Page 2 - Information Technology

Wipro appoints Omkar Nisal as CEO of Europe strategic market unit

IT firm Wipro on Monday said it has appointed Omkar Nisal as the chief executive officer for its Europe strategic market unit (SMU), with immediate effect. Nisal, who will also become a part of the Wipro executive board, will report directly to company CEO and MD Srini Pallia, according to a company statement. "Omkar's strategic vision, combined with a strong understanding of the European market dynamics, well positions him to lead our ambitious plans for growth and expansion. With a strong customer-centric approach, Omkar will help build a resilient and adaptable organisation poised for sustainable growth in the region," Pallia said. Based in London, Nisal has been a part of Wipro for over 12 years now. During his stint, he has led Wipro's banking-EMEA business, working closely with large and niche financial institutions across the UK, Europe, the Middle East, and Africa. This involved facilitating their digital transformation by emphasising customer journey redesign, enterprise ..

Gen Z professionals trust GenAI more than their 'biased managers': Study

The study, based on responses from over 3,500 Gen Z professionals and 1,000 HR leaders, highlights how this tech-savvy generation is integrating GenAI into their daily workflows

IT flexi staffing space to grow steadily at 7% till FY26: ISF report

India's IT flexi staffing space is likely to grow steadily at a compound annual growth rate (CAGR) of 7 per cent from FY24 to FY26, stated a report by industry body India Staffing Federation (ISF). The IT flexi staffing industry focuses on supplying temporary or contract IT professionals to client organisations. ISF has also released the Indian IT Staffing-Sectoral & State Employment Trends Report 2024, which provides an in-depth analysis of trends in employment across various sectors and states. According to the report, India is the second-largest player in the South Asia-Pacific (APAC) region within the rapidly expanding APAC IT staffing market. Lohit Bhatia, President of ISF, said in the statement, "India's IT flexi-staffing sector is anticipated to experience steady growth, with a projected compound annual growth rate (CAGR) of 7 per cent from FY 2024 to FY 2026." The Indian IT Flexi Staffing Market size is USD 4.9 billion in FY24, with a total workforce of 5,97,000. Accordin

TCS bags multi-year deal from Air France-KLM for transition to advanced AI

India's largest IT services company Tata Consultancy Services (TCS) has bagged a multi-year deal to assist Air France-KLM in transitioning to an advanced, AI-ready, and cloud-native data landscape, according to a release. The deal will help Air France-KLM - a Europe-based global aviation leader in passenger transport, cargo transport and aeronautical maintenance - "become the most data-centric airline group in the world", the release added. It will facilitate Air France-KLM's transition to an advanced, AI-ready, and cloud-native data landscape. "Over the next three years, TCS will modernise the airline group's data by moving it to cloud, promoting the next generation of data-driven aviation," it said without disclosing the financial details of the contract. This shift will help Air France-KLM exit data centres and harness the strength of the cloud, supporting the sustainable and adaptive aviation industry. The new data architecture will enable the use of data to enhance operations

AI, GenAI, most talked-about tech, still far from full enterprise adoption

Lack of frameworks in strategy, data, and tech slows AI adoption, says a latest report by Infosys Knowledge Institute

Nifty IT down over 3%: Why have IT stocks slipped in trade today?

Meta Platforms warned of a significant acceleration in its infrastructure expenses in 2025 in its third-quarter earnings report on Wednesday

Are campuses ready to cater to tech industry's demand on specialised talent

Recent findings highlight that most colleges are taking steps to prepare for an AI-driven future. But many campuses lack qualified faculty for effective course delivery

Irdai asks insurers to check vulnerabilities in IT systems, take measures

Recently, there was a data breach at Star Health & Allied Insurance's servers and reportedly sensitive data of 31 million customers were put up for sale

Infosys raises FY25 revenue forecast on BFSI boost; Q2 net profit up 4.7%

Ups growth projection to 3.75-4.5%

Tech hiring in FY25: 40% rise in demand for freshers, 30% salary hikes

FY25 is expected to see a 40 per cent rise in fresher hiring, driven by artificial intelligence, machine learning, cloud technologies, and upskilling

IT services' focus on building IP and platforms may trigger more lawsuits

While lawsuits are common in the US tech industry, analysts believe their nature is changing due to shifts in business models and growing organisational awareness of intellectual property infringement

Bihar inks MoU with Nasscom with aim to promote state's IT policy

The Bihar government on Monday signed a Memorandum of Understanding with the National Association of Software and Service Companies (NASSCOM) with an aim to promote the state's IT policy and investment opportunities. The MoU was signed in the presence of Bihar IT Minister Santosh Kumar Suman and Srikanth Srinivasan and Nirupam Choudhary, both NASSCOM vice presidents. According to a statement issued by the IT Department: With the support of NASSCOM, Bihar government will plan and organise roadshows in Bengaluru, Chennai, Mumbai, Hyderabad and Pune. These roadshows will facilitate in linking Bihar government officials with potential investors and technology companies, increasing the potential for investment in the state. This partnership will also enable Bihar to participate in NASSCOM's national programmes, allowing the Department of Information Technology to showcase the emerging IT activities in the state, it said. Through these programs, Bihar's progress in IT infrastructure, ski

Indian shares hit record highs helped by gains in IT and consumer firms

The consumer goods index was up 0.4 per cent and was among the top gainers of the 13 major sub-indexes

Balance privacy & AI innovation in DPDP rules: Global tech body urges govt

Asks for a compliance period of 18-24 months to the data protection legislation

Global tech body concerned over future after import mgmt scheme expires

ITI represents 80 technology firms around the world, including giants like Apple, Amazon, Google, Dell, Microsoft, and Tata Consultancy Services

Microsoft acquires 16.4-acre land parcel for Rs 520 crore in Pune

The information technology conglomerate recently acquired a 16.4-acre land parcel for Rs 520 crore in Pune's Hinjewadi

MeitY urges swift removal of fake content by intermediaries after HC order

The Bombay High Court ordered the deletion of false information following the circulation of fake videos featuring NSE's MD and CEO Ashishkumar Chauhan

Ashwini Vaishnaw, Anil Kapoor among Times 100 most influential people in AI

The Times has released its list of the 100 most influential people in artificial intelligence. Who are the Indians featured on it?

HCL Tech's market cap nears Rs 5 trillion; stock zooms 46% from June low

With HCL Tech's stock up 3 per cent at 11:58 AM, the market cap of the company stood at Rs 4.9 trillion, and 2 per cent away from the Rs 5-trillion-mark, exchange data showed.

Why brokerages are bullish on IT stocks going ahead? Check details here

"Indian IT services growth would continue to outpace the global market and other key geographies materially," said Prabhudas Lilladher