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News Source : IETS

2020-09-25T01:53:17+05:30

Women fashion retail chain maurices hires TCS as technology partner
TCS will be the company's digital transformation partner and build its greenfield IT ecosystem with the intent of optimizing its 200 existing applications and software components within the next 17 months.

Atal Innovation Mission to be tech garage of India: Amitabh Kant
The government's Atal Innovation Mission (AIM) will emerge as the technology garage of India, rolling out products and applications across sectors, Niti Aayog chief executive officer Amitabh Kant told ET.

Zensar Technologies to switch to work from anywhere
While most IT firms have said that they expect to move to a hybrid model over time, Zensar is among the first to opt for a structure focused more on working remotely.

Tech Mahindra to be preferred partner for Japan's Rakuten Communications Platform
Through the agreement, Tech Mahindra will also provide managed IT, security and network services to Rakuten Mobile in Japan, and there are also plans to designate Tech Mahindra as an official reseller of RCP.

MeitY in process of amending IT rules for intermediaries to make them more accountable: Dhotre
Dhotre said Section 79(1) of the Information Technology (IT) Act, 2000, grants intermediaries a conditional immunity with regard to any third party content uploaded on their platforms.

From finance to healthcare, India is adopting automation at a global pace: ET-ILC members
Automation in business is inevitable and Covid-19 has only accelerated it across the globe. Industrial robots are making instant decisions and companies like Qualcomm with their robotics platforms like RB3 and RB5 are making it possible.

BPM companies see digital deal surge in UK
“Our public sector business in the UK has done well. We are supporting the government in a particular project around track and trace. All of that has helped us stay ahead,” Partha DeSarkar, CEO, HGS, told ET.

Indian IT firms should focus on proactive problem recognition and solution mindset: Murthy
Speaking at an AIMA event, Murthy said Indian IT companies will continue to grow anywhere between 7 to 10 per cent with operating margins being between 15 and 20 per cent.

Former employee alleges sexual harassment by two Cognizant executives, files lawsuit in US
According to the lawsuit filed in the court of Middle District of Florida, the former employee, a woman of Hispanic origin, was hired by Cognizant Technology Solutions Service in 2017. She allegedly faced sexual harassment between 2018 and 2019.

IT industry has struggled as clients cut spends, but seeing more activity in digital: Wipro Chairman
During the lockdown in India and other countries, companies such as Wipro, Infosys, TCS, HCL Tech and others saw organisations across markets either delayed their ongoing technology projects or cancelled many proposed deals.

HCL tech acquires Australian IT firm DWS for $115.8 million
The DWS Group closed FY 2020 with revenues of $ 122.9 million and has over 700 employees with operations in Melbourne, Sydney, Adelaide, Brisbane, and Canberra. It provides a wide range of IT services including digital transformation, application development and support, programme and project management and consulting.

HCL to double workforce in smaller towns; allow staff in larger cities to move back to hometowns
"In the light of COVID-19, we have been able to leverage some of these locations very well to tide over local pandemic flare ups. So having more people in smaller locations have been very helpful.” Vijayakumar added that a lot of employees felt safer being in their hometowns and close to their families which is a positive aspect for the company.

Tamil Nadu seeks 10,000 seats under India BPO Promotion Scheme
In a letter to Union IT Minister Ravi Shankar Prasad, Palaniswami said the scheme has been successful in Tamil Nadu, resulting in providing 7,705 seats in Software Technology Parks of India (STPI), Chennai jurisdiction (including 7,605 seats in Tamil Nadu and 100 seats in the Union Territory of Puducherry) to the BPO industry in the region.

Ashok Soota: With Happiest Minds' stellar debut, one of Indian IT's original poster boys makes a rousing comeback
The Rs 700-crore initial public offer of the company, which ended on September 9, had been oversubscribed by more than 150 times. This was in keeping with Soota's astounding track record that also boasts of the 2007 IPO of Mindtree, his former company, the issue of which had been oversubscribed by 103 times.

Hikes, hirings and a visa workaround: Three cheers for Infosys amid Covid gloom
Plans are also afoot to start massive recruitments in many parts of the world including in India soon, said Infosys CEO Salil Parekh.

Indian IT firms see rise in engineering research and development deals from their global clients
Last week, Wipro received a multi-year global contract for providing automotive engineering services from Marelli. Analysts said the deal could be worth $250-300 million spread over a few years. KPIT received a five-year software services deal estimated at more than $60 million deal from tier-I automotive company.

