Page 2 - Information Technology

The Board's AI agenda: How prepared are you to guide the transformation?

When a business that relies heavily on artistic talent cites AI as a disruptive force, it signals more than just an industry-specific concern

Persistent Systems bleeds over 9% post mixed Q1; here's what brokerages say

Around 11:10 AM, the Persistent Systems' share was trading 8.24 per cent lower at ₹5,143.50. In comparison, BSE Sensex was down 0.26 per cent at 82,514.88 levels.

IT employees' union says TCS bench policy 'coercive' and 'punishing'

35-day bench rule pressures employees and promotes a culture of fear, says NITES

TCS Q1 Preview: Revenue, profit to dip sequentially amid demand uncertainty

TCS Q1 Preview: The IT major is likely to see a 0.21 per cent quarter-on-quarter (Q-o-Q) dip in revenue to ₹64,342.93 crore, according to analysts

RRBs' IT integration likely to be completed by Sep 15: Nabard chairman

NABARD Chairman Shaji KV said on Monday IT integration of recently amalgamated Regional Rural Banks (RRBs) on the principles of 'One State One RRB' is expected to be completed by September 30. The amalgamation of RRBs on the principles of 'One State One RRB' became effective from May 1. This was aimed at improving scale efficiency and cost rationalisation. With this, now, there are 28 RRBs in 26 states and 2 UTs with more than 22,000 branches covering 700 districts. Speaking at a CII event, Shaji said that as of May 1, integration of all the RRBs at the state level has been done, and by September, the IT integration of RRBs is expected to be completed. The chairman said that NABARD (National Bank for Agriculture and Rural Development) is working on building a common digital infrastructure with RRBs. They are rolling out credit infrastructure and government data systems to reach rural populations. However, challenges like low internet bandwidth and awareness exist, but efforts ar

Microsoft shuts Pakistan office after 25 years amid global overhaul

Tech giant Microsoft has announced to shut down its limited operations in Pakistan as part of its global strategy to reduce workforce, which various stakeholders termed on Friday as a troubling sign for the country's economy. Microsoft, while closing its office in Pakistan on Thursday after 25 years, cited global restructuring and a shift to a cloud-based, partner-led model. The move came as the tech giant cut roughly 9,100 jobs worldwide (or about 4 per cent of its workforce) in its largest layoff round since 2023. Jawwad Rehman, former founding Country Manager of Microsoft Pakistan, urged the government and IT minister to engage with the tech giants with a bold KPI (Key Performance Indicators) driven plan. He said the exit reflected the current business climate. Even global giants like Microsoft find it unsustainable to stay, he posted on LinkedIn. Former Pakistan president Arif Alvi, in a post on X, also expressed concern over Microsoft shutting down operations. It is a troubl

Changing skill demands: Era of big bench strength at IT firms may be over

Companies such as Infosys, Wipro, Cognizant, and Tech Mahindra have maintained their IT utilisation rates at around 85 per cent over the past couple of years

PhysicsWallah, CSC Academy to set up digital university for rural learners

Education company PhysicsWallah has joined hands with CSC Academy (CSCA), a not-for-profit organisation under the IT Ministry's Common Services Centres (CSC), to set up a digital university for rural learners, a release said on Friday. The Digital University - envisioned under the partnership - will offer accredited online degree programmes and certifications, with Common Services Centres (CSCs) serving as digital learning centres. This would be aimed at expanding access to quality higher education across rural and underserved regions of India. "The partnership attempts to leverage PW's expertise in creating various educational and skill development programmes with CSCA's nationwide network of CSCs," the release said. The programmes will be delivered through PhysicsWallah online, offline and hybrid modes as well as Common Service Centres as learning hubs. This partnership will aim to target skill-based training, co-developing courses and certificate programmes in emerging areas suc

High input costs weighed on profit margins in FY25, says RBI study

The OPM of manufacturing firms moderated by 20 basis points (bps) from 14.4 in Fy24 to 14.2 per cent in Fy25

We are seeing significant traction in large deals: LTIMindtree CEO

Last month the company announced it has signed a $450 million deal with an agribusiness customer, this is one of the largest deals ever bagged by the firm since the merger

FinMin may restore dividend deductions for 22% corporate tax regime

Under the existing tax regime, domestic companies are taxed at three different rates depending on their chosen structure

KPIT stock slips 6% after mid-quarter update; should you buy, hold or sell?

KPIT said that the overall business environment continues to be uncertain with rising geopolitical concerns and ambiguity around the overall tariff scenario.

China urges BYD, EV rivals to end price war and avoid cost undercutting

The meeting was hosted by the Ministry of Industry and Information Technology, the market regulator and the top economic planning agency

IndiaAI Mission: Large IT, AI firms may not get govt nod to make LLMs

Meity says these firms can obtain GPUs on their own

Bengaluru tech workforce crosses 1 mn, ranks among top 12 global hubs: CBRE

Bengaluru is among the top 12 global technology hubs with a tech workforce in the IT city crossing the 1 million mark, according to CBRE. Real estate consultant CBRE has released a report, 'Global Tech Talent Guidebook 2025', which highlights global tech talent dynamics across 115 markets. The report evaluates these markets based on the availability, quality, and cost of tech talent and classifies them into three categories: Powerhouse (12 markets with large, deep, and highly competitive talent pools), Established (63 mature markets with consistent talent pipelines), and Emerging (40 growth-focused markets with improving capabilities). CBRE noted that the report identifies "Bengaluru as among the top 12 global tech powerhouses." Beijing, Boston, London, New York Metro, Paris, San Francisco Bay Area, Seattle, Shanghai, Singapore, Tokyo and Toronto are the other tech powerhouses. "Bengaluru is the largest tech talent market in the Asia-Pacific region, along with Beijing and Shanghai

Fund managers lapped up IT stocks in April after index correction

As per an analysis by Nuvama Alternative & Quantitative Research, companies in the information technology (IT) sector found favour among fund managers following a sharp correction in the IT index

Explained: Why are Sonata Software shares up 38% in 4 trading days?

On April 28, 2025, Sonata Software announced that it has secured a $73-million, five-year transformational engagement with a major US-based company in the Technology, Media, and Telecom (TMT) sector

Certified gains: More skills mean more rewards in India's IT sector

The Cloud training and consulting company questioned more than 800 respondents in 113 cities to explore IT skills' impact on career

IT companies using AI, GenAI to reduce client costs as budgets squeeze

This marks a shift in how cost savings are achieved in traditional IT projects, popularly known as the run-side

Wipro shares dip 6% on disappointing Q4 results; weak Q1 guidance

As per the management, client spends deteriorated toward the end of Q4, and Q1 could see further impact.