It Industry

Productivity of IT employees on rise even as firms apply brakes on hiring

The country's ten biggest listed IT companies that are part of the Nifty IT Index earned net sales of Rs 42.3 lakh per employee on average in FY24

Narayana Murthy bats for tech, cautions against 'unsupervised learning'

While addressing the Chamber, Murthy also urged entrepreneurs to embrace "compassionate capitalism"

Centre grants one year extension for select IT hardware import system

Govt to monitor local manufacturing under PLI before imposing any import curbs

DLF joint venture firm DCCDL sells IT park in Kolkata for Rs 637 crore

Realty major DLF joint venture firm DCCDL has sold an IT park in Kolkata to Primarc and RDB group for Rs 637 crore. DLF Info City Developers (Kolkata) Ltd, a wholly owned subsidiary of DLF Cyber City Developers Ltd (DCCDL), has entered into a definitive agreement to sell and transfer its Kolkata Tech Park 1 business undertaking to RDB Primarc Techno Park LLP (an affiliate of Primarc & RDB group), on a slump sale basis for an aggregate consideration of about Rs 637 crore, DLF said in a regulatory filing. Kolkata Tech Park 1 is one of the largest IT parks in eastern India with gross leasable area of about 1.49 million sq ft. It is home to global technology leaders. "This is reflective of the value embedded in our core assets created over the years with good quality tenant partners and asset management," DLF Rental Business Vice-Chairman & MD Sriram Khattar said. The deal also "demonstrates our commitment to continuously enhance shareholder value". Primarc Group Managing Director

IT, ITeS must adopt Cloud and boost security, says Airtel Business

White paper says sector facing rising cyber threats, competition in Southeast Asia, and data deluge

Chhattisgarh's ambitious IT project finally takes off after two decades

According to IT experts, the initiative taken by the government would certainly accelerate the project

German lens maker ZEISS expands its Global Capability Centre in Bengaluru

The ZEISS India Global Capability Centre is a strategic hub that will leverage Bengaluru's deep IT talent pool to drive technology solutions and expand ZEISS's global R&D capabilities

Pakistan aims at IT exports worth $25 billion in next three years

Prime Minister Shehbaz Sharif on Friday expressed his government's determination to achieve the target of USD 25 billion in IT exports during the next three years. The prime minister said the government is working to develop and promote the telecommunication sector and said steps are being taken to introduce 5G internet services for faster and reliable internet services in the country. Radio Pakistan quoted Sharif as talking with a five-member delegation of the Holland-based VEON group, led by chairman Augie K Fabela, that the 5G services would also help the government realise its vision of Digital Pakistan. Describing the role of the telecom sector as very important in promoting cashless and digital economy, the Prime Minister expressed Pakistan's willingness to work with VEON group for promotion of Information Technology, digitisation and artificial intelligence. Pakistan has been trying to maximize its potential in the IT sector and its Information Technology (IT) exports soared

Ambattur's evolution: Once a manufacturing hub, now a data centre hotspot

In 2024, the clang of metals colliding and the scent of welding fire and chemicals greet visitors to Ambattur - a 45-minute drive from Chennai city

We want to embed our AI Force platform across our customers: HCLTech CEO

He talks about the growth triggers, spend mindset and GenAI deal growth

Games of skill vs Games of chance: Framework looks to clarify difference

Will be sent to Meity for feedback to be added to 2nd draft

HCLTech Q2 results: Net profit rises 10.5% to Rs 4,235 cr, revenue up 8.2%

Revenue for the quarter at Rs 28,862 crore, up 8.2 per cent YoY and grew 2.9 per cent sequentially

STPI focuses on tech startups, GCCs; 10 new parks in smaller cities soon

The new parks are expected to provide more than just office spaces; they will be equipped with high-performance computing infrastructure, including cloud and GPU services

UST widens India footprint with Kochi campus, to create over 3,000 jobs

UST, a digital transformation solutions company, on Monday outlined plans to expand its footprint in India by adding 3,000 new jobs at its upcoming Kochi campus over next five years. The California, US-headquartered company is gearing up to inaugurate its own campus in Kochi, Kerala, by December 2027, according to a release. UST, which already has a facility operating out of Infopark Kochi, caters to the US, UK and Asia Pacific clients across domains such as healthcare, retail, telecom, financial services/asset management, and hi-tech. The company, which has a target of having 6,000 employees in the next five years (in Kochi), currently employs more than 2,800 people in its existing facility at Infopark Kochi. The new UST campus will be completed in three years, and will be a 10-floor building with 4,400 seats, spread over 6,00,000 square feet. "When the Kochi campus goes on stream, it will become the second owned campus in India for UST after Thiruvananthapuram," it said. UST CE

Hope to break ground for chip plant by Q1 of next year: 3rdiTech CEO

What really worked for us, I think, is that none of us came from the industry but we did realise that we will be running into insurmountable problems, she said

IT solution provider Mouri Tech files IPO papers to raise Rs 1,500 crore

IT solution provider Mouri Tech has filed preliminary papers with markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO). The Hyderabad-based company's proposed IPO comprises a fresh issue of equity shares worth Rs 440 crore, and an offer-for-sale (OFS) of shares worth Rs 1,060 crore by promoters and an existing shareholder, according to the draft red herring prospectus (DRHP). The offer includes a reservation for subscription by eligible employees, Under the OFS, promoters Sujai Paturu, and Anil Reddy Yerramreddy will be selling shares worth Rs 615 crore, and Rs 316 crore, respectively. Further, existing shareholder Srinivasu Rao Sandaka intends to offload equity shares valued Rs 129 crore. The company may consider raising Rs 88 crore in a Pre-IPO Placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 165 crore will be used for debt payment of its subsidiary MT USA an

Beetel Teletech to distribute US-based Cambium Networks' solutions in India

Technology service provider Beetel Teletech on Thursday said it has partnered with NASDAQ-listed Cambium Networks to distribute networking solutions in India. As part of this partnership, Beetel will distribute Cambium's comprehensive portfolio of advanced networking solutions like fixed wireless, networking switches, wi-fi, fibre, security, SD-WAN and licensed frequency solutions. "This partnership represents a pivotal step towards securing a strategically advantageous position in India's rapidly expanding networking market. With projections indicating that 60 to 65 per cent of Indians will likely have internet access by 2025, Cambium's advanced technologies will provide us with the essential tools to meet the evolving demands of India's digital infrastructure and drive transformative growth," Beetel Teletech MD and CEO Sanjeev Chhabra said. Beetel offers its services through 10,000 retailers and 500 distributors in India. Its partner base includes companies like Avaya, HP, Samsung

The fab game: Meity timeline for commercial chip production in the works

Micron's Sanand unit could be the first to bring out 'made-in-India' chips by Aug 15 next year

IT major TCS retains position as India's most valuable brand: Kantar

With a brand value of $49.7 billion, TCS has seen a 16 per cent rise compared to last year, driven by investments in innovation, particularly in artificial intelligence (AI) and digital transformation

Global tech body concerned over future after import mgmt scheme expires

ITI represents 80 technology firms around the world, including giants like Apple, Amazon, Google, Dell, Microsoft, and Tata Consultancy Services