Software Services

AI-first startups challenge India's $300 billion IT services giants

Venture capital pours into companies like Atomicwork and Nurix AI as autonomous agents promise to reshape enterprise workflows and force legacy players to adapt

Gaming firm MPL bets on AI to boost development cycles, write code faster

When it comes to changing the workflows or pushing minor features, the gaming company is encouraging its developers to outsource repetitive tasks to an AI agent or code editors

Newgen Software stock falls 6% after muted Q1 performance; check details

Newgen Software stock was quoting at ₹1,043, down 4.43 per cent from the previous day's close of ₹1,091.4

US-based Guidewire Software planning to double India headcount in 3 yrs

The planned expansion will see India representing nearly a quarter of the company's global workforce

HCLTech Q4 deal wins boost outlook, analysts see limited stock upside

HCLT is guiding for revenue growth in the range of 2-5 per cent for FY26, on consolidated basis and also its services

Zoho's Sridhar Vembu warns of fundamental reckoning in India's IT industry

Zoho's Sridhar Vembu has sounded an alarm about the future of India's software and IT services sector, arguing that the industry is facing a fundamental reckoningnot just a cyclical downturn or a challenge from artificial intelligence, but a structural shift that will reshape the next several decades. In a post on X, Vembu contended that inefficiencies in products and services have long plagued the global software industry. "My operating thesis: what we are seeing is not just a cyclical downturn and it is not just AI related. Even without the uncertainty induced by tariffs, there was trouble ahead. "The broader software industry has been quite inefficient, both in products and services. These inefficiencies have accumulated over decades of a prolonged asset bubble," Vembu, who stepped down as CEO in the IT firm in January to focus on R&D, wrote. He noted that India, as a major exporter of software and IT services, has adapted to and even relied on these inefficiencies, with ...

Infosys Q4FY25 results: Net profit declines 11.7% to ₹7,033 crore

Infosys signals weak FY26 after muted Q4 result

Zeta bets on modern code to rewrite $300 bn banking software market

The aim is to tackle a long-standing issue: core banking systems remain outdated, built on decades-old mainframes and COBOL code

IBM to set up AI-focused Software Lab in Lucknow to boost tech, jobs

US IT company IBM plans to establish a Software Lab in Lucknow focused on advancing Generative and agentic AI technologies, the company said on Tuesday. The lab will focus on developing AI-powered solutions using Large Language Models (LLMs) and Small Language Models (SLMs) to address the evolving needs of businesses in India and globally, IBM said in a statement. Uttar Pradesh Chief Minister Yogi Adityanath said the new Software Lab in Lucknow will play a pivotal role in the state's economic growth through job creation and the engagement of local talent. "We plan to develop Lucknow as an AI city and position it as a hub for nurturing talent, fostering ideas and an AI ecosystem. IBM's proposed expansion in Lucknow aligns with our mission to further grow the technology sector, improve workforce skills training and create job opportunities for the state's youth," Adityanath said. IBM India and South Asia Managing Director Sandip Patel said the expansion of IBM's Software Lab in Uttar

Chhattisgarh govt signs MoU with Nasscom to boost skill development

CM Sai said with a stronger focus on the skill-development sector, the state was working to align its workforce with industry needs.

STPI-supported 134 startups raise Rs 286 crore fund from investors

State-run STPI-supported 134 startups have raised Rs 286 crore in funding from investors, a top official of the organisation said. While speaking at an event, Software Technology Parks of India (STPI) Director General Arvind Kumar said the organisation, formed under the Next Generation Incubation Scheme (NGIS) of the Ministry of Electronics and IT, has given early-stage seed capital of Rs 30.87 crore to 136 startups and financially incentivised 359 others through a stipend amount of Rs 3.57 crore. "Amongst these supported startups, 134 have also been able to raise external funding from an investor community comprising angels and venture capitalists of about Rs 286 crore, which is not only a validation of their business but also the testament of the progress made by these startups," Kumar said during the STPI Sangam event on Friday. "I am proud to share that 44 per cent of STPI's startup portfolio consists of women entrepreneurs, many of whom come from Tier-2 and Tier-3 cities. We ar

