Page 2 - It Sector

Tech industry one of the most spoilt in the mode of work: Rishad Premji

Indian IT companies are facing challenges in re-establishing the work-from-office model of pre-pandemic times

Sensex, Nifty close in red for 7th straight session on weak global trends

Analysts said investors are grappling with central bank policies that may remain hawkish for longer than what was priced in by markets

Wipro announces new global business line model to meet client priorities

Wipro Ltd on Monday announced four strategic global business lines as it looks to deepen alignment with clients' evolving business needs and tap emerging opportunities in high-growth segments of the market. The new model sharpens focus on strategic growth areas of cloud, enterprise technology and business transformation, engineering, and consulting, Wipro said in a release. The changes will be effective from April 1, 2023. "Wipro Limited today announced four strategic global business lines to deepen alignment to clients' evolving business needs and capitalise on emerging opportunities in high-growth segments of the market," the company said. Wipro Managing Director and CEO Thierry Delaporte said the company is now doubling down on its strategic bets to take growth to its next phase. "Our transformation journey over the past three years has yielded outstanding growth for our business. So much that we have outgrown the two-business line model that we had set at the beginning of our

Top headlines: Modi, Scholz discuss ties; Ant Group to pare stake in Paytm

Business Standard brings you the top headlines at this hour

Top headlines: Unemployment rate dips to 4.1%, FDI inflows take a hit

Business Standard brings you the top headlines at this hour

Punjab has best ecosystem for IT and startup sector: Minister Meet Hayer

Punjab has the best ecosystem for IT and startup sector and offers immense opportunities, according to state minister Gurmeet Singh Meet Hayer. The State Governance Reforms Minister also said the Punjab government has taken special care to ensure that the industry is an equal partner in policy decisions. "Punjab is now land of immense opportunities. Chief Minister Bhagwant Mann has given hope to people that Punjab can be put on orbit of high growth trajectory of economic growth by transforming it into an industrial hub," the minister said on the second and concluding two-day Progressive Punjab Investors Summit here. He also said Punjab is the home of leading entrepreneurs of the nation and now Ajay Banga, a Punjabi would lead the World Bank. At a session, Meet Hayer said that the state currently has more than 150 registered IT units operating with approximately 35,000 IT professionals. Mohali, the city which is hosting the event, is rapidly developing as IT Hub. It has a strategic

India top country in AI skill penetration globally: Nasscom report

India's 'AI Skills Penetration Factor' has been reported to be 3.09 -- the highest among all G20 and OECD countries

Super apps to help conversational commerce market reach $135 bn by 2027

As super apps slowly become a reality, the global spend via conversational commerce will reach $135 billion by 2027, rising from $39 billion in 2023, a report showed on Tuesday.

Cautious outlook

Activity in IT sector is expected to slow

SoftBank Group reports massive $5.9 bn net loss amid global tech meltdown

There is no respite for SoftBank Group in the ongoing global tech meltdown as the Japanese investment giant on Tuesday reported a massive around $5.9 billion net loss

Infosys to partner with GE Digital for grid transformation solutions

Work will help operators realise a more reliable and sustainable grid, say companies

Life after layoffs: Disbelief, confusion and a fight for survival

As they cope with grief and a feeling of loss, many of those let go by firms are turning to therapy

Give incentives for sectors impacted by economic meltdown: IT leaders

ICEA recommended reducing the inputs of the open cell at zero duty

IT and start-up hiring to stay muted in 2023, niche tech roles to keep pace

This layoff period, coupled with a lull in hiring, is expected to last over the next two or three quarters, say experts

Google cuts add to tech wipeout that has claimed over 100,000 jobs

Big tech companies benefitted from boom in e-commerce sector that kicked off during Covid lockdowns in 2020 but now they are reporting declining growth rates as customer behavior returns to normal

Digital India Act to be more principle-based: MoS IT Chandrasekhar

The ministry of electronics and IT has introduced the Digital Personal Data Protection Bill, the National Data Governance Framework policy, and IT Rules, 2021, in the last two years

TMS Ep347: IT Q3 results, Auto Expo 2023, markets, Ganga Vilas cruise

What do IT results indicate about the sector's future? What makes Auto Expo 2023 different? Will the rupee continue to gain strength? What is the Ganga Vilas cruise? All answers here

Wipro follows IT trend, logs 2.8% rise in Q3 consolidated net profit

Top IT players Q3 reports show resilience in strategy, beat macro uncertainty

IT may turn the corner, banks' outperformance to continue: ABSL AMC CEO

India is likely to see broader economic growth going forward, equity should be the preferred asset class, the Aditya Birla Sun Life Asset Management Company CEO says

Age of celebration of tech for tech's sake is over, says MS CEO Nadella

Suggesting that the age of celebration of technology for technology's sake is over, Microsoft Chairman and CEO Satya Nadella on Thursday said it is now about technology and its use for everyone in the world, where India can contribute immensely. Speaking at the 'Microsoft Future Ready Technology Summit' here, he also highlighted the "magic" of government programmes and India Stack "co-evolving" in the country. "I had a chance to have a brief conversation with the Prime Minister yesterday, his vision and all the programmes, the yojanas and the India Stack. In fact the thing I'm realising is the magic of India Stack, because everything needs feedback. The yojanas or the policy and the technology stack co-evolving, that's just like a virtuous cycle that is unlike anything I have seen and it's just tremendous," Nadella said. He said, "I absolutely think both of these are perhaps the greatest contributions that India can make to the world quite frankly. The idea that there is digital ...