Thiruvananthapuram, Feb 20 (IANS) The Kerala Cabinet, chaired by Chief Minister Pinarayi Vijayan, on Friday approved the state’s Information Technology Policy 2026, laying out an ambitious roadmap to position Kerala as a leading knowledge and innovation hub in India over the next five years.At the centre of the policy is a target to secure at least 10 per cent of India’s total IT export share and generate a minimum of five lakh new jobs across the IT sector and allied industries, according t…
Latest IT sector News & Updates
Bengaluru, Feb 17 (IANS) Nandan Nilekani, Co‑founder and Chairman of Infosys, said on Tuesday that artificial intelligence (AI) will fundamentally change how software is built and deployed, adding that writing code will no longer be the primary job for technology professionals.Addressing the Infosys’ Investor Day, Nilekani described the AI transition as a “root‑and‑branch” change that requires firms to rethink customer journeys, business processes and organisational structures rather…
Mumbai, Feb 17 (IANS) The Indian equity markets traded lower on Tuesday amid volatility from Nifty weekly expiry session and weakness in metal stocks.As of 9.30 am, Sensex lost 232 points, or 0.28 per cent, to reach 83,044, and Nifty dipped 92 points, or 0.36 per cent, to settle at 25,590.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 declined 0.28 per cent, and the Nifty Smallcap 100 dipped 0.05 per cent.All major sectoral indices traded in the red …
Mumbai, Feb 15 (IANS) After a sharp fall in benchmark indices, investors will closely track global and domestic cues next week, including the US Federal Reserve minutes, RBI policy signals, IT sector trends, bullion prices and foreign investor activity, which are likely to decide the direction of the Indian stock market.Indian stock markets ended sharply lower on Friday, (February 13), weighed down by weak global cues and rising worries over artificial intelligence and its possible impact on the…
Mumbai, Feb 14 (IANS) Generative AI is not causing widespread job displacement in India’s IT sector but is reorganising work, raising productivity and shifting demand toward hybrid skill sets, a report said on Saturday.The report from Indian Council for Research on International Economic Relations (ICRIER) and OpenAI found modest moderation in entry‑level hiring while mid and senior hiring remained stable and noted productivity gains from AI outnumber declines by a ratio of 3.5 to 1 across a…
Mumbai, Feb 14 (IANS) Indian equity benchmarks lost nearly 1 per cent during the week, weighed down by weak global cues and sharp declines in IT index, tracking Wall Street losses due to AI-related fears.Nifty lost 0.87 per cent during the week and dipped 1.30 per cent on the last trading day to 25,471. At Friday’s close, the Sensex was down 1,048 points or 1.25 per cent at 82,626. It declined 1.14 per cent during the week.Sectoral performance remained firmly negative, with all major indices e…
Seoul, Feb 10 (IANS) Exports of large companies in South Korea rose approximately 10 per cent on-year in the fourth quarter, boosted by a rise in global semiconductor demand, government data showed on Tuesday.Outbound shipments from the top 917 of the country’s 70,223 exporting firms came to US$128.1 billion as of end-December, up 10.1 percent from a year ago, according to the data compiled by the Ministry of Data and Statistics, reports Yonhap news agency.The growth was primarily led by semicon…
Mumbai, Feb 6 (IANS) The Indian equity markets posted moderate losses in the early session on Friday, as investors waited for cues from the RBI Monetary Policy Committee (MPC) decision on the key repo rate.As of 9.25 am, Sensex lost 134 points, or 0.16 per cent, to 83,179, and Nifty eased 56 points, or 0.22 per cent to 25,586.Main broad-cap indices posted strong losses, as the Nifty Midcap 100 eased 0.48 per cent, and the Nifty Smallcap 100 edged down 0.97 per cent.Major sectoral indices traded …
Mumbai, Feb 5 (IANS) The Indian equity markets posted moderate losses in early trade on Thursday, tracking poor global cues and weakness in metal stocks.As of 9.23 am, Sensex lost 254 points, or 0.30 per cent, to reach 83,563, and Nifty eased 85 points, or 0.33 per cent to settle at 25,690.Main broad-cap indices posted moderate losses, as the Nifty Midcap 100 eased 0.04 per cent, and the Nifty Smallcap 100 edged down 0.31 per cent.Major sectoral indices traded mixed, with IT insulated from globa…
Dhaka, Feb 4 (IANS) As Bangladesh heads to elections next week, Bangladesh Nationalist Party (BNP) Chairman Tarique Rahman, in an exclusive interview with a leading current affairs magazine, accused the Muhammad Yunus-led interim government of failing to restore law and order. Citing experts’ opinion, he warned that failure to address the law and order situation could push the country towards long-term instability.In an interview with The Diplomat, Rahman said, “After August 5, the interim gover…