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IT sector to log mid-single digit growth for third consecutive fiscal: Crisil Ratings
Currency depreciation of around 2% helped the sector amid continuing macroeconomic headwinds and emerging uncertainties in the key markets of the US and Europe.
Chhattisgarh gets Rs 3,700 crore investment proposals at Bengaluru meet
Addressing investors, Chhattisgarh chief minister Vishnu Deo Sai said, Chhattisgarh’s capital of Raipur is emerging as central India’s premier IT hub. “The Greenfield city of Nava Raipur also presents significant potential for IT industry expansion,” he added.
Do agentic AI startups need to differentiate?
The agentic AI space is evolving rapidly, with OpenAI’s Operator and China’s Manus AI leading innovations. While AI models are becoming commoditised, differentiation in workflow integration, automation, and UX remains crucial for agentic startups to sustain.
PCI’s MDR plea; India’s AI startups, accelerated
Happy Tuesday! The Payments Council of India has urged the PMO to reinstate the merchant discount rate (MDR) on UPI and RuPay debit card payments. This and more in today’s ETtech Morning Dispatch.
Snowflake, Nasscom team up to equip 1,00,000 learners in India with data, AI skills in 2 years
Snowflake has partnered with FutureSkills Prime, a digital skilling initiative by Nasscom and MeitY, to offer free, on-demand data and AI courses. Over the next two years, they aim to enrol over 1,00,000 learners. This collaboration addresses India's skills gap, supporting upskilling for data and AI professionals.
AI model training on copyrighted data needs public review: Industry
The industry has urged the government to review the legality of using copyrighted data for AI training, suggesting amendments to the Copyright Act and clarifying “fair dealing” exceptions. It also called for guidelines on AI-generated works, privacy, transparency, and regulating deepfakes. It emphasised that legal certainty is needed to promote AI adoption.
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India must evolve from services to product nation: Ashwini Vaishnaw
India’s IT and electronics minister Ashwini Vaishnaw emphasised the need for India to transition from a services-based economy to a product-driven one, focusing on both software and hardware. He highlighted the importance of building sovereign AI models, promoting research and development, and encouraging private sector investment in cutting-edge technologies.
Services sector should aim to exceed merchandise exports next fiscal: Commerce Minister Piyush Goyal
India's services sector is experiencing robust growth, with Commerce Minister Piyush Goyal urging the sector to aim for USD 450 billion in exports by next fiscal year, surpassing merchandise exports.
India preferred partner in global technological ecosystem: Nasscom president Rajesh Nambiar
Rajesh Nambiar noted that the world is experiencing a global technological shift, which has created a rising demand for a high-quality talent base to meet the challenges and opportunities of this new landscape.
India's 'AI for All' mantra backed by concrete action: Commerce and IT MoS Jitin Prasada
Prasada, Union Minister of State for Ministry of Commerce & Industry and Ministry of Electronics & Information Technology, was delivering a keynote address at the Nasscom Global Confluence 2025. Stressing that India is open for business and ready to lead, Prasada urged industry leaders to make research a top priority in their future strategies.
AI as an enabler, not a replacement: Skill readiness in the next phase of India's BPM industry
At a recent webinar hosted by Economictimes.com and Nasscom, industry leaders shared their insights on the future of India’s BPM sector. Read on to understand why AI could be your creative ally and more importantly why organisations must create an environment where employees feel empowered to explore AI rather than fear it.
Up to code: Softserv Solutions is changing the game for Indian IT subcontractors
IT entrepreneur Manoj Pipersania has big dreams for his micro enterprise. The 2023 ET MSME Awards nominee talks about his journey from ATM configurations to bagging some of the biggest international clients, and what makes him tick outside of work
F&O Talk | Nifty needs to break above 23,807 for trend reversal: Rahul Ghose
Nifty remains bearish, trading below key moving averages, with support at 22,000 and resistance at 22,800. Bank Nifty shows relative strength. ICICI Bank is resilient, while IndusInd Bank faces downside risks. MTNL surged on asset monetization news. Metals remain mixed, oil & gas under pressure. IT and consumer durables show long-term potential, with select mid-cap stocks attractive.
