Page 15 - Information Technology

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

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