Page 10 - Information Technology

Rapid adoption: India's BPM industry on cusp of revolution amid GenAI use

BPM industry has been growing faster than the IT services sector, which has been impacted by macroeconomic uncertainties

HCLTech Q4 preview: Here's what brokerages expect from IT major

Key factors, analysts believe, would be deal pipeline, pricing scenario, and outlook on growth, operating margins and products and platforms (P&P) business

Despite uncertainties, services exports grow 11.4% in 2023: UNCTAD report

India's services exports jumped 11.4 per cent to USD 345 billion in 2023 despite global economic uncertainties, while China's shipments from the sector contracted by 10.1 per cent to USD 381 billion, according to a UNCTAD report. Sectors that contribute to India's services export growth include travel, transport, medical and hospitality. With an 8.9 per cent annual rise in current dollar value terms, the world services exports surpassed USD 7.9 trillion in 2023, a quarterly bulletin of UNCTAD said. The leading exporters among developing economies include India, China, Singapore, Turkiye, Thailand, Mexico, and Saudi Arabia, it added. India's services imports, however, dipped marginally by 0.4 per cent to USD 248 billion last year. "The main driver of the YoY (year-on-year) rise of services exports in Q4 2023 was the ample growth of international travel receipts. In the post-COVID-19 recovery, travel receipts increased by 70 per cent in Asia (YoY)," the report said. Commenting on .

Continue co-op for countering misuse of information tech by terrorists: NSA

India will continue cooperation for countering misuse of information and communication technologies by terrorists and criminals, National Security Adviser Ajit Doval said on Wednesday as he called for international cooperation for an open, stable, secure, reliable and inclusive framework for ensuring information security. Speaking at a plenary session on Ensuring Information Security in the Polycentric World in St Petersburg, Doval underscored India's policy to use digital technology for inclusive economic development. Doval emphasised that India shall continue cooperation for countering misuse of information and communication technologies by terrorists and criminals, as also for countering terror funding. In that context, the UN Convention on cybercrime will be an important initiative at the international level, he said. He called for international cooperation for an open, stable, secure, reliable and inclusive framework for ensuring information security. Doval, who participated a

Snatching decline from the jaws of growth

If enforced, the law of Standing Orders will bureaucratise India's most dynamic sector

IT firms bracing for muted show amid weak global macros, tight spends

Indian IT companies are seen signing off FY24 on a subdued note with an uncertain global macroeconomic environment dragging tech demand and client spends, analysts said, forecasting modest commentary and cautious tone by the tech pack on FY25 outlook. The grand IT earnings season opens on Friday with results of Tata Consultancy Services (TCS), followed by Infosys scorecard on April 18 and Wipro on April 19. Tech Mahindra is scheduled to announce Q4 and full-year numbers on April 25, whereas HCL Technologies will declare its numbers on April 26. Emkay in its quarterly preview recently said subpar growth should persist in Q4 as muted demand trends continue on account of weak discretionary spending and cautious behavior by clients amid uncertain macros. It predicted FY24 ending on a "weak footing", and noted that recovery hope has shifted to the second half of FY25. "Global companies such as ACN (Accenture), CTSH (Cognizant Technology Solutions), and CAP (Capgemini) have also guided f

Tech talent war: Nearly 4,500 IT leaders switch jobs in 12 months

Chaos in C-Suite sees 4.5% leadership churn in IT services: Xpheno

Wipro CEO Thierry Delaporte steps down, Srini Pallia takes charge

Delaporte will continue in his role until the end of May, working closely with incoming CEO Pallia and Wipro Chairman Rishad Premji

Wipro CEO Thierry Delaporte resigns; Srinivas Pallia named successor

Srinivas Pallia, who was the CEO for the company's Americas 1 area, will take over as the new CEO and Managing Director from April 7

Meity chips away at doubts, defends its domestic semiconductor policy

Govt's sequential approach targets mature nodes, foreseeing a conservative $100 billion chip demand in five years

Govt panel for an inter-ministerial body to oversee AI regulation

The submissions by the committee propose a disclosure provision for companies in cases where the AI platform/model causes harm to the user

India will become a product nation in PM Modi's next term: Vaishnaw

At Business Standard Manthan, Ashwini Vaishnaw said that the Centre would create a policy framework for the Global Capability Centres