Infosys co-founder Narayana Murthy, 70-hr advocate, wants bosses to respect employees, says 'praise people in public'
At TiE Con Mumbai 2025, Infosys founder Narayana Murthy highlighted the importance of compassionate capitalism for India's growth. He urged entrepreneurs to focus on job creation, reduce pay disparities, and treat employees with respect. Murthy also criticized the freebies culture, arguing that poverty could be eliminated through innovation, not handouts. He also cautioned against the misuse of artificial intelligence, stressing its true potential for economic growth.
Safe harbour regime is a big hurdle in GCC growth path, say experts
Experts urge reforms in India’s transfer pricing laws to boost Global Capability Centres (GCCs). They recommend a flexible safe harbour regime, tax incentives, single-window clearances, and talent development to enhance India’s competitiveness and attract more GCC investments.
IT creates dedicated units for MNCs’ capability centres
Such deals are beyond the existing partnerships they have with overseas firms for technology services and solutions as third-party providers. Companies driving these initiatives include Accenture, Cognizant, Infosys, Wipro, Capgemini, Tech Mahindra and Persistent Systems.
Partnering to propel India’s AI revolution
Industry leaders believe that collaboration between Big Tech, startups and IT services will unlock India’s AI potential and drive innovation. They emphasise the need for systematic upskilling, AI literacy, and investment in research and development to leverage India’s demographic dividend and enhance economic growth.
Breaking barriers: How women are redefining and building leadership in tech
Despite historical biases and ongoing challenges, initiatives and representation are empowering more women to thrive.
IndiaAI’s next act; Trump’s Bitcoin reserve push
The government marked a year of IndiaAI Mission with a compute portal to enable easy access to GPUs. This and more in today’s ETtech Top 5.
India Inc's attrition rates in 2024 hit lowest point since 2020 amid subdued hiring environment, market uncertainties
Attrition levels in India Inc dropped to 17.4% in 2024, the lowest since 2020, due to reduced hiring, layoffs, and economic uncertainty. The IT/ITeS sector saw the most significant drop, with employee turnover falling sharply. However, companies anticipate increased hiring, which may lead to a rise in attrition in the coming quarters.
Investments in manufacturing, healthcare & GCCs, fuelling growth: Sodexo
Sodexo Group's growth in India is driven by large-scale investments in sectors like manufacturing, healthcare, and technology. The increasing number of Global Capability Centres (GCCs) and the shift towards organized food services post Covid-19 are fueling their expansion.
Layoffs at Ola Electric; ED notice hits Paytm stock
Ola Electric has implemented significant job cuts amidst ongoing challenges. This and more in today’s ETtech Top 5.
Infosys layoffs: NITES approaches education ministry for apprenticeship law violation
This comes days after the Karnataka labour department found no violations of labour laws by the Bengaluru-headquartered IT company in the layoffs of over 300 trainees.
'Target 2x revenue with half the workforce': HCL Tech CEO wants Indian IT firms to adopt 'paranoid' mindset for growth
HCL Technologies' CEO stated the traditional IT business model is obsolete due to AI. Companies must adopt a paranoid mindset to stay relevant. Infosys' CEO agreed. The industry should transition to output and platform-based services. Indian tech firms should build proprietary language models. Infosys is seeking acquisitions. Adaptation to AI advancements is crucial to maintaining competitiveness.
India's skill gap crisis: Plenty of graduates, not enough leaders for emerging tech
India is grappling with a significant skills gap in the tech sector, with a shortage in emerging technology talents like AI, ML, and cybersecurity. Reports indicate that India needs extensive reskilling and standardizing frameworks to align the workforce with industry needs while investing in continuous learning and academia collaboration.
Infosys layoffs: Nasscom defends tech industry, corporate culture of performance, meritocracy
This comes a day after government officials told ET that the Karnataka labour department’s interim report has not found any violations in the recent 300-plus terminations made by Bengaluru-headquartered Infosys, India’s second largest IT giant, at its Mysuru campus.
Tech majors speaking against diversity agenda unfortunate: Nasscom chief Sindhu Gangadharan
Gangadharan, who also serves as the managing director of SAP India, said none of these corporations have abandoned their commitment to the diversity, equity and inclusion agenda, because a company cannot win at the global level if it does not inculcate such beliefs.
India’s IT industry to hit $300-billion revenue mark in FY26: Nasscom report
The tech sector in India grew at 5.1%, adding $13.8 billion incremental revenue to reach $282.6 billion, from $268.8 billion in FY24, Nasscom said in its annual strategic review. The IT services recorded $137.1 billion in revenue growing 4.3%, followed by ER&D at $55.6 billion growing 7%.
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