Software Services

India fastest-growing developer community on GitHub; PM Modi praises youth

GitHub predicts that India will surpass the US to have the world's largest developer population on the platform by 2028

Cybersecurity firm Rapid7 attracts acquisition interest from buyout firms

Rapid7 competes in the vulnerability management market against larger rivals such as Tenable, which has also been exploring a sale, and Qualys

Infra, talent, startups: Why tech leaders are betting on AI's India future

They country that exports software services must now do same in the new technology, they say

Software services export grows to $205.2 bn in FY24, US major destination

India's total exports of software services, including services delivered by foreign affiliates of Indian companies, increased to USD 205.2 billion during 2023-24 from USD 200.6 billion in the previous fiscal, according to a Reserve Bank survey. India's exports of software services (excluding their sales through overseas commercial presence) increased by 2.8 per cent during 2023-24 to USD 190.7 billion, according to the data related to the 2023-24 round of RBI annual survey on computer software and information technology enabled-services (ITES) exports. The US was the major software export destination with a 54 per cent share, followed by Europe (31 per cent share), where the United Kingdom was a major destination country, according to the data. In the survey, 7,226 software export companies were contacted, of which 2,266 firms, including most of the large companies, responded. The participating companies together accounted for nearly 89 per cent of total software services ...

Tata Tech-BMW form 50:50 JV to focus on software-driven solutions

The partnership comes as automakers increasingly rely on software to drive innovation in their vehicles

India hub driving global AI innovation; new campus plans on track: SAP Labs

SAP labs India, the biggest R&D hub for German software maker SAP outside its headquarters, is sharply focused on driving global AI innovations from here, managing director Sindhu Gangadharan said adding that plans for opening a new, sprawling campus in Bengaluru are on track. SAP Labs India is on an expansion drive and the construction of the first of the three phases of a new campus in Bengaluru is already underway, another company official said adding the first phase entailing a capex of Euro 80 million is expected to be completed by Q2 of 2025. Gangadharan said that AI and GenAI (generative AI) have triggered an "incredible" business transformation, enabling companies to leverage the new-age technologies to reimagine customer experiences and processes, she said asserting that India with its talent and skillset has the power to lead AI innovations. SAP Labs India is focusing on Custom AI and multi-agent AI technology to drive the next wave of business transformation for its ...

Apple begins testing AI software to bring a smarter Siri to iPhone 16

Apple is giving more people the chance to test a software update that will implant artificial intelligence into its virtual assistant Siri and automate a variety of tedious tasks on the latest iPhone coming out Friday . The free update was made available Thursday to an audience that has signed up to test Apple's software before it's released to all iPhone owners next month. As of Thursday, only two premium iPhones that came out last year contain the souped-up processor required to power the AI features included in the update, but that will change Friday when four new iPhone 16 models reach store shelves. All iPhone 16 models, with starting prices ranging from $800 to $1,200, are equipped to handle the new technology, which the company is marketing as Apple Intelligence. That branding is part of an effort to distinguish the iPhone's AI from similar technology already available in smartphones released earlier this year by Samsung and Google. The AI features are being promoted as one o

Salesforce keen on expanding in India, to invest more in Hyderabad, B'luru

Customer relationship management-focused entity Salesforce is keen on expanding in India and looking for more space in the country, a top official said on Wednesday. The company, which has centres in Bengaluru and Hyderabad to support global operations, is looking for space to expand in India currently, its chief operating officer Brian Millham told PTI here. Apart from this, Salesforce also serves the domestic market and this business has been the fastest-growing one in any country for two consecutive years. "India has been incredible for us from a growth perspective. But maybe that even pales in comparison to what we see in India from an employee perspective," he said, making it clear that the support rendered to the global operations is important. The company will continue to invest in India going forward as well, Milham said, adding, "In fact, (we are) looking for new space and expansion in that market." When asked about the same, its chief of engineering Srini Tallapragada ..

Nazara to invest Rs 982 cr in PokerBaazi parent firm, buy 47.7% stake

Esports company Nazara Technologies on Friday said it will invest Rs 982 crore in Moonshine Technology, which owns real money gaming platform PokerBaazi. As part of the deal, Nazara will buy a 47.7 per cent stake in Moonshine Technology for Rs 831.51 crore comprising Rs 592.26 crore cash transaction and a share swap worth Rs 239.25 crore. With the share swap arrangement, select investors and management personnel including Baazi Games, CEO and Founder, Navkiran Singh, will hold 3.17 per cent stake in Nazara Technologies. Besides this, Nazara will invest Rs 150 crore to subscribe to a 100 per cent compulsory convertible which can be converted into equity at a future date as per the agreement clause. "Nazara to invest Rs 982 crore in Moonshine Technology which owns India's leading online poker gaming platform PokerBaazi," Nazara said in a statement. "...PokerBaazi has not only emerged as the undisputed leader in online poker gaming in India but has also set new standards in user ..

