Page 16 - It Sector News Today

India Business News: Infosys, a leading IT services company, has announced salary revisions effective from November 1, 2023, in a show appreciation for employees' dedicati

“Any company which has a very unique IP which is not easy to copy. That was one thing common to successful companies. The second one is being technology-enabled even in those days, when tech was not so big. Third is scalability. Companies that followed these three principles, have been fairly successful.”

The IT sector suffers the widest chasm of 18.7 percentage points between women’s representation at the employee level and at the level of key management personnel, as per one of the recent studies 

While tech biggies including Microsoft, Google, and Meta are leading the charge on AI, more localised contingents are emerging across geographies, including in India and the European Union.

Analysts say the IT space offers reasonable valuations compared to their historical averages, a rarity in the ongoing bull run in the market

In a regulatory filing made after market hours, Infosys said that Sanghrajka will don the new role with effect from April 1. Infosys added that Roy has decided to step down to pursue his personal aspirations outside the company. He will continue to be with Infosys till March 31 as CFO

Jayesh Sanghrajka has been appointed as the new CFO effective from April 1

We have all heard about India’s green and white revolution. But there has been another signifi-cant revolution in India, which has changed India’s perspective and position in the global eco-nomic...

In the 12 months through September 2023, there have been as many as 5,700 senior executive movements (chief executives and 2 levels below) in the software exports and enterprise technology space, compared with 5,500 the same period a year earlier, as per data gathered by ET.

According to the report, European companies’ investment into generative AI will touch $2.8 billion by next year, though they remain cautious. The investment pace will be slower than North America, which is expected to invest $6 billion by 2024