IT
Information technology gets its mojo back with big September wins and October momentum
In the month of September alone, the big IT players signed a total of 26 deals which also includes deals by domestic tech firms such as Infosys, Cognizant and Accenture.
Indian IT sector to see subdued growth in Q3, recovery likely in Q4
The IT sector is expected to witness subdued growth in the third quarter of FY25, primarily due to seasonal factors, according to a report by Centrum.
HCLSoftware appoints Vikrant Chowdhary as SVP & country head for India
With more than 27 years of leadership experience, Chowdhary will lead HCLSoftware’s India business across sectors including enterprise, BFSI and government segments.
LTTS wins project to build US state Colorado’s smart cities
Gujarat-headquartered LTTS has also built experience of smart government projects in the USA, India and the Middle East with its internet of things (IoT) offerings to enhance city operations, providing security solutions, citywide surveillance, and border security systems.
HCLTech rolls out two more AI Labs in Noida, London
Earlier in November, the Noida-headquartered IT major announced setting up an AI-cloud native lab in Singapore. Previously, it had set up similar labs in the US, UK, Germany and India. World’s largest IT services firm Accenture opened a series of labs across the globe as part of its $3 billion data and AI investment announced last year.
Talent-hungry GCCs fish for professionals at tech pools of IT firms
Experts believe there is a consistent shift in tech talent hiring across engineering, research & development (ER&D), business process management (BPM), and IT services. And as GCCs rapidly scale, they will need to imbibe some of the better talent practices of IT services companies, which have historically been hirers of the best engineering talent in the country.
Black Box to leverage India's digital & AI boom to drive high-growth tech opportunities
In its recent investor call, Black Box reported strong Q2 FY25 results and outlined long-term plans to support large-scale digital infrastructure as global tech firms expand into India. "India's evolving digital landscape, combined with our expertise in large-scale tech infrastructure, positions us as the ideal partner for local and global players," said Sanjeev Verma, whole time director of the company.
Low-tech jobs in rural India will spur economic growth: NR Narayana Murthy
NR Narayana Murthy, founder of Infosys commented on a range of subjects in an interaction with ET’s Puran Choudhary and KR Balasubramanyam ahead of the Infosys Science Foundation’s announcement of winners of Infosys Prize.
IT engineering companies on acquisition spree to boost their BFSI business play
Amid rapid BFSI growth, IT engineering firms are acquiring companies to boost their software engineering capabilities. Recent acquisitions by L&T Tech, Persistent Systems, EPAM, Grid Dynamics, and Globant in the US and UK aim to enhance their BFSI presence. L&T Tech acquired Intelliswift, planning to double its revenue, while Persistent bought SoHo Dragon’s assets to solidify a BFSI relationship. These acquisitions, driven by BFSI demand and interest in GenAI, will support platform development, payment integration, and financial compliance across banking, fintech, and insurance sectors.
LTIMindtree sets up innovation hub in Texas
The new centre "is intended to foster stronger collaboration with the energy and oil & gas companies that leverage LTIMindtree’s technology solutions and services to grow their businesses,” LTIMindtree said. Top Indian tech services firms such as Tata Consultancy Services (TCS), Infosys, and Wipro have also set up innovation and delivery centres in Texas.
