BUSINESS
Wipro, Tech Mahindra, Infosys ride generative AI wave; see up to 30% productivity jump
IT companies say it's still too early to give a verdict on the impact on project delivery timelines but see greater promise, even as analysts express concerns about reduction in headcount
BUSINESS
NVIDIA to train 50,000 Infosys employees on AI technology
This is NVIDIA’s third major collaboration announcement in India this month, after partnership announcements with Reliance and Tata.
BUSINESS
IAMAI's leadership seeks to ensure chairman, 50% of governing council is from Indian companies
The resolution also seeks to define what would be considered an Indian company to avoid ambiguity.
BUSINESS
SAP Labs India looks to double AI talent base by 2024, upskilling existing workforce
Sixty percent of the company's core R&D team in some way or the other is involved in AI today, SAP Labs India MD Sindhu Gangadharan told Moneycontrol.
BUSINESS
Govt considers 10 chipmaking proposals under $10 billion incentive scheme
Next edition of India's annual semiconductor conference to be held in Delhi in September 2024
BUSINESS
North Bengaluru turns city’s new hotspot, as infrastructure and business lead the way
The metro lines that are currently under construction link north Bengaluru to the Outer Ring Road, prompting tech companies and real-estate firms to look beyond Whitefield and Electronics City.
BUSINESS
G20 curbs ate into 15-20% orders from food delivery platforms in Delhi last weekend
Around 25,000 food and grocery delivery riders are estimated to have lost income during the G20 Summit days, according to industry executives.
BUSINESS
AI could be India’s largest export, says Nvidia CEO Jensen Huang
CEO Jensen Huang said he believes this is a golden time for India, and international desire to invest in India is unlike any time in history.
BUSINESS
India needs to have AI sovereignty: NVIDIA CEO Jensen Huang
Huang, who met Prime Minister Narendra Modi on August 4 as part of his visit to India, said the company would like to work on the acceleration of building AI infrastructure in India.
BUSINESS
NVIDIA inks partnerships with Reliance and Tata to bring advanced AI technology to India
NVIDIA CEO Jensen Huang also detailed his discussions with Prime Minister Modi on how AI can help transform India and the role that his company will play.
BUSINESS
Indian IT service companies stay away from initial placements, GCCs offer limited relief
Placement heads and coordinators across various universities and colleges in the country confirmed to Moneycontrol that no Indian IT services companies have made it to campuses thus far.
BUSINESS
Adoption of cloud going beyond cost optimisation, used for growth and transformation: Infosys report
Over $300 bn in Cloud commitments made by companies is untapped as only 47 percent of current cloud commitments are utilised.
BUSINESS
Sports-loving startup executives clash with Badminton Association over league tournament
Players' fear of being blacklisted by the Badminton Association of India if they play in the new league has left the tournament hanging, with its fate in the court’s hands.
BUSINESS
The cost of comfort: E-commerce, food-tech firms look to lift bottom-lines with ‘convenience’ fees
This fee is typically 0.5-1 percent of a platform’s average order value, and helps absorb some of the logistics costs. With certain firms, this fee is non-refundable. This encourages shoppers to bundle their orders, and be more responsible with returns
BUSINESS
4B Networks’ Rahul Yadav’s anticipatory bail plea rejected by Mumbai court
Rahul Yadav's anticipatory bail plea was denied by a Mumbai city sessions court.
BUSINESS
LTIMindtree gives many employees 0-2% hike, after delay
This is a trend that has been seen with most IT services majors this year, including Infosys, HCLTech, and Tech Mahindra.
BUSINESS
Rahul Yadav's 4B Networks runs out of time to respond in arbitration with Innov8
Rahul Yadav and Sanjay Saini have also filed for anticipatory bail in the criminal case against them.
BUSINESS
Co-working firm Innov8 goes into arbitration with Rahul Yadav's 4B Networks for unpaid dues
Meanwhile, Yadav’s delaying tactics continue as 4B Networks asks for more time in its arbitration proceedings with Innov8 and Info Edge. He was also questioned twice by the Mumbai Police this week.
BUSINESS
As IT hiring plummets, GCCs emerge as a ray of hope for Indian staffing firms
Global capability centres of multinational firms are either setting up India operations or expanding existing ones, lifting demand for staffing firms
BUSINESS
TCS gets some relief after court in US trims discrimination lawsuit
In December 2022, a former TCS employee filed a lawsuit accusing the company of having a systematic pattern of discriminating against non-South Asian and non-Indian applicants and employees
BUSINESS
Legal troubles continue for Rahul Yadav and 4B Networks, vendor files complaint over Rs 10 cr in unpaid dues
A first information report (FIR) has been registered by the Mumbai police against Yadav and Sanjay Saini of 4B Networks for cheating. Sources close to the development say that a lookout notice has been issued against Yadav.
BUSINESS
A ‘techtonic’ shift: Why India is becoming a hub for GCCs
From providing support, employees of global firms in India are now at the forefront of operations, and this has seen even companies that had previously shuttered their captives in India return to the country
BUSINESS
India has the talent and market to become a global tech, manufacturing powerhouse: Intel's Sandra Rivera
Rivera said Intel sees an opportunity in the buildup of the original equipment manufacturer, original design manufacturing ecosystem, and the electronics manufacturing industry in India.
BUSINESS
Infosys wins $1.6-billion deal from Liberty Global
The deal has an initial tenure of five years that can be extended to eight, which will take the deal value to $2.5 billion
