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Majority of Capgemini's 2 billion euros investment in AI coming to India

The other big focus of the investment for the firm is partnership and setting up CoEs. India has always been the centre point for the firm when it comes to CoEs. At present, the firm has over 100 CoEs

GCCs become attractive choice for talent on back of better pay, growth

According to talent management firm Randstad, there is a 20-25 per cent lateral movement of talent from IT firms to GCCs across sectors due to several factors that extend beyond salaries

'A large part of our Gen AI asset development happens from india'

Ghosh speaks on the sidelines of Nasscom Technology Leadership Forum in Mumbai, and shares India's role in driving the GenAI strategy

IT industry to grow 3.8% in FY24 to cross $250 billion, says Nasscom

FY24 growth coming at a slower pace, from a growth rate of 8.4% last year

'Avoid one size fits all' approach in deepfake regulation: BSA to Meity

BSA is a global alliance of software companies, including giants like Adobe, Cisco, Microsoft, IBM, and others. It has a presence in over 30 countries

IT giant TCS looks to double staff in France over next three years

TCS is aiming to double staff in France over the next three years as it sees handsome business growth in the European country, a senior official said on Thursday. At present, the largest Indian IT services company employs 1,600 people in France across four major centres in the country. France is among the fastest growing markets in Europe for TCS, growing much faster than the numbers it reports for the continent, its head of European business, Sapthagiri Chapalapalli, told PTI. Chapalapalli said TCS has been present in France for over three decades now and right now, it feels that the bulk of the groundwork is ready for a faster growth of the business going ahead. The business in France will "multiply" from here on by growing at an accelerated pace courtesy building blocks which have been put in place, he said. It has been working with 80 French clients across all major sectors which are key to the local economy and also runs an innovation centre in Paris. A bulk of its 1,600 sta

Mukund Rao joins engineering services firm Xoriant as prez, global markets

Prior to joining Xoriant, he was the Chief Business Officer of Banking, Financial Services at LTIMindtree

Persistent Systems aims to expand margins, to hire fewer freshers

Mid-tier IT services company Persistent Systems aims to visit fewer campuses for hiring freshers, a senior official said on Monday. Over the next three years, the company is also targeting to expand its operating profit margin by about 3 percentage points above the levels of about 14.5-15 per cent it aims to exit FY23, its chief financial officer Sunil Sapre told PTI. Speaking two days after the Pune-based company announced its December quarter earnings, Sapre said it is already carrying candidates who have been trained for 18 months in some cases and are yet to be deployed on projects, which is making it circumspect about fresher hiring in the new year. "We will be there at campuses, but we will do it (hire) more judiciously," Sapre said. When asked if he meant that the company will visit fewer campuses when he says judiciously, Sapre replied in the affirmative. He said that for the company, which added about 500 people to take its overall strength to 23,336, all the hiring is do

IT services emerge as top segment in global IT industry spending: Gartner

Indian IT spending to record a double-digit growth of 11.1% in 2024

We see GenAI as enhancer of total addressable market for us: Genpact CEO

In their first joint media interaction, Tyagarajan and Kalra speak about the company's legacy and the way forward in an interview with Ayushman Baruah

It's talent tug of war: Why Cognizant is in the crosshairs of top IT firms

Cognizant pulling top executives from rivals has triggered a legal battle at a time when the pie is shrinking

Bengaluru-based IT company Mphasis appoints new Europe & GBPS head

Mphasis specialises in cloud and cognitive services and is based in Bengaluru. It has recently launched a dedicated AI Business unit

TCS has to keep evolving as GenAI technology rises: CEO tells employees

IT services company has to 'keep pace with the times', says K Krithivasan in New Year message

Accenture GenAI offering sees momentum in Q1 FY24, signs $450 mn bookings

The growth trajectory in Q1 for GenAI is of significance for the top IT services players who are eyeing this segment as the next growth area

AI accelerating disruption leads to IT talent shortage, shows survey

With AI accelerating disruption at an unprecedented pace, IT departments are facing a talent shortage, as one in three IT leaders surveyed flagged difficulty in finding qualified talent. It also stated that the current scenario presents a missed opportunity for strengthening business outcomes and talent retention. Ed-tech company Skillsoft in its '2023 IT Skills and Salary Survey' revealed challenges such as skills gaps, talent shortages, and technology transformation are impacting IT departments, with one in three IT leaders facing difficulty in finding qualified talent. "With AI accelerating disruption at an unprecedented pace, the need for workforce training has never been more obvious and consequential. Organisations are at a critical point where they need to be deliberate and proactive about building skills and capabilities -- especially related to AI -- or risk falling behind in the coming year," Skillsoft Chief Information Officer Orla Daly said. Skillsoft's '2023 IT Skills

Wipro, RSA ink new multi-year contract to accelerate cloud migration

The contract will accompany RSA on its journey over the next couple of years to modernise its infrastructure and the use of Cloud technology

Wipro chief growth officer Stephanie Trautman steps down amid restructuring

Under the leadership of CEO and MD Thierry Delaporte, Wipro started the CGO to create a focussed unit to chase large deals

Esconet Tech aims 3-fold jump in revenue to Rs 300 crore by March 2026

IT solution firm Esconet Technologies Ltd is aiming to achieve a three-fold jump in revenue to Rs 300 crore by March 2026 and plans to launch a public issue to raise funds for expansion. The company posted a revenue of Rs 94.97 crore and a Profit After Tax (PAT) of Rs 3.03 crore in 2022-23. In the first half of this year, the company posted a revenue of Rs 71.46 crore and a PAT of Rs 3.05 crore. In a statement, Esconet said it plans to expand its manufacturing capacity comprising high-end servers, workstations and storage systems. It is also expanding its Private Cloud vertical, further strengthening its integrated solutions offerings. "To meet the capex and working capital needs to support expanding operations, the company plans to tap the capital markets -- through listing on NSE Emerge," the company said. Corporate Capital Ventures has been appointed as the book running lead manager to the issue. "Driven by unwavering commitment in providing innovative and reliable solutions to

Realty boost: IT SEZ developers get flexibility to use vacant space

A notification amending the SEZ Rules, 2006, issued by the ministry, said a part of the SEZ could be declared "non-processing area" where free-zone rules would not apply

NYSE-listed Waters Corp invests $16 million in new GCC in Bengaluru

Waters Corporation has about 450 employees in India and plans to hire another 300 for its new GCC in Bengaluru