Page 54 - It Sector News Today

Understanding the underlying datasets and adoption of appropriate AI/ML models are crucial An article that appeared in early 2020 talked about how AI was expected to be the new catalyst for software development. The article stated that AI-powered software development tool providers had raised more than $700 million in just 12 months. And this was before Covid-19 compelled enterprises to under-take rapid digital transformation. Of course, this move forward has been accompanied by an accelerated...

Building bipartisan support Pressure mounts to implement Trump’s H1-B plan In his administration’s waning days, former US President Donald Trump issued a change to the H-1B visa lottery rule. Rather than grant visas at random, as has been the case for decades, the new rule prioritised handing H-1Bs out to employers offering the highest wage. The rule would have gone into effect on March 9, six weeks into the Biden administration. President Joe Biden has spent most of his time in office unw...

Haryana’s jobs-for-locals law is legally and economically unsound

IT sector sales up 5.2% in 3rd quarter of 2020-21: RBI data Premium . Updated: 05 Mar 2021, 07:19 PM IST PTI Information technology (IT) sector remained in positive terrain throughout the Covid-19 pandemic period and their sales increased by 5.2% (Y-o-Y) in Q3:2020-21, the RBI said Share Via Read Full Story MUMBAI : Information technology (IT) sector remained in the positive terrain throughout the COVID-19 pandemic period and its sales increased by 5.2% year-on-year in the third quarter of 20...

Dalal Street gave a lukewarm response to Wipros buyout worth $1.45 billion (over Rs 10,500 crore), its biggest ever, of London-headquartered Capco as the shares of the firm tanked 4 per cent on the BSE to Rs 421.30 in Fridays trade following the announcement of the deal. Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the Banking, Financial Services and Insurance (BFSI) sector. The BFSI segment accounted...

The data is drawn from abridged quarterly financial results of 2,692 listed non-government non-financial companies.

Haryanas 75% reservation for locals puts IT, BPM industries in a fix With Gurugram being the base for IT &ITES sector along with start-ups, companies are now scrambling to figure a way out Rukmini Rao | March 4, 2021 | Updated 18:04 IST The Haryana State Employment Of Local Candidates Act, 2020 reserves seventy-five percent jobs for locals in private sector Following the notification of The Haryana State Employment Of Local Candidates Act, 2020 which reserves seventy-five percent jobs for loca...

Capgemini, a global consultancy firm, announced that it will cover the cost of coronavirus vaccines of all eligible employees and their dependents in strict accordance with all the Government-approved

Sensex rises for 2nd day on gains in IT, auto shares, reclaims 50,000-level Sensex rises for 2nd day on gains in IT, auto shares, reclaims 50,000-level Benchmark BSE Sensex spurted by 447 points to close above the psychological 50,000-mark on Tuesday following hectic buying in auto and IT counters amid positive domestic and global cues. advertisement UPDATED: March 2, 2021 17:44 IST The Sensex and Nifty continued to rise for the second straight trading session (Picture Credits: Reuters) Benchma...

The Department of Information Technology Biotechnology and Science and Technology, Karnataka and industry body National Association for Software and Service Companies (Nasscom) on Tuesday launched the Karnataka State policy for Engineering, Research and Development (ER&D), approved by the State cabinet. The policy aims to foster innovation and increase multinational ER&D presence in the State by providing subsidies to global organisations looking to establish new R&D facilities or expand exis...