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Sandip Patel, Managing Director, IBM India told BT that software and technology will continue to grow in double digits for the Indian operations.

IBM expects software and technology to grow at double digits in India, says its MD

Sep 15, 2022

Even on a large base, there is enough to be done in software and consulting, says the technology major’s India boss.

Apple launches Watch Ultra for Rs 89,900

Apple's Watch Ultra is finally here! Check out features and price

Sep 07, 2022

Apple Ultra Watch has been made from aerospace-grade titanium to provide the perfect balance of weight, durability, and corrosion resistance. The case rises up to surround all edges of the flat sapphire front crystal, protecting the Retina display, which is up to 2000 nits — 2x brighter than any Apple Watch display yet.

 The e-Yantra Innovation Challenge also gives participants a platform to launch their own start-ups with incubation support from the IIT Bombay Incubator SINE.

IIT Bombay launches e-Yantra Innovation Challenge, winning teams to get seed funding from prize pool of Rs 1 cr. Details

Sep 05, 2022

According to IIT Bombay, this year’s theme gives young minds a platform to seek solutions for a better and more inclusive living experience for the urban populace. It takes into account climate change and better provisions for persons with disabilities (PwD). The Challenge allows students to form multi-disciplinary teams from different institutions and domains.

SourceFuse expects to double revenue to Rs 175 cr by March, hire 200 people in India (Photo: Reuters)

SourceFuse expects to double revenue to Rs 175 cr by March, hire 200 people in India

Aug 15, 2022

SourceFuse Co-CEO and Co-Founder Gautam Ghai told PTI that for the past three years, the company has been doubling revenue every year.

Infosys CEO Salil Parekh

IT spends in good shape; see continued strength in US, Euro markets: Infosys' Salil Parekh

Aug 09, 2022

The optimistic commentary from the Infosys management comes even amid talks that the global economy may be facing an increased risk of recession.

IT veteran Sanjay Jalona joins ChrysCapital as operating partner

IT veteran Sanjay Jalona joins ChrysCapital as operating partner

Aug 02, 2022

He will continue to base out of the US and will work closely with the advisory team, led by Akshat Babbar, in the sourcing, identifying, evaluation, management and exit related activities in relation to investments made in this sector.

Tech Mahindra net profit falls 16% to Rs 1,132 crore in June quarter

Tech Mahindra net profit falls 16% to Rs 1,132 crore in June quarter

Jul 25, 2022

It added 6,862 employees during the quarter to take its total headcount to 1.58 lakh.

ChrysCapital hires ex-L&T Infotech chief as operating partner

ChrysCapital hires ex-L&T Infotech chief as operating partner

Jul 25, 2022

Jalona has spent three decades in the IT services sector and as the CEO and Managing Director at Larsen & Toubro Infotech, he led LTI’s digital transformation into a technology and digital solutions company with client-centric innovation.

Sequentially, the net profit decreased 16.9 per cent from Rs 3,087 crore in the previous quarter (Q4FY22).

Wipro Q1 results: Net profit falls 21% to Rs 2,563 cr as overall expenses rise

Jul 20, 2022

Wipro's revenues rose 19 per cent to Rs 21,529 crore in the quarter under review as compared to Rs 18,252.4 crore in the same quarter last fiscal. 

Indian tech sector has also pumped in around $3 million more for K-12 initiatives, impacting 2.9 million students and teachers so far

Indian tech cos generated $103 bn revenue, employed 207K people in the US in 2021: Study

Jul 14, 2022

As per a report brought out by NASSCOM and IHS Markit, Indian technology companies are continuing to grow their presence in the US and have become a vital part of the US economy’s innovation progress.

Mindtree Q1 results

Mindtree Q1 results: Net profit rises 37% to Rs 471 cr; revenue up 36%

Jul 13, 2022

Sequentially, Mindtree's profit dropped marginally in Q1FY23 from Rs 473.1 crore in March quarter (Q4FY22).

HCL Tech Q1 results

HCL Tech Q1 results: Consolidated PAT rises marginally YoY to Rs 3,283 cr, interim dividend declared

Jul 12, 2022

Revenue from operations also grew 16.9 per cent YoY to Rs 23,464 crore for the first quarter of 2022-2023 as against Rs 20,068 crore in the same quarter last fiscal.

TCS' margins contract 240 basis points YoY in Q1; here’s what Rajesh Gopinathan has to say

TCS' margins contract 240 basis points YoY in Q1; here’s what Rajesh Gopinathan has to say

Jul 08, 2022

While commenting on the fall in operating profit margins, Rajesh Gopinathan, chief executive officer and managing director, TCS said, “This is the bottom where we do our annual wage increases and promotions. The total impact of that on our profit and loss is about 150 basis points.”

TCS Q1 results

TCS Q1 results key takeaways: Employee costs up 18% YoY, firm declares dividend of Rs 8 and more

Jul 08, 2022

The company announced its results post-market hours. Earlier in the day, shares of the company closed 0.67 per cent down at Rs 3264.85 while the benchmark equity index BSE Sensex settled 303 points or 0.56 per cent, higher at 54,481.84.

TCS Q1FY23 results declared

TCS Q1 results: Net profit rises 5.2% to Rs 9,478 cr, dividend declared

Jul 08, 2022

TCS said its revenue rose 16.17 per cent YoY to Rs 52,758 crore in June quarter from Rs 45,411 crore in the corresponding period last fiscal.

IT firms' revenue growth to fall sharply in FY23: Report

IT firms' revenue growth to fall sharply in FY23: Report

Jul 07, 2022

The moderation from 19 per cent to 12-13 per cent will be the highest in the last eight years, the report added.

Salesforce plans to offer $2 mn grant for education, workforce devpt in India

Salesforce plans to offer $2 mn grant for education, workforce devpt in India

Jul 06, 2022

With a strategic focus on education and workforce development, these grants are expected to impact over 40,000 individuals across India, said the company known for customer relationship management (CRM) offerings.

India developing ecosystem to hold social media accountable: Ashwini Vaishnaw

India developing ecosystem to hold social media accountable: Ashwini Vaishnaw

Jul 06, 2022

Self-regulation is a first step in the direction of making social media accountable, followed by industry regulation, and then government regulations, the union minister said.

Wage increments, travel costs key risks to margins for IT companies in Q1; here’s what to expect

Wage increments, travel costs key risks to margins for IT companies in Q1; here’s what to expect

Jul 05, 2022

The corporate result season for India Inc. is set to kick off this week with information technology major Tata Consultancy Services' earnings on July 8. There are expectations that wage increments, higher retention costs, increased travel costs and a drop in utilisation levels may hit the margins of the IT sector in Q1FY23. Here's all you need to know ahead of the earnings season.

India's SaaS market to be valued at $50 billion by 2030, says study

India's SaaS market to be valued at $50 billion by 2030, says study

Jun 29, 2022

With $4.8 billion in venture capital invested in the industry in 2021, nearly 3 times as much as in 2020, the SaaS market in India has already reached a critical turning point, noted a report by Bessemer Venture Partners.

CERT-In extends MSMEs' cybersecurity compliance deadline to September 25

CERT-In extends MSMEs' cybersecurity compliance deadline to September 25

Jun 28, 2022

This comes after the cybersecurity agency acknowledged receiving several requests from MSMEs for an extension of the timelines for the agency's April 28th-issued Cyber Security Directions.