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Cognizant veteran Rajesh Nambiar appointed as Nasscom Chairperson IT industry’s apex body Nasscom on Monday announced the appointment of Rajesh Nambiar, Chairman and Managing Director, Cognizant India as its Chairperson. Nambiar takes on the new role from his previous role as Vice Chairperson succeeding Anant Maheshwari, ex-President of Microsoft India and now President and CEO of Honeywell’s High Growth Region portfolio. “As enterprises accelerate their journey towards digitalisation, they will evolve into adaptive entities capable ...
Cognizant veteran Rajesh Nambiar appointed as Nasscom Chairperson
Cognizant veteran Rajesh Nambiar appointed as Nasscom Chairperson
Source: IANS
4/09/2023 2:19:58 PM
Industry hails passing of historic data protection bill Leading industry leaders and stakeholders hailed the passing of Digital Personal Data Protection Bill (DPDP) 2023 by the Parliament as it secured the Rajya Sabha's nod on Wednesday, terming it a “watershed moment”. Nasscom said this marks a significant leap forward for India to establish a robust framework for personal data protection and build India as a trusted data destination. Ensuring comprehensive data protection is paramount for accelerating India’s digital ...
Industry hails passing of historic data protection bill
Industry hails passing of historic data protection bill
Source: IANS
10/08/2023 9:39:53 AM
Nasscom announces first UK launchpad to help Indian tech SMEs Nasscom on Thursday signed a memorandum of understanding (MOU) with MIDAS (Manchester's Inward Investment Agency) and MAG (Manchester Airports Groups) to promote innovation, investment, and technological exchange between Greater Manchester, in the UK, and India and will establish the first UK launchpad, following its success in Canada. Nasscom is the apex body for the $245 billion technology industry in India having over 3,000 member companies constituting 90 per cent of the industry&r...
Nasscom announces first UK launchpad to help Indian tech SMEs
Nasscom announces first UK launchpad to help Indian tech SMEs
Source: IANS
29/06/2023 2:28:32 PM
US-India collaboration on DPIs will make us a global digital innovation hub: Nasscom The partnership between the US and India to enable development and deployment of Digital Public Infrastructure (DPI) in developing countries will provide India with an opportunity to solidify its position as a global digital innovation hub, setting an exemplary model for other nations to follow, Nasscom has said. US President Joe Biden and Prime Minister Narendra Modi intend to work together to provide global leadership for the implementation of DPI to promote inclusive development, compet...
US-India collaboration on DPIs will make us a global digital innovation hub: Nasscom
US-India collaboration on DPIs will make us a global digital innovation hub: Nasscom
Source: IANS
24/06/2023 12:03:08 PM
NASSCOM GCC Conclave 2023 Panel Report Sheenam Ohrie, Broadridge Financial Solutions I am delighted to share the Panel Report of the 13th edition of NASSCOM GCC Conclave 2023 for  Sheenam Ohrie, Managing Director, Broadridge Financial Solutions with you. Broadridge India today participated at the 13th edition of NASSCOM GCC Conclave 2023 in Bengaluru with the core theme focused on – ‘Getting Ready for the Hyperconnected World’. This edition of the GCC Conclave emphasised on continuous digital transformatio...
NASSCOM GCC Conclave 2023 Panel Report Sheenam Ohrie, Broadridge Financial Solutions
NASSCOM GCC Conclave 2023 Panel Report Sheenam Ohrie, Broadridge Financial Solutions
Source: PR Agency
4/06/2023 11:59:16 AM
From 350 in 2014 to 90K, Indian startups mushroom, to weather funding winter As the ongoing funding winter and hiring slowdown continue to haunt the tech world, India saw a never-seen-before spurt in the number of startups being created across the spectrum in the last nine years that no other country witnessed. Within a couple of years, India became the third largest startup ecosystem in the world, only behind the US and China. The Indian startup ecosystem has been an unstoppable freight train. The tracks are firmly laid through corporate participation in the fo...
From 350 in 2014 to 90K, Indian startups mushroom, to weather funding winter
From 350 in 2014 to 90K, Indian startups mushroom, to weather funding winter
Source: IANS
27/05/2023 5:50:39 PM
Patent filings soar 13.6% in India, tech domain leads  India witnessed a significant increase in patent filings in FY22 with a 13.6 per cent growth rate (year-on-year), the highest annual increase in the last decade, a report showed on Wednesday. Further, the year witnessed a rise in the share of domestic filings to 44.4 per cent of total patents filed, compared to 41.6 per cent in FY2021, according to Nasscom which released the report on the occasion of World Intellectual Property Day. Out of the 584,000 patents filed in India betwee...
Patent filings soar 13.6% in India, tech domain leads
Patent filings soar 13.6% in India, tech domain leads
Source: IANS
26/04/2023 4:03:39 PM
Nasscom appoints Microsoft India President Anant Maheshwari as Chairperson IT industry's apex trade body Nasscom on Tuesday announced the appointment of Anant Maheshwari, President, Microsoft India as its chairperson for 2023-24. Nasscom also announced the appointment of Rajesh Nambiar, Chairman and MD, Cognizant India as its Vice Chairperson for the same time frame. Maheshwari takes on the new role from his previous role as Vice Chairperson succeeding Krishnan Ramanujam, President, Business and Technology Services, Tata Consultancy Services. In additio...
