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India’s information technology (IT) sector is projected to reach $400 billion by 2030, led by firms delivering domain-specific automation that outperforms traditional service models on speed, quality, and cost, a report said on Tuesday. The country’s strong talent pool, global client trust, and cost efficiency will enable it to leverage the increased global demand for…
New Delhi: With more than 1.59 lakh startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) as of January 15, India has firmly established itself as the third-largest startup ecosystem in the world, the government said on Wednesday. From 2016 to October 31, 2024, recognised startups have reportedly created over 16.6…
New Delhi: India’s IT spending is projected to reach $160 billion in 2025, an increase of 11.2 per cent from 2024, according to a report on Tuesday. Fuelled by expansion in both application and infrastructure software markets, software spending in India is projected to record the highest annual growth rate, increasing 17 per cent in…
TCS Variable Pay Q2 2024: India’s largest IT services company Tata Consultancy Services (TCS) has slashed down the variable pay for many of its senior employees for the July-September 2024 period (Q2 FY25) reportedly. The cuts have hit even those who have complied with the company’s work-from-office policy. However, the sources familiar with the development said…
New Delhi: IT services firm Tech Mahindra on Saturday reported a 153.1 per cent year-on-year jump to Rs 1,250 crore in its consolidated net profit for the July-September quarter. The Mahindra Group company had posted a net profit of Rs 493.9 crore in the year-ago period. Revenue for Q2 FY25 came in at Rs 13,313.2…