Page 2 - It Industry

Infosys Science Foundation names winners of 14th Prize in six categories

The Infosys Prize focuses on the achievements of the recipients and awards them for their contributions to science and research impacting India

Indian IT, business services market grew 7.4% in first half of 2022: Study

The IT and business services market in the country was valued at $7.15 billion between January and June 2022, according to IDC

Tech Mahindra Q2 net down 4% YoY to Rs 1,285 cr on supply side pressure

Profit was up sequentially, however; Revenue rose 20.7% YoY and 3.3% QoQ, driven by growth in CME segment and the US market

ITC stock slips despite good performance in September quarter

All analysts are bullish on the firm with target prices ranging from Rs 375 to Rs 490

Best of BS Opinion: Headwinds from the West, Xi's China syndromes & more

Here is the best of Business Standard's opinion pieces for today

The glare on moonlighting: It needs creative solutions

The underlying principle of using carrot rather than sticks may work better in tackling a problem that the IT biggies cannot wish away

Industry body Nasscom launches responsible AI hub and resource kit

The resource kit comprises sector-agnostic tools and guidance to enable business to leverage AI to grow scale with confidence by prioritising user trust and safety, the Indian IT industry body said.

Cisco launches India Webex infra, sees permanent shift to hybrid work model

Facility's dedicated data centre will enable Cisco to offer India-specific pricing for its customers, taking down costs by over 50%

TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high

Net profit has crossed the Rs 10,000-crore mark for the first time

Half of all Indian cos set to boost ICT budget post 5G rollout: KPMG study

The report adds that over 85% of Indian enterprises from various sectors are expecting up to 20% return on investments made in 5G and industry 4.0 use cases

Only our India hub has SAP's full product portfolio: SAP Labs India MD

'SAP, it's about retaining talent because, being a product company, we cannot have people staying with us for just a year or so'

IT industry logged 25% attrition in FY22, trend to continue: Report

Non-technology lapping up as employees seek work flexibility and opportunities for career development

Moonlighting not ethical: IBM India's Patel joins IT industry debate

Wipro's leader Rishad Premji and Infosys have warned against practice before

India's hiring outlook ranked second globally: ManpowerGroup report

The report showed that India has the strongest net employment outlook for the December quarter in the Asia- Pacific region, followed by China (46 per cent), and Australia (38 per cent)

TMS Ep253: Reliance FMCG, IT industry, Shapoorji Pallonji, Nord Stream 1

Will Reliance's FMCG entry be another Nirma moment? Will margin pressures end IT's glory days? What next for Shapoorji Pallonji Group after Mistry's death? What's Nord Stream 1 pipeline? Answers here

Return to workplace may ease moonlighting concerns in IT industry: Experts

The issue of moonlighting by tech professionals has ignited a fresh debate, polarising opinions and raising thorny legal questions, though many believe that staff's gradual return to office floors will likely ease the concerns. Moonlighting refers to employees taking up side gigs to work on more than one job at a time. With the vexed issue now in the spotlight, some industry watchers expect employers to consider extra safeguards to protect proprietary information and operating models, especially where employees are working remotely. Companies, analysts say, could also turn tougher on exclusivity clauses in employment contracts. That said, employers may feel somewhat reassured as tech workers trickle back in, and the office cubicles start to get occupied more regularly. While the practice of moonlighting emerged as a big talking point after Wipro Chairman Rishad Premji flagged the issue, equating it to "cheating", the industry's take on it is rather divided. Tech Mahindra CEO C P .

Indore to soon start working 24X7 to facilitate IT, BPO sectors, start-ups

The Indore district administration in Madhya Pradesh is all set to open round-the-clock working activities in areas around the Bus Rapid Transit System (BRTS) corridors to attract investment especially in the Information Technology sector, an official said. Efforts are being made to start this within a week, he said. Local administration held a meeting with police officials, business establishments and elected representatives on Saturday in Indore to discuss the roadmap for opening of such activities in certain areas of the state's biggest city. After the meeting, Indore Collector Manish Singh told reporters that Chief Minister Shivraj Singh Chouhan had in a workshop announced to make Indore the start-up capital of the state. "It was suggested to open round-the-clock working not only to support IT companies, Business Process Outsourcing (BPO) establishments, but also to strengthen the city economy. The CM had issued directives to work in this direction, he said. The issue was dela

IT services companies' salary costs growing faster than revenues

The six IT services firms, on average, earned net sales of around Rs 38 lakh per employee in FY22, up from Rs 33.5 lakh in FY17 and Rs 37.3 lakh in FY20

IT industry's 'people' conundrum may delay its revenue growth targets

The current talent crisis may delay the industry's efforts to move up the value chain by delinking headcount and revenue streams

Personal data protection bill: IT industry seeks part in consultation

IT industry players have appreciated the government's move to withdraw the personal data protection bill and have sought participation in the consultation process for the fresh draft.