Page 3 - Information Technology

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.

Citizens Financial Group to set up its GCC in Hyderabad with Cognizant

The centre is expected to scale to a headcount of 1,000 information technology and data & analytics professionals by March 2026

Mastek surges 15% on heavy volumes; Rebounds 21% from Monday's low

A combined 3.46 million equity shares representing 11 per cent of total equity of Mastek have changed hands on the NSE and BSE till 02:49 PM

IT shares under pressure; Wipro, Mphasis, Coforge down by up to 5%

In the past five days, the BSE IT index has slipped nearly 10 per cent, and it has tanked 26 per cent thus far in calendar year 2025.

Indian economy could gain $1 trillion from AI, says Nishikant Dubey

Nishikant Dubey said the panel at its meeting on Wednesday deliberated on the impact of Artificial Intelligence on banking, revenue and other related sectors

Ashwini Vaishnaw unveils major infra, IT initiatives at Advantage Assam 2.0

Union Minister of Railways, Electronics & Information Technology, and Information & Broadcasting, Ashwini Vaishnaw participated in the Advantage Assam 2.0 Investment and Infrastructure Summit held in Guwahati and announced several key initiatives and projects aimed at accelerating the growth of the railway and IT industries in the region.Highlighting the government's commitment to enhancing infrastructure and industrialization, Vaishnaw described the North East as the "New Engine" for India's development. He unveiled plans for a new semiconductor plant in Assam, reinforcing the state's growing role in electronics and semiconductor manufacturing.Additionally, he announced that Guwahati Railway Station would be transformed into a new IT hub, further strengthening the region's digital infrastructure.The Minister underscored the government's success in constructing 1,824 km of new railway tracks in Assam and the North East since 2014. He also noted the commissioning of two ...

Trump tariffs cast shadow over access to vital elements for tech sector

Lithium and other elements that the US needs for vital defence, energy and other applications could become harder to obtain if the Trump administration goes ahead with tariffs and other protectionist policies aimed at China. China refines more than 90% of the global supply of so-called rare earth elements, which include neodymium and dysprosium. Not actually rare, these 17 elements are difficult to mine and refine because they're not often found in concentrated deposits. Some elements, like Lithium, are usually mentioned along with rare earth elements, because they are also critical for the tech sector. Without them, cellphones wouldn't vibrate and computer hard drives wouldn't operate. They're used in wind turbines, electric cars and other industries the US has sought to develop. The US imports more than 80% of its rare earth elements, with most of those imports coming from China. A trade war impacts cellphone and other tech companies making their products in China when they have t

Govt keen on innovation-driven AI, its responsible use: MeitY Secy Krishnan

Krishnan said the next AI summit will be hosted in India later this year

India's local foundational AI platform expected in 10 months, says Vaishnaw

India may be able to develop its own high-end computing chipset, known as GPUs, in the next 3-5 years while a local foundational AI platform is expected in 10 months, Union Minister Ashwini Vaishnaw said on Tuesday. During a Budget Roundtable 2025 organised by India Today & Business Today, Vaishnaw said that the government will make available 18,000 high-end GPU-based compute facilities for AI development to entities in the country in the next couple of days and expects India's own AI platform within 10 months. "We are working on multiple, actually three options, where we take a chipset which is at some reasonable level available in open source or available as a licensed thing, and then build upon that to build our own GPU. That's the approach the entire world has followed and that approach will be able to give us India's own GPU in the time frame of three to five years," Vaishnaw said. GPUs (graphics processing units) were earlier used for processing multimedia content where a ...

KFin Technologies Q3 results: Net profit rises 35% to Rs 90 crore

KFin Technologies Ltd on Thursday reported a 35 per cent year-on-year surge in profit after tax to Rs 90.18 crore for three months ended December 2024. The company had posted a profit after tax (PAT) of Rs 66.83 crore in the year-ago period, KFin Technologies said in a statement. Revenue from operations stood at Rs 290 crore in the October-December quarter of the current financial year (FY25), a surge of 32.6 per cent from Rs 218.72 crore in the year-ago period. "Our focus on consistent growth and profitability has led to yet another quarter of resilient performance, aided by new client wins internationally and domestically, across our diversified business segments," Sreekanth Nadella, Managing Director and CEO, KFin Technologies, said. For the nine months of FY25, the company's PAT stood at Rs 247.57 crore, marking a 44.3 per cent year-on-year increase, and Revenue from operations was at Rs 808 crore, up 32.6 per cent from the same period preceding fiscal.

HCLTech Q3 Preview: Revenue may jump up to Rs 30,200 cr; PAT to rise 5-10%

HCLTech's Q3FY25 performance is expected to reflect steady growth despite industry challenges such as furloughs and cross-currency headwinds

Social media opened avenues to verify info, strengthened democracy: PM Modi

Prime Minister Narendra Modi said social media has strengthened democracy by opening up ways to verify information which earlier was available from a handful of sources with little alternatives. In an interaction with Zerodha founder Nikhil Kamath, Modi said earlier there were very few persons who used to report on events and their version was considered as the truth. "You were trapped as there was no opportunity to seek verification. But, today you have an alternative to verify information on different platforms. Everything is available on your mobile phone," Modi said. "If you pay little attention, you can find out the truth. This is the reason that social media can strengthen democracy," he said. The prime minister said youngsters have the tendency to verify information on social media before believing anything as the truth. Modi said he was amazed to see the amount of interest the youngsters have shown in developments in the space sector. "Chandrayaan's success has created a

Mphasis share pops 3% as Jefferies initiates with 'Buy', sees 21% upside

The northward move in Mphasis share price came after New York-based financial services company Jefferies initiated coverage with 'Buy' for a target price of Rs 3,460 per share