Sector Software & Services - Latest news, views and updates

SECTOR | 14 Aug 2025, 12:21PM

Cognizant to roll out pay hikes for 80% employees from November 1

Business Standard

The pay hikes for consistent high performers is likely to be in higher single digits in India, whereas top performers are expected to get the highest raise

Cognizant to hike salaries for majority of employees from November 1

Business Standard | 14 Aug 2025, 12:19PM 2 more

Software & Services

SECTOR | 13 Aug 2025, 09:33PM

RBI to transition Cheque Truncation System to continuous clearing with on-realisation settlement in 2 phases

Business Line

CTS is being transitioned from the current approach of batch processing to continuous clearing with on-realisation-settlement'. CTS currently processes cheques with a clearing cycle of up to two working days.

Software & Services

SECTOR | 08 Aug 2025

TCS layoffs signal AI-driven transformation in $283 bn outsourcing sector

Business Standard

TCS and its peers Infosys, HCLTech, Tech Mahindra, Wipro, LTIMindtree, and Cognizant collectively employ over 430,000 workers with 13 to 25 years of experience

Software & Services

SECTOR | 31 Jul 2025

IT cos warn employees to reskill or risk losing jobs amid AI transformation

Business Standard

From TCS to Cognizant, firms pivot to AI-first models, favouring tech-savvy, younger talent and urging workforce to upgrade skills or face involuntary exits

Software & Services

SECTOR | 31 Jul 2025

Cognizant posts 7% rise in revenue as inorganic growth boosts performance

Business Line

Net profit saw a 14 per cent rise at $645 million compared to $566 million

Mid-level managers need cross-functional skills in AI era: Cognizant CEO

Business Line | 31 Jul 2025 7 more

Software & Services

SECTOR | 30 Jul 2025

Tamil Nadu urges innovators to commercialise their Intellectual Property

Business Line

Minister for Information Technology & Digital Services Palanivel Thiaga Rajan says Tamil Nadu makes up almost 17% of total patents filed in India

Software & Services

SECTOR | 23 Jul 2025

US firm Clorox sues Cognizant for $380 million over a 2023 cyberattack

Business Line

Clorox alleges Cognizant's service desk handed passwords to a cybercriminal over phone calls without authenticating, ignoring policies and industry standard procedures

Software & Services

SECTOR | 22 Jul 2025

Dev IT shares jump 7% after order win from NICSI; check details here

Business Standard

Dev Information Technology shares 7 per cent after it received a 1.29 crore order from NICSI for Integrated Financial Management System

Software & Services

SECTOR | 21 Jul 2025

Goa govt rolls out AI Mission 2027 to boost governance and innovation

Business Standard

The Pramod Sawant government has rolled out Goa AI Mission 2027, a visionary roadmap to build an inclusive and future-ready Artificial Intelligence ecosystem, officials said. The mission, a bold leap from Goa's laid-back coastal charm to cutting-edge tech ambition, aims to empower people, enhance governance and spark innovation across sectors, placing the state firmly on the digital transformation map, they said. In a recently held meeting, Chief Minister Sawant and state Information Technology Minister Rohan Khaunte appealed to stakeholders to work towards drafting the AI Mission 2027, aligning with Prime Minister Narendra Modi's vision. Nearly 350 Information Technology companies and startups are operating in Goa, as per data from the IT department. Goa Information and Technology Director Kabir Shirgaonkar told PTI Videos that the state government's AI mission is derived from the Centre's ambitious India AI Mission. "We intend to meet various objectives through this mission, an

Software & Services

SECTOR | 19 Jul 2025

India's first semiconductor chip to be unveiled in 2025: Ashwini Vaishnaw

Business Standard

Union Electronics and Information Technology Minister Ashwini Vaishnaw has said the country's first domestically produced semiconductor chip is expected to be released this year. Speaking at the 85th foundation day celebrations of Keshav Memorial Educational Society here on Friday, he said India is poised to become a significant global player in the semiconductor industry. Today, some of the most complex chips are designed in cities, including Hyderabad, Bengaluru, Pune, Gurugram and Chennai, he said. "Now, we are starting the manufacturing of semiconductor chips. We have already approved six semiconductor plants. Their construction is going on. We will have the first Made in India chip in 2025," he said. The union minister said, as part of the India AI Mission, free datasets and others are being uploaded. As many as one million people are being trained in the use of AI. Vaishnaw also said India would be among the top two economies in the world by 2047. Noting that the world is g