TECHNOLOGY
Don’t see hiring going down due to AI, but how we train employees will change: TCS CEO K Krithivasan
Generative AI in most places is being used for experimentations and PoCs, it is too early call it mainstream or say it is causing reduction in workforce, he said
TECHNOLOGY
India offers to lead global AI regulation, plans to discuss draft framework at GPAI Summit in June-July: Rajeev Chandrasekhar
Chandrasekhar said that as the largest democracy in the world, India has both an opportunity and a responsibility to influence the way the world thinks about information and collaborates on regulations.
TECHNOLOGY
We'll get a proportionate share of rival’s customers: PhonePe CEO Sameer Nigam on Paytm crisis
Nigam also spoke in detail about the overall regulatory environment for fintechs and RBI’s action against this rival company. The company in question was given “ample time to accurately respond," he said
TECHNOLOGY
Meta doubling down on WhatsApp Business in India: MD Sandhya Devanathan
Around 60 percent of WhatsApp users in India are interacting a business every week through the messaging app.
TECHNOLOGY
AI will be the ‘FASTag’ for India’s economy, says Google India head Sanjay Gupta
He compared issues like language barrier, capital accessibility and size of business with toll gates on the highway of growth.
BUSINESS
IT industry growth halves to 3.8% in FY24 vs 8.4% in FY23: Nasscom
Overall growth projection has slowed down to 3.8%, as compared to an 8.4 percent growth the tech industry body had projected in the previous fiscal year.
BUSINESS
Crypto trading volumes in top Indian exchanges drop 21% between December and January
While crypto deposit inflows increased by as much as 250-2,000 percent for certain Indian exchanges in January, following a ban on nine offshore exchanges, this did not translate to higher trading volumes.
TECHNOLOGY
Oracle India unveils roadmap for cloud business after 50% YoY growth
The company is also betting big on SaaS, as it estimates the business opportunity in India to grow to $50 billion by 2030
TECHNOLOGY
Efficiency engineering, cost reduction driving BFSI deals: HCLTech’s Srinivasan Seshadri
HCLTech posted 13% YoY growth in constant currency terms for financial services in Q3, while peers TCS and Infosys reported a YoY decline.
TECHNOLOGY
Intel India MD Santhosh Viswanathan on the challenges of setting up a semiconductor fab in the country
Citing example of Intel and its peers, who work on more advanced semiconductor nodes of 7 nm and below, he said it’s a lot more complex consideration for the company as manufacturing these advanced nodes is capital intensive
TECHNOLOGY
HCLTech, Infosys, LTIMindtree driving Copilot adoption, says Satya Nadella
Differences at company levels will start to show up, especially in technology, soon if they are not early adopters of AI. That’s why the IT services companies in India are going fast and furious on it, the Microsoft CEO has said
TECHNOLOGY
Microsoft CEO Satya Nadella says AI has bridged gap between India and the world
India is one of the highest growing markets, we are closely tracking impact of AI on percentage of GDP growth, Nadella said. Microsoft is going to provide AI skilling opportunities to 2 million people in India by 2025.
TECHNOLOGY
WazirX founder Nischal Shetty, ex-Zebpay CEO Avinash Shekhar launch crypto futures exchange Pi42
Pi42 is currently offering five tokens including Bitcoin, Ether, Solana, MATIC and XRP. Retail investors will be able to access crypto market with a leverage of up to 20x and no expiry dates.
TECHNOLOGY
Accenture’s $450-million Gen AI pipeline is more than the top 10 Indian IT companies’ combined
The global giant also has the advantage of being a one-stop shop of a kind. However, analysts hasten to add that not all these projects are money-spinners.
TECHNOLOGY
SoftBank-backed Polygon lays off 60 employees, restructures business
Impacted employees will be offered two months' of severance pay and health benefits through the end of February in locations where the company provides health benefits.
BUSINESS
Budget skips cryptos even as India works in sync with G20 on regulation
The RBI too continues to caution people against crypto despite the US SEC's recent approval of Bitcoin spot ETF trade.
TECHNOLOGY
India will be unstoppable with global AI shift, says Microsoft’s Puneet Chandok
Chandok was speaking at Microsoft's first ever AI Tour in India, happening a week before CEO Satya Nadella’s visit.
TECHNOLOGY
TCS bags 15-year deal from UK-headquartered insurance company Aviva
Sources told Moneycontrol that this new agreement will be a mega deal for TCS. Aviva has been working with TCS for nearly 20 years.
TECHNOLOGY
Wipro, Infosys, Cognizant CEOs shrug off poaching concerns
While some senior executives joined rival Tier-I companies, many others took up chief executive positions in mid-tier and unlisted IT companies.
TECHNOLOGY
Good Glamm Group co-founder Priyanka Gill joins Kalaari Capital as venture partner
She will continue to be a co-founder at the Good Glamm Group, where she now has been elevated as the chairperson of Good Media Co.
BUSINESS
Inside Tech Mahindra’s restructuring game plan
CEO Mohit Joshi details three-track strategy to turnaround the IT services giant’s business
BUSINESS
Tech Mahindra ends Q3 with 4,354 fewer employees
The attrition rate dropped from 11 percent in Q2 to 10 percent in Q3, continuing the trend of declining attrition rates since the start of fiscal year 2023.
TECHNOLOGY
Generative AI will go mainstream over the next 2-3 years: Persistent Systems CEO Sandeep Kalra
The mid-tier IT services company currently has over 75 active generative proof of concepts in work. While the revenue is small at the moment, Kalra believes it’s a promising area
TECHNOLOGY
Davos 2024: AI is having fundamental impact on the business models of IT services companies: Francisco D’Souza
D'Souza, the co-founder and managing partner of Recognize, a private equity firm, asserts that the present moment holds significant importance for the IT services sector. According to him, three distinct factors are converging to shape this pivotal period.
