Page 2 - Software Services

Renault ties up with CSC Grameen e-Stores to open 300 booking centres

Automaker Renault India on Monday said it has opened 300 booking centres across the country in collaboration with CSC Grameen e-Stores

Software products sector a key growth driver for India, shows data

The sector has the potential to further leverage new and emerging technologies and unleash its untapped potential.

Indiamart to acquire majority stake in Livekeeping for Rs 46 cr

B2B e-commerce company Indiamart Intermesh on Friday said it plans to acquire 51 per cent stake in software-as-a-service firm Livekeeping for Rs 45.98 crore in an all-cash deal

One nation one software

Transforming property registration to unlock economic growth the way the NGDRS has done holds promise for similar cooperation in other areas

E-commerce firm Indiamart acquires 26% stake in Realbooks for Rs 13.75 cr

B2B e-commerce firm Indiamart on Monday announced acquisition of 26.01 per cent stake in cloud-based account software firm Adansa Solutions for Rs 13.75 crore. As part of the transaction, Indiamart's wholly-owned subsidiary Tradezeal Online Private Limited has acquired shares via a mix of primary and secondary share purchases. "Unlike existing desktop based software solutions which were designed for traditional businesses, the team at Realbooks has consciously designed a cloud first product which makes it appealing for new age businesses. "We believe that this investment complements other initiatives we are taking within this space, and are excited to partner with them for their next phase of growth," Indiamart CEO Dinesh Agarwal said in a statement. Adansa Solutions under the brand name 'Realbooks', offers a cloud based accounting software product for businesses and had turnover of Rs 2.6 crore in financial year 2021.

Tata Technologies to hire additional 1,000 people in FY23 to support growth

Tata Technologies has been growing rapidly on the back of the move to autonomous, connected, electrification and shared (ACES) mobility and accelerated investment in digital

Global artificial intelligence spending to reach $434 bn in 2022: Report

The market is expected to break the $500 billion mark in 2023, reports International Data Corporation (IDC)

India's software market revenues to cross $8.2 bn by 2021-end: IDC

The software market in India is estimated to surpass USD 8.2 billion by the end of the calendar year 2021, according to research firm IDC. India software market was pegged at USD 4 billion in the first half of 2021, registering a growth of 15.9 per cent year-over-year (YoY), as per IDC's Worldwide Semiannual Software Tracker 1H21 (January-June) report. India accounted for a share of 18.3 per cent of the overall Asia-Pacific excluding Japan and China (APeJC) region software market during the January-June 2021 period, it added. Microsoft, Oracle, and SAP maintained their leadership position in the India market during the first half of the year. "Indian enterprises are continuing their digital transformation initiatives with a clear focus on scalable, secure and agile frameworks. They ramped up investments on cloud for scalability, AI to leverage data accurately and serve the clients more efficiently, and security to protect their network and systems with greater emphasis on SASE and

Global AI software market to hit $62 billion in 2022, says Gartner

The AI software market encompasses applications with AI embedded in them, such as computer vision software, as well as software that is used to build AI systems

Happiest Minds aims to lower revenue dependency on US to below 65%

On average, the US gives 48 per cent of the revenue to domestic software companies, down from 55-60 per cent earlier.

Despite chip shortages, our clients haven't cut tech spend: KPIT Tech chief

In a Q&A, Kishor Patil, CEO and MD of the firm, also dwells on attrition and his company's initiatives to arrest it

Microsoft Corp could once again unseat Apple as most valuable company

The software giant is showing that it could have the best fundamental outlook

Microsoft Corp posts $20.5 bn in profits riding on Cloud, Office biz

Satya Nadella-run Microsoft has posted robust revenue riding on a strong performance on its cloud, server, and Office businesses

How to eat the world

Should the next 5 million software engineers be hired and trained like the first 5 million?

Exports of software services up 2.1% to $148.3 bn in 2020-21: RBI survey

Exports of software services, including services delivered by foreign affiliates of Indian companies, recorded 2.1 per cent growth during 2020-21 and stood at $148.3 billion, as per a RBI Survey

Infosys, SAP tie up to provide Business Process Transformation-as-a-Service

Infosys on Wednesday announced a strategic collaboration with SAP, a market leader in enterprise application software, to provide Business Process Transformation-as-a-Service to enterprises. Through this collaboration, Infosys will leverage business process intelligence (BPI) from SAP to identify opportunities and obstacles in the transformation journey and create a roadmap for clients, Bengaluru-headquartered Infosys said in a statement. Executive Vice President & Global Head of Enterprise Application Services, Infosys, Dinesh Rao, said, As we navigate through Cloud, BPI becomes an essential component of the transformation journey for enterprises". "Given our strong relationship with SAP, we will continue to deliver value and innovative solutions to our clients", he said. General Manager, Business Process Intelligence, SAP, Rouven Morato, said the value of BPI extends beyond IT and actually impacts how businesses operate.

HCL, HANCOM collaborate to share advanced software technology solutions

HCL Technologies on Tuesday said it has signed a pact with South Korean software company HANCOM Inc to share advanced software technology solutions and establish a mutual bridgehead for overseas expansion. HCL Technologies will support training for software development at HANCOM's research and development (R&D) centre in India, which was established in 2016, according to a regulatory filing. The Indian tech firm will also share its development studio and provide HR support to meet demand and development capacity at the R&D centre, it added. In addition, it will promote technological cooperation to strengthen HANCOM products' global competitiveness. The two companies also plan to cooperate on global market expansion, the statement said. This includes HANCOM's entry into Southeast Asian countries such as Taiwan, Vietnam and Bangladesh, Middle Eastern countries, and HCL Technologies' business expansion into the South Korean market, it added. "South Korea is a key strategic market

Infosys to announce Q2 earnings, interim dividend on Oct 13

India's second largest software services firm Infosys on Monday said it will announce its financial results for the September quarter on October 13.

IBM to set up Software Lab in Ahmedabad: Check details here

Proposed expansion is aligned with IBM's vision to shape future of software development through an open, secure, decentralized architecture that helps clients automate, secure, modernize and predict

Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise

Postman was founded in 2014 by Abhinav Asthana, Ankit Sobti, and Abhijit Kane