Page 7 - Nasscom

An inflexion point

IT industry can change fundamentally

Sun Life Financial's GCC to hire 1k people in India, Philippines in 2 years

Hiring comes at a time when GCCs in India expanding. According to the latest Nasscom-Zinnov report, India had 1,580 unique GCCs as of FY23

Vendanta Group to leverage startups' tech under pact with Meity-Nasscom

Conglomerate Vendanta Group plans to leverage technologies developed by startups under a partnership with Meity-Nascomm Centre of Excellence, a joint statement said on Monday. Vendanta Group's corporate innovation, accelerator and ventures programme Vedanta Spark has entered into a collaboration with the Ministry of Electronics & Information Technology (MeitY) and Nasscom's Centre of Excellence (CoE) - IoT & AI, to accelerate the adoption of digital technologies-led innovations. "Vedanta's engagement with Nasscom CoE will enable innovative startups to demonstrate and develop their product in our unique ecosystem. Vedanta Spark looks forward to bringing in accelerated value delivery across our operations with the key goal being to utilize emerging technology to find solutions that will contribute to long-term environmental, social, and economic sustainability," Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited, and Non-Executive Director, Vedanta Limited, said in a ...

TMS Ep453: NASSCOM AI regulation, spam calls, markets, cyclones categories

Is Nasscom's attempt at AI regulation enough? Are financial service providers licensed to spam? Will El Nino-related worries trigger a market correction? How are cyclones named and categorised?

Top Headlines: Byju's says lenders faked debt crisis, Tesla in India & more

Business Standard brings you top news at this hour

Nasscom releases normative guidelines on generative artificial intelligence

The document of guidelines says it intends to build stakeholder consensus on the core normative obligations among stakeholders and is not an operational manual or guidebook

India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report

Collaboration and customer-centric business development among factors enabling country's capacity

IT employees union NITES urges Nasscom to act against job frauds

NITES in a letter to NASSCOM sai the increasing number of frauds and scams are targeting thousands of fresher's and experienced employees in the IT sector

Strategic Trade Dialogue: India, US discuss dual-use export controls issue

Dual-use goods can be used for both civilian military applications. Countries often impose export controls on dual-use items as well as military goods over national security concerns

'Demand signal is very high with generative AI', says Anant Maheshwari

'I have been part of the Nasscom executive council (EC) since 2017'

Nasscom appoints Microsoft India President Anant Maheshwari as Chairperson

IT industry's apex trade body Nasscom on Tuesday announced the appointment of Anant Maheshwari, President, Microsoft India as its chairperson for 2023-24

Nasscom appoints Microsoft's Anant Maheshwari as new chairperson

Rajesh Nambiar will be 2023-24 vice chairperson at group that represents India's IT services sector

Indian tech SME revenue to reach $40 billion by FY30, says Nasscom

Digital tech SMEs - which offer cloud services, advanced analytics, and AI solutions - will account for 35-40 per cent of overall tech SME revenue by FY30

Tech SME sector revenue to reach $40 bn by FY30, says Nasscom report

North America accounts for 50-55 per cent of the Indian tech SME revenue with specific focus around niche cloud, AI, IoT, and SaaS products

Planning a 'negative list' of nations for cross border data transfer: Govt

The legislation will empower the cross-border flow of data across all countries "by default" unless a country features on the negative list

Irrational exuberance pulled IT companies down in FY23: NASSCOM chairman

Delayed decision-making, economic uncertainty, and inflation along with demand contraction in some markets are expected to be the major headwinds for the sector

Indian tech sector to hit $245 bn in FY23; headwinds seen in FY24: Nasscom

Industry on track to achieve $500 bn by 2030, but skilling gap needs to be addressed on priority

Employability gap in graduates: Nasscom asks education system to do more

The USD 245-billion Indian technology industry on Wednesday flagged the "employability gap" in engineering graduates, saying that the education system is not focusing on building strong foundational and professional skills. Debjani Ghosh, the president of the technology industry lobby Nasscom, told reporters that the gap in skillsets forces IT companies to spend more time in training the freshers before they are deployed, which results in significant costs. Over the last two decades, Indian IT companies have been rendering services for the world courtesy of cost arbitrage and the number of engineering graduates which the country puts out into the market every year. But the changing nature of requirements seems to have led to disappointments. Ghosh said that today's engineers are not working in backoffice any more, but sitting with the customers as the industry shifts from service provider to digital transformation partner. our current educational system does not focus on building g

Indian tech sector to grow 8.4% in FY23 to $245 billion: Nasscom

The sector had revenues of USD 226 billion in FY22, the industry lobby said in its strategic review. The cross currency headwinds have shaved off over 2 per cent of the revenue growth

India top country in AI skill penetration globally: Nasscom report

India's 'AI Skills Penetration Factor' has been reported to be 3.09 -- the highest among all G20 and OECD countries