Page 10 - Information Technology

IT hiring slowdown to continue for 2-3 quarters, global slowdown to blame

Sekhar Garisa, CEO of foundit, said that companies do not need as many designers and content writers as before since technology can help make some of these jobs more efficient

GenAI can transform industries, only if applied responsibly: Rishad Premji

Premji also pointed out that human capital is the most important driver of social economic development and there is a need to continue to invest in world-class infrastructure

Small-town freshers learning new-age tech skills to crack IT sector jobs

More and more candidates are registering to learn these skills in hopes of finding better employment opportunities in an increasingly competitive job market

Capgemini to double data, AI teams to 60,000 in 3 yrs: Nisheeth Srivastava

'Leveraging our global data and AI campus, we will train most of our employees, starting with our data and AI teams'

Internet, tech can do harm if not regulated via prism of safety: MoS IT

Internet and technology - unless regulated carefully through the prism of safety and trust - have the power to harm users, Union Minister Rajeev Chandrasekhar said on Friday, adding that 'guardrails' have to be carefully developed without over-regulating innovation. The Minister of State for IT and Electronics said that while artificial intelligence (AI) is one of the biggest inventions of recent times, the government is committed to ensuring the safety of users on digital platforms, given that India is one of the largest connected nations in the world with almost 850 million Indians already using the internet and 1.2 billion estimated to do so by 2025-26. In a video message at the 'DATE with Tech' event, the minister also drew attention to the issue of deepfakes. "You have heard recently our Prime Minister call out the risks of deepfakes. We have all been aware, especially some of us from my generation, who always believe that technology is a great enabler and is a force for good,

Govt to enable citizens to file FIR against social media companies

The government will assist citizens in filing FIR against social media platforms for violation of IT rules in case they are aggrieved from objectionable content like deep fakes. Minister of State for Electronics and IT Rajeev Chandrasekhar said the Ministry of Electronics and Information Technology (Meity) will develop a platform on which users can notify about IT rule violation by social media platforms. "Meity will assist users to very easily notify it about violation of IT rules and assist them in filing FIRs," the minister said. He was speaking to the media after a meeting with social media platforms. "From today onwards there is zero tolerance for violation of IT rules," Chandrasekhar said. The FIR will be registered against the intermediary and if they disclose the details from where the content has originated then the FIR will be filed against the entity that has posted the content, the minister said. He said that social media platforms have been given seven days time to al

Goa poised to become nurturing ground for startup creativity: IT minister

The Goa government will introduce a number of initiatives to provide support to startups as the state is poised to become a nurturing ground for startup creativity, a minister has said. Addressing the closing ceremony of three-day-long Tech Media Startup 2023 event on Thursday, Goa Information Technology Minister Rohan Khaunte also said the government's aim is to position the state as a premier startup destination in Asia. "Goa, with its vibrant spirit, is poised to become a nurturing ground for startup creativity. In the coming months, we will introduce a spectrum of initiatives to further catalyse business growth and provide startups with the support they need," he said. "Under the leadership of Chief Minister Pramod Sawant, the aim is to position Goa as a premier startup destination in Asia...The state's unique blend of natural beauty, cultural heritage and burgeoning entrepreneurial spirit sets the stage for the convergence of startups and information technology," he said. The

Amid muted earnings, Infosys to hand out 80% variable pay for Q2FY24

The IT sector has faced challenges as the Western markets have struggled with the possibility of a recession. Most clients for Indian IT companies are from the USA and Europe

1.39 million cyberattacks handled in 2022, phishing attacks rise: Cert-In

Among 1.39 million cyber security cases last year, vulnerable services made up 875,892 of the total incidents tackled by Cert-In

IT companies to diversify, draw 30% revenue from non-western mkt by 2030

Japan, Australia, and countries from West Asia will play a major role in this shift as they expand their share in the Indian IT outsourcing space

Regulated entities to follow new IT framework from April 2024: RBI

The framework will specify the roles and responsibilities of the board of Directors, board level Committee and Senior Management

Centre issues advisory for social media platforms regarding deepfakes

Deepfakes are videos creating delusion with the use of deep learning, AI, and photoshopping techniques to make images of fake events

Rashmika Mandanna's deepfake video goes viral, IT Minister issues warning

The video shows a woman wearing a black outfit entering a lift. However, her face changes to that of the actor Rashmika Mandanna in the deepfake video

Sonata Software surges 6% in weak market on healthy Q2, 1:1 bonus issue

The board also declared an interim dividend of Rs 7 per share (700 per cent on par value of Rs 1) for the financial year 2023-24

TCS to revise rates for staffing cos to enhance transparency, better talent

The changes in rate cards are for contract staffing employees and not for permanent employees. TCS is revamping its hiring mechanism

Power, building materials, IT stocks bear biggest brunt of FPI selloff

During the first fortnight of October, foreign portfolio investors (FPIs) withdrew Rs 2,069 crore from the power sector and around Rs 1,500 crore each from infrastructure and IT

MeitY to support development of AI chips under national programme

The Ministry also invited industry suggestions on its draft National Strategy on Robotics released last month

Sasken hits 52-week high; zooms 35% in one week after pact with Qualcomm

The company said its pact with Qualcomm marks a significant milestone in the realm of IoT innovation and underscores both firms' commitment in shaping the future of connected devices and services.

Stronger misinformation norms on the cards for social media companies

The committee members also expressed dissatisfaction with the inefficiencies and delays in redressing user grievances about the content on social media platforms

Stock of this industrial products company has zoomed 293% so far in 2023

Shares of Kaynes Technology India hit a new high of Rs 2,954.20 on rallying 16 per cent on the BSE in Monday's intra-day trade