Software

Infosys sues Cognizant, claims unfair trade practices in US court fight

Infosys has escalated its legal battle against Cognizant, accusing the US-based firm of anti-competitive practices and monopolisation in the healthcare software market

Cornerstone Ventures to raise $200 million in its second fund by 2025 end

Through its second fund, the company aims to focus on companies operating in the domains including agentic AI, quantum tech, and Web3

Indian SaaS market likely to grow to $100 billion by 2035, says report

Digital-native businesses will increase their software spend from $4.6 billion in 2025 to $26 billion by 2035, as they build deeper digital capabilities

Perfios acquires debt recovery platform, second acquisition in a month

The inorganic push comes as the company plans to complete its value chain in financial offerings in the business-to-business (B2B) sector from underwriting to debt recovery

Apple updates Final Cut Pro, Logic Pro on Mac and iPad: Check what's new

Final Cut Pro 11 for Macs introduces AI-powered features for auto-generating captions and isolating subjects from the background without a green screen or manual tracking

IBM shares near record level as company shifts focus to software, AI

International Business Machines Corp. is up 26 per cent this year, beating tech giants like Apple Inc., Microsoft Corp., Amazon.com Inc. and Alphabet Inc

Technopark's software export revenue up 14% at Rs 13,255 cr in FY24

The revenue from software exports by the IT and IT enabled services companies of the Kerala government-owned Technopark has reached Rs 13,255 crore for the Financial Year (FY) 2023-24, marking a 14 per cent growth compared to last year, the IT hub authorities said on Saturday. The software export revenue of Technopark for the FY 2022-23 was Rs 11,630 crore. "The revenue from software exports by the IT/ITEs companies of Technopark has clocked Rs 13,255 crore for the Financial Year (FY) 2023-24, marking a 14 per cent growth compared to last year," Technopark said in a release. The premier IT hub of the country, which covers a total area of 768.63 acres with 12.72 million sqft built up space, houses as many as 490 companies, providing 75,000 direct jobs and two lakh plus indirect jobs. Col Sanjeev Nair (Retd), CEO, Technopark, said the stellar performance tells a growth story of the vibrant IT ecosystem in Kerala and the business vision and professionalism of the in-house companies.

Focus remains strong in delivering innovative solutions: Ramco Systems

Ramco Systems was well-positioned to capitalise on the opportunity as demand for transformation continues to grow and focus remains strong to deliver innovative solutions that drive efficiency and productivity, a top official has said. The focus of the city-based enterprise software product provider, remains strong to deliver innovative solutions that drive efficiency, productivity and competitive advantage for the clients, Chairman P R Venketrama Raja said. "Businesses worldwide are significantly increasing their technology investments. Organisations are prioritising digital transformation initiatives, recognising that their competitive edge and value creation depend on effectively leveraging technology across processes, products, services and customer experiences," Raja said. Ramco Systems was witnessing the beginning of a turnaround with several positive developments across operations. "We have been working tirelessly to strengthen our core operations to seize new growth ...

Chargesheets to cabin crew can be detrimental: Air India Express Union

The Air India Express Employees Union (AIXEU) has termed the alleged issuance of charge-sheet by the airline's management to around 200-odd cabin crew members for reporting sick during last month's strike as unfortunate and unfair labour practice. In a letter to Air India Express chief Alok Singh on Sunday, the Union also warned the Tata Group-run airline's management that such actions could be detrimental to the interests of the company and its passengers. According to Union sources, the charge-sheet was issued to around 200 cabin crew members on June 5, with a deadline of 72 hours to file a response. Around 200 cabin crew members of Air India Express went on strike on May 7, to protest against the alleged mismanagement in the airline, resulting in cancellation of hundreds of flights. Consequently, the airline management terminated the services of 25 cabin crew members and warned the others to join work or else face the same action. Three days later, the strike was called off aft

Heart of our software engineering for the world sits in India: Logitech CEO

She talks about making Logitech the most loved brand and growing the India market

Tesla lays off more staff in software, engineering, service teams: Report

The EV maker has been under pressure from dropping sales and an intensifying price war among automakers as elevated interest rates have slowed the adoption of electric vehicles

BMW Group, Tata Technologies partner for automotive software hub in India

The JV will deliver automotive software solutions for BMW's premium vehicles and digital transformation solutions for its business IT

General Motors, Magna, Wipro team up for automotive software marketplace

The joint venture, SDVerse, will link the buyers and sellers through a digital platform, where the software's features and attributes can be listed

Honeywell Automation Q3 results: Profit jumps to Rs 128 cr on govt spending

Profit at the Indian arm of U.S.conglomerate Honeywell International was Rs 128 crore ($15.4 million) for the three months ended Dec. 31, compared with 1.06 billion rupees a year earlier

Govt will seek an end to WTO's 1998 tariff freeze on trade of digital goods

The WTO has had a moratorium on customs duties on electronic transmissions since 1998, and members have extended the rule every two years

CBI charge sheets former Air India CMD in software purchase irregularities

The CBI has filed a charge sheet against the then CMD of Air India, German firm SAP AG and IBM in connection with alleged irregularities in procurement of software worth Rs 225 crore by the national carrier in 2011, officials said on Sunday. The CBI has registered the case on the recommendation of the Central Vigilance Commission (CVC) which found prima facie procedural irregularities in the procurement of the software, according to people in the investigation agency in know of the development. After nearly six years of probe, the CBI has filed a charge sheet against former CMD Air India Arvind Jadhav, IBM India Private Limited, SPA India Private Limited and six others under the IPC section 120-B (criminal conspiracy) and provisions of the Prevention of Corruption Act, they said. The CVC, in the note to the CBI, said that initial probe by Air India's chief vigilance officer shows that the national carrier had selected the Enterprise Resource Planning (ERP) software system from SAP A

IBM to buy two software AG data platforms for $2.3 bn to strengthen AI

International Business Machines Corp. has agreed to buy data-integration platforms StreamSets and WebMethods from Software AG for €2.13 billion ($2.3 billion) in cash in an effort to strengthen its AI

Tally is investing heavily in AI to develop new product experience: Goenka

We have over 2.3 million licensed customers and over 7 million users in more than 100 countries across various business segments, said Goenka

Software, apps behind iPhone overheating; fixing issue, says Apple

The latest high-end device includes a titanium frame, a first for the iPhone, as well as an A17 Pro chip with enhanced graphics component for improved gaming

Honeywell appoints Maheshwari as prez & CEO of High Growth Region Portfolio

He will succeed Ben Driggs, who will be taking another leadership role in the company