Don’t miss the latest developments in business and finance.

Indian IT Industry

Experts call for building digital infra to tap IT talent in small cities

With remote IT work expanding opportunities for professionals in Tier 2 & 3 cities, experts have called for investment in digital infrastructure and upskilling to connect talent with global projects. Experts have also hailed the government's move to set up five National Centres of Excellence for Skilling as a strategic move to align youths' capabilities with the demands of both domestic and international markets. Atul Soneja, Chief Operating Officer, Tech Mahindra, said, "The rise of remote IT work has notably expanded opportunities for professionals in Tier 2 and Tier 3 cities. This shift provides earning potential and promotes inclusive growth." To fully harness this opportunity, it is imperative to invest in robust digital infrastructure, offer continuous skill development programmes, and create platforms connecting talent from these regions with global projects, Soneja said. Ganesh Gopalan, co-founder & CEO, Gnani.ai said that to fully tap talent in small cities, ...

Updated On: 16 Feb 2025 | 10:53 AM IST

Indian IT sector 'bytes' into 2025 with cautious optimism amid big AI bets

The Indian IT industry steps into 2025 with hope and optimism of improved tech spending and stronger deal pipeline as businesses across-the-board take bold AI bets, but all eyes are on global macroeconomic cues as well as the US' stance on trade and high-skilled immigration as President-elect Donald Trump returns to White House next month. With Q2 report card of most IT heavyweights fuelling hopes of an improved client demand over the coming quarters - industry pundits predict a notable rebound in growth and profitability metrics materialising by late 2025 or the second half of FY26, if all goes well. Experts also expect tech M&A counters to buzz right through 2025, with big data, cloud and Gen AI (Generative AI) acting as major draws for companies with takeover appetites. Meanwhile, the IPO market - heady from 2024 highs - seems all primed up for yet another blockbuster year as a slew of tech startups are readying for a market debut to capitalise on euphoria. Sindhu Gangadharan, .

Updated On: 30 Dec 2024 | 10:23 AM IST

Nasscom announces SAP Labs India MD Sindhu Gangadharan as chairperson

IT industry body nasscom on Monday announced the appointment of SAP Labs India Managing Director Sindhu Gangadharan as its chairperson with immediate effect. Gangadharan takes the chair from Rajesh Nambiar, who has been appointed president-designate for nasscom (National Association of Software and Service Companies). "Nasscom has played a pivotal role in propelling India's emergence as a global innovation leader. With our nation's robust engineering R&D capabilities, innovative potential, and extensive digital talent pool, India is well-positioned to spearhead large-scale digital transformations that are sustainable and inclusive," she said. The first woman to lead SAP Labs India, Gangadharan was appointed as the Chair for nasscom GCC Council last year. A board member of Siemens India and Titan Company, she is also a member of the Steering Committee of the Indo-German Chamber of Commerce. Last week, Nambiar stepped down from IT firm Cognizant as its India MD and chairman. The ...

Updated On: 26 Aug 2024 | 11:49 PM IST

Vineet Nayyar's legacy of innovation will shape industry for years

Vineet's indomitable spirit and unwavering commitment to making a positive impact have left an indelible mark on all who had the privilege of knowing him

Updated On: 16 May 2024 | 10:36 PM IST

LTTS signs €45 mn deal to train European auto supplier Forvia's engineers

5-year partnership also involves Indian company providing engineering services to Forvia

Updated On: 02 May 2024 | 2:52 PM IST

TCS looking to increase prices to boost operating margins: CFO Seksaria

The company said it is expecting a "better" fiscal 2025 on a robust deal pipeline including a record $13.2 billion worth of orders in the reporting quarter

Updated On: 15 Apr 2024 | 9:57 AM IST

Troubles for Indian IT firms linger as clients tighten their budgets

Accenture Plc lowered its revenue outlook last month, citing a pullback in software spending by Wall Street firms, which are among the Indian companies' biggest clients

Updated On: 12 Apr 2024 | 9:13 AM IST

Cognizant defers annual salary hikes to Aug 1, says 'recognises hard work'

Nasdaq-listed information technology company employs some 250,000 people in India