L&T Technology Services, UK's Exponential-e to offer workplace solutions
"The combination of these solutions will accelerate digital transformation of the workplace, across industries through digital technologies and platforms," LTTS said in statement.

TCS wants more women leaders in top deck, sensitisation on caste issues also on cards
“Today diversity is among the centre points of focus for our CEO and leadership. I have upfront seen the board-level questions, board-level interest in this subject,” said TCS’ chief leadership & diversity officer Ritu Anand.

Wipro to provide engineering services support for Intel's solution
The Open Network Edge Services Software (OpenNESS) is a multi-access edge computing (MEC) software toolkit that was developed by Intel and allows developers to create and deploy applications at the network edge or on-premise edge locations.

After a slew of top level exits, Cognizant eyes internal talent to be next leaders
Since Humphries took over as CEO in April last, Cognizant has seen over two dozen senior executives quit, including its India chairman and managing director Ramkumar Ramamoorthy and head of global delivery Pradeep Shilige, sparking criticism among employees. He has also cut costs by reducing the workforce by as much as 12,000 people.

Infosys to buy Czech consultancy firm GuideVision for 30 million euros
“This acquisition is an important milestone in our journey to build capabilities relevant to the digital priorities of our clients," said Ravi Kumar, President, Infosys, said. The acquisition is expected to close during the third quarter of fiscal 2021, subject to customary closing conditions.

Nasscom expects Indian ER&D sector to grow to $75 billion by 2025
The engineering research and development services or ER&D, including development centres of global companies and businesses of Indian companies, generate $31 billion currently and the domestic market contributes nearly $2.5 billion out of that.

IT firms are hiring fewer people in legacy skills, demand for cloud, data analytics rise
With more organisations moving their services online, software services cos such as Infosys, TCS, HCL Tech, Wipro, Tech Mahindra and others are scouting for more digital transformation deals that need professionals with new-age skills.

Wipro plans to set up Digital Innovation Hub in Germany
Wipro on Tuesday said it plans to set up a Digital Innovation Hub at Dusseldorf in Germany that will serve as the IT services major's flagship centre in Europe.

Nutanix India business grows by 42% in the past year including five months under Covid-19
In April, Nutanix announced a partnership with IT services firm Wipro for digital database services, which would allow enterprises to efficiently manage databases optimizing time and effort of IT teams.

Leading Indian IT company HCL sets up 1st development centre in Sri Lanka
India's leading IT company HCL has set up its first development centre in Sri Lanka, the Indian High Commission here said on Tuesday.

Wipro bags multi-year contract from automotive supplier major Marelli
As part of this agreement, Wipro will use its EngineeringNXT framework and strong automotive engineering expertise to establish a software engineering factory for Marelli, said the company in a press release. Wipro has been an IT partner to Marelli, helping the company standardize, simplify and enhance their IT services at a global level.

New gen services, products to be half of HCL revenues in 3 years: C Vijayakumar
Right now, we are still in the middle of the pandemic and India is still at an intense phase. However, post this normalizing, we would expect a good number of people coming into our offices, said Vijayakumar while replying to a question.

TPT South Africa partners with TCS for logistics supply chain transformation
Expected to be ready in 12 months, the Cargo Connect marketplace will reshape the industry and drive TPT's growth, the statement added.

Tech Mahindra to offer Blockchain solutions built on Amazon Managed Blockchain Services
As part of the collaboration, Tech Mahindra will offer solutions for the aviation, telecom and healthcare supply chain. This includes kit management for aviation and aerospace to effectively track and trace ‘kits’ as they are procured from multi-tier suppliers in the aviation industry.

Gig work picking up pace ahead of full time employment in IT companies
These technology services providers are stepping up hiring of gig workers in areas like Robotic Process Automation, Robotics, Artificial Intelligence and Machine Learning, the staffing firms said.

IT services will continue to be significant part of India's job environment: TCS CEO
He also emphasised on the need for experienced IT professionals to embrace automation and other new technologies to remain competitive even as youngsters, who could be native to these new tools, enter the workforce.

Can NTT India handle client needs in a post-Covid world to become a $1 bn company?
In India, NTT India is deeply entrenched in banking operations. It manages the networking needs of 60% of the over-120,000 bank branches in the country. It also has a significant play in managing networks and backend technologies of telcos and BPO units.

