Tech Sector

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

Indian tech sector saw deals worth $635 mn in Sep quarter: Grant Thorton

Indian Tech sector witnessed deals worth USD 635 million in July-September period of 2024, registering a 31 per cent increase in value year-on-year, a recent report has revealed. Consultancy firm Grant Thorton Bharat's Q3 Dealtracker report for the tech sector said the quarter witnessed the highest deal volumes since Q2 2023 but the lowest for the year 2024, reflecting more strategic investments rather than large-scale acquisitions. Grant Thornton Bharat Partner Raja Lahiri said the recent interest rate cut by the US Fed, coupled with India's post-election stability, has infused new momentum into the deal landscape, with notable value and volume growth. "With the elections behind in India, we saw an increase in deal activity both in terms of volume and value compared to the previous quarter. "Q3 2024 witnessed 79 deals valued at USD 635 million, representing a 5 per cent increase in volumes and a 31 per cent increase in values," he said. Out of the total deals, 12 were valued at a

PM Narendra Modi to attend Quad summit in US on September 21: MEA

Modi to address UN General Assembly, meet with tech CEOs

Tech, new hires drive evolving HR trends, says industry executives

This has been accentuated by the need for culture assimilation for the large size of hiring undertaken during the pandemic, say HR executives at the Business Standard's BSmart HR Conclave

Inventurus Knowledge Solutions files draft papers for IPO, seeks Sebi's nod

Inventurus Knowledge Solutions Ltd, which provides healthcare support services, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The company's IPO is entirely an Offer For Sale (OFS) of up to 2.82 crore equity shares by promoters and individual shareholders, with no fresh issue component, according to the Draft Red Herring Prospectus (DRHP). Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and the entire fund will go to shareholders. The company, which is backed by Rekha Jhunjhunwala and RARE Enterprises, in its draft papers filed on Monday, said that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges. Additionally, the company anticipates that listing the equity shares will boost its visibility and brand image, provide liquidity to its shareholders, and establish a public market for the equity ...

Microsoft's Azure posts slowdown in growth, testing investors' patience

The company's Xbox video-gaming unit posted 61 per cent growth in content and services revenue, much of that fueled by the $69 billion purchase of Activision Blizzard, which was completed in October

Tech Mahindra Q1 results: Net profit up 23% on cost action; still a miss

The company's revenue beat Bloomberg estimates, but missed on the net profit level

India's tech sector needs 1 mn high-tech engineers as economy expands

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

Microsoft announces 3rd round of layoffs as tech sector continues to bleed

Number of job cuts in tech sector has crossed 100,000 with major companies like Google and Toshiba also handing out pink slips

Budget 2024: Nasscom seeks lighter taxation environment for tech industry

Industry association wants levels for safe harbour provisions raised to enable greater participation