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Near-term disruption likely in IT sector; FY22 should be normal year: Citi report
COVID-19 has provided IT services companies with an opportunity to test work from home (WFH) concepts, and innovate on services as well as delivery. Clients have also adopted technology at a faster pace than earlier, to ensure business continuity and some of these shifts will likely stay in the post-COVID-19 world, given cost and efficiency benefits.
Indian IT leans on govt spends, managed services as deals slow
While short-term projects are getting stalled, the managed services segment, w...
Hiring sentiment showing signs of recovery: TeamLease Employment Outlook for Apr-Sep
The hiring sentiment, which had sunk by 86% from the pre...
Sivasankar had recommended Swapna Suresh's name for Space Park job, says committee
Suresh is the key accused in the attempt to smuggle in 30 kg of gold through diplomatic channelon July 5 and has been arrested along with two others involved in the case being probed by the Customs and National Investigation Agency.
COVID-19 pulls down global sourcing market down by 5% in Q2: ISG Index
“In line with our prediction last quarter, the managed services market was off 16 percent as enterprises reined in operating expenses in the face of a pandemic-related slowdown in business activity,” said Steve Hall, partner and president of ISG. “As-a-service spending did a bit better than we expected"
Mid-size IT companies invest in digital initiatives as clients take to virtual platforms
Most firms, including Mindtree, Zensar, Persistent Systems, LTI and Hexaware, have seen an improvement in their free-cash flows and margins in the quarter ended June, mainly on account of strict cost-cutting initiatives, industry experts said.
ISPs call for ban on websites of China-backed companies
"We support the government's action of blocking 59 Chinese apps and they should be more aggressive and go beyond these 59 apps. They should block websites, corporate assisted websites and send out a strong message," said Rajesh Chharia, president of Internet Services Providers Association of India (ISPAI).
Blowout earnings spur biggest upgrades for Indian tech since 2013
Twelve-month forward earnings estimates for the 50-member S&P BSE Information Technology Index have climbed 4.6% in July, the most since October 2013, according to calculations by Bloomberg.
IT services companies to suspend hiring this year: Mohandas Pai
The former Chief Financial Officer of IT services major, Infosys Ltd, said the IT industry has done a "fabulous, unbelievable and remarkable" job in transitioning more than 90 per cent of its employees to work from home.
China's 3 main telco operators have built over 400,000 5G base stations: Ministry
The figure marks an increase from the 130,000 5G base stations constructed in the year 2019. The ministry has said in the past it expects to have built over 600,000 5G base stations in total by the end of 2020.At the press briefing, MIIT Vice Minister Xin Guobin also said China will support infrastructure for battery swapping service for electric vehicles.
Measures in place to detect fake news, hate speech, objectionable content: Facebook to Delhi HC
Facebook has submitted before the high court that it cannot remove any allegedly illegal group, like the bois locker room, from its platform as removal of such accounts or blocking access to them came under the purview of the discretionary powers of the government according to the Information Technology (IT) Act.
India 'important digital power', won't compromise on data sovereignty: Prasad
The comments from the minister come days after the country blocked 59 Chinese apps on concerns around "sovereignty and security". A day after that, Prasad had termed the move as a "digital strike" and added that the apps were banned to protect data of citizens.
Coronavirus impact on economy to be like 2008 financial crisis: Former Infosys CFO Balakrishnan
"It's (now) exactly like 2008 when everything got shut down over a period of time but again recovery then was in a V-shape because central banks and all got in and stabilised," Balakrishnan said. "Now, central banks are helpless; interest rates are almost zero in most parts of the world...I think the pain is going to be similar to what we saw in 2008 and we don't know how long this is going to last."
Value of 'roti, kapda, makaan and internet' reinforced due to lockdown: Deepak Parekh
Parekh said the global economy has never before simultaneously seen demand and supply evaporate and the pandemic has revealed the fragility of health systems and the lack of social safety nets the world over. At the same time, the lockdown has reinforced the value of the essentials of life -- food, clothing, shelter and now, the internet.
TikTok may mount a legal challenge against ban
The platform was one of 59 Chinese mobile applications that was banned on Monday.