Sector Software & Services - Latest news, views and updates

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

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

Business Line | 15 Apr 2025

Software & Services

SECTOR | 08 Apr 2025, 08:38PM

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

Software & Services

SECTOR | 04 Apr 2025

Higher US tariffs on rival manufacturing hubs can benefit India: MAIT

Business Standard

The 26 per cent tariffs imposed by the US on India may create some headwinds, but relatively higher levies on competing nations may hand India an edge, tilting the scales in its favour and increasing its appeal in global supply chains, according to electronics and IT hardware industry body MAIT. Manufacturing hubs such as China face a 54 per cent levy, Vietnam (46 per cent), and Thailand (36 per cent) as a result of the US' sweeping tariff actions, which have since spooked financial markets and trade partners. India's USD 7-billion smartphone exports to the US may face some pressure due to evolving trade policies, but the real advantage lies in the comparative tariffs imposed on competing nations, Manufacturers Association for Information Technology (MAIT) said. "While US trade barriers could theoretically dampen India's export volumes, the higher reciprocal tariffs on China and Vietnam create a relative advantage for Indian manufacturers. This discrepancy tilts the scales in India'

Software & Services

SECTOR | 03 Apr 2025

Infosys sues Cognizant, claims unfair trade practices in US court fight

Business Standard

Infosys has escalated its legal battle against Cognizant, accusing the US-based firm of anti-competitive practices and monopolisation in the healthcare software market

Software & Services

SECTOR | 02 Apr 2025

AI threatens to upend India's ITeS industry's human capital requirements

Business Standard

It is vital now for India's ITeS behemoths to inform what this transformation implies for their future business models, their earning plans, and their hiring decisions

Software & Services

SECTOR | 01 Apr 2025

Cognizant names Sailaja Josyula as Global Head of GCC Service Line

Business Standard

IT major Cognizant on Tuesday said it has appointment Sailaja Josyula as Global Head of its Global Capability Center (GCC) Service Line. Based in Hyderabad, she will oversee "the definition and execution" of Cognizant's global GCC strategy, establishing and leading a cross-functional team, a company statement said. "With her extensive experience and proven track record, Sailaja's leadership will boost our ability to build and scale GCCs, delivering great value for our clients," said Surya Gummadi, President, Americas, Cognizant. Josyula has rejoined Cognizant after a brief stint at EY. Between 2018 and 2024, she held several leadership roles at Cognizant, including serving as the Hyderabad Center Head and Global Head of BFSI Operations Delivery. With nearly 30 years of experience, she has also held leadership positions at Thomson Reuters and HSBC.

Cognizant appoints Sailaja Josyula as global head of GCC service line

Business Line | 01 Apr 2025

Software & Services

SECTOR | 27 Mar 2025

Cognizant aims to re-enter the top-tier club of IT services by 2027

Business Standard

The Nasdaq-listed company has trailed peers such as Tata Consultancy Services (TCS) and Accenture over the past few years

Cognizant CEO Ravi Kumar: We are a human capital company, a hiring magnet'

Business Line | 26 Mar 2025

Software & Services

SECTOR | 27 Mar 2025

Discretionary spending wavers amid US Tariff Uncertainty

Software & Services

KRChoksey

The demand environment in Q3FY25 reflected early signs of stabilization, with slightly improved Total Contract Value (TCV) momentum, supported by small and mid-sized deal conversions. However, large deal closures remained muted, indicating that enterprises continue to maintain a cautious stance, particularly for discretionary-led digital transformation initiatives.

Software & Services

SECTOR | 26 Mar 2025

Cognizant Collaborates With Nvidia To Accelerate Enterprise AI Adoption

NDTV Profit

Cognizant aims to accelerate AI adoption in five areas, including enterprise agents, industry-specific LLMs, and digital twins for smart manufacturing, among others.

Software & Services

SECTOR | 25 Mar 2025

India's ITeS sector set for 20% growth in job opportunities, report finds

Business Line

The product sector is expected to experience a fresher hiring rebound, with 1.5 to 2 million fresh graduates with new-age tech skills anticipated to enter the workforce