Page 5 - It Industry

India likely to possess 46K graphics processing units in a fortnight

Results for the second round of GPU bidding were announced on Friday by Union Minister for Electronics and Information Technology Ashwini Vaishnaw

You should write code till late in life: Wayfair India's Rohit Kaila

Rohit Kaila talks about the centre's journey, how the lifecycle of a software developer is changing, and why an engineer must not stop coding

Semicon 2.0: India eyes 5% slice of global semiconductor chip pie by 2030

A senior official in the Ministry of Electronics and Information Technology (Meity) said: "We have just begun and have a long road ahead

Tata Consultancy Services emerges payout master in India's IT industry

TCS has cumulatively returned about ₹2.06 trillion to shareholders since 2020-21 (FY21), nearly matching its ₹2.07 trillion in net profit over the same period

Growth of mid-tier IT firms outshone that of larger rivals last year

Persistent, Coforge, and KPIT report double-digit growth while TCS and Infosys lag; faster AI adoption and sector focus help offset macroeconomic headwinds

Happiest Minds eyes double-digit growth in FY26 despite challenges

IT firm saw Q4 revenue flat due to a client exit, but expects BFS and healthcare to drive growth; 20-24 key accounts identified for $20 mn-plus revenue focus

Double contribution deal won't spur a spike in Indian IT workers sent to UK

Despite tax savings from UK-India FTA's social security waiver, analysts say high costs and limited incentives may not significantly boost Indian IT deployments to the UK

AI adoption still in early stages for most global enterprises: Accenture

Accenture says most firms are still experimenting with AI, with just 15 per cent beyond pilot stage; agentic systems expected to fuel the next major transformation

India-UK FTA: Double contribution convention pact to help Indian IT firms

IT industry body Nasscom said securing the DCC within the India-UK FTA is a crucial step and a big win for the Indian IT industry

Coforge bets on large deals to drive growth despite macro challenges

Despite travel market weakness and global macroeconomic concerns, Coforge expects BFSI, insurance and Gen AI-led deals to sustain strong momentum in FY26

Infosys to accelerate digital transformation at Yorkshire Building Society

Leveraging cloud, data, artificial intelligence, and cybersecurity solutions, Infosys will help Yorkshire Building Society achieve its 2030 strategic plan

CtrlS Datacenters to invest Rs 500 cr in setting up data centre in Bhopal

The company announced this milestone in a groundbreaking ceremony of its greenfield data centre. The ceremonial event took place during the Tech Growth Conclave 2025 on April 27 in Indore

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

BSE-listed Black Box wins ₹1,550 crore in orders in March quarter of FY25

The company cited robust demand across sectors and geographies, driven by ongoing IT modernisation and digital transformation initiatives

LTIMindtree Q4FY25 results: Net profit up 2.6% to ₹1,128.5 crore

Revenue was up 9.9 per cent to Rs 97,717 crore during the same period

Q4 results: HCLTech rewrites playbook for FY26 with tariffs in play

Firm expects revenue growth to be in the range of 2 to 5%

BSA CEO Espinel seeks rationalisation of software localisation norms

To bid for government projects in India, the government mandates that a certain percentage of the product, including software solutions, be made domestically

Zoho's Sridhar Vembu warns of fundamental reckoning in India's IT industry

Zoho's Sridhar Vembu has sounded an alarm about the future of India's software and IT services sector, arguing that the industry is facing a fundamental reckoningnot just a cyclical downturn or a challenge from artificial intelligence, but a structural shift that will reshape the next several decades. In a post on X, Vembu contended that inefficiencies in products and services have long plagued the global software industry. "My operating thesis: what we are seeing is not just a cyclical downturn and it is not just AI related. Even without the uncertainty induced by tariffs, there was trouble ahead. "The broader software industry has been quite inefficient, both in products and services. These inefficiencies have accumulated over decades of a prolonged asset bubble," Vembu, who stepped down as CEO in the IT firm in January to focus on R&D, wrote. He noted that India, as a major exporter of software and IT services, has adapted to and even relied on these inefficiencies, with ...

PLI for mobiles must extend beyond FY26: Bhagwati Products cofounder

Bhagwati Products targets ₹12,000 cr revenue in FY26

Govt working on 25 chipsets with Indian IPR to fight cyberattacks: Vaishnaw

Vaishnaw unravels the action on the ground and the move towards localisation