SC transfers batch of pending pleas against IT rules 2021 to Delhi HC

The Supreme Court on Friday transferred to the Delhi High Court a batch of pleas pending before different high courts across the country challenging the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. A bench of Justices Hrishikesh Roy and Prashant Kumar Mishra noted that several petitions were pending on the issue before different high courts including Karnataka, Madras, Calcutta, Kerala and Bombay high courts. "In order to avoid contradictory judgments, the Union of India would wish to have all matters consolidated for analogous hearing. Since a large number of these cases are pending consideration before the Delhi High Court, we deem it appropriate to transfer the matters in various HCs to the Delhi HC," the bench said. The top court directed that all relevant paper books shall be transferred by the high courts to the Delhi High Court within four days. The apex court passed the order on a transfer petition moved by the Union of India f

Markets feel weight of TCS stake sale; Sensex YTD returns turn negative

The Sensex fell 736 points, or 1.01 per cent, to close at 72,012

India's compute infra less than 2% of global capacity: Nvidia Asia South MD

India's computing infrastructure is less than 2 per cent of global capacity which is a limiting factor in its contribution to research that remains in the range of 2 per cent, according to a senior official of GPU chip maker NVIDIA. While speaking at StartUp Mahakumbh, NVIDIA Asia South MD Vishal Dhupar on Monday said that the contribution of research from Indians abroad is around 12 per cent due to the availability of computing infrastructure. "India today is approximately sub-2 per cent as compared to US and China combined is closer to 58-59 per cent. If you go back and figure out why the research in India is as low as,what it is, we are talking about India's contribution, of 2 per cent. There is a direct correlation to that. Indians who basically contribute to the research bit are not based in India are contributing 12 pc because infrastructure is available there," Dhupar said. The demand for GPU-based servers or accelerated computing has increased as they can process data at a .

IT spending in India to grow at 9.9%, to cross $59 billion by 2027: IDC

The IT spending in India is likely to grow at a compound annual growth rate of 9.9 per cent over the coming years to cross the USD 59 billion mark by 2027, as the software market consistently showing double digit growth across the forecasted years, International Data Corporation (IDC) said on Thursday. The IT spending in India for 2024 is expected to grow by 11 per cent year-on-year to reach USD 44 billion in 2024, according to market research and analysis firm IDC. While speaking at India CIO Summit organised by IDC, the company's Head of WW Strategy and Senior Vice President & Regional Managing Director for EMEA Steven J Frantzen said Generative AI (GenAI) will continue to accelerate AI adoption in India, with more leading organisations exploring or investing in GenAI use cases. "Even with economic headwinds and uncertainty in 2024, we anticipate that global ICT spending will expand by more than 6 per cent (3x of projected GDP growth) as we enter a new era of accelerated digital

Recent strong rally leaves little room for IT firms to disappoint

The Nifty IT index has started to outperform the Nifty from around November 2023. It has delivered 26 per cent return in the last 12 months

Bombay HC refuses to grant interim stay on setting up fact-checking unit

The order was passed on a bunch of applications filed by standup comedian Kunal Kamra and others seeking a stay on the notification of the FCU

HCLTech ties up with ServiceNow for Gen-AI solutions to boost efficiency

IT firm HCLTech on Thursday said it has partnered with American software company ServiceNow to offer Gen-AI-led solutions for driving efficiency and cost-savings in businesses. HCLTech will offer consulting, design, implementation, and managed services through ServiceNow's entire suite of products, HCLtech said in a statement. It said the partnership will help enterprises realise cost-savings and enhance cross-department efficiency and productivity. "HCLTech offers a wealth of ServiceNow expertise to the world's leading businesses," said Bill McDermott, Chairman and CEO, ServiceNow. "It is an honour to extend our partnership to the co-creation of industry-specific GenAI (Generative Artificial Intelligence) solutions that will ignite our customers' growth engines with transformative experiences. HCLTech and ServiceNow will also launch a ServiceNow business unit and the 'Fluid NOW' centers of excellence in London, New York, and Noida for enterprises to explore the latest GenAI

Manish Prasad appointed president and MD for SAP Indian Subcontinent

Prasad succeeds Kulmeet Bawa, who takes on a global role for SAP