Page 24 - Information Technology

Govt invites EoIs by April 30 to set up display fabrication units in India

According to experts, the technology is held by a select few companies in China, South Korea, Taiwan, and Japan

India, Finland announce digital partnership in IT, mobile technology

Prime Minister Narendra Modi and his Finnish counterpart Sanna Marin announced a digital partnership in information and communications technology, future mobile technologies and digital education

Nervous government explores ways to 'manage' media

The efforts betray the nervousness of a government unable to sell its 'positive' governance narrative at home and abroad

Software royalty likely to cost Centre Rs 5,000 crore every year

According to sources, the department is examining the court's ruling and seeking legal opinion on it.

IT sector sales rise 5.2% in third quarter, shows RBI data

Information technology (IT) sector remained in the positive terrain throughout the Covid-19 pandemic period

Hong Kong's Hang Seng Index set for biggest overhaul in 51 years

In 2019, the information technology sector overtook financials as the index's largest industry by market value

Big Brother syndrome

New rules for digital media have troubling implications

Pandemic forced Indian biz to rely on cloud tech more than ever before

An NTT report on cloud technology says about 89 per cent of Indian businesses agree that the pandemic has forced their business to rely on technology more than ever before

Learning to code in the mother tongue

If millions can learn to code in their own languages, they will be able to create livelihood options for themselves in the same way that affordable mobiles and data did

Tech security reimagined: How password-less authentication works

Firms are adopting zero-trust and password-less authentication to combat the enhanced threat landscape in remote work

Tech Mahindra to support IT transformation for Telefonica Germany/O2

The firm announced a strategic partnership with Telefonica Germany/Oz to drive its end-to-end IT transformation

Asian chipmakers rush to boost production to meet global shortage

Consumer demand in China, especially for cars, has snapped back unexpectedly quickly from the coronavirus crisis

IT firm CSM Technologies inks $5.5-million deal in Ethiopia

The deal is for the design and implementation of Integrated Land Management Information System, a paperless and contactless interface for investors to access land-related services

India has potential to create Aatmanirbhar secured internet, says ITI forum

India now has the potential to create its own secured internet by setting up a root server locally for less than Rs 10 crore, according to state-run ITI and industry platform IPv6 Forum.

Cyient reports 12% fall in net profit to Rs 95 crore for Dec quarter

IT firm Cyient on Thursday reported a 11.9 per cent decline in net profit at Rs 95.4 crore for the December 2020 quarter. The Hyderabad-based company had posted a net profit of Rs 108.3 crore in the year-ago period, Cyient said in a regulatory filing. Its revenue decreased 5.6 per cent to Rs 1,044.3 crore for the period under review as against Rs 1,106 crore in the third quarter of 2019-20, it added. On sequential basis, net profit was higher by 13.8 per cent from Rs 83.9 crore, while revenue was higher by 4.1 per cent from Rs 1,003.3 crore in September 2020 quarter. "PAT increased by 13.8 per cent quarter-on-quarter primarily from higher other income (Rs 126 million) partially offset by higher tax from higher profits and increase in finance charges," it said. In dollar terms, Cyient's revenue was at USD 141.4 million, up 4.7 per cent q-o-q and a de-growth of 8.9 per cent year-on-year, it said. "Q3 FY21 results are in line with our expectations, we recorded a revenue of USD 141.4

L&T Technology Services third quarter net profit falls 8.8% to Rs 186.1 cr

Larsen & Toubro Technology Services (LTTS) on Wednesday posted an 8.8 per cent decline in consolidated net profit to Rs 186.1 crore for the December 2020 quarter. The company had registered a net profit of Rs 204.1 crore in the year-ago period, it said in a regulatory filing. Its revenue fell 1.6 per cent to Rs 1,400.7 crore in the quarter under review from Rs 1,422.9 crore a year ago, it added. On a sequential basis, the net profit was higher by 12.4 per cent from Rs 165.5 crore, while revenue increased 6.6 per cent from Rs 1,313.8 crore in the September 2020 quarter. "Our Q3 results marked another quarter of resilient performance with growth in revenue, deal wins, operating margin and free cash flow. All five of our industry segments grew sequentially, while three segments - Industrial Products, Plant Engineering and Telecom & Hitech grew over 5 per cent," LTTS CEO and Managing Director Keshab Panda said. Large deal bookings were the highest ever, helped by the marquee USD ..

Most Indian IT firms to post high single-digit growth in 2021: Balakrishnan

The year 2021 will be good for India's information technology sector and most of the companies in the space are expected to clock high single digit growth, said industry veteran V Balakrishnan

Banking on Budget: Hope and reforms amid pandemic and fiscal deficit

The government has taken laudable steps to support and propel the economy in these difficult times, but a lot more still needs to be done, writes Vikas Vasal

IT sector's return to office will be gradual, not 100% in 2021

Information technology companies' return to office in 2021 will be gradual with no perceptible change by end of March

IT sector likely to get a booster shot as firms plan to spend more

IT spending is expected to get a further boost as a majority of the clients would reprioritise spending to strengthen digital capabilities