Mumbai, June 13 (IANS) The Indian equity benchmarks posted notable gains this week after two weeks of consecutive losses, over investor optimism about potential US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.10 per cent during the week and gained 1.99 per cent on the last trading day to reach 23,622. At close, Sensex was up 1,695 points or 2.30 percent at 75,527. It added 1.73 per cent during the week.The Indian equities showed structural resilience in a turbulent week,…
Latest IT sector News & Updates
New Delhi, June 13 (IANS) Meta CEO Mark Zuckerberg has told employees that the company made “mistakes” in reshaping its workforce around artificial intelligence, adding that further company‑wide layoffs are not expected this year.Zuckerberg pledged to provide greater stability as possible” in terms of organisation changes going forward, multiple reports said.”I don’t want to over promise because the world is changing in ways that are out of our control,” he said, adding that rapid advances…
Mumbai, June 9 (IANS) Tata Consultancy Services expects a major transformation in the coming years, with artificial intelligence (AI) becoming deeply integrated into its workforce and operations, its Chairman N Chandrasekaran said on Tuesday.Speaking at the 31st Annual General Meeting here, he said that over the next three years, the company could have as many AI agents as human employees, marking a major shift in how work is done at TCS.He said the company is building what he called “the most…
Hyderabad, June 2 (IANS) Telangana Governor Shiv Pratap Shukla said on Tuesday that the formation of the state stands as a symbol of the sacrifices made by martyrs and the democratic struggles waged over several decades.On the occasion of Telangana State Formation Day, the Governor unfurled the National Flag at the Lok Bhavan. Subsequently, he received the Guard of Honour from the police forces.He paid rich tributes to the martyrs who laid down their lives during the Telangana movement.On this o…
Mumbai, May 23 (IANS) Indian equity benchmarks posted notable gains during the week as sentiments improved over easing crude oil prices and reports of indirect US–Iran talks.Nifty gained 0.32 per cent during the week and added 0.27 per cent on the last trading day to reach 23,719. At close, Sensex was up 231 points or 0.31 per cent at 75,415. It advanced 0.24 per cent during the week.”Despite the rebound, investors largely remained cautious, with limited conviction at higher levels continuing …
Nashik, May 22 (IANS) The Nashik Police filed a 1,500-page chargesheet on Friday against the accused in the sexual harassment case involving the Nashik BPO unit of Tata Consultancy Services (TCS). A total of nine FIRs have been registered against the accused. Of these, a chargesheet has currently been filed in only one case. An official statement issued by the team of Nashik Police Commissioner Sandeep Karnik revealed that the Special Investigation Team (SIT) — which is probing the allegations …
Hyderabad, May 21 (IANS) Telangana Deputy Chief Minister, Mallu Bhatti Vikramarka, and state ministers paid rich tributes to former Prime Minister, late Rajiv Gandhi, on his death anniversary on Thursday and recalled his services to the nation as a visionary who ushered India into the 21st century and laid the foundation for its modern technological and telecom revolution.The Deputy Chief Minister, who is on a visit to New Delhi, paid floral tributes at ‘Veer Bhoomi’.He placed a wreath at Rajiv …
Gandhinagar, May 17 (IANS) Union Home and Cooperation Minister Amit Shah inaugurated the ‘Million Minds Tech Park’ and the ‘Ganesh Real Estate Management Institute’ in Ahmedabad on Sunday. Speaking on the occasion, the Union Home Minister said that Gujarat will take lead in the field of technology, just the way it has led the nation since Independence.He added that these two projects would give fresh momentum to Prime Minister Narendra Modi’s vision of transforming Gujarat from merely a manufact…
Surat, May 14 (IANS) Prime Minister Narendra Modi’s appeal for the more efficient use of national resources, including reducing fuel consumption and encouraging shared mobility and flexible working arrangements where possible, has been reflected in operational changes within parts of India’s IT sector. The appeal, aimed at promoting fuel conservation and reducing unnecessary use of private transport through measures such as carpooling, public transport adoption, and work-from-home arrangemen…
New Delhi, May 11 (IANS) The Nascent Information Technology Employees Senate (NITES) on Monday urged the Centre to advise IT and IT-enabled services companies to implement work from home wherever operationally feasible, saying the move could help conserve fuel and reduce unnecessary travel amid rising global uncertainties.In a letter addressed to Union Labour and Employment Minister Mansukh Mandaviya, the employee body said remote working should be encouraged as part of a broader national effort…