Page 11 - Information Technology

50% of companies review their BCDR strategy only once in 3 years: Report

Nearly 40 per cent of firms do not have any detailed BCDR strategy, according to the report

Rules apply to firms of all sizes: MoS IT on RBI move on Paytm PB

Says have received two proposals for semiconductor fab units, entailing $22 bn investment

Rs 25K cr semiconductor packaging plant in Assam soon: Rajeev Chandrasekhar

In December last year, Chief Minister of Assam Himanta Biswa Sarma had revealed Tata group's investment plans for a semiconductor facility in the state

Govt preparing electronics component linked incentive scheme: Meity Secy

The government is working on a new component-linked incentive scheme to encourage the production of electronics parts besides semiconductors, a top government official said on Tuesday. While speaking at the launch of made-in-India Milkyway tablets, Ministry of Electronics and IT Secretary S Krishnan said that the government has been talking to industry for design and make in India products and the other focus has been increasing local value addition. "The private sector is stepping up. We hope in Meity to have a component linked incentive scheme in the coming months which will assist this movement towards making India both a product nation and increasingly a nation that produces more components," Krishnan said. He along with Consumers Affairs Secretary Rohit Kumar Singh unveiled a 4G tablet developed by non-profit organisation EPIC Foundation. The tablet has been designed in India and will be produced locally by electronic manufacturing services company VVDN and JioPhone maker Unit

Two of every three CXOs say GenAI will have existential impact: EY

The study also says that GenAI can provide value-uplift for internal support functions of tech companies

India can punch above its weight in AI, says Microsoft Asia president

AHMED MAZHARI, president of Microsoft Asia, believes Indian information technology (IT) companies will lead global businesses in adopting AI

Services sector firms led India Inc's job creation in FY23, says study

The study by the state-run bank sums the number of employees of close to 3,000 companies in the corporate sector in the past five years

Rashi Peripherals raises Rs 150 cr pre-IPO from institutional investors

The round saw participation from institutional investors such as Volrado Venture Partners Fund and Madhuri Madhusudan Kela

First made-in-India chip to be out by December, says IT minister Vaishnaw

The first made-in-India chip will be out by December, Union Minister Ashwini Vaishnaw said here, crediting Prime Minister Narendra Modi for developing a very strong semiconductor industry in the country in a short span of time with focus on the entire ecosystem. Speaking to PTI at the World Economic Forum Annual Meeting 2024, the minister said PM Modi launched a semiconductor policy in January 2022, adding that when he met senior representatives of the industry here, the one thing they all were surprised about was how this much work could be done in such a short time. "They all appreciated the policy and the fact that PM Modi has always stressed on creating a comprehensive ecosystem because not many countries have this kind of policy and therefore they could not get such success," he said. The Minister for Communications as well as Electronics and Information Technology said the prime minister has always focussed on developing an ecosystem where there is a lot of focus on ...

L&T Technology retains full-year forecast after all units post Q3 growth

(Reuters) - Indian tech services provider L&T Technology Services retained its revenue growth forecast for the current financial year on Tuesday as all its five business verticals posted year-on-year growth for the third quarter.

Earnings-equity valuation gap of Indian IT companies widens, shows data

The combined net profit of TCS, Infosys, Wipro, and HCL Technologies was down 1.5 per cent year-on-year (Y-o-Y) in the December quarter

90% of Indian biz leaders planning to invest more in AI, Gen AI: Capgemini

Capgemini's survey included business leaders from 2,000 organisations in 15 countries across sectors such as automotive, consumer products, banking, capital markets, life sciences, etc

2024 to be year of technolgy absorption: Army Chief General Manoj Pande

General Manoj Pande, Chief of Army Staff on Monday extended his greetings on the occasion of 76th Army Day

Crypto players see surge in activity after crackdown on global companies

The Financial Intelligence Unit (FIU) under the finance ministry issued the show cause notices to VDA platforms like Binance, the largest cryptocurrency exchange, and Kucoin last month

Govt officials, experts brainstorm on use of AI for grievance redressal

Senior government officials and industry experts discussed the use of artificial intelligence (AI) for redressal of public grievances and promotion of universalised face authentication processes for simplification of service delivery during a brainstorming session, said an official statement issued on Friday. The session -- 'Emerging and Future e-Governance Initiatives, e-Commerce Initiatives, and Emerging Technologies' -- was organised by the Department of Administrative Reforms and Public Grievances (DARPG) here on Thursday. The session marked a significant effort to promote knowledge exchange among key players in the realm of e-service delivery, e-governance and innovative technology implementation, said the statement issued by the Personnel Ministry. Fifteen domain experts and distinguished representatives from leading organisations, including Deloitte, PwC, Primus Partners, KPMG, QCI, and EY attended the session along with the Department of Administrative Reforms and Public ...

MeitY unveils domain registration portal for educational institutions

Secretary Krishnan also inaugurated the new conference hall of ERNET India and interacted with officers and staff on the occasion

Deepfake issue: Govt will keep an eye on platforms' approach, says MoS IT

Terming the menace of deepfakes and misinformation as "a very problematic issue" for the Indian democracy, Union Minister Rajeev Chandrasekhar has said the government will "keep an eye" on the remedial measures taken by the platforms on the advisories. The minister also promised that inaction on their part may prompt amendment to the IT Rules that will be more "prescriptive". In an interview with PTI, Chandrasekhar, who is Minister of State for IT and Electronics, counted the Digital Personal Data Protection (DPDP) legislation, setting up of grievances appellate panels and tighter accountability enforced on digital platforms for user safety as being among the big achievements for 2023. Chandrasekhar, however, said that the Digital India Act (that will supersede the 22-year-old Information Technology Act) despite undergoing extensive pre-consultations "ran out of time" and termed it "an unfinished agenda". "...The Digital India Act which we put a lot of effort into...spent almost a

For salary hikes, IT firms now considering tenure along with performance

The IT majors are making changes in their pay increment structure to maintain margins at a time when the sector is going through a tough time globally

Here's how govt's PLI scheme is fuelling Dixon Technologies' global dreams

The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology hardware brand in India

The world is not flat

Despite the illusions that ICTs have levelled the global playing field for companies and nations, the reality is quite the opposite