Page 9 - It Industry

LTIMindtree and L&T Technology Services plug into high-growth nodes

Strategic reboots and fresh opportunities drive broker upgrades for the two L&T subsidiaries

Meity plans jobs push in proposed electronic components PLI scheme

The component scheme aims at adding value to electronics finished products from mobile devices, laptops, PCs and servers, among others

TCS launches Pace Studio in Philippines to drive digital innovation

TCS Pace Studio in Manila, the fifth of its kind globally, is part of an extensive innovation ecosystem of TCS Pace spanning major global cities

Nasscom announces SAP Labs India MD Sindhu Gangadharan as chairperson

IT industry body nasscom on Monday announced the appointment of SAP Labs India Managing Director Sindhu Gangadharan as its chairperson with immediate effect. Gangadharan takes the chair from Rajesh Nambiar, who has been appointed president-designate for nasscom (National Association of Software and Service Companies). "Nasscom has played a pivotal role in propelling India's emergence as a global innovation leader. With our nation's robust engineering R&D capabilities, innovative potential, and extensive digital talent pool, India is well-positioned to spearhead large-scale digital transformations that are sustainable and inclusive," she said. The first woman to lead SAP Labs India, Gangadharan was appointed as the Chair for nasscom GCC Council last year. A board member of Siemens India and Titan Company, she is also a member of the Steering Committee of the Indo-German Chamber of Commerce. Last week, Nambiar stepped down from IT firm Cognizant as its India MD and chairman. The ...

72% employers intend to hire freshers in second half of 2024: Report

The study also highlighted that employers were particularly seeking candidates with skills in cybersecurity, cloud computing, data analytics, and search engine optimisation

India's data centers to add 500 MW capacity in 4 years: Avendus Capital

The report, *Powering Digital India* Volume II, stated that the sector doubled from 540 MW in 2019 to 1,011 MW in 2023, making India one of the fastest-growing data centre markets globally

NITES files complaint against Infosys over delayed joining of 2k freshers

NITES alleged that despite fulfilling all requirements on their part, these professionals have been kept in limbo for more than two years, causing immense frustration, anxiety, and uncertainty

Demand for Indian AI talent to double by 2027 but quality a hurdle: Report

It proposes industry-academia-government collaboration to improve skilling around AI

Cognizant clarifies fresher salary issue, says 'grossly misrepresented'

The IT firm faced significant online backlash over the internet for its low fresher salary offering, with many comparing it to 2002 levels

Wipro expands partnership with Google Cloud to adopt AI tech Gemini

Wipro integrates Gemini models within its FullStride Cloud Studio Platform, and enables its associates on Google Cloud's latest GenAI tools

Govt to not give any relaxation in its Rs 32,000 cr GST demand on Infosys

Shares of Infosys, which were up 1.6% before the news amid a broader market rebound, briefly trimmed gains to about 0.3%

Tech layoffs 2024: IT companies lay off 100,000 employees till July 2024

Major IT firms such as Intel, Microsoft, Intuit, among others have laid off 124,517 employees across the globe till July this year

IT workers rally in Bengaluru to protest 14-hour workday proposal

The proposal was presented in a meeting called by the labour department with various stakeholders in the industry recently

87% cases filed with grievance committees under IT Rules resolved: MoS

The final decision of the GAC is binding on platforms and refusing to comply with the GAC can cost a platform its safe harbour protections

Intel shares to fall most in 24 years as it struggles with turnaround

Shares of the company were down about 20 per cent in premarket trading after Intel late forecast quarterly revenue below estimates

Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.5 bn

Cognizant has revised its full-year revenue growth guidance for FY24 from $19.3 billion to $19.5 billion, representing a growth of -0.5% to 1%

Hiring of freshers by IT companies likely to go off-campus in FY25

HR experts concurred that the fiscal year 2024-25 will be better than the last fiscal. The total intake from campuses for the sector may hover around 100,000-120,000, according to estimates by Xpheno

Over 30% GenAI projects won't survive beyond proof of concept: Gartner

A major challenge for organisations is to justify the substantial investment in GenAI for productivity enhancement, which can be difficult to directly translate into financial benefit, said Gartner

Crowdstrike blames defect in content update for massive global IT crash

The incident crashed Microsoft Windows computer systems around the world on Friday, taking down airline, banking and stock exchange operations from Australia and Japan to the UK

Delta Air Lines faces widespread flight cancellations after IT outage

Delta has offered no timetable for when normal operations would resume and has already canceled another 137 flights for Monday, according to FlightAware