Page 21 - It Sector

Super apps to help conversational commerce market reach $135 bn by 2027

As super apps slowly become a reality, the global spend via conversational commerce will reach $135 billion by 2027, rising from $39 billion in 2023, a report showed on Tuesday.

Cautious outlook

Activity in IT sector is expected to slow

SoftBank Group reports massive $5.9 bn net loss amid global tech meltdown

There is no respite for SoftBank Group in the ongoing global tech meltdown as the Japanese investment giant on Tuesday reported a massive around $5.9 billion net loss

Infosys to partner with GE Digital for grid transformation solutions

Work will help operators realise a more reliable and sustainable grid, say companies

Life after layoffs: Disbelief, confusion and a fight for survival

As they cope with grief and a feeling of loss, many of those let go by firms are turning to therapy

Give incentives for sectors impacted by economic meltdown: IT leaders

ICEA recommended reducing the inputs of the open cell at zero duty

IT and start-up hiring to stay muted in 2023, niche tech roles to keep pace

This layoff period, coupled with a lull in hiring, is expected to last over the next two or three quarters, say experts

Google cuts add to tech wipeout that has claimed over 100,000 jobs

Big tech companies benefitted from boom in e-commerce sector that kicked off during Covid lockdowns in 2020 but now they are reporting declining growth rates as customer behavior returns to normal

Digital India Act to be more principle-based: MoS IT Chandrasekhar

The ministry of electronics and IT has introduced the Digital Personal Data Protection Bill, the National Data Governance Framework policy, and IT Rules, 2021, in the last two years

TMS Ep347: IT Q3 results, Auto Expo 2023, markets, Ganga Vilas cruise

What do IT results indicate about the sector's future? What makes Auto Expo 2023 different? Will the rupee continue to gain strength? What is the Ganga Vilas cruise? All answers here

Wipro follows IT trend, logs 2.8% rise in Q3 consolidated net profit

Top IT players Q3 reports show resilience in strategy, beat macro uncertainty

IT may turn the corner, banks' outperformance to continue: ABSL AMC CEO

India is likely to see broader economic growth going forward, equity should be the preferred asset class, the Aditya Birla Sun Life Asset Management Company CEO says

Q3 earnings from IT majors, macro data to drive markets this week: Analysts

Trend in the equity market will be guided by a host of factors lined up this week, including inflation numbers, IIP data and quarterly earnings from IT majors, analysts said. Global cues, movement of the rupee, Brent crude oil and foreign funds will also influence Dalal Street this week, they added. "We have important macroeconomic numbers this week, as our IIP and CPI inflation will be announced on January 12. On the same day, China and the US will also come out with their inflation figures. "The Q3 earnings season will kick off with IT major earnings this week, including TCS, Infosys and HCL Tech," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Last week, the Sensex lost 940.37 points or 1.55 per cent, while the Nifty declined 245.85 points or 1.36 per cent. The Indian equity markets have begun the New Year on a slightly cautious note, in line with the global markets, continuing the trend visible in December 2022, said Milind Muchhala, Executive Director, Julius

Age of celebration of tech for tech's sake is over, says MS CEO Nadella

Suggesting that the age of celebration of technology for technology's sake is over, Microsoft Chairman and CEO Satya Nadella on Thursday said it is now about technology and its use for everyone in the world, where India can contribute immensely. Speaking at the 'Microsoft Future Ready Technology Summit' here, he also highlighted the "magic" of government programmes and India Stack "co-evolving" in the country. "I had a chance to have a brief conversation with the Prime Minister yesterday, his vision and all the programmes, the yojanas and the India Stack. In fact the thing I'm realising is the magic of India Stack, because everything needs feedback. The yojanas or the policy and the technology stack co-evolving, that's just like a virtuous cycle that is unlike anything I have seen and it's just tremendous," Nadella said. He said, "I absolutely think both of these are perhaps the greatest contributions that India can make to the world quite frankly. The idea that there is digital ...

TMS Ep339: Online gaming, EV revolution, IT sector, Digital University

Will self-regulation work for online gaming in India? Will commercial vehicles drive the EV revolution? Will IT sector succumb to global headwinds? What's the National Digital University? Answers here

Indian firms lead in intending to hire first-time jobseekers: Report

IT sector expected to hire 100,000 freshers in FY23 to meet the rising demand

Amid global recession fears, IT firms may go slow on hiring in 2023: Report

The hiring rate for the IT sector is likely to grow by only 10 per cent in 2023, almost half of the 15-20 per cent rise seen this year

Data Bill to cause a behavioural change in firms: Rajeev Chandrasekhar

MeitY to come up with all rules of the bill before tabling the bill in the parliament: MoS IT

Flexi staffing grew 6% in July-Sept, added 78,000 new jobs: Report

78,000 new workers added in this period, marking third straight quarter of growth

I'm last of the jokers left; no plan B after I leave Infosys: Nilekani

'I was completely wrong,' Murthy rues not allowing founders' children to join the company