Page 12 - It Industry

Govt, tech industry partner to launch FutureSkills Prime platform

India's demand for Digital Talent jobs is currently 8x larger than the available talent pool and is expected to rise to 20x by 2024

Govt expects Indian electronics manufacturing to reach $300 bn: MoS IT

The government expects the Indian electronics manufacturing sector to grow to around $300 billion (about Rs 22.5 lakh crore) by 2024-25, IT minister Rajeev Chandrasekhar said

What's behind record staff exits at Indian IT giants?

The war for talent has become a problem facing the IT industry amid an acute shortage of digital skills. Let us look at the reasons behind the issue and what the companies are doing to tackle this

Post-Covid world presents a 'Y2K-like' moment for IT: Rajeev Chandrasekhar

He said the industry needs to play a bigger role in tackling skilling-related challenges

Qentelli to hire over 500 tech professionals in India by 2021-end

Global technology company Qentelli on Thursday said it is planning to hire over 500 professionals in India by the end of this year to meet the demands of its new business wins.

New rules on drones to usher opportunities, spur innovation: Nasscom

The new rules for operating drones in the country will usher in new growth opportunities and enable startups and SMEs to create innovative use cases and applications in various sectors, Nasscom said.

Newgen's Innovative and Efficient Content Management Platform is Aiding Businesses Across the Globe

.

IT industry to post strong recovery with 11% revenue growth in FY22: Crisil

The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, and retail

Wage hike, attrition rise to impact IT industry's margins: HDFC Securities

IT industry's margins are expected to be impacted by wage increases as well as high attrition rate, said HDFC Securities.

Industry growth to largely be led by next-gen technologies, services: Wipro

IT industry's growth will largely be led by next-gen technologies and services with areas like data, cloud and cybersecurity expected to see huge incremental growth, Wipro CEO Theirry Delaporte said

IT firms set to slash 3 mn jobs by 2022 due to automation, says Report

The move will help them save a whopping $100 billion mostly in salaries annually, report said

STPIs reinvent as IT/ITeS players prefer WFH, eye other emerging verticals

About 12 Centres of Excellence have been recently approved and will be launched soon

High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%

Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out

KPIT Q4 net profit rises 23.6% YoY to Rs 47 cr, revenue dips 3.8%

The firm reported operating margin expansion by 150 bps due to improvement in utilization and offshore revenues

Tech Mahindra net profit up 34% YoY at Rs 1,081 cr, declines sequentially

Revenue for the quarter up 2.5% YoY to Rs 9,730 crore, and 0.9% compared to preceding quarter ended December 31, 2020

Demand remains robust despite second Covid-19 wave: HCL Technologies CEO

HCL Tech CEO C Vijayakumar spoke to Neha Alawadhi about the firm's plans for the year and the impact of the pandemic

IT industry needs a 'skiller' app to double digital growth in 5 years

Access to digital talent has been identified as a key hurdle to doubling growth in the industry in the next five years. Here's how it's trying to bridge the gap

Willing to help in fight against Covid-19: Velamakanni of Fractal Analytics

After the outbreak of Covid-19, Fractal quickly scaled up efforts to provide empathy towards its staff, customers and vendors. The AI firm is now set to cross $1 bn in revenue

HR head at HCL Tech says onshore offshore model changing due to pandemic

Flexible workforce trend is here to stay, says Apparao V V

Accenture India head Rekha Menon to take over as Nasscom chairman for FY22

She succeeds U B Pravin Rao, COO, Infosys, to become the first woman to take on this role at Nasscom; Krishnan Ramanujam of TCS is Vice Chairperson