Page 13 - Information Technology

Nifty IT index gains 6% in 2 days; Tech Mahindra, Coforge hit 52-week highs

Mphasis surged 4 per cent, while TCS, Infosys, HCL Technologies and L&T Technology Services gained in the range of 2 to 3 per cent

Ministers concerned over including GST IT network in money laundering act

India's state ministers have raised concerns over the inclusion of goods and services tax's (GST) information technology network under the country's money laundering act

Global capability centres expand operations in India, hiring more IT talent

GCCs are expected to hire around 2.6 million people in India by the end of 2030, according to a report by EY

Fake news: If effect of law is unconstitutional, it has to go, says HC

The Bombay High Court on Thursday said that no matter how laudable or high the motives are while framing rules, if the effect of a rule or law is unconstitutional then it has to go. A division bench of Justices Gautam Patel and Neela Gokhale made the observation while hearing a bunch of petitions challenging the recently amended Information Technology Rules that empower the Centre to identify fake news against the government in social media. Stand-up comedian Kunal Kamra, the Editors Guild of India and the Association of Indian Magazines filed petitions in the high court against the rules terming them as arbitrary, unconstitutional and saying that they would have a "chilling effect" on the fundamental rights of citizens. On April 6 this year, the Union government promulgated certain amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, including a provision for a fact-checking unit to flag fake, false or misleading online ...

WhatsApp bans more than 6.5 million accounts in India under new IT rules

Meta-owned, WhatsApp banned over 6.5 million accounts in India in the month of May 2023. The company took action to comply with the new IT Rules 2021

Karnataka High Court rejects Twitter plea against govt blocking orders

'You are not a farmer but a billon-dollar company': Karnataka High Court tells platform for not complying with centre's orders

Multi Commodity Exchange tanks after extending IT contract at higher cost

MCX's transition to the TCS-run platform has been delayed, despite the company assuring analysts and its investors that the transition would take place by end-June

Transparency in governance

Sebi's new rules will help minority shareholders

Generative AI may affect 1% of IT jobs in India, add $2-3 billion revenue

Expansion of the usage of AI may not necessarily mean job losses but it may play an increasingly significant role in how certain parts of these jobs are performed

Tech employees most satisfied with their jobs, least likely to switch

This may be associated with their compensation and other benefits that the technology sector offers

Only 1-1.25% of Indian IT employees are above 50, more than 50% below 30

Only 1.1% of TCS employees are aged above 50 years. On the other hand, 52.69% of the company's employees are below the age of 30

Keytrade Bank selects Infosys Finacle suite for core banking transformation

The bank will subscribe to the Infosys Finacle suite in a software-as-a-service (SaaS) mode on the Microsoft Azure public cloud

Generative AI race creates new commercial models for IT services firms

Last month, leading IT firms including Tata Consultancy Services (TCS), Cognizant, Wipro, Mphasis, and Infosys were on a spree to launch their generative AI platforms

India pivoting from e-governance to digital governance, says IT Secretary

Alkesh Kumar Sharma, Secretary, MeitY, noted during the event that today's world is talking about digital transformation

Enabling policies catalysing ideas into successful global ventures: MoS IT

Startups and entrepreneurs in India have a universe of opportunities today ranging from space to AI and quantum to semiconductors, and the government is creating policy and legal frameworks that will act as an enabler for every young Indian to translate their ideas and vision into a successful global venture, Union Minister Rajeev Chandrasekhar said on Wednesday. Chandrasekhar, who is the Minister of State for IT and Electronics, said the world of technology will continue to disrupt and shift, and added that constant innovation is the only real solution for longevity of ventures in an unending world of change and disruption. Every element of tech space today is filled with entrepreneurship success stories and capabilities, the Minister pointed out. "There is no absolutely no doubt in my mind that so far as opportunities go, from space to AI (Artificial Intelligence) to quantum to semiconductors there is a huge universe of opportunities in front of our startups and we are creating ..

Government's IT spending likely to reach $11.6 bn in 2023: Report

By 2026, Gartner foresees over 75 per cent of governments will gauge digital transformation success by measuring the enduring mission impact

Wipro enters into a five-year business partnership with ServiceNow

The agreement expands on the two companies' existing partnership and is expected to help accelerate Wipro's goal of building a $1 billion business with ServiceNow by the end of 2026

Infosys, bp deepen relationship to transform digital application landscape

The companies will continue to explore more avenues for bp to advance sustainability, DE&I and other social impact initiatives

HCLTech expands partnership with SAP to drive digital transformation

We are delighted to expand our partnership with SAP to continue elevating the experience for our people through the best of technology, said C Vijayakumar

Digital India's two realities: A yawning gap between tech use & tech skills

Lack of tech skills in Indian youth a worry as labour markets brace for a tech-driven churn