Tech Sector

India may lose tech edge unless big firms scale up AI spending: MeitY

MeitY's Abhishek Singh cautions that rapid advances in machine intelligence threaten India's long-held IT edge

AI, automation may cut 30% of tech services revenue, says Bain report

A Bain & Co report warns the global tech services industry could lose up to 30% of revenue as growth slows, margins shrink and AI-driven disruption accelerates, pushing firms to overhaul operations

Non-tech sector continues to hire more vs tech sector, says Xpheno

The non-tech sector collective continues to hold the majority contributor status (52 per cent), which it took over from the tech sector in October 2022

India's tech workforce becomes more discerning; prioritises well-being

Most tech professionals are open to new opportunities, but they are increasingly selective about job roles that align with their values regarding purpose, career progression, and physical & emotional well-being, according to a report. In its latest Talent Trends Spotlight on Technology Report, Michael Page said that India's tech professionals are among the most confident and selective globally, driving changes in hiring expectations. As per the survey, which draws insights from nearly 5,000 tech professionals worldwide, including substantial data from the Indian market, 94 per cent of tech professionals are open to new opportunities, they are increasingly selective about job roles. The survey suggested that 39 per cent of tech professionals express the desire to explore international opportunities as their top motivator for switching, followed by 31 per cent seeking better pay hikes and growth prospects. Flexibility becomes non-negotiable for the tech talent in India. Around 26 ...

Lot of Indian-origin AI, deep-tech talent is moving abroad: Padmaja Ruparel

Deep tech and AI are extremely significant to us: these are emerging sectors with tremendous potential, says Ruparel

SkillsCapital expands offering to include CTOs-on-demand for startups

AI-powered cloud platform SkillsCapital has expanded its offering to include elite CTOs on demand for global startups and enterprises, a top company official said on Sunday. The new offering will help startups, scale-ups, and PE/VC-backed firms worldwide address one of their most critical challenges - finding the right technology leadership with flexibility, SkillsCapital Chief Technology Officer (CTO) Pawan Gupta said. The company's proprietary AI/ML engine evaluates CTOs across 400-plus leadership, technical, and cultural parameters, delivering a personalized and customized match for each organization's unique needs for technology leadership, Gupta said. This expansion comes at a time when global demand for senior technology leaders is soaring, he stated. As per studies, nearly 65 per cent of early-stage Indian startups struggle to scale due to gaps in CTO-level expertise, while global PE/VC firms report 20-30 per cent of portfolio companies facing delays and cost overruns linked

Nasscom aims to turn India into a product nation: Sindhu Gangadharan

Tariffs are not impacting our industry directly in the sense that they impact goods and services, says Gangadharan

India to soon have about 50% of Swiss Re's global tech talent: Amit Kalra

Over the last three years, Swiss Re globally went through an internalisation drive in the tech domain

Chhattisgarh CM lays foundation of India's first AI-based data park

The 5.5-hectare data park in Nava Raipur will support AI services including healthtech and fintech, with the first phase offering 5 MW capacity and future expansion planned

Infosys leases 1.3 lakh sq ft of office space at Pune's Embassy Tech Zone

Infosys has leased the space "in need of office space for the purposes of carrying out the permitted business therefrom," the registration document said

India must innovate, not become tech colony of others: Amitabh Kant

It must build AI systems built on domestic datasets that don't have biases of the West, he says

Tech sector crucial for India's $7 trn economy goal by 2030: Nasscom Prez

As India looks to become a USD 7-trillion economy by 2030, the tech sector is poised to play a pivotal role by contributing about USD 1 trillion to the GDP, driving innovation that solves both domestic and global problems, nasscom's Rajesh Nambiar has said. The IT industry body President emphasised the critical role of technology in shaping India's future and noted that achieving this goal will require the tech sector to lead in innovation, particularly through deep tech, which will be instrumental in transforming various sectors such as healthcare and financial services. India's vision of becoming a Viksit Bharat by 2047 will be shaped not just by economic growth, but by the depth and the impact of technological innovations, he said during the inauguration of Startup Mahakumbh. "To achieve the ambition of becoming a USD 7 trillion economy for India, I think the tech sector alone will have to contribute roughly about a trillion dollars in terms of GDP, and this will have to drive ..

India's tech sector sees more women, yet leadership gaps persist

TeamLease Digital's latest report highlights GCCs leading gender diversity efforts, with female representation rising from 31.4% in 2020 to 38.3% in 2024, driven by DEI policies and global strategies

India's tech startups raise $2.5 billion in Q1 2025, up 8.7% from 2024

Across different stages of investment, late-stage startups attracted the highest total funding of $1.8 billion in Q1 FY25, compared to $1.3 billion in Q4 FY24

Our AI-driven solutions will help millions of people: Wadhwani AI CEO

Our mission is to apply AI in practical, real-world scenarios and integrate it into existing systems, says Sivasubramaniam

Sharing in the age of tech sovereignty: A call for collaborative growth

At the Mobile World Congress, Sunil Mittal called for shared tech infrastructure to boost returns. Will the industry listen?

India's tech sector FY25 revenue to grow 5.1% to $282.6 billion: Nasscom

IT industry body Nasscom on Monday pegged the FY25 revenues for the sector to grow 5.1 per cent to USD 282.6 billion. The industry is likely to cross USD 300 billion in revenues in FY26, which is about 6 per cent higher than the FY25 level, its President Rajesh Nambiar said at the Nasscom Technology Leadership Forum here. "This is a good outcome broadly given everything happening around us," Nambiar told reporters, commenting on the business outcomes in FY25. Number of people employed by the tech sector grew by 1.26 lakh to 58 lakh people during the year, Nasscom projections said. The traditional IT services companies' FY25 revenues are set to grow 4.3 per cent to USD 137.1 billion, while the business process outsourcing revenues are set to rise 4.7 per cent to USD 54.6 billion. At 7 per cent, revenue growth of engineering research and development companies was the fastest at USD 55.6 billion. The domestic revenues for companies are set to grow 7 per cent to USD 58.2 billion, gro

PE/VC pullback brings dark clouds over Indian climate-tech companies

Funding fell 61% to $1.3 bn in 2024

Women workforce participation rate in tech sector to reach 14.9% by 2027

Women to drive India's tech industry growth with a demographic shift of skilled professionals. Increasing diversity and rising opportunities for women in the industry will fuel the transformation

Tirunelveli powers India's solar ambitions with a new facility by Tata

With a capacity of 4.3 gigawatt (Gw) each for cells and modules, the plant is designed with many open spaces available for future expansion