Global Technology Industry

Time to reclaim the billions that global tech giants make off Indian users

Millions of Indian users generate billions in economic value for global digital platforms, yet most of it flows abroad. India must capture this value locally

NLB Services forays into GCC, targets $200 mn revenue over next 5 years

Global technology and digital talent solutions provider NLB Services on Monday announced its foray into the Global Capability Centre (GCC) segment and is eyeing USD 200 million revenue over the next five years, a senior company executive has said. The company also announced the appointment of Abhilash Raghavan as Chief Business Officer (CBO) of its GCC vertical, who will lead global business strategy and accelerate growth across priority markets. Raghavan will help establish and scale operations across India and other key markets across North America, Asia, the UK and Europe. "India continues to be at the forefront of major GCC expansions globally. We have built a strong and trusted presence in the GCC ecosystem by consistently delivering transformative outcomes for global enterprises," NLB Services SVP and APAC Head Varun Sachdeva told PTI. "Over the next five years, we are aiming to generate around USD 200 million in revenue through our GCC-as-a-Service venture," he ...

Salesforce merges CFO, COO roles as leaders embrace AI strategically

Robin Washington says merging CFO and COO functions improves business insight; Salesforce study finds APAC CFOs rapidly adopting AI for growth and efficiency

Nearly 66% senior citizens find technology 'confusing', shows study

HelpAge India study shows 66 per cent of senior citizens find tech confusing, with over half fearing errors; youth often act as guides but see elders as disinterested

India has a key role in global cybersecurity, says Germany's Maria Adebahr

Maria Adebahr, Director for Cyber, Foreign and Security Policy at Germany's Federal Foreign Office, praised India's strategic importance in the evolving digital landscape

Jaishankar to address inaugural session of Global Technology Summit today

External Affairs Minister S Jaishankar will address the inaugural session of the ninth edition of the Global Technology Summit (GTS) -- India's flagship dialogue on geo-technology -- here on Thursday. GTS, co-hosted by the Ministry of External Affairs (MEA) and Carnegie India, will be held from April 10-12. The inaugural session of the summit would begin with an address by Jaishankar, according to a statement issued by the MEA on Wednesday. "Convening leaders from government, industry, academia and civil society, the summit aims to shape global technology policy conversations with a focus on innovation, resilience and international cooperation," the statement said. The theme for this year's summit is 'Sambhavna', meaning possibility, and will explore how emerging technologies can drive inclusive growth, strengthen digital governance and deepen cross-border partnerships, it said. Over the course of three days, GTS 2025 will feature over 40 public sessions, including keynote address

India preferred partner in global tech ecosystem: Nasscom prez Nambiar

Technology is shaping economies more profoundly than ever before, Nasscom President Rajesh Nambiar said on Thursday as he outlined India's strengths as a global talent hub which positions it as a preferred partner in the global technological ecosystem. Nambiar was speaking at the IT industry body's Global Confluence 2025 here. "Today, the world is in a bit of an inflection point than ever before. Some of the technologies are actually playing a lot more influence on the economic models that we are seeing in the country," he said. Nambiar noted that the world is experiencing a global technological shift, which has created a rising demand for a high-quality talent base to meet the challenges and opportunities of this new landscape. There is no industry or country that is growing without technology playing a leading role. All of them have always been driven by technology to some extent, he said. "A country like India continues to be a partner of choice for the global technological ...

Astrology industry sees future where AI enhances traditional practices

In an exciting convergence of technology and tradition, AI is reshaping the astrology landscape in India, enabling quick access to personalised insights, and appealing to a tech-savvy generation keen to explore their destinies through innovative digital platforms. Industry experts foresee a future in which AI complements rather than replaces human knowledge and expertise. This intriguing fusion is not just a passing trend, it's reshaping how millions of people in India engage with the stars and their destinies. "In India, AI is transforming traditional practices by digitising horoscopes, offering instant personalised readings, and enabling users to access astrological guidance anytime, anywhere, which has made astrology more approachable and popular. "Our AI astrologers are enabled to respond within seconds -- the responses are not only quick but more accurate too which resonates deeply with the users," AstroSage AI founder Punit Pandey said. AI-powered astrology apps offer a ...

US govt tightens its grip on AI chip, technology export across globe

The new regulations will cap the number of AI chips that can be exported to most countries and allow unlimited access to US

Highlights: Odisha CM Majhi allocates portfolios to ministers; keeps home, finance with himself

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Bank stocks steady after Credit Suisse rescue, focus turns to Fed, US banks

The demise of 167-year-old Credit Suisse was triggered by the collapse of U.S. mid-sized lenders Silicon Valley Bank (SVB) and Signature Bank, and investors are concerned about potential bombs ticking

Global smartphone shipments decline more than 18% in holiday quarter

Global smartphone shipments declined 18.3 per cent (year-over-year) to 300.3 million units in the holiday quarter of 2022, the largest-ever decline in a single quarter

Covid impact shows that work can be done remotely: Wipro's Rishad Premji

IT companies facing high attrition because they chase the same talent pool and should widen their search, he says

India poised to become next global SaaS capital, says EY-CII study

According to a study by EY and CII titled "India: The next global SaaS capital", India is poised to become the next SaaS capital over the next few years

Adani signs agreement with Israel agency for access to technology

Collaboration will give Indian group access to latest know-how in 5G, cyber, AI

FBI, MI5 intelligence officials give major warning on Chinese spying

'The Chinese government is set on stealing your technology--whatever it is that makes your industry tick--and using it to undercut your business and dominate your market'

Google to shut down 'Currents' in 2023, users to be moved to 'Spaces'

Currents was to enable people have meaningful discussions and interactions across organisation, helping keep everyone in the know and allowing leaders to connect with their employees

Microsoft, Google, Dell join FB in legal battle against hacking company NSO

Tech giants including Microsoft and Google on joined Facebook's legal battle against hacking company NSO, filing a brief that warned that the Israeli firm's tools were "powerful, and dangerous"

Global technology companies threaten to leave Pakistan over new rules

The coalition said it was "alarmed by the scope of Pakistan's new law targeting internet companies, as well as the government's opaque process by which these rules were developed."

Time for tech solutions designed in India, but deployed for world: PM Modi

PM Narendra Modi said it is time for tech solutions that are designed in India but deployed for the world, and the country is uniquely positioned to leap ahead in the information era