Sector Software & Services - Latest news, views and updates

SECTOR | 14 Mar 2025

Infosys to pay $17.5 million to settle data breach case in BPM unit

Business Standard

McCamish, bought by Infosys BPM in 2009, is a platform-based BPO firm that provides life insurance and retirement software solutions and service offerings in the US

Software & Services

SECTOR | 13 Mar 2025

BPOs to reduce hiring as automation and AI take over routine tasks

Business Standard

The Indian technology sector, which includes IT services companies, BPM, and hardware, employs about 5.4 million people, the largest in the organized sector

Software & Services

SECTOR | 12 Mar 2025

Cognizant Staff To Get Bonus Up To 115%

NDTV Profit

in the mails sent to employees, the IT major said that the bonus is at the highest level in three years.

Software & Services

SECTOR | 12 Mar 2025

'End of middle class...': Atomberg founder warns AI will hit white-collar jobs in India

Business Today

Taking direct aim at India's flagship IT and BPO sectors, Paul warned that they will see a "big reduction in manpower and in many cases in their business."

Software & Services

SECTOR | 11 Mar 2025

India's employment outlook rises 43% in Q2 2025: ManpowerGroup survey

Business Standard

Indian employers continued to report strong hiring intentions globally in the second quarter of this calendar year, with a Net Employment Outlook (NEO) of 43 per cent, a survey said on Tuesday. India continues to lead the global Net Employment Outlook (43 per cent), exceeding the global average by 18 points for the second quarter of 2025, according to the latest ManpowerGroup Employment Outlook Survey. The ManpowerGroup Employment Outlook Survey is based on inputs from 40,413 employers across 42 countries, including 3,000 head hunters across different regions of India from January 2-31, 2025. The survey revealed that 55 per cent of employers intended to hire, 12 per cent foresee a decrease, 29 per cent do not expect any change in their workforce, and 4 per cent are unsure. Information Technology (55 per cent), Industrial and Materials (48 per cent), Health Care and Life Sciences (42 per cent), Transport and Logistics and Automotive (40 per cent) and Communication Services (38 per .

Software & Services

SECTOR | 09 Mar 2025, 03:59PM

Mantle Ridge builds over $1 billion stake in Cognizant, report says

Business Line

The activist firm has been privately engaging with Cognizant about its progress on boosting the share price, the report said

Software & Services

SECTOR | 08 Mar 2025

K'taka IT union calls for mass gathering of employees to press for demands

Business Standard

The Karnataka State IT/ITeS Employees Union (KITU) has called for a mass gathering of IT sector employees on March 9 here demanding stricter enforcement of labor laws and a healthy work-life balance. With the protest, the union aims to address concerns over excessive working hours, lack of overtime compensation, and the expectation for employees to be available beyond official working hours. The gathering is being organised under the slogan "A Healthy Work-Life Balance is Every Employee's Right". In a statement, KITU stated on March 13, 2024, that a memorandum was submitted to the Labour Minister, alleging that IT/ITES companies are not compensating overtime wages and are extending work hours beyond statutory limits. The union urged the government to investigate actual working hours and overtime payments. "But even after one year of multiple meetings and protests, there has been no concrete effort from the Government to regulate the working hours by ensuring the strict...

Software & Services

SECTOR | 06 Mar 2025

India ranks among top four markets in Asia for NetApp, say company execs

Business Line

In the Indian market, the largest vendors are in the BFSI, telecom, IT/ITeS industries, and the public sector, all of which are doing well

Software & Services

SECTOR | 06 Mar 2025

Explained: Why Infosys, Cognizant are battling it out in a US court

Business Standard

Infosys and Cognizant are locked in a legal battle over trade secrets, anti-competitive practices, and executive poaching in healthcare IT. Here's a deep dive

Software & Services

SECTOR | 06 Mar 2025

India among Verint's top 5 markets, says CTO as Bengaluru GIC expands

Business Line

Verint serves major enterprises, including prominent financial institutions and BPOs, and aims to expand its Global Innovation Centre in Bengaluru to about 1,000 employees by 2026.