Page 20 - Information Technology
Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr
FMCG, construction materials were among other sectors to see large outflow, while metals, power, discretionary consumption and telecom saw inflows
 "Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr")
Warning to Twitter aimed at 'securing internet' in India: Govt sources
The sources said Twitter has repeatedly violated directions issued under the IT Act
 "Warning to Twitter aimed at 'securing internet' in India: Govt sources")
Cert-In extends deadline for VPN cybersecurity norms till Sept 25
CERT-In directions, released on April 28, mandate service providers to keep records of every information and communication technology (ICT) transaction for a minimum of 180 days
 "Cert-In extends deadline for VPN cybersecurity norms till Sept 25")
RBI warns of risks from cross-border outsourcing of IT services
The RBI's observations come at a time when it is considering a mandate for domestic processing of payment transactions in order to ring-fence India's local payment systems.
 "RBI warns of risks from cross-border outsourcing of IT services")
Govt declares ICICI Bank's IT resources as 'critical information infra'
The government has declared the IT resources of ICICI Bank as 'critical information infra'. Any harm to it can have impact on national security and any unauthorised person accessing it may be jailed
 "Govt declares ICICI Bank's IT resources as 'critical information infra'")
Kerala ranks first in India in providing public services via IT: CM Vijayan
Kerala was able to achieve the highest score among the other states and union territories, due to its ability to use information technology to better manage government services, the NeSDA report said.
 "Kerala ranks first in India in providing public services via IT: CM Vijayan")
India-based developers may leave their jobs in droves, shows survey
The survey covered over 2,500 developers from 94 countries (including the US, India, Germany, Canada, and UK)
 "India-based developers may leave their jobs in droves, shows survey")
Wage cost inflation may moderate IT players' profit margins by 1.5%
The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most IT companies in FY22
 "Wage cost inflation may moderate IT players' profit margins by 1.5%")
A lot has changed since decades-old IT Act: Chandrasekaran at TCS AGM
Tata Sons chairman says Digital India Act need of the hour
 "A lot has changed since decades-old IT Act: Chandrasekaran at TCS AGM")
India weighs appellate panel to hear grievances for social media takedowns
India is considering whether to set up an appellate panel to hear grievances by social media users against operators' decisions to take down content
 "India weighs appellate panel to hear grievances for social media takedowns")
From double-digit hikes to promotions, India's IT talent takes the cake
The salary increases are not restricted to the Indian IT industry. Globally too, tech talent is being rewarded as never before
Cloud-based digital solutions to empower Indian ITeS sector: Experts
Cloud-based digital solutions will enhance agility, empower hybrid workspaces and facilitate intellectual property-led innovation for the information technology-enabled services sector in India
 "Cloud-based digital solutions to empower Indian ITeS sector: Experts")
Happiest Minds Tech net income up 45% to Rs 52 crore amid high attrition
During the quarter, the mid-sized software firm said, its revenue rose to Rs 310 crore, clipping at 38.8 per cent year-on-year and 6.2 per cent sequentially
 "Happiest Minds Tech net income up 45% to Rs 52 crore amid high attrition")
From fleet to marketing, Alliance Air plots strategy for life beyond AI
Experts point out that profitability will be a challenge for the airline especially in view of high fuel prices
 "From fleet to marketing, Alliance Air plots strategy for life beyond AI")
A cross-industry collaboration takes shape to combat misinformation
Misinformation Combat Alliance to work on targeted intervention, media literacy
 "A cross-industry collaboration takes shape to combat misinformation")
Valuations for IT players at lower levels to forward EPS on PEG basis
Accenture's results points to sustained growth trajectory
 "Valuations for IT players at lower levels to forward EPS on PEG basis")
Tech-ready: HDFC Bank lines up digital launches in two-three quarters
In the upcoming two/three quarters, the bank is looking to launch a revised version of its payment app, PayZapp
 "Tech-ready: HDFC Bank lines up digital launches in two-three quarters")
IT, banking, energy topped selloff in Feb as FPIs pulled out $4.7 bn
Selling was seen in most sectors save metals and mining, pharma and telecom
Indian IT revenues grow fastest in a decade to $227 bn in pandemic-hit FY22
Nasscom, which has ceased to give a growth projection for the future, said that a chief executives' survey pointed to another growth year.
 "Indian IT revenues grow fastest in a decade to $227 bn in pandemic-hit FY22")
Will Indian IT industry sustain its growth momentum?
The contribution of IT sector in India's GDP rose from 1.2% in 1998 to 10% in 2019. It has made its presence felt globally too. Here's a report on the Indian IT sector and the road ahead for it
 "Will Indian IT industry sustain its growth momentum?")