 5G stack: RIL

Jio is accelerating the rollout of digital platforms and indigenously-developed next-generation 5G stack, Reliance Industries' annual report has said

Maruti Suzuki digitises to click with buyers: How exactly does it work?

India's largest car maker is finding traction in the national roll-out of its digital financial services platform

Happiest Minds March qtr net up 580%, firm offers double-digit pay hikes

Revenue up 18% to Rs 186 cr; profit was lower sequentially

UST partners with BlueYonder to improve digital services for retailers

Blue Yonder experts will join UST to introduce add-on capabilities for customers, companies say.

Cognizant reports good numbers in Mar quarter, revises revenue guidance

Net income for the first quarter of CY21 was $505 million, up 37%

ICICI Bank launches digital service for retail merchants, offers credit

Lender says it aims to provide services in 'one single place' to more than 20 million retail merchants.

IT industry needs a 'skiller' app to double digital growth in 5 years

Access to digital talent has been identified as a key hurdle to doubling growth in the industry in the next five years. Here's how it's trying to bridge the gap