Digital Services

The Performer examines the move from open stages to digital screens

The arc of human progress must be looked at through changes in civility, which is much larger than changes in culture

Coforge Q2FY25 results: Net profit rises nearly 12% to Rs 202.3 crore

IT solutions company Coforge reported an 11.7 per cent year-on-year increase to Rs 202.2 crore in consolidated net profit for the quarter ended in September. It had posted a net profit (attributable to owners of the company) of Rs 181 crore in the year-ago period, according to a stock exchange filing. Revenue from operations for the quarter under review stood at Rs 3,062.3 crore, a 34.5 per cent rise from Rs 2,276.2 crore in Q2 FY24. Its profit and revenue jumped 51.8 per cent and 27.5 per cent, respectively. The Noida-headquartered firm added 5,871 staff during the quarter, including 4,430 from its acquisition of Cigniti. This brings its total employee count to 32,483. "The growth and the margin expansion at Cigniti are a preview of sustained growth and further increases in margin to follow. We have operationally fully integrated the Cigniti team and the synergies have exceeded even our expectations," said Sudhir Singh, CEO and Executive Director, Coforge. The company's board ..

Decoded: What is Agristack system? How will it benefit agriculture sector?

In her Union Budget speech, Nirmala Sitharaman announced the Agristack DPI while adding that it will bring over six crore farmers under the formal land registry system

CNN cuts about 100 jobs, to launch digital subscriptions before year's end

CNN is eliminating approximately 100 jobs and plans to debut its first digital subscriptions before the end of the year as the news network leans into reshaping its business. In a memo sent to staff on Wednesday, CNN CEO Mark Thompson said noted that it's cutting just 100 jobs out of a total workforce of approximately 3,500. He said that open roles were closed wherever possible in order to minimise the total layoffs. Media organisations, including CNN have struggled to grow audiences and revenue, and have sought to diversify what they're offering to customers. Thompson said that CNN's digital strategy must be ambitious enough to deliver the audiences and the revenue we need to maintain our unique journalistic firepower and succeed as a business. The executive said CNN will create subscription-ready products that offer news, analysis and context in new formats. He emphasised that there will be an effort to keep users on CNN.com's website longer and finding ways to get them to return

Digital services firm UST to train over 25,000 employees in GenAI skills

Programme will 'upskill' more than 80 per cent of company's employees, it says

Global companies pick India for their digital services, says Nasscom

Nearshoring is a business practice that involves outsourcing tasks to neighbouring or nearby countries rather than distant offshore locations

The winds of change: Credgenics shaping debt disputes resolution with its strong ODR framework

.

Zoho launches PoS solution called Zakya for small, medium enterprises

Digital service priced at Rs 649 per month helps in inventory management, omnichannel sales and other back-office tasks

Tata Group, Uber in talks for partnership to drive digital engagement

Tata Neu has faced challenges with stagnant user growth and low customer engagement and may be looking to collaborate with Uber to boost traffic volumes

Almost normal: Consumer sentiment soared to near pre-pandemic levels in Nov

The World Bank reported that over 80 million Indians made their first digital transaction after the pandemic

Interest in data science education on the rise: Imarticus Learning

India's data science education market is estimated to grow from $204.23 million in 2023 to $1.391 billion by 2028

Digital credit will add 1-2% to India's growth: Vaishnaw to Google team

Digital credit in India is going to become bigger than the digital payment system and will add 1-2 per cent growth to the country's economy, Union Minister Ashwini Vaishnaw said in an online video. The video reel uploaded on YouTube shows Vaishnaw in conversation with the Google leadership team, including Google Senior Vice President for Devices and Services Rick Osterloh. During the conversation, Vaishnaw while talking about Svanidhi Scheme said that Prime Minister Narendra Modi's work has been focused towards benefitting people at the bottom of the pyramid. "Digital credit is going to be bigger than digital payments because there is so much entrepreneurial energy out there in the country and the access to credit is what was holding it back. Once you have easy access to credit at a basically competitive rate, I can tell you this country will have 1-2 percentage points of additional growth because of digital credits," the minister said. He was speaking to the Google leadership on t

Tata Motors to acquire 26.79% stake in Freight Tiger for Rs 150 crore

Tata Motors has already introduced its connected vehicle platform 'Fleet Edge' for aiding fleet operations management

Nations must share experience in keeping digital markets free: CCI chief

Rapidly evolving markets and technology have created fresh challenges and new dimensions in competition law and policy

New GST rules to tighten compliance for foreign digital service providers

They will have to pay 18 per cent GST regardless of the service they provide

'One State-One Portal' to bring all ULB services under one canopy: CM Sukhu

The Chief Minister directed to make all the essential services like property tax, bill payments, notices, all types of NOCs and permissions online

Countries agree to extend digital services tax freeze through 2024: OECD

The first part of the two-pillar deal aims to reallocate taxing rights on about $200 billion in profits from the biggest and most profitable multinationals to the countries where their sales occur

US tech companies flag 20 policy barriers in digital trade with India

Say aatmanirbhar push shouldn't lead to discriminatory norms

Existing rules enough to address digital competition concerns: IAMAI

Several Indian startup founders have recently criticized IAMAI for allegedly promoting "pro-foreign" big tech views on government regulations and other contentious matters

FM Sitharaman pitches for empowering people by increasing digital access

Finance Minister Nirmala Sitharaman on Friday underlined the need for going beyond GDP numbers and empowering people by improving digital connectivity in developing nations. Addressing G7 seminar on economic policies for welfare, in Niigata, Japan, she stressed that technology improves access for the poor to markets and basic services and highlighted that access to digital connectivity has empowered people and there is a need to discuss ways to measure empowerment going beyond GDP indicators. She underlined the dilemmas faced by Emerging Markets and Developing Economies (EMDEs) between climate security and growth as they manage overlapping crises and socio-economic transformation. "Finance Minister Smt. @nsitharaman emphasised on the importance of #SustainableGrowth and environment and the need for balancing the two in the short and long run," a finance ministry tweet said. "The Union Finance Minister shared India's focus on #technology #DigitalPublicInfrastructure #DPI #GreenHydro