Sector Software & Services - Latest news, views and updates

SECTOR | 26 Apr 2025

India, US in continuous dialogue on bilateral trade deal: MoS Jitin Prasada

Business Standard

India and the US have a continuous dialogue and communication on the bilateral trade deal and the first tranche is set to roll out by fall this year, Minister of State for the Ministry of Commerce & Industry and the Ministry of Electronics & Information Technology Jitin Prasada said. Prasada made these remarks while addressing members of the Indian-American community at an interactive session organised by the Consulate General of India in New York on Friday. India and the US share a great relationship, and there is continuous dialogue and communication between both countries. The last dialogue that Prime Minister (Narendra) Modi and President (Donald) Trump had, the formalities and modalities of the bilateral trade agreement have been worked out, and by September, this fall, you will see the first tranche of our programme and policies, Prasada said. At the beginning of the event, a moment of silence was observed to pay respects to the victims of the Pahalgam terror attack in ..

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.

Software & Services

SECTOR | 25 Apr 2025

India backs tech democracy, offers to share its DPI with the world

Business Standard

India said it is expanding its Digital Public Infrastructure ecosystem into areas such as agriculture and smart cities and stands ready to share successes with the international community, as UN leaders commended the country for its leadership in investing in this domain. Minister of State for the Ministry of Commerce & Industry and the Ministry of Electronics & Information Technology, Jitin Prasada, said that the Indian DPI success story is a showcase to the world. "DPI is all about empowering citizens, good governance, inclusive and sustainable growth at the societal level. The future will not be built by machines alone but by the choices we make about how technology serves humanity, Prasada said in his keynote address at the event organised by India's Permanent Mission to the UN at the world body's headquarters on Thursday. Prasada added that looking forward, India is expanding its DPI ecosystem into agriculture, logistics, smart cities and more. "The next wave will...

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.

Software & Services

SECTOR | 25 Apr 2025

AI helps contact centre agents in being more productive, says Genesys Chief Product Officer

Business Line

We don't see seat compression in BPO yet due to AI but it may happen in the future, says Genesys Chief Product Officer Olivier Jouve

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.

Software & Services

SECTOR | 21 Apr 2025

Cognizant Expands Partnership With Docusign To Provide Intelligent Agreement Management Solutions

NDTV Profit

The partnership aims to advance the Docusign intelligent agreement management platform and deliver intelligent and efficient solutions to customers.

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.

Software & Services

SECTOR | 18 Apr 2025

Bihar cadre IAS Pathak made additional secy; Bhuvnesh Kumar to head UIDAI

Business Standard

Senior IAS officer of Bihar cadre Keshav Kumar Pathak has been appointed as Additional Secretary in the Cabinet Secretariat as part of a major senior-level key bureaucratic changes announced by the Centre on Friday. Pathak, a 1990 batch Indian Administrative Service (IAS) officer, is presently the chairman of Bihar Revenue Board. The Appointments Committee of the Cabinet has approved his appointment as Additional Secretary, Cabinet Secretariat, by temporarily upgrading a vacant post of Joint Secretary, a Personnel Ministry order said. His cadre mate N Saravana Kumar, a 2000 batch IAS officer, has been appointed as Vice Chairman, Delhi Development Authority (DDA), it said. Senior bureaucrat Bhuvnesh Kumar has been named as Chief Executive Officer, Unique Identification Authority of India (UIDAI), the order said. A 1995 batch IAS officer of Uttar Pradesh cadre, Kumar is Additional Secretary, Ministry of Electronics & Information Technology (MeiTY). Amitesh Kumar Sinha, a 1997 batc

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.

Software & Services

SECTOR | 18 Apr 2025

Cognizant CEO Ravi Kumar's compensation dropped 25% to $16.8 mn in 2024

Business Standard

Kumar, who joined Cognizant two years ago after a long stint with rival Infosys, earned about $1.2 million in salary, which was up 24.2 per cent

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.

Software & Services

SECTOR | 16 Apr 2025

DLF Sells Kolkata IT-ITeS SEZ For Rs 693 Crore

NDTV Profit

The deal includes freehold land parcel admeasuring about 25.90 acres along with DLF Tech Park, which has a gross leasable area of about 10,54,357 square feet.

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.

Software & Services

SECTOR | 16 Apr 2025

Cognizant files 5-point argument urging Texas court to dismiss Infosys' counterclaim

Business Line

Cognizant's filing was in response to Infosys' claim that the US-based software company was using its monopoly to block its healthcare platform Helix from competing against Cognizant's TriZetto Software Group

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.

Software & Services

SECTOR | 15 Apr 2025

Citizens Financial Group to set up its GCC in Hyderabad with Cognizant

Business Standard

The centre is expected to scale to a headcount of 1,000 information technology and data & analytics professionals by March 2026

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.

Citizens Financial teams up with Cognizant to set up Global Capability Centre

Business Line | 15 Apr 2025

Software & Services

SECTOR | 08 Apr 2025

Government opens up Electronics Component Manufacturing Scheme (ECMS) for stakeholder consultations

Business Line

Smartphones exports surpassed 2-lakh crore in FY25 with iPhones contributing 1.5 lakh crore and expected to grow multifold in next 5 years: Ashwini Vaishnaw, Minister of Electronics and Information Technology

IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.