SaaS delays causing time, cost overruns for Indian firms: IDC-Zoho survey

A substantial chunk, nearly 75 per cent of Indian enterprises that adopted Software as a Service (SaaS) solutions since 2020 have experienced implementation delays, leading to average timeline overrun of 57 per cent and a cost overrun of 43 per cent, according to a latest survey that tabulated the business impact of such prolonged deployment cycles. The study titled, "IDC State of SaaS Adoption in India Survey 2024", commissioned by technology company Zoho, found that these setbacks have led to an average loss of Rs 5.6 crore in missed business opportunities, besides impacting employee productivity, customer experience, and competitive positioning. As businesses continue investing in SaaS solutions to drive digital transformation, modernise operations, and enhance agility, the speed of implementation has become critical, the survey said, noting that implementation delays remain a significant barrier, preventing businesses from realising the full value of their digital ...

ServiceNow sees India as its biggest mkt in Asia-Pacific: Amit Zavery

ServiceNow is betting big on agentic AI as the next area of growth as it makes that technology a core part of its platform, which improves efficiency, predictability, and real-time decision support

India fastest-growing developer community on GitHub; PM Modi praises youth

GitHub predicts that India will surpass the US to have the world's largest developer population on the platform by 2028

Cybersecurity firm Rapid7 attracts acquisition interest from buyout firms

Rapid7 competes in the vulnerability management market against larger rivals such as Tenable, which has also been exploring a sale, and Qualys

Infra, talent, startups: Why tech leaders are betting on AI's India future

They country that exports software services must now do same in the new technology, they say

Software services export grows to $205.2 bn in FY24, US major destination

India's total exports of software services, including services delivered by foreign affiliates of Indian companies, increased to USD 205.2 billion during 2023-24 from USD 200.6 billion in the previous fiscal, according to a Reserve Bank survey. India's exports of software services (excluding their sales through overseas commercial presence) increased by 2.8 per cent during 2023-24 to USD 190.7 billion, according to the data related to the 2023-24 round of RBI annual survey on computer software and information technology enabled-services (ITES) exports. The US was the major software export destination with a 54 per cent share, followed by Europe (31 per cent share), where the United Kingdom was a major destination country, according to the data. In the survey, 7,226 software export companies were contacted, of which 2,266 firms, including most of the large companies, responded. The participating companies together accounted for nearly 89 per cent of total software services ...

Tata Tech-BMW form 50:50 JV to focus on software-driven solutions

The partnership comes as automakers increasingly rely on software to drive innovation in their vehicles

India hub driving global AI innovation; new campus plans on track: SAP Labs

SAP labs India, the biggest R&D hub for German software maker SAP outside its headquarters, is sharply focused on driving global AI innovations from here, managing director Sindhu Gangadharan said adding that plans for opening a new, sprawling campus in Bengaluru are on track. SAP Labs India is on an expansion drive and the construction of the first of the three phases of a new campus in Bengaluru is already underway, another company official said adding the first phase entailing a capex of Euro 80 million is expected to be completed by Q2 of 2025. Gangadharan said that AI and GenAI (generative AI) have triggered an "incredible" business transformation, enabling companies to leverage the new-age technologies to reimagine customer experiences and processes, she said asserting that India with its talent and skillset has the power to lead AI innovations. SAP Labs India is focusing on Custom AI and multi-agent AI technology to drive the next wave of business transformation for its ...

Apple begins testing AI software to bring a smarter Siri to iPhone 16

Apple is giving more people the chance to test a software update that will implant artificial intelligence into its virtual assistant Siri and automate a variety of tedious tasks on the latest iPhone coming out Friday . The free update was made available Thursday to an audience that has signed up to test Apple's software before it's released to all iPhone owners next month. As of Thursday, only two premium iPhones that came out last year contain the souped-up processor required to power the AI features included in the update, but that will change Friday when four new iPhone 16 models reach store shelves. All iPhone 16 models, with starting prices ranging from $800 to $1,200, are equipped to handle the new technology, which the company is marketing as Apple Intelligence. That branding is part of an effort to distinguish the iPhone's AI from similar technology already available in smartphones released earlier this year by Samsung and Google. The AI features are being promoted as one o