Enforce traceability, privacy norms on internet call, messaging apps: COAI

The government should enforce traceability and user privacy rules on WhatsApp, Telegram, Google Meet as well as other calling and messaging apps along with telecom operators as such platforms provide similar services using internet network, industry body COAI said. Telecom operators want the government and regulator to enforce message traceability and user privacy rule on these apps to curb spam and illegal activities as majority of messaging traffic has moved to data networks from SMS, COAI said. In a recent direction, the Telecom Regulatory Authority of India (Trai) has mandated telecom operators to enhance message traceability. The regulator has mandated that the trail of all messages from senders to recipients must be traceable from November 1, 2024. Cellular Operators Association of India (COAI), which represents Reliance Jio, Bharti Airtel, Vodafone Idea and others, said that while the telecom service providers are working jointly with the Trai and the other stakeholders on th

Newgen Recognized in an Analyst Report on Task-Centric Automation Software Landscape

The report informs about the industry focus and deployment options of automation vendors

Indian SaaS sector likely to reach a market size of $50 billion by 2030

Amongst the surveyed organisations, 99 per cent of firms in India said that they plan to increase their cyber budgets, with half of them anticipating a 6-15 per cent rise

Nasscom urges govt to have simple and single interpretation on compliance

Nasscom was reacting to the Rs 32,400 crore goods and services tax (GST) demand from India's second-largest IT services firm, Infosys

Nvidia releases software, services to boost rapid adoption of GenAI

Nvidia's chips have become central to the surge in building new systems being deployed to support artificial intelligence computing

Tesla veteran Jay Vijayan's startup Tekion secures $200 million funding

Automotive software platform gets backing of Dragoneer Investment Group at a valuation of $4 billion

Sonata Software to get 20% of revenue from AI-led services in 2-3 yrs: CFO

To fuel its growth plans, Sonata will also be looking at acquisitions provided it fits the company's strategy

Tally expects 30-40% revenue growth in FY25; to expand overseas footprint

Homegrown accounting software firm Tally Solutions looks to expand its footprint in the Middle East, Southeast Asia and Africa and expects revenue growth of 30-40 per cent this financial year, a senior company executive has said. "Currently, we provide accounting software solutions mostly to the Micro, Small and Medium Enterprises (MSMEs) and are growing at 20-30 per cent annually. We expect revenue growth of 30-40 per cent in 2024-25," Tally Solutions Managing Director Tejas Goenka told PTI. Further, Goenka said that the company currently has a limited presence in Africa, the Middle East and Southeast Asia and is planning to expand going forward. "We are present in Kenya, Indonesia, the UAE and Saudi Arabia. We think there is a huge potential to expand in these three geographies. We are working on a long-term goal on the expansion and we try to be very aggressive. We aim to win the market with businesses thinking of us as the go-to brand," he said. The company, which enjoys a 70-8

Newgen Software Q4 result: Net profit up 32% at Rs 105 cr, revenue up 23%

Tech firm Newgen Software Technologies on Tuesday posted a 31.67 per cent increase in consolidated net profit (attributable to shareholders of the company) to Rs 105.26 crore for the fourth quarter ended March 2024. The company had reported a net profit of Rs 79.94 crore in the year-ago period. Revenue from operations, driven by strong growth in Europe, Middle East, and Africa (EMEA) and India region, rose 23.01 per cent year-on year to Rs 375.26 crore, as against Rs 305.05 crore in Q4FY23, according to a BSE filing. The largest share of revenue was brought in by the banking vertical (73 per cent), followed by insurance (8 per cent), and Govt/PSUs (5 per cent). For the full FY24, the company's profit stood at Rs 251.60 crore, a 42.13 per cent ascent from the previous fiscal's Rs 177.01 crore. Revenue for the year was 27.70 per cent higher at Rs 1,243.82 crore. "We are delighted to close another good growth year in terms of revenue and profit with strong growth in India and EMEA .

Zoho announces manufacturing power tools under its new venture 'Karuvi'

Zoho is the parent company of well-known technology brands, including ManageEngine, Zoho.com, TrainerCentral, and Qntrl

Data centre operator Yotta plans capacity booster for AI efforts

Apart from serving India, the company also aims to cater to the global demand