Western Digital bets big on growing smart video surveillance market in India
Western Digital India Marketing Director Jaganathan Chelliah said smart video solutions have become an integral part of life whether it is at workplaces, home or communities and cities.

Small Is Beautiful: Karnataka’s new IT policy offers sops for co-working spaces, tech firms away from Bengaluru
The policy focuses on strengthening digital infrastructure in tier-II and tier-III cities and enable remote and distributed labour, taking a cue from the way technology firms have responded to the Covid-19 pandemic and the resultant nationwide lockdowns.

Infosys to acquire US-based firm Kaleidoscope for $42 mn
Kaleidoscope brings to Infosys a diverse talent pool with extensive knowledge of design and engineering, said the Indian IT services major in a press release.

One-fifth of IT budgets allocated for cloud by Indian enterprises: IBM study
The study has also highlighted that organizations in India are expected to spend nearly half of their cloud budget on hybrid multi-cloud infrastructure over the next three years to take their services online.

Tech Mahindra launches dedicated ‘Microsoft business unit’
The new business unit will focus on developing enterprise cloud solutions leveraging Microsoft platforms and technologies to meet the dynamic needs of customers and pursue their growth agenda, the company said.

Cognizant to acquire Chicago-based cloud specialist firm 10th Magnitude
The acquisition is expected to add to the company’s Azure expertise within its ‘Microsoft Business Group’ segment. The acquisition adds to the company’s portfolio of development and managed services hubs in major cities throughout the US. This will be Cognizant’s sixth cloud-related acquisition in 2020.

Demand for smart factories expected to pick up: Capgemini MD, India Market
Digital features will be a staple of greenfield manufacturing projects and the company’s India unit hopes to capitalise on demand for the same in the coming quarters, said Ananth Chandramouli.

Infosys says it plans to hire 12,000 American workers over next two years
“Infosys has been intensely focused on creating jobs in the U.S. for the past three years, and I am proud that this new commitment to hire 12,000 American workers by 2022 expands on that previous initiative,” said Salil Parekh, CEO, Infosys. “We are excited to grow our presence in the U.S. as the digital transformation journeys of our clients accelerate.”

Tech Mahindra launches cloud operations and subscription management platform for enterprises
iCOPS will deliver a unified management experience across hybrid and multi-cloud operations with a focus on enhancing compliance and security for enterprises. The platform leverages AIOps (Artificial Intelligence for IT Operations) and analytics to provide insights for cloud operations including capacity utilization and continuous cost optimization across all cloud environments.

Blockchain toolkit developed by WEF has the imprints of Dubai and the UAE


H-1B visa: Denial rates for IT services companies continue to remain high
There were six Indian companies among the top 25 employers, and only one, Tata Consultancy Services, among the top ten. The denial rates for these companies, and others like Cognizant (52%), Deloitte (41%) and Accenture(31%) who bring in employees and place them at client locations was significantly higher than product and technology companies like Facebook (7%) and Microsoft (12%).

Coronavirus pandemic is a tech-opener for organisations
Those who adopted the technology are able to take advantage over laggards who are struggling to cope with the disruption: Panellists

From a buzz to biz lever: How new technology is becoming central in a post-Covid world
Behaviour changes are here to stay, automation will happen across industries — and that’s a good thing, say ET Back to Business panellists as they chart how new technology is becoming central in a post-COVID world.

HCL's US arm faces patent infringement claim related to one of its software products
HCL America is due to respond to the lawsuit filed by a Texas-based company, Coretek Licensing, by 28 September, as per court documents reviewed by ET.

Here is how the process of virtual onboarding is playing out at Indian IT companies
IT firms had frozen hiring in March due to the pandemic induced lockdown fearing business disruption globally. As Indian and Western cos stepped up investments in technology, they have also increased outsourcing to companies such as Infosys. In June, Indian IT cos said that they have resumed taking on people, both freshers as well as experienced.

Internet of Things adoption in India still at niche stage: Deloitte report
Technical challenges of connectivity, compatibility, interoperability, and cybersecurity are other challenges that are holding back IoT adoption in India, according to the report released by Deloitte India in collaboration with CII.

Govt forms a committee to fast-track rules for work from anywhere
This working group is under the larger inter-ministerial group set up by the ministry of electronics and IT (MEITY) that has been coordinating with ministries such as telecom, labour and commerce to make temporary relaxations permanent and also bring in large scale reforms to boost work from home.






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