Page 7 - Information Technology

South India office market on the fast lane driven by IT sector, GCCs

Real estate management firm JLL reports that the combined share of southern cities in India's annual net absorption has remained between 54-56 per cent during 2022 and 2023

Govt continues curbs on import of unregistered IT, electronic goods

Rules referred to 2012 have been replaced with 2021 and there is no change in policy, says senior government official

IBM's open source models to help Saudi Arabia train AI systems in Arabic

To make money off the models, IBM offers a paid tool it calls Watsonx that helps run the models smoothly inside a data center after they have been customised

FPIs exit BFSI, information technology stocks in May's opening weeks

FPIs trim holdings, await positive signals; experts eye post-Budget opportunities amid election tension

Demand revival

Corporate results show growth momentum continues

Global investors' preference for AI hits India IT stocks' heft as tech bets

Traditional software companies' earnings and valuations are at risk because their business models are not evolving with the times, said Deven Choksey, managing director of DRChoksey FinServ Pvt

HDFC Bank's IT expense 7% of total spending, says senior executive

Digital investments part of lender's 'transformation journey', says Parag Rao

We are seeing great interest in AI, GenAI from clients: Sandeep Dutta

Sandeep Dutta, Senior Managing Director and Lead - India Business, Accenture, talks about the challenges faced by clients and how technologies like GenAI can help them stay ahead

17 firms under IT hardware PLI to start production this year: IT secy

Majority of personal computer and server makers selected under the IT hardware production-linked incentive scheme are expected to start production this year, a senior government official said on Friday. "... About 17 out of 27 PLI companies will start production this year. Around 6-7 of them started production last year and two have plans to start production next year," Ministry of Electronics and IT (MeitY) Secretary S Krishnan said on the sidelines of the inauguration of a new high-end computing server manufacturing unit of Netweb Technologies here. The government in November, 2023 approved the application of 27 companies, including Dell, HP, Foxconn, Lenovo, Netweb Technologies, under new production-linked incentive (PLI) scheme for IT hardware. Among the big names that have been granted approval under the IT hardware scheme are Flextronics, VVDN, and Optiemus. Other applicants that have received the green signal include Padget Electronics, SOJO Manufacturing Services, Goodworth,

Parseable raises $2.5 mn in seed round to expand log analytics services

Bengaluru-based company specialises in processing huge amounts of data generated by information technology systems

India's services exports growth enters slow lane in FY24: RBI data

Falls to 3-year low of 4.9%, but net services exports grow at 13.6%

RBI issues guidance note on operational risk management, resilience

The RBI said all REs must perform a risk assessment and due diligence before entering into any arrangements with third parties or external entities

Rapid adoption: India's BPM industry on cusp of revolution amid GenAI use

BPM industry has been growing faster than the IT services sector, which has been impacted by macroeconomic uncertainties

HCLTech Q4 preview: Here's what brokerages expect from IT major

Key factors, analysts believe, would be deal pipeline, pricing scenario, and outlook on growth, operating margins and products and platforms (P&P) business

Despite uncertainties, services exports grow 11.4% in 2023: UNCTAD report

India's services exports jumped 11.4 per cent to USD 345 billion in 2023 despite global economic uncertainties, while China's shipments from the sector contracted by 10.1 per cent to USD 381 billion, according to a UNCTAD report. Sectors that contribute to India's services export growth include travel, transport, medical and hospitality. With an 8.9 per cent annual rise in current dollar value terms, the world services exports surpassed USD 7.9 trillion in 2023, a quarterly bulletin of UNCTAD said. The leading exporters among developing economies include India, China, Singapore, Turkiye, Thailand, Mexico, and Saudi Arabia, it added. India's services imports, however, dipped marginally by 0.4 per cent to USD 248 billion last year. "The main driver of the YoY (year-on-year) rise of services exports in Q4 2023 was the ample growth of international travel receipts. In the post-COVID-19 recovery, travel receipts increased by 70 per cent in Asia (YoY)," the report said. Commenting on .

Continue co-op for countering misuse of information tech by terrorists: NSA

India will continue cooperation for countering misuse of information and communication technologies by terrorists and criminals, National Security Adviser Ajit Doval said on Wednesday as he called for international cooperation for an open, stable, secure, reliable and inclusive framework for ensuring information security. Speaking at a plenary session on Ensuring Information Security in the Polycentric World in St Petersburg, Doval underscored India's policy to use digital technology for inclusive economic development. Doval emphasised that India shall continue cooperation for countering misuse of information and communication technologies by terrorists and criminals, as also for countering terror funding. In that context, the UN Convention on cybercrime will be an important initiative at the international level, he said. He called for international cooperation for an open, stable, secure, reliable and inclusive framework for ensuring information security. Doval, who participated a

Snatching decline from the jaws of growth

If enforced, the law of Standing Orders will bureaucratise India's most dynamic sector

IT firms bracing for muted show amid weak global macros, tight spends

Indian IT companies are seen signing off FY24 on a subdued note with an uncertain global macroeconomic environment dragging tech demand and client spends, analysts said, forecasting modest commentary and cautious tone by the tech pack on FY25 outlook. The grand IT earnings season opens on Friday with results of Tata Consultancy Services (TCS), followed by Infosys scorecard on April 18 and Wipro on April 19. Tech Mahindra is scheduled to announce Q4 and full-year numbers on April 25, whereas HCL Technologies will declare its numbers on April 26. Emkay in its quarterly preview recently said subpar growth should persist in Q4 as muted demand trends continue on account of weak discretionary spending and cautious behavior by clients amid uncertain macros. It predicted FY24 ending on a "weak footing", and noted that recovery hope has shifted to the second half of FY25. "Global companies such as ACN (Accenture), CTSH (Cognizant Technology Solutions), and CAP (Capgemini) have also guided f

Tech talent war: Nearly 4,500 IT leaders switch jobs in 12 months

Chaos in C-Suite sees 4.5% leadership churn in IT services: Xpheno

Wipro CEO Thierry Delaporte steps down, Srini Pallia takes charge

Delaporte will continue in his role until the end of May, working closely with incoming CEO Pallia and Wipro Chairman Rishad Premji