All stories by Shivani Shinde
Srini Pallia's job as Wipro CEO: Drive growth, stem senior-level exits
Rediff.com8 Apr 2024Wipro has once again chosen to bet on an insider who has grown through the ranks to lead the company. Srini Pallia has spent over three-decades at Wipro and it's the only company he has ever worked with. Till now, Pallia was heading the Americas-1 unit.
IPO-bound Oyo eyes Rs 100 crore PAT in Q4, 20% revenue growth in FY24
Rediff.com5 Apr 2024Oravel Stays, the parent company behind the travel tech brand Oyo, is eyeing to clock Rs 100 crore in Q4FY24 profit after tax (PAT) and a 20 per cent revenue growth for FY24, according to informed sources. These numbers were part of an internal review meeting between founder Ritesh Agarwal and senior management earlier this week, where he spoke about the company's profitability trajectory and growth in business.
Meta And Google Get Ready For Lok Sabha Polls
Rediff.com30 Mar 2024Meta is working closely with the Election Commission. This enables the Commission to flag unlawful content.
TCS likely to offer 7-8% salary hike to offsite staffers
Rediff.com26 Mar 2024Tata Consultancy Services (TCS), India's largest IT services firm, is planning to increase salaries by an average of 7-8 per cent for its offsite employees and 2-4 per cent for its onsite staffers in 2024-25. High performers can expect a raise of 12-15 per cent. The company, which had a headcount of 603,305 as of December 31, 2023, will be closely looking at the promotions and the process may also get pushed to the first quarter of FY25, revealed a source on condition of anonymity, because he is not authorised to speak to the media.
Google Restricts AI Use for India Election
Rediff.com14 Mar 2024Google is also working with the Election Commission of India to enable people to easily discover critical voting information on its search platform -- like, how to register and how to vote -- in both English and Hindi.
'In the long run, thanks to AI, we will need less talent'
Rediff.com12 Mar 2024'If creative jobs can get disrupted, then left brain jobs like coding are easily disrupted. We are going through the journey of huge disruption.'
Majority of Capgemini's 2 billion euros investment in AI coming to India
Rediff.com22 Feb 2024A bulk of the Paris-headquartered IT major Capgemini's proposed euro 2 billion investment over three years in artificial intelligence (AI) is coming to India, a top official of the company said here on Wednesday. The three areas where the European tech major is investing are talent acquisitions, talent reskilling and for partnerships and creating a centre of excellence (CoE). "We have announced we will be training 100,000 people by the first half of 2024.
AI framework to be presented by July: MoS IT Rajeev Chandrasekhar
Rediff.com21 Feb 2024Calling out the need for a global consultative approach towards the creation of regulations around artificial intelligence (AI), Rajeev Chandrasekhar, minister of state for information technology, said India has taken the lead in framing such regulations. He also stated that these frameworks will be presented by June-July this year. "India has taken the lead in creating this draft paper.
'The more we automate, the more work will come'
Rediff.com10 Feb 2024'We do not see people getting reduced, but because of automation, we will do more work.'
'GenAI is going to be the tip of the arrow for HCLTech'
Rediff.com29 Jan 2024'It will drive a lot of surrounding business, that is where we see some good projects coming in.'
Apple reclaims most valued brand title; Tata only Indian brand in top 100
Rediff.com18 Jan 2024Technology companies continue to be the most valued brands globally, with the top five most valued companies from the technology sector, according to Brand Finance 2024. Samsung has entered the top five most valued brands globally. Apple secured the first position after falling to the second spot in 2023.
'YouTube Shorts pulls in people from all over India'
Rediff.com18 Jan 2024'Two in three creators in India who earn money from YouTube agree that YouTube is their primary source of revenue.'
War Has Broken Between IT Giants
Rediff.com12 Jan 2024Trouble started brewing after Cognizant announced that Ravi Kumar, former Infosys president, would take over as the Nasdaq-listed company's CEO.
Q3 continues to be a slow quarter for IT sector due to curtailed spending
Rediff.com11 Jan 2024India's top technology companies will witness a tepid revenue expansion in the third quarter (October - December) of the current financial year (Q3FY24) - along expected lines - on the back of furloughs and no blockbuster deals, even as the momentum gained from Generative AI (GenAI) is likely to take centre stage. IT services and consulting firm Accenture's first quarter numbers in FY24 showed a significant pick up in GenAI spending. It signed new bookings to the tune of $450 million in this space, a surge from the $300 million signed in the whole of FY23.
Can India Create Multi Language AI Like Chat GPT?
Rediff.com8 Jan 2024Creating an LLM trained on Indian languages is not easy. Experts say each language in India has a nuance of its own, so creating a ChatGPT-like product is an ambitious challenge.
TCS needs to keep evolving in age of GenAI: Krithivasan
Rediff.com3 Jan 2024Tata Consultancy Services (TCS) has to "keep evolving" and be relevant to clients as generative artificial intelligence (GenAI) technologies emerge, K Krithivasan, chief executive officer and managing director of the IT company, has said in a New Year's message to employees. "It is always heartening to see the reinforcement of how strong our relationships are with our clients and the level of trust they place with us.
Google versus Epic Games verdict in US cheers Indian gaming developers
Rediff.com13 Dec 2023The verdict in the Google versus Epic Games antitrust case in the US has spread cheer among the Indian gaming and app developers. Ending a three-year legal battle, the San Francisco jury found that Google turned its Play app store and billing service into an illegal monopoly. American video game maker Epic Games, best known for Fortnite, had sued Google in 2020.
Why Deepfakes Are A MENACE
Rediff.com7 Dec 2023'With free software on the Internet and apps, creating a deepfake video can take 3 to 5 minutes. Anyone can make these videos.'
India core to our products and services: JPMorgan Chase CIO Lori Beer
Rediff.com20 Nov 2023For Lori Beer, chief information officer, JPMorgan Chase & Co, largest banker in the US, India is a big part of the organisation's global technology footprint and is core to its products and services. This is evident from the fact that in less than two months since JPMorgan & Chase chief executive officer Jamie Dimon visited India, Beer has come here to see the recently opened centres in Mumbai and Bengaluru. "What is different for me this year are our new centres and to be able to come and see the vibrancy, and connectedness is great.
'We are confident our H2 will be better than H1'
Rediff.com11 Nov 2023'Our Q1 was almost flat, and there was very negligible growth in Q2, but the deal pipeline and the order book have been fairly significant.'