Page 10 - Nasscom

Digital maturity is a journey with moving goalposts, shows data

The study reveals nuances of what makes a mature digital enterprise

Cloud adoption can add $380 bn to India's GDP, create 14 mn jobs: Nasscom

Large-scale adoption of Cloud has the potential to contribute $380 billion to the countrys gross domestic product (GDP), creating 14 million direct and indirect employment opportunities by 2026

Funding in startups drops by 17% to USD 6 billion in April-June: Nasscom

Funding in startups dropped by 17 per cent on quarter-on-quarter basis to USD 6 billion (about Rs 47,800 crore) in the April-June period, industry body Nasscom has said

Funding in startup dropped by 17% to $6 billion in April-June: Nasscom

According to the Nasscom, deals also dropped by about 17 per cent due to dampened market sentiments but despite reduction in deal value, funding in growth stage continued to increase.

Indian tech sector hired 200K Americans, helped US generate $103 bn in 2021

The Indian technology companies have contributed over $1.1 billion and developed partnerships with nearly 180 institutions in the US

Cosmetics firm L'Oreal ties up with Nasscom to innovate business operations

Joint initiative to explore potential application of AI, ML IoT and AR/VR in cosmetics and dermatology, and product development and personalisation at L'Oreal

India's investments in AI to cross $880 mn by 2023: NASSCOM report

The global artificial intelligence investments have doubled in the last year, but India's share in global AI investment remains at 1.5%, the NASSCOM report said

AI adoption to add $500 billion to India's GDP by 2025: Nasscom report

The AI adoption in four key sectors -- BFSI, consumer packaged goods (CPG) and retail, healthcare, and industrials/automotive -- can contribute 60 per cent of the total $ 500 billion opportunity

Tech industry comfortable with hybrid work model: Nasscom-BCG report

Over 80 percent of the IT companies and GCCs are most likely to adopt a hybrid work model as compared to the rest of the industry segments

Nasscom appoints Krishnan Ramanujam as Chairperson for 2022-23

Krishnan was the Vice Chairperson of the body. He succeeds Accenture's Senior Managing Director in India Rekha M Menon, who had served as the Chairperson for 2021-22.

Software products sector a key growth driver for India, shows data

The sector has the potential to further leverage new and emerging technologies and unleash its untapped potential.

What is attracting IT giants to smaller cities?

Tech companies are venturing into smaller cities in search of talents. And they are finding many in cities like Coimbatore, Bhubaneswar, Lucknow and Jaipur. What are the reasons for this trend?

Equinix to invest $9 mn to acquire land parcel in Chennai for expansion

In Asia-Pacific, Equinix currently has 52 IBX data centers in key metros across Australia, China, Hong Kong, India, Japan, Korea and Singapore

Nasscom, Microsoft announce 2nd 'AI Gamechangers' to boost AI adoption

In a bid to accelerate AI (artificial intelligence) adoption in India, Nasscom and Microsoft on Wednesday announced the second edition of the 'AI Gamechangers' awards

India has third-largest ecosystem for start-ups: Nasscom Official

'The number of start-ups is growing significantly in the country with ten per cent being added every year'

IT industry on the road to becoming $350 bn in revenue terms by 2026

The aspirational target of $350 billion by 2026 also means that the industry will have to maintain growth in the double-digit range of 11-14 per cent

Nasscom feels attrition problem in IT sector may have hit its peak

'If one looks at the data from the top-10 IT companies for the December quarter announced recently, attrition levels seem to be plateauing if not trending down'

Indian IT crosses $200-bn revenue mark, hits $227 bn in FY22: Nasscom

The industry added 450,000 new hires in FY22, the highest ever taking the total direct employee base of the industry to 5 million.

Budget sets tone for making India a global hub in tech innovation: Nasscom

IT industry body Nasscom on Tuesday said the Union Budget 2022 sets the tone for India's 'techade' and establishing the country as a global hub in terms of technology innovation. The IT body said while there were certain areas that were left unaddressed like enabling clarifications to allow units in SEZs flexibility to adopt hybrid work model and taxing employees only when they sell the shares, overall this is a healthy budget with a focus towards the future. "Strengthening the collective vision for an inclusive Digital Bharat, the Union Budget 2022 sets the tone for India's techade. The government's sharp focus on technology-enabled development and aligned investments in key sectors like healthcare, fintech, education, infrastructure, R&D, start-ups, agriculture and manufacturing is a testament to India's technology prowess and the capabilities of the Indian technology industry to provide a fillip to sectors across," Nasscom said in a statement. It added that the budget ...

Assets under management for ESG funds up 2.5 times in FY21: Nasscom

Assets under management for environmental, social and governance (ESG) funds increased 2.5 times to $650 million in India in financial year 2021, a top official of IT industry body Nasscom said