Updated On: 06 Apr 2024 | 1:52 PM IST

Integration challenges, valuations key hurdles for LTI Mindtree investors

Centrum Research believes that the company has sufficient operating levers that will help it report a higher margin in FY25 vs FY24

Updated On: 29 Mar 2024 | 10:41 PM IST

Claim your tax deduction on health checkup and specific treatments

Maximise savings by tapping into lesser-known deductions besides the one on health insurance premium

Updated On: 19 Jan 2024 | 10:54 PM IST

TCS to diversify to other markets amid US weakness: CEO Krithivasan

"We believe it (fiscal 2025) could be a better year than fiscal 2024," Krithivasan said

Updated On: 15 Jan 2024 | 6:39 AM IST

Apple set to shutter 121-person San Diego AI Team in reorganisation

Apple told employees that they have until the end of February to decide if they will relocate, according to the people. If they don't, the workers will be terminated on April 26

Updated On: 14 Jan 2024 | 11:35 PM IST

Indian IT industry to be worth $350 bn by 2030: Kris Gopalakrishnan

'High-growth industry' will continue performance despite global slowdown, says co-founder of Infosys

Updated On: 29 Nov 2023 | 10:55 PM IST

IT industry hiring weakens on global macro woes, slow discretionary spends

Weak global cues and a cut in discretionary spending by clients are expected to sharply reduce campus intake by the Indian IT industry this year with market watchers saying that Infosys and HCL Tech's subdued take on hiring signals a tough road ahead for freshers in the near term. In the opening week of Q2 earnings season, IT biggies TCS, Infosys and HCL Technologies reported a sequential drop in employee tally - a staggering 15,800 on a cumulative basis. The Q2 scorecard of tech heavyweights fell short of expectations as global growth skid on elevated levels of inflation and interest rates, reduced investment, and geopolitical shocks, exacerbating worries. Tech companies say that clients continue to defer newer, non-critical initiatives, choosing to focus on optimisation. While global voices concede that there are no signs of bottoming out just yet, JP Morgan's Jamie Dimon has warned that the world is facing the 'most dangerous time in decades'. Meanwhile, Infosys's headcount fell

Updated On: 15 Oct 2023 | 4:47 PM IST

India-Canada rift bad for business; IT firms may struggle to land new deals

Canada makes up to 5-6 per cent of Indian IT companies' revenues. Top companies like TCS and Infosys have recently acquired work from Canadian government departments and organisations

Updated On: 26 Sep 2023 | 12:41 PM IST

IT companies shrug off transport strike in Bengaluru with work from home

An estimated nine lakh private commercial vehicles, including auto-rickshaws, corporate vehicles, airport taxis, maxi cabs, and buses, stayed off the roads on Monday

Updated On: 11 Sep 2023 | 10:18 PM IST

Top-deck Indian IT companies need to rightsize bench size: Experts

To address this challenge, IT services companies can prioritise rightsizing their bench strength

Updated On: 08 Jun 2023 | 8:02 PM IST

IT security incident to impact some of its businesses' revenues: Sun Pharma

Drug major Sun Pharma has said the IT security incident that happened earlier this month will impact revenues of some of its businesses. As part of the containment measures, the company proactively isolated its network and initiated the recovery process. "As a result of these measures, the company's business operations have been impacted. Consequently, revenues are expected to be reduced in some of our businesses," Sun Pharma said in a regulatory filing late in the night on March 26. The company also said it would incur expenses in connection with the incident and the remediation. Currently, the company is unable to determine other potential adverse impacts of the incident, including but not limited to additional information security incidents, increased costs to maintain insurance coverage, the diversion of management and employee time or the possibility of litigation, it added. Sun Pharma had reported the incident on March 2. The company said it promptly took steps to contain a

Updated On: 27 Mar 2023 | 4:49 PM IST

TCS on the verge of closing deals worth $1 billion with Marks & Spencer

In addition to this, TCS is also working towards renewing their existing five-year engagement with the UK-headquartered company

Updated On: 09 Mar 2023 | 11:26 AM IST

How is Germany trying to ease immigration process for Indian techies?

Among other things, Germany may also soon allow employers to hire foreigners for short periods regardless of the special qualification requirements

Updated On: 27 Feb 2023 | 4:51 PM IST