Sector Software & Services - Latest news, views and updates

SECTOR | 19 Jun 2025

Cognizant Partners With Google Cloud To Deliver AI-Powered Customer Service

NDTV Profit

By pairing generative AI with human support in contact centre operations, the collaboration aims to improve customer satisfaction, accelerate support and drive smarter interactions.

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 18 Jun 2025

India's IT/ITes sector flexi workforce to reach 900K by 2030: Careernet

Business Standard

With India's IT and ITeS sector embracing flexible staffing as a core workforce strategy, a report on Wednesday revealed that the gig economy, which is growing at 15 per cent annually, will touch 9 lakh professionals by 2030. Currently, India's IT/ITeS sector employs 3,90,000 flexi workforce, accounting for around 7 per cent of the total 5.8 million professionals in the sector, talent solutions provider Careernet said in a report - "The Rise of Flexi Staffing: Outlook for India's IT/ITeS Talent Landscape". The report projected this number to more than double to 9,00,000 by 2030, growing at a 15 per cent Compound Annual Growth Rate (CAGR). The Careernet's 'Rise of Flexi Staffing: Outlook for India's IT/ITeS Talent Landscape' report is based on real-time hiring data, market research, and industry trends. "With India being a global offshoring hub, demand for flexi workers is expected to rise in the IT/ITeS sector. India's IT/ITeS flexi staffing segment is undergoing a structural...

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 16 Jun 2025

IT companies, BPOs set target of 100% electric vehicle cab fleet by 2030

Business Standard

The target is rather ambitious. It means converting 95 per cent of the existing fleet of over 900,000 cabs, which transports corporate employees from home to office and back

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

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

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 06 Jun 2025, 08:17PM

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

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 06 Jun 2025, 06:32PM

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

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

Software & Services

SECTOR | 06 Jun 2025, 04:16PM

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.

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

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

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

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...

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.

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.

Prabhudas Lilladhar released a Sector Update report for Software & Services on 01 Jul, 2025.