Sector Software & Services - Latest news, views and updates

SECTOR | 16 Sep 2025, 11:38PM

CBI files supplementary chargesheet in NSE co-location scam case

Business Standard

The CBI has filed a supplementary chargesheet in connection with the NSE co-location case against a number of brokers, officials said on Tuesday. The agency had continued its probe against brokers who allegedly benefitted from the scam, while its findings against former NSE MD and CEO Chitra Ramkrishna and others were submitted in its chargesheet filed before a special CBI court in 2022. The supplementary chargesheet filed before a special court on Monday details the role of broker firms allegedly involved in the scam and their modus operandi. The CBI had registered an FIR against stock trader Sanjay Gupta and OPG Securities on May 28, 2018, under IPC sections related to criminal conspiracy, Information Technology Act, and provisions of Prevention of Corruption Act. Gupta was chargesheeted along with Ramkrishna and four others in 2022. It was followed by a number of supplementary chargesheets filed in the case. The FIR alleged that certain NSE officials facilitated OPG Securities

Software & Services

SECTOR | 15 Sep 2025, 09:28PM

India adopts techno legal route for AI safety, innovation, says Vaishnaw

Business Standard

Asserting that India has adopted techno legal approach for AI safety, Minister of Electronics and Information Technology Ashwini Vaishnaw on Monday said the tilt of the government is more toward innovation than regulation. "We have taken a very different approach in AI safety, whereas the many parts of the world look at AI safety more as a legal challenge. They want to create a law, pass a law, and then believe that AI safety will come," he said here. However, he said, "We have taken a techno legal approach, and our AI Safety Institute is a virtual institute, which basically is a network of institutes. And each of these nodes in the network have taken one problem to solve for." Speaking at the launch of two initiatives -- AI for Viksit Bharat Roadmap: Opportunity for Accelerated Economic Growth and NITI Frontier Tech Repository under its Frontier Tech Hub -- by Niti Aayog here, the minister said the government bias in technology is more towards innovation. "When there is a trade of

Software & Services

SECTOR | 14 Sep 2025

Develop solutions to counter AI-based fake news: Par panel urges govt

Business Standard

A parliamentary committee has asked the government to develop concrete legal and technological solutions for identifying and prosecuting individuals and entities responsible for spreading Artificial Intelligence-generated fake news. The Standing Committee on Communications and Information Technology, in its draft report, called for a balanced approach for deploying AI to curb fake news, noting that the technology is being used to detect misinformation but can be a source of misinformation as well. The draft report of the committee, headed by BJP MP Nishikant Dubey, was recently submitted to Lok Sabha Speaker Om Birla. It will be tabled in Parliament during the next session. The Committee also urged for "close coordination between the Ministry of Information and Broadcasting, Ministry of Electronics and Information Technology (MeitY), and other ministries and departments concerned to develop concrete legal and technological solutions for identifying and prosecuting individuals and ..

Software & Services

SECTOR | 11 Sep 2025

Cognizant CEO Ravi Kumar says firm back in top four IT services firms

Business Standard

Ravi Kumar said Cognizant has rejoined the top four IT services firms globally ahead of his 2027 target, supported by steady growth, large deals, and margin expansion

Software & Services

SECTOR | 10 Sep 2025

Parl panel suggests strict laws, mandatory fact-checking to curb fake news

Business Standard

Calling fake news a threat to public order and democratic process, a parliamentary committee has recommended amending penal provisions, increasing fine and fixing accountability to tackle the challenge. In its draft report adopted on Tuesday, the Standing Committee on Communications and Information Technology has also called for mandatory presence of fact-checking mechanism and internal ombudsman in all print, digital and electronic media organisations. Sources said the committee has made a raft of suggestions, including a collaborative effort among all stake-holders covering government, private and independent fact-checkers to tackle the challenge of fake news. The committee headed by BJP MP Nishikant Dubey adopted the report unanimously, showing a cross-party support for stepped-up efforts to handle the menace of fake news, the sources added. The Committee desire the Ministry of Information and Broadcasting to ensure that fact-checking mechanism and internal ombudsman should be m

Software & Services

SECTOR | 09 Sep 2025

Cognizant appoints former Quick Heal Technologies CEO Vishal Salvi as new Cybersecurity head

Business Line

Salvi will be reporting to Annadurai Elango, President - Core Technologies & Insights, Cognizant

Software & Services

SECTOR | 09 Sep 2025

Andhra Pradesh government forms advisory council to attract Global Capability Centres

Business Line

Nara Lokesh, Minister for Information Technology, Electronics and Communications, and Human Resources, will lead the Council

Software & Services

SECTOR | 09 Sep 2025

Priyank Kharge seeks court-monitored audit, hackathon of EVM-VVPAT process

Business Standard

Karnataka's Minister for Information Technology Priyank Kharge has said that the state is ready to host a transparent evaluation of the entire EVMVVPAT process in partnership with judicial and industry oversight. Kharge had posted a copy of the letter he had written to the Election Commission of India again on September 6 on the social media platform X on Monday. In his letter, Kharge said he had written to the ECI on December 3, 2024, as well, outlining concerns regarding the function of EVMs and related procedural vulnerabilities, and suggesting a "constructive solution" in the form of a court-monitored ethical hackathon and audit, backed by the state. "With our strong technology and R&D ecosystem, I had proposed that Karnataka is well placed to carry out such a transparent exercise under judicial and industry oversight to rigorously test the EVM architecture and address public perception issues around electoral integrity," read the letter. He also said that on several...

Software & Services

SECTOR | 05 Sep 2025

Cognizant joins AI Education Taskforce at the US White House

Business Line

The company was among more than one hundred organisations that pledged to empower America's youth with the skills and knowledge

Software & Services

SECTOR | 04 Sep 2025

High single-digit growth to still elude IT firms for some time: Cognizant

Business Standard

Cognizant's Surya Gummadi predicts IT services growth will return once enterprises deploy AI across technology stacks, though macro dynamics may delay this for some time