Page 7 - It Service

Maharashtra leads states with 13,541 govt-recognised startups: DPIIT data

Total number of approved startups at 73,205; Maharashtra's share is 18%

Cloud, security to be priority even if recession hits US: Morgan Stanley

The report suggests limited near-term impact for Indian IT services players, but commentary on FY24 will be crucial

JPMorgan downgrades India's IT sector performance as pandemic boom fades

The brokerage expects the slowdown to worsen in 2023 partly due to a potential decline in orders from the key market of United States, where economic growth has started to weaken

Wipro sees margin pressure over next few quarters as attrition rises

Wipro reported a near 4% year-on-year gain in consolidated net profit for the quarter ending March 31, while revenue rose 28.4%

TCS aims to be world's largest IT company; says large-scale ops not a worry

The comments from the TCS chief are significant because this means that the Tata Group would displace Accenture which had reported over $50 billion in revenue last year

Tata Consultancy Services' $50-billion goal below its growth standards

To reach its targeted revenue of $50 billion by the end of 2029-30, the company will need to grow at a CAGR of 8.9 per cent over the next eight years to achieve that goal

Multicloud is the Future: Ganesh Jayaraman - Head of Cloud Engineering & Operations India, Pegasystems

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83% jump in hirings: FY22 could be IT's best ever, shows data

Big 5 will collectively induct at least 160,000 employees

Technology will empower a billion Indians: Microsoft India President

On skills, it's estimated that more than half of Indian talent of all types will need reskilling in two years, says Anant Maheshwari

Indian IT services sector to see 4.5 lakh gross employee addition in H2

Indian IT services sector is expected to see a gross employee addition of about 4.5 lakh in the second half of the fiscal ended March 2022, according to a report by market intelligence firm UnearthInsight. With higher attrition in the second half of around 17 to 19 per cent, the industry is expected to have a net employee addition of about 1.75 lakh in H2 FY22, the 'IT Industry Q2 Insights & FY22 Forecast' report said. "Our H2FY22 report unveils insightful findings, and it further brings out the fact that the IT industry's perceived 'War on Talent' is real and it's getting intense with attrition is a rising concern for the industry. It's crucial for the industry to focus on Employee Value Proposition (EVP) even more aggressively to keep attrition in check," UnearthInsight founder and CEO Gaurav Vasu said. Vasu added that one of the highlights of first half is the way top IT firms have delivered upskilling programmes in completely digital format and have developed robust ...

Top headlines: India to tax blockchain system, UK recognises Covaxin

Future Retail goes to the Supreme Court in the latest round of its fight with Amazon. More on that story in Business Standard's top headlines at this hour.

The Great Return to office begins in IT after a long Covid-induced hiatus

TCS, the largest IT services player, has told all its employees to be back at their deputed locations by November 15

Optiemus to onboard 2,000 in 2 years, raise production capacity

Electronics manufacturing services firm Optiemus Electronics is planning to expand its production capacity and aims to increase its headcount by around 2,000 people in next two years, a senior company official said. The company's existing production capacity is likely to be exhausted within two years and it has started looking for locations to set-up a new manufacturing unit, Optiemus Electronics Limited (OEL) managing director A Gururaj told PTI. "We will have to wait and see how much volume our customers will look at, but I do believe that over the next one to one-and-a-half years, at least a couple of thousand people will be added on the shop floor, if not more," Gururaj said. At present, the company has a team of 300 people. OEL is among the electronic manufacturing services firms that have qualified for production-linked incentive (PLI) schemes for mobile phones, IT hardware and telecom products. The government is giving incentives to companies under the PLI scheme based on t

Indian IT's Q2 results to reflect growing digital transformation demand

Key metric to watch will be TCV wins, and attrition

Cognizant acquires a digital engg firm, its sixth acquisition in 2021

The company continues expanding in key strategic focus areas for digital -- digital engineering, data and artificial intelligence, cloud and the Internet of Things

West Bengal government to review pending IT projects in state licon

The West Bengal government will hold a meeting with IT executives to review the pending projects in the state, IT and Industry minister Partha Chatterjee said on Thursday.

NSE tech subsidiary acquires majority stake in Cloudxchange.io

NSEIT Ltd, the IT-services focused subsidiary of NSE, on Wednesday said it has acquired majority stake in integrated cloud service provider Cloudxchange.io. However, the financial details of the deal were not disclosed. With this addition of Cloudxchange.io, NSEIT will offer end-to-end digital transformation solutions from cloud to security, NSEIT said in a statement. Founded in 2016, Cloudxchange.io is a multi-cloud managed service provider for AWS, Azure, Google and Oracle Cloud. It has expanded its offerings to cloud consulting, multi-cloud aggregation, cloud back-up and disaster recovery (DR). It has over 250 enterprise clients across sectors including Banking, financial services and insurance (BFSI), manufacturing, logistics and the government. "In the current pandemic situation, India's financial services sector is focused on migrating to virtual operations. This need of the hour has led to an increasing demand for secure, scalable, and cost efficient infrastructure, thus ..

Wipro Q1 preview: PAT may jump 14-19% YoY; eyes on EBIT margin, guidance

Wipro Q1 preview: Nomura expects Q1 PAT to come in at Rs 2,732.1 crore, up 14.3 per cent YoY

Wipro ups IT services revenue guidance to 8-10% in April-June quarter

Wipro on Friday revised upwards its IT services revenue outlook to 8-10 per cent sequential growth in the June 2021 quarter, following the completion of its $1.45 billion buyout of Capco

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