Page 14 - Information Technology

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

Sebi comes out with testing framework for IT systems of stock exchanges

Capital markets regulator Sebi on Friday put in place a comprehensive testing framework for the information technology (IT) systems of the stock exchanges and other market infrastructure institutions (MIIs). The framework will be for the IT systems of MIIs -- stock exchanges, clearing corporations, and depositories -- throughout their lifecycle, which can assist the MIIs in performing thorough risk assessment before deploying any IT systems in production or live environment. Under the framework, all MIIs have been asked to do extensive testing, validation, and documentation whenever new systems or changes to existing systems are introduced before the deployment in the production/live environment, according to a circular. Further, they have to set up a comprehensive methodology for system testing, functional testing, and application security testing, and the same need to be approved by the Standing Committee on Technology (SCOT) of respective MIIs. The scope of testing includes ...

New IT Rules: 16 groups join hands against govt-run fact-checking unit

The groups said that the new IT Rules would censor journalism and severely jeopardise freedom of expression

Fact-checking unit will not be notified until July 5, says Centre

The division bench had said that the rules did not seem to offer protection to fair criticism of the government like parody and satire

Sify reports consolidated Q4 profit at Rs 34 mn, revenue up at Rs 8,861 mn

Information technology services company Sify Technologies has reported consolidated profit for the January-March 2023 quarter at Rs 34 million, the company said on Wednesday. The company had registered consolidated net at Rs 227 million during the corresponding quarter of previous year. For the year ending March 31, 2023 the consolidated profit stood at Rs 674 million as compared to Rs 1,258 million registered last year. The consolidated revenues during the quarter under review went up to Rs 8,861 million from Rs 6,805 million registered in same quarter of last year, the company said. For the year ending March 31, 2023 the consolidated revenue grew to Rs 33,404 million from Rs 27,026 million registered year ago. The digital tsunami that swept India during COVID-19 has settled into a steady adoption by both public and private enterprises. Enterprises are eager to unlock the power of digital automation measures to transition to the next phase of growth, company chairman Raju Vegesna

Meta Platforms Inc needs a new catalyst after stock's 77% rally

For the first quarter, revenue is expected to decline 0.9%, according to estimates compiled by Bloomberg

Server business unaffected from macroeconomic worries: Dell India VP

Dell Technologies India's Manish Gupta talks about how the distributed computing demand is giving rise to the adoption of edge servers in India and how the company is eyeing this opportunity

Infosys launches live operations platform in collaboration with ServiceNow

The company plans to boost customer experience for telecom service providers

Next step for the infotech boom

The IT services industry must innovate more and integrate better into the needs of the national economy

Testing times: Wipro asks freshers to take new test or get terminated

This comes as freshers have been awaiting onboarding for more than a year now

Indian Newspaper Society urges govt to withdraw IT Amendment Rules 2023

According to the new rule, MeitY can constitute a fact-checking unit, which will have the power to determine what is fake, with respect to the government

Amid IT firm layoffs, top tech talent in demand among non-tech companies

Non-tech companies are taking steps to hire top talent from the IT sector in order to drive their organisations towards digitisation. Most of this demand is for experienced employees

ChatGPT like alien intelligence but lacks human-like reasoning: Rosedale

Rosedale compared the current state of generative AI to the early days of the internet when there was a lot of excitement, opportunity, and uncertainty about what would happen next, reports ZDNET.

Not considering law to regulate AI growth in country: IT Ministry

The government is not considering bringing a law or regulating the growth of artificial intelligence (AI) in the country, as generative AI-based chatbots become a rage across the industry

Samsung, MeitY to skill Indian youth in building real-life innovations

The first season of the initiative in 2022 received over 18,000 registrations from youth across the country. This year, anyone in India aged 16-22 can apply till 5 pm on May 31

India has 45,000 job openings in AI, demand for skills rising: Report

37% organisations provide employees tools to build AI-ready workforce, says survey

IT hardware manufacturers flag PLI investment clause; cite demand issues

The IT manufacturers have said that they have underutilised capacities that first need to be used up before they can commit to further expansion

Govt developing platform to update DigiLocker documents using Aadhaar

The IT ministry plans to first approach departments that issue important documents such as driving licenses, ration cards, voter ID cards, etc. Passports are likely to be brought in later

Information technology should be used to improve governance: Om Birla

Birla made remarks after inaugurating the two-day 19th annual conference of Commonwealth Parliamentary Association (CPA) India region zone-III at Sikkim Legislative Assembly in Gangtok

Bristol Myers Squibb to invest Rs 800 cr for drug development in Hyderabad

Bristol Myers Squibb, a world's leading biopharmaceutical company will establish a state of-the-art site here to expand its global drug development and IT capabilities with an investment of Rs 800 crore, a Telangana government press release said on Thursday. The announcement was made after Telangana Minister KT Rama Rao's meeting with Samit Hirawat, Executive Vice-President, Global Drug Development at BMS, who is in the city to participate in BioAsia 2023, it said. The company plans to begin operations in Hyderabad later in 2023, with the potential over the next few years to employ approximately 1,500 people who will be engaged in cutting-edge Research and Development and digital activities, a BMS release said. Rama Rao said, "I am delighted to welcome Bristol Myers Squibb to the vibrant ecosystem of Hyderabad. It is indeed a matter of pride that BMS, which is one of the most innovative and world leading biopharmaceutical companies, has chosen Hyderabad and I strongly believe this .