HCLTECH ROMANIA DELIVERY CENTRE
Flipkart in Q-fest; AI upskilling
Happy Monday! Flipkart has upped the quick commerce ante ahead of crucial festive season sale. This and more in today’s ETtech Morning Dispatch.
HCLTech launches global delivery centre in Patna
This first centre of the company in Bihar will focus on the delivery of IT and engineering services for hi-tech and semiconductor companies.
Infosys to acquire engineering R&D services provider in-tech for $480 million
Infosys said in a statement that this investment will help strengthen Infosys’ engineering R&D capabilities and will help global clients to navigate their digital engineering journey.
WNS opens 60,000 sq ft delivery centre in Hyderabad
Business process management (BPM) solutions provider WNS Holdings' Hyderabad office has a total of around 1,400 employees. The new center, located at Prestige Sky Tech, Nanakramguda in Hyderabad, joins nine other centres.
BlueStone, Ixigo chart IPO route; a new low for Paytm
Online jeweller BlueStone and travel tech platform Ixigo are planning to list on the public bourses. Details of this and more in today’s ETtech Top 5.
UK-based Ciklum acquires Infogen, aims to double down on India
Ciklum is one of the portfolio companies of Recognize, a technology investment platform, led by IT industry veterans including former Cognizant CEO Frank D’Souza along with Raj Mehta, Charles Phillips, and David Wasserman.
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Tech Mahindra Q3 profit down 61% at Rs 510 crore in FY24
The country's fifth largest software services firm cited its business rationalisation measures as well as continuing macroeconomic headwinds impacting its clients across business segments for missing profit estimates.
New-age firms ride market surge in buoyant week; and other top tech, startup stories this week
On Friday, the 30-stock benchmark index BSE Sensex ended at a fresh all-time high of 72,568 points. In the broader buoyancy of the stock markets, shares of new-age companies Zomato, Nykaa, Honasa Consumer, Paytm, Delhivery and PB Fintech also rose through the week.
IT firms to face-off for $16 billion of deals; Zomato pauses Blinkit integration
Indian IT firms are expected to put up a tough fight for these contracts, many of which are now serviced by global multinationals. Experts attribute this competition to technology clients turning more cost-conscious in a turbulent macro-economic environment.
HCLTech investigating ransomware attack on isolated cloud project
The ransomware incident occurred in an isolated cloud environment for one of HLCTech's projects but there has been no impact observed due to this incident on the overall HCLTech network.
Indian $245 billion IT sector swallows tougher terms amid scramble for contracts
That is forcing companies including Tata Consultancy Services, Infosys and HCLTech to accept contract conditions such as guaranteeing minimum cost savings, billing the client only if certain goals are achieved and reviewing cost overruns.
HCLTech launches delivery center in Iasi, Romania
The new center in Iasi will provide next-generation digital, engineering, cloud and AI solutions. As part of its nearshore strategy to serve global clients.
Bleak days ahead for IT firms as macro trends crimp spending; and other top, tech stories this week
Reluctance by clients to go for large spends on digital transformation over the past few quarters has taken a toll on big IT firms. Subdued macroeconomic trends have meant cutting down on discretionary spending and projects that do not immediately require investments.
Govt plans stricter rules to deter betting apps; Indian cricket jerseys fly off ecommerce shelves
To curtail the spread of illegal online gambling and betting via offshore platforms in the country, the Centre is planning to tighten the rules, especially on UPI payments. This and more in today’s ETtech Top 5.
Israel-Hamas war: Tech firms may shift ops to India, elsewhere if conflict escalates
According to Peter Bendor-Samuel, chief executive of IT research firm Everest Group, tech services may be impacted in the short to medium term as the conflict raises safety concerns and many of the people employed in Israel may be called up to fight.
‘Accenture’s large deals at historic high due to cloud, data offerings’
Karthik Narain, designate group chief executive of technology at Accenture, said cloud and data analytics are some of the offerings that are getting “bundled” into the bookings as companies are trying new operating models and pricing models.
Global Capability Centers stage a comeback as focus falls on India’s deep talent pool
The global captives had sold a part or even their entire operations to Indian IT companies, mostly during the global financial crisis, to focus on core operations instead. But they now see India as a crucial profit centre.
Game, set, matched: decoding the footprint of Indian IT on global sports
If all the world’s a playground, IT majors are drawing up the rulebook. From sponsoring tournaments to creating apps and websites or providing analytics, it’s hard to escape the footprint Indian IT has on global sports.
Exclusive: Tesla’s renewed interest in India; 40 gaming companies stare at fresh GST notices
Weeks after Prime Minister Narendra Modi invited Tesla to come to India, the electric vehicle maker held discussions with government officials regarding moving its auto parts and electronics supply chain to India. This and more in today’s ETtech Morning Dispatch.
A global crisis drives opportunities for Indian IT industry
For the Indian IT industry, the current economic uncertainty gripping the world is worrying. But every crisis is an opportunity: to expand the share of outsourcing as organisations tighten belts and send more work to Indian shores.
Why PhonePe-ZestMoney deal fell through; top leadership changes at Swiggy Instamart
PhonePe has walked away from buying cash-strapped buy-now-pay-later (BNPL) startup ZestMoney amid due diligence concerns, per multiple people in the know. After breaking the story on Thursday morning, we get you details on what led to the failed transaction.
Tech C-suites’ tryst with ChatGPT
The chatbot with an answer to every question and which nerdy kids have used before their parents, has crawled its way into the professional and personal lives of India Inc’s top executives.
India got 5.5 lakh Remdesivir vials, 15,801 oxygen cylinders as foreign aid: Centre
Through a streamlined and systematic mechanism, various ministries and departments have seamlessly collaborated under the 'whole of government' approach for expeditiously delivering incoming global aid to states and union territories, the Union health ministry said.
3,000 oxygen concentrators received as foreign aid dispatched, no pendency with Customs: Centre
China has sent 1,000 oxygen concentrators, Ireland 700, the UK 669 in four consignments, Mauritius 200, Uzbekistan 151, Taiwan 150, Romania 80, Thailand 30, and Russia 20, the ministry said.
Societe Generale appoints Sunil Shah as CEO of India, Romania units
Societe Generale, French financial services major, has appointed Sunil Shah as chief executive officer of the company’s solution global solution centres in India and Romania.
Wipro to expand operations in Romania; hire 150 people
Wipro plans to increase its employee strength in Romania by 25 per cent to 750 employees by December 2015, Wipro said in a statement.
ZTE plans to open network operating centre in India
At present, ZTE operates GNOCs in China and Romania to manage the requirements of Chinese and European operator clients.
WNS to set up new delivery centre in Poland
WNS announced plans to set up a new 75-seater delivery centre in Gdynia, Poland that will deliver finance, accounting & other services.
Genpact eyes acquisitions for growth: N V 'Tiger' Tyagarajan, president and CEO, Genpact
India's 3 cities NCR, Kolkata & Jaipur - are among the company's top 5 potential cities list which also include Dalian & Foshan, China.
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