Sector Software & Services - Latest news, views and updates

SECTOR | 13 Jun 2025

India poised to become the AI office of the world: Cognizant's Rajesh Varrier

Business Line

Varrier highlighted that in the last 20 years, India's GDP has only grown on the back of technology, and the adoption of the internet

Software & Services

SECTOR | 06 Jun 2025

China urges BYD, EV rivals to end price war and avoid cost undercutting

Business Standard

The meeting was hosted by the Ministry of Industry and Information Technology, the market regulator and the top economic planning agency

Software & Services

SECTOR | 06 Jun 2025

Genpact acquires AI solutions provider XponentL Data to boost capabilities

Business Standard

Genpact buys XponentL Data, gaining domain-led data strategy, AI engineering skills and partnerships with AWS, Microsoft and Databricks to accelerate AI transformation

Software & Services

SECTOR | 06 Jun 2025

Cognizant clinches back-to-back mega deals amid industry slowdown

Business Line

Cognizant Technology Solutions has secured two consecutive mega deals worth over $1.5 billion, including a nearly $1-billion healthcare contract.

Software & Services

SECTOR | 05 Jun 2025

Cognizant wins two mega deals, eyes return to IT top four by 2027

Business Standard

The two deals won in the ongoing quarter, which ends on 30 June, are in the communication, media and technology (CMT) and health sciences business

Software & Services

SECTOR | 02 Jun 2025

AI-ML hiring grows 25% in May, IT sector records 5% decline: Report

Business Standard

While hiring in the Artificial Intelligence and Machine Learning (AI/ML) sector posted 25 per cent year-on-year growth in May 2025, the broader Information Technology sector saw a decline in job opportunities. According to the Naukri JobSpeak May 2025 report, overall hiring in the IT sector fell by 5 per cent compared to the corresponding period in the previous year. "In an otherwise stable job market, what stood out in May was the continued momentum in AI/ML hiring across metros alongside steady demand for senior professionals, a trend that's held firm over the past year," Naukri Chief Business Officer Pawan Goyal said. In May 2025, while overall hiring remained stable, industries like real estate (5 per cent growth) and insurance (6 per cent growth) emerged as relatively bright spots, according to the report. Hiring in Retails, Telecom/ISP, and Banking, Finance & Broking declined 8-9 per cent. However, unicorns in Banking and Financial Services ramped up hiring by 29 per...

Software & Services

SECTOR | 02 Jun 2025

Karnataka Police To Tackle Fake News, Cyber Frauds With Agentic AI

NDTV Profit

In order to tackle fake news and misinformation, the Department of Electronics, Information Technology and Biotechnology has established the Information Disorder Tackling Unit.

Software & Services

SECTOR | 30 May 2025

India likely to possess 46K graphics processing units in a fortnight

Business Standard

Results for the second round of GPU bidding were announced on Friday by Union Minister for Electronics and Information Technology Ashwini Vaishnaw

Software & Services

SECTOR | 23 May 2025

Cognizant Open-Sources AI Accelerator, Partners With Pegasystems For AI-Led Enterprise Transformation

NDTV Profit

The open-source software enables domain experts, researchers, and developers to start prototyping and building agent networks.

Software & Services

SECTOR | 21 May 2025

Cognizant launches 600-workforce strong techfin centre in GIFT City

Business Line

Cognizant has leased out 60,000 square feet in one of the multi-storied towers in GIFT SEZ