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Exporting services

India should sustain the momentum

'AI could replace the need for call centres': TCS CEO Krithivasan

K Krithivasan believes that the demand for IT talent will always increase and employment will not be in trouble

Wipro Q4 results: Profit declines 8%, guidance muted for next quarter

FY25 Q1 revenue growth forecast at -1.5 to +0.5%

Spending in IT sector to hit $139 bn in 2024, growing at 13.2%: Gartner

The growth is expected in all major segments, including software, devices, IT services, and data centre systems

GCCs, 3rd-party IT service providers driving demand for workspace: Report

International companies outsourcing jobs to India have become a major driver of office demand in the country with global capability centres and third-party IT service providers contributing 46 per cent to the total leasing of workspace during 2023, according to Knight Frank. Real estate consultant Knight Frank, in its latest report 'Asia Pacific Horizon: Harnessing the Potential of Offshoring', noted that the offshoring industry in India has grown significantly into a leading global service provider, accounting for 57 per cent of the global offshoring market. The consultant explained that the offshoring market involves companies outsourcing business processes or services to external providers located abroad, aiming to leverage cost savings, specialised skills, and operational efficiencies. The offshoring market, also known as Business Process Outsourcing (BPO), encompasses various models such as Global Capability Centres (GCCs) and Global Business Services (GBS). GCCs are internal

Centre notifies fact check unit under IT rules ahead of general elections

The notification came a week after the Bombay High Court refused to grant an interim stay on setting up an FCU under the IT Rules to identify fake and false content on social media

Wipro appoints Anne-Marie Rowland as CEO of Capco effective April 1

As CEO, Rowland will report to Delaporte and will become a member of Wipro's Executive Committee

Tech Mahindra, Pegatron ink MoU to develop AI-enabled private 5G networks

The partnership will enable the two companies to find global prospects collaboratively, with Pegatron offering the 5G connectivity layer and Tech Mahindra delivering end-to-end 5G services

Majority of Capgemini's 2 billion euros investment in AI coming to India

The other big focus of the investment for the firm is partnership and setting up CoEs. India has always been the centre point for the firm when it comes to CoEs. At present, the firm has over 100 CoEs

GCCs become attractive choice for talent on back of better pay, growth

According to talent management firm Randstad, there is a 20-25 per cent lateral movement of talent from IT firms to GCCs across sectors due to several factors that extend beyond salaries

'A large part of our Gen AI asset development happens from india'

Ghosh speaks on the sidelines of Nasscom Technology Leadership Forum in Mumbai, and shares India's role in driving the GenAI strategy

IT industry to grow 3.8% in FY24 to cross $250 billion, says Nasscom

FY24 growth coming at a slower pace, from a growth rate of 8.4% last year

'Avoid one size fits all' approach in deepfake regulation: BSA to Meity

BSA is a global alliance of software companies, including giants like Adobe, Cisco, Microsoft, IBM, and others. It has a presence in over 30 countries

IT giant TCS looks to double staff in France over next three years

TCS is aiming to double staff in France over the next three years as it sees handsome business growth in the European country, a senior official said on Thursday. At present, the largest Indian IT services company employs 1,600 people in France across four major centres in the country. France is among the fastest growing markets in Europe for TCS, growing much faster than the numbers it reports for the continent, its head of European business, Sapthagiri Chapalapalli, told PTI. Chapalapalli said TCS has been present in France for over three decades now and right now, it feels that the bulk of the groundwork is ready for a faster growth of the business going ahead. The business in France will "multiply" from here on by growing at an accelerated pace courtesy building blocks which have been put in place, he said. It has been working with 80 French clients across all major sectors which are key to the local economy and also runs an innovation centre in Paris. A bulk of its 1,600 sta

Mukund Rao joins engineering services firm Xoriant as prez, global markets

Prior to joining Xoriant, he was the Chief Business Officer of Banking, Financial Services at LTIMindtree

Persistent Systems aims to expand margins, to hire fewer freshers

Mid-tier IT services company Persistent Systems aims to visit fewer campuses for hiring freshers, a senior official said on Monday. Over the next three years, the company is also targeting to expand its operating profit margin by about 3 percentage points above the levels of about 14.5-15 per cent it aims to exit FY23, its chief financial officer Sunil Sapre told PTI. Speaking two days after the Pune-based company announced its December quarter earnings, Sapre said it is already carrying candidates who have been trained for 18 months in some cases and are yet to be deployed on projects, which is making it circumspect about fresher hiring in the new year. "We will be there at campuses, but we will do it (hire) more judiciously," Sapre said. When asked if he meant that the company will visit fewer campuses when he says judiciously, Sapre replied in the affirmative. He said that for the company, which added about 500 people to take its overall strength to 23,336, all the hiring is do

IT services emerge as top segment in global IT industry spending: Gartner

Indian IT spending to record a double-digit growth of 11.1% in 2024

We see GenAI as enhancer of total addressable market for us: Genpact CEO

In their first joint media interaction, Tyagarajan and Kalra speak about the company's legacy and the way forward in an interview with Ayushman Baruah

It's talent tug of war: Why Cognizant is in the crosshairs of top IT firms

Cognizant pulling top executives from rivals has triggered a legal battle at a time when the pie is shrinking

Bengaluru-based IT company Mphasis appoints new Europe & GBPS head

Mphasis specialises in cloud and cognitive services and is based in Bengaluru. It has recently launched a dedicated AI Business unit