TCS to Help Rolls-Royce Crack Hydrogen Fuel’s Aviation Challenge

In a move that underscores the aviation industry’s growing focus on sustainable fuel alternatives, Rolls-Royce and Tata Consultancy Services (TCS) have announced a collaboration to research hydrogen fuel system technology for aircraft. The partnership, revealed at the Farnborough International Airshow, aims to address key challenges in developing hydrogen as a viable zero-carbon aviation fuel. Hydrogen […]

Even as the Dow and Nasdaq scale new peaks, Indian IT cos still guarded on US economy

India’s leading IT services companies, TCS, Infosys, and Wipro, are treading cautiously on demand from the US, despite rising optimism about the US driving stock markets there to all time highs. The management teams of these IT giants remain guarded in their portrayal of the situation and demand in their largest market, emphasizing the need […]

Indian IT honchos put on a brave face as GenAI disruption looms

India’s leading IT services companies, TCS, Infosys, and Wipro, find themselves at a critical juncture as the rapid rise of generative AI and its potential to disrupt traditional business models casts a shadow over the industry’s future. While the management teams of these IT giants paint a picture of resilience and opportunity in the face […]

Persistent Boosts Top Management With New Hires

As Indian IT services company Persistent Systems embarks on an ambitious growth strategy, it has brought on four new seasoned executives to strengthen its leadership team. Persistent has just added several industry veterans. Ayon Banerjee joined as Chief Strategy and Growth Officer from Boston Consulting Group, where he advised IT services companies on accelerating growth […]

Dixon Technologies in talks with major IT hardware companies for Make in India

Dixon Technologies, India’s largest electronics manufacturing services company, is making a decisive push into laptop and tablet manufacturing to capitalize on the massive market opportunity arising from the government’s increased impetus on domestic electronics production and import curbs on foreign brands. During its recent quarterly earnings call, Dixon Technologies stated that it has filed an […]

Indian IT Services To Report Muted July-September Quarter Amid Macro Headwinds

The Indian IT services sector is expected to report another muted quarter for July-September 2023, as macroeconomic uncertainties continue to weigh on technology spending by clients. Leading brokerage firms predict the sector will post modest sequential revenue growth amid soft demand environment, with growth in the range of only 0%-1% on the quarter. “We expect […]

TCS says still committed to 25-by-25 remote work model

Tata Consultancy Services, the country’s largest IT services company, today reiterated that it is committed to its 25-by-25 model according to which the company has set a goal of reducing office attendance for its employees by 75% by the year 2025. According to the model, which was unveiled soon after the COVID-19 pandemic forced the […]

Banks beat IT cos in 2021 job growth, media sees biggest fall

Industries such as banking and financial services and insurance (BFSI), and production and manufacturing showed the highest growth in hiring activity in 2021, while media and construction segments showed the biggest declines, said Monster.com India in its annual trends analysis. The BFSI and the manufacturing sectors both saw hiring rise by 31%, while telecom witnessed […]

Bharti Airtel abandons ‘digital pivot’ strategy as 5G auction nears

Bharti Airtel has abandoned its plan to reorganize its corporate structure by focusing on the digital business — such as its Wynk app, Airtel Cloud, Airtel Xstream and so on — by moving all telecom infrastructure into a different subsidiary known as Airtel Ltd. The move was announced eight months ago, and was widely seen […]

TCS, Airtel take a step towards human-less factories

Tata Consultancy Services and Bharti Airtel said they tested a 5G-enabled and automated manufacturing set-up using the trial 5G spectrum allocated by Department of Telecom. Called ‘Neural Manufacturing Suite’, the technology aims to implement a ‘lights out’ factory set-up, in which the factory produces everything by itself without human or worker supervision or intervention. This […]

Promoters to sell stock to supply working capital to Marshall Machines

Industrial automation player Marshall Machines said its promoters will sell around 3.4% of the company to raise capital to meet the company’s working capital needs. The promoters currently hold around 73.4% of the total outstanding shares, which will come down to 70% by the end of the exercise. A 3.4% stake in the company is […]

Vakrangee adds stock trading, demat account service in tie-up with Upstox

Vakrangee Ltd, which runs over 13,200 digital kiosks across the country, said its franchisees will now be able to offer share trading and demat account opening services thanks to a tie-up with stock trading app Upstox. Vakrangee Kendras already offer a variety of internet-enabled services, such as bank account opening, issue of government certificates, money […]

Infosys buys Singtel’s Malaysia delivery center

Infosys Ltd, one of India’s top IT services providers, said it has agreed to acquire Singapore Telecom’s Malaysia delivery center for up to SGD 6 million or around Rs 33.3 cr. Global Enterprise International Malaysia “acts as a delivery center to provide customer experience and technology services to Singtel,” the Bangalore-based company said. The company […]