Page 9 - Information Technology

First made-in-India chip to be out by December, says IT minister Vaishnaw

The first made-in-India chip will be out by December, Union Minister Ashwini Vaishnaw said here, crediting Prime Minister Narendra Modi for developing a very strong semiconductor industry in the country in a short span of time with focus on the entire ecosystem. Speaking to PTI at the World Economic Forum Annual Meeting 2024, the minister said PM Modi launched a semiconductor policy in January 2022, adding that when he met senior representatives of the industry here, the one thing they all were surprised about was how this much work could be done in such a short time. "They all appreciated the policy and the fact that PM Modi has always stressed on creating a comprehensive ecosystem because not many countries have this kind of policy and therefore they could not get such success," he said. The Minister for Communications as well as Electronics and Information Technology said the prime minister has always focussed on developing an ecosystem where there is a lot of focus on ...

L&T Technology retains full-year forecast after all units post Q3 growth

(Reuters) - Indian tech services provider L&T Technology Services retained its revenue growth forecast for the current financial year on Tuesday as all its five business verticals posted year-on-year growth for the third quarter.

Earnings-equity valuation gap of Indian IT companies widens, shows data

The combined net profit of TCS, Infosys, Wipro, and HCL Technologies was down 1.5 per cent year-on-year (Y-o-Y) in the December quarter

90% of Indian biz leaders planning to invest more in AI, Gen AI: Capgemini

Capgemini's survey included business leaders from 2,000 organisations in 15 countries across sectors such as automotive, consumer products, banking, capital markets, life sciences, etc

2024 to be year of technolgy absorption: Army Chief General Manoj Pande

General Manoj Pande, Chief of Army Staff on Monday extended his greetings on the occasion of 76th Army Day

Crypto players see surge in activity after crackdown on global companies

The Financial Intelligence Unit (FIU) under the finance ministry issued the show cause notices to VDA platforms like Binance, the largest cryptocurrency exchange, and Kucoin last month

Govt officials, experts brainstorm on use of AI for grievance redressal

Senior government officials and industry experts discussed the use of artificial intelligence (AI) for redressal of public grievances and promotion of universalised face authentication processes for simplification of service delivery during a brainstorming session, said an official statement issued on Friday. The session -- 'Emerging and Future e-Governance Initiatives, e-Commerce Initiatives, and Emerging Technologies' -- was organised by the Department of Administrative Reforms and Public Grievances (DARPG) here on Thursday. The session marked a significant effort to promote knowledge exchange among key players in the realm of e-service delivery, e-governance and innovative technology implementation, said the statement issued by the Personnel Ministry. Fifteen domain experts and distinguished representatives from leading organisations, including Deloitte, PwC, Primus Partners, KPMG, QCI, and EY attended the session along with the Department of Administrative Reforms and Public ...

MeitY unveils domain registration portal for educational institutions

Secretary Krishnan also inaugurated the new conference hall of ERNET India and interacted with officers and staff on the occasion

Deepfake issue: Govt will keep an eye on platforms' approach, says MoS IT

Terming the menace of deepfakes and misinformation as "a very problematic issue" for the Indian democracy, Union Minister Rajeev Chandrasekhar has said the government will "keep an eye" on the remedial measures taken by the platforms on the advisories. The minister also promised that inaction on their part may prompt amendment to the IT Rules that will be more "prescriptive". In an interview with PTI, Chandrasekhar, who is Minister of State for IT and Electronics, counted the Digital Personal Data Protection (DPDP) legislation, setting up of grievances appellate panels and tighter accountability enforced on digital platforms for user safety as being among the big achievements for 2023. Chandrasekhar, however, said that the Digital India Act (that will supersede the 22-year-old Information Technology Act) despite undergoing extensive pre-consultations "ran out of time" and termed it "an unfinished agenda". "...The Digital India Act which we put a lot of effort into...spent almost a

For salary hikes, IT firms now considering tenure along with performance

The IT majors are making changes in their pay increment structure to maintain margins at a time when the sector is going through a tough time globally

Here's how govt's PLI scheme is fuelling Dixon Technologies' global dreams

The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology hardware brand in India

The world is not flat

Despite the illusions that ICTs have levelled the global playing field for companies and nations, the reality is quite the opposite

IT hiring easier than last year; founders hopeful of resumption in funding

Even as the technology sector witnessed a decline in funding across the globe, founders are hopeful that a 'warmer funding season' is on its way in 2024

Nifty IT logs biggest two-day gain since July 2020; Sensex soars past 71K

Bellwether stocks Tata Consultancy Services, Infosys, and HCL Technologies each witnessed a 5 per cent jump on Friday, accounting for over half of the market gains

Wipro inks three-year cloud migration deal with insurance company RSA

Wipro said it will help RSA build a "compliant, secure, and scalable IT infrastructure". The three-year engagement builds on Wipro and RSA's existing relationship, which began in 2016

GPAI summit 2023: Talks over AI declaration on, says Ashwini Vaishnaw

Talking about the summit, Vaishnaw said, "This (GPAI) will be a very large congregation attended by startups, policymakers, academia, and others"

Esconet Tech aims 3-fold jump in revenue to Rs 300 crore by March 2026

IT solution firm Esconet Technologies Ltd is aiming to achieve a three-fold jump in revenue to Rs 300 crore by March 2026 and plans to launch a public issue to raise funds for expansion. The company posted a revenue of Rs 94.97 crore and a Profit After Tax (PAT) of Rs 3.03 crore in 2022-23. In the first half of this year, the company posted a revenue of Rs 71.46 crore and a PAT of Rs 3.05 crore. In a statement, Esconet said it plans to expand its manufacturing capacity comprising high-end servers, workstations and storage systems. It is also expanding its Private Cloud vertical, further strengthening its integrated solutions offerings. "To meet the capex and working capital needs to support expanding operations, the company plans to tap the capital markets -- through listing on NSE Emerge," the company said. Corporate Capital Ventures has been appointed as the book running lead manager to the issue. "Driven by unwavering commitment in providing innovative and reliable solutions to

Mobile manufacturing to hit $50 billion in FY24: Ashwini Vaishnaw

Overall, electronic exports from the country stood at $15.77 billion in FY24. In the previous year, this was $28 billion

Need guardrails to ensure that AI can never be misused: Chandrasekhar

"We see AI as a kinetic enabler for the $1 trillion digital economy goal that we set for ourselves as a nation. So, it's a very big deal for us," said Chandrasekhar

Mobile phone PLI has created 500k incremental jobs: Ashwini Vaishnaw

As many as 5,000 people will work to manufacture smartphones and feature phones at a large scale in the new unit, Vaishnaw said