Indian firms selling SAAS products have got a bonanza as companies meet, manage and sell remotely. The top five firms - Zoho, Freshworks HighRadius, Druva, and Icertis - account for 33 per cent of the market share. Chennai, India's SAAS centre, alone generates $1 billion in annual revenue. Yuvraj Malik explains how these companies are planning their next phase of growth.
There is no shortage of books on the Microsoft founder, but this latest one is different in that it paints Mr Gates in shades of grey, leaving it to readers to make their own judgement about the man
On Monday, Chaturvedi became the first quadruple centurion in the Cooch Behar Trophy final as his knock earned Karnataka their maiden title in the U19 tournament.
The export-oriented software industry has reacted in several ways to the negative impact of rupee appreciation on its financial performance, especially in the last (April-June) quarter.
A sharp rise can be attributed to the significant changes in India's share buyback tax regime, which will come into effect from October 1, 2024.
Unlike AI uses for consumers, the next generation technology for enterprises will unfold over several years and the biggest challenge is to unleash AI for next wave of productivity for businesses, Infosys chairman Nandan M Nilekani said on Wednesday. While speaking at 43rd annual general meeting (AGM) of Infosys, Nilekani said the initial AI doomerism has quietened down and people have accepted that, like any other general-purpose technology -- electricity, nuclear energy, the internet etc, gen AI (generative artificial intelligence) has enormous potential for good when advanced within the guardrails of responsibility.
Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders. Also, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma has decided to oversee the day-to-day operations with all the major verticals reporting directly to him now. "The thing on top of everyone's agenda is getting the core businesses back on track," a person in the know said.
IITs anticipate COVID-19 restrictions to impact international offers being extended by global recruiters.
With increase in the number of multinational firms setting up base in India to cut labour costs, computer software and services export is estimated to have grown by 30 per cent during April-September 2003 touching $8.66 billion.
Allowing 12-hour shifts for all and night-time work for women was meant to benefit software firms, but is said to have clinched Foxconn's Rs 80 billion investment.
Pakistan's software piracy rate has increased to 86 per cent, placing it in fifth position among the top 20 countries with the highest piracy figures.
The Enforcement Directorate (ED) has filed a money-laundering case against Kerala Chief Minister Pinarayi Vijayan's daughter Veena Vijayan and her IT firm for receiving 'illegal payments' from a Kochi-based private firm, official sources said on Wednesday.
While Tata Elxsi will steer clear of building hardware sensors used in autonomous driving, the company is also working with large Tier-1 suppliers to co-develop sensors that will be work with its underlying software.
The Karnataka government on Wednesday put the reservation bill for Kannadigas in private firms on hold amid fierce criticism from business leaders and tech tycoons.
In a multi-year first, the country's largest software exporter TCS on Monday reported a marginal decline in its overall employees for the December 2022 quarter but announced that it will be hiring over 1.25 lakh staff in FY24. The software firm posted a decline of 2,197 people in its employee base for the October-December period to 6.13 lakh. The Tata group company, however, made it clear that this was due to the higher hiring done over the last 18 months, and not driven by the demand environment.
Global technology service provider EDS said on Monday it has reached an agreement to acquire Bangalore-based software testing firm RelQ Software Private Ltd.
Billionaire Mukesh Ambani's Reliance Industries and Tata Group have made it to the prestigious TIME's list of 100 World's Most Influential Companies of 2024. TIME called Reliance 'India's Juggernaut'. This is the second time that Reliance has found its way into the TIME list. Jio Platforms, the firm that holds digital properties of the conglomerate, was included in the inaugural TIME 100 Most Influential Companies List of 2021. Serum Institute is the other Indian company on the list.
Infosys' spending on research and development has registered a decline.
In the January-March period of last year, an amount worth $1,179 million was invested across 103 transactions.
Bangalore-based firm Sobha Renaissance Information Technology is set to unveil a software that will enable internet users to pay only for the bandwidth they use.
"How can a court order this? To say that the judgment, a public document, be pulled down will have very serious ramifications," said a bench comprising Chief Justice D Y Chandrachud and Justices JB Pardiwala and Manoj Misra after taking note of the submissions of Ikanoon Software Development Pvt Ltd, a Bengaluru-based legal website.
Over 100,000 small and medium-sized businesses are non-compliant with e-invoicing norms under the goods and services tax (GST) regime, a mandatory requirement for businesses with an annual turnover of over Rs 5 crore. E-invoicing provides real-time access to invoices that are prepared by the supplier on the purchase of goods, allowing faster accessibility to input tax credit, thereby limiting the manipulation of fake credit as it has to be generated before the transaction. "The default has been reported mainly in businesses with a turnover between Rs 5 crore and Rs 20 crore," a senior official informed
A judicial magistrate (first class) granted bail to the 17-year-old boy's father Vishal Agarwal, a prominent builder, and his grandfather, who were arrested in May-end and are currently in judicial custody.
The officer said that the driver may be presented in the court as a witness in the case.
India's security software market is expected to have an annual growth rate of 29 per cent till 2009, according to research and analyst firm IDC.
'In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.'
The size of the banking software application market globally is estimated to be at about $75 billion in 2007. The market is growing at about 5 per cent a year.
The CVC had asked the CBI to probe the 'irregularities in the tendering process and award of contract and undue benefit caused to the SAP/IBM'.
The average Rs 6,20,000 per annum salary was significant, considering the 30-40 per cent annual incrase in the talent pool of the top 50 companies, a nation wide survey by IDC India for Cybermedia's flagship publication Dataquest said.
Japanese information technology companies are mapping out a new base to outsource software development in India, according to Nihon Keizai Shimbun Monday.
Subex Azure, a telecom software product firm, is making the largest-ever overseas acquisition by an Indian software player by acquiring Canada-based Syndesis Limited for $164.5 million (around Rs 740 crore or Rs 7.4 billion) in an all-cash deal.
The value of the Indian Premier League went up 6.5 per cent to USD 16.4 billion (around Rs 134,858 crore) in 2024, according to a report by American investment bank Houlihan Lokey.
On LinkedIn, job postings for software engineers were the highest across multiple industries.
The revenue of Indian software market was at $4 billion in 2014.
'Firms such as Infosys, were started by people without instantly recognisable surnames. Our success motivated numerous new entrepreneurs,' writes Nandan Nilekani in his book Imagining India.
The security solutions software market in India is expected to touch $130 million by 2009 from $36.3 million in 2004 with the next wave of growth coming from small and medium enterprises, according to research firm IDC.
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