Sector Software & Services - Latest news, views and updates

SECTOR | 05 Mar 2025

Coforge shares rise 8.4% on record deal, acquisition, stock split

Business Standard

The intraday rise, one of the highest for the mid-tier IT services company, came on a day when the broader BSE Information Technology index also rose 2 per cent

Software & Services

SECTOR | 04 Mar 2025

Cognizant confirms on-time salary hikes, merit increases in August

Business Standard

Refuting reports about the delayed salary hikes, IT firm Cognizant on Tuesday said there will be no delay in its cycle and merit increases for eligible employees will be rolled out in August. The New Jersey-headquartered firm, in a statement, said it will also be paying bonuses to eligible associates in mid-March. "Merit increases for eligible associates will be awarded in August, exactly one year after the prior cycle. In fact, with the August 2025 cycle, the majority of our associates will receive five merit increases within the past four years. There has been no delay in the merit cycle, and any claims to the contrary are incorrect," the company said. The company remains steadfast in its commitment to recognising the hard work and dedication of its associates through merit increases and bonuses, it added.

Pressure on operating margins may have forced Cognizant to defer pay hikes

Business Standard | 04 Mar 2025

Software & Services

SECTOR | 28 Feb 2025

Cognizant close to completing sale of Thoraipakkam campus

Business Line

The campus, which was the company's headquarters, is nearly two decades old and could be valued at around 1,000 crore

Software & Services

SECTOR | 25 Feb 2025

Semiconductor plant created an entire ecosystem in Assam: Ashwini Vaishnaw

Business Standard

Union minister Ashwini Vaishnaw on Tuesday said the semiconductor plant in Assam's Morigaon district has created an entire ecosystem, attracting investment interest from multiple countries. Speaking at a session on semiconductors, the minister for railways, electronics and information technology said the setting up of the semiconductor assembly unit at Morigaon will position Assam as a major hub and very soon, another such unit will be set up in the state. Several companies from Singapore, Malaysia, and Japan are expected to sign Memorandums of Understanding (MoUs) and set up offices near the semiconductor plant, he added. "Apart from semiconductors, Assam will soon have manufacturing units for mobile phones and electronics, further boosting the state's industrial landscape," he said. The decision to set up the National Institute of Electronics and Information Technology (NIELIT) University was taken a few months ago at Jagiroad on encroached railway land, the minister said. "The

Tech companies commit to invest Rs 25,640 crore in MP, create 183K jobs

Business Standard | 25 Feb 2025

Software & Services

SECTOR | 24 Feb 2025

Indian ITeS Industry and GenAI Conundrum as adoption remains under 40%

Business Standard

According to the latest BCG report 'The GenAI Adoption Conundrum', over 80 per cent of developers acknowledge its advantages, citing increased productivity and efficiency

Software & Services

SECTOR | 19 Feb 2025

Bengaluru's Sarvam AI Confirms Plan To Bid For India's Foundational AI ModelsNDTV Profit Exclusive

NDTV Profit

Sarvam AI will submit a proposal to the Ministry of Electronics and Information Technology under the IndiaAI Mission, aiming to build India's foundational AI models.

Software & Services

SECTOR | 14 Feb 2025

Cognizant reduces owned and leased space in India by over 2 million sq ft in 2024

Business Line

Cognizant has 90 per cent of its delivery centres (on a square-foot basis) in India

Software & Services

SECTOR | 14 Feb 2025

IT Services: Q3FY25 Earnings Review

Software & Services

IDBI Capital

Software & Services

SECTOR | 13 Feb 2025

January smartphone exports top full-year total of FY21, shows data

Business Standard

Minister for Electronics and Information Technology Ashwini Vaishnaw recently posted on X that smartphone exports for 2024-25 are likely to reach 2.25 trillion

Software & Services

SECTOR | 13 Feb 2025

Allahbadia's comments: House panel asks govt to suggest amendments in laws

Business Standard

A parliamentary panel Thursday asked the Information and Broadcasting Ministry to submit a note by February 17 on the amendments needed in existing laws to clamp down on controversial content like the one involving Ranveer Allahbadia amid bipartisan concern from MPs over the issue. At the meeting of the Standing Committee on Communications and Information Technology, members from different parties voiced concern over Allahbadia's crass comments at a YouTube programme and called for stringent measures to punish him and to ensure that such an incident does not recur. Sources said the committee's chairperson and BJP MP Nishikant Dubey shared their concerns at the meeting attended by Information and Broadcasting Secretary Sanjay Jaju and other senior ministry officials. The committee later dispatched a communication to Jaju under the subject "review of implementation of laws related to all forms of media", sources said. The letter said, "With the examination of the subject "Review of .