Nasscom appoints Microsoft India President Anant Maheshwari as Chairperson
Nasscom appoints Microsoft India President Anant Maheshwari as Chairperson
Source: IANS
25/04/2023 4:18:39 PM
FIITJEE accelerator programme empowers 8 early-stage startups From a startup that allows online hangout place for K-12 students who love to build robots and drones to a platform that helps improve speech in English using AI voice engines, the FIITJEE accelerator programme saw eight shortlisted startups showcasing their innovations here. The leading education institution launched first cohort of its accelerator programme in the latter half of 2022 and invited startups from edtech, healthtech and social impact sectors, offering them a structured mentor...
FIITJEE accelerator programme empowers 8 early-stage startups
FIITJEE accelerator programme empowers 8 early-stage startups
Source: IANS
13/04/2023 2:25:12 PM
Quixy bestowed with `Leadership in Innovation Award` at the NASSCOM SME Inspire Awards 2023 NASSCOM, the premier trade body and chamber of commerce of the Tech industry in India, has conferred the ‘Leadership in Innovation Award’ to Quixy at the NASSCOM SME Inspire Awards 2023. As 300 technology companies registered for the awards, a distinguished panel of jury recognized Quixy, a leading No-Code technology platform from Hyderabad, as a high-growth company under the Business Process Management category. The award was presented by Shri. B.B Swa...
Quixy bestowed with `Leadership in Innovation Award` at the NASSCOM SME Inspire Awards 2023
Quixy bestowed with `Leadership in Innovation Award` at the NASSCOM SME Inspire Awards 2023
Source: PR Agency
31/03/2023 4:44:14 PM
India`s tech SME sector revenue to reach $40 bn by FY30 The Indian tech small and medium-sized enterprise (SME) sector revenue is likely to grow in double digits to reach $40 billion by FY30, a Nasscom report said on Tuesday. With growing tech demand, the tech SME sector is expected to contribute 7-9 per cent to the overall FY23E tech industry revenue at $15-$20 billion, higher than the pre-pandemic share of the tech industry at 4-6 per cent. In terms of headcount, the Indian tech SME sector is estimated to close FY23 with 740,000 employees,...
India`s tech SME sector revenue to reach $40 bn by FY30
India`s tech SME sector revenue to reach $40 bn by FY30
Source: IANS
28/03/2023 4:45:52 PM
Indian technology industry set to grow by 8.4% in FY23: Nasscom president Nasscom president Debjani Ghosh has said that the Indian technology industry is set to grow by 8.4 per cent in FY23 to become a $245 billion sector. She said the sector had revenues of $226 billion in FY22. She added that the cross currency headwinds have shaved off over 2 per cent of the revenue growth. Ghosh said it will be difficult to make a prediction for revenue growth in FY24, but pointed to a chief executives' survey which said they are ‘cautiously optimistic’ about...
Indian technology industry set to grow by 8.4% in FY23: Nasscom president
Indian technology industry set to grow by 8.4% in FY23: Nasscom president
Source: Accord Fintech
2/03/2023 1:17:02 PM
India now has nearly 27K active tech startups, adds 1,300 last year  India added over 1,300 active tech startups last year, taking the total tally of active tech startups to 25,000-27,000, a Nasscom report said on Wednesday. India continues to be the third largest tech startup ecosystem globally (after the US and China). The country also added the second highest number of unicorns in the world, with over 23 added in the CY2022. Simultaneously, the potential pipeline of unicorns expanded to over 170, growing at a pace equivalent to 2021, accordin...
India now has nearly 27K active tech startups, adds 1,300 last year
India now has nearly 27K active tech startups, adds 1,300 last year
Source: IANS
15/02/2023 2:20:01 PM
Ex-NASSCOM president Chandrasekhar receives HYSEA award Former IAS officer and ex-President of NASSCOM, R. Chandrasekhar, was on Thursday conferred with the HYSEA Lifetime achievement award. Telangana's Information Technology Minister K.T. Rama Rao presented the award to Chandrasekhar at the 30th HYSEA Annual Summit and Awards 2023. Chandrashekhar, the Chairman of Centre for the Digital Future and former Chairman of Telecom Commission and Secretary in the Department of Telecommunication, Government of India, has been conferred the award ...
Ex-NASSCOM president Chandrasekhar receives HYSEA award
Ex-NASSCOM president Chandrasekhar receives HYSEA award
Source: IANS
10/02/2023 10:18:58 AM
Create regulatory frameworks to help companies innovate: Sundar Pichai to Ashwini Vaishnaw  As India refines its personal data protection (PDP) bill, along with other bills that cater to the digital era, Alphabet and Google CEO Sundar Pichai on Monday said it is important for the government to create regulatory frameworks that help companies innovate on top of those local laws of the land. Stressing that the country is going through a key period of time during digital transformation, Pichai vouched for an open and connected internet. "India has a leadership role to ...
Create regulatory frameworks to help companies innovate: Sundar Pichai to Ashwini Vaishnaw
Create regulatory frameworks to help companies innovate: Sundar Pichai to Ashwini Vaishnaw
Source: IANS
19/12/2022 3:43:04 PM
Indian tech industry hired 380K freshers in FY22, Gen Z keen to join: Nasscom Indian tech industry hired around 380,000 freshers in FY22 and over 70 per cent of Gen Z students are keen to take up tech jobs in the near future, a Nasscom report said on Friday. According to the findings, significant fresher hiring over the last few years in the tech Industry has pushed the share of Gen Z to 18-20 per cent and millennials to 68-70 per cent of total employee base in FY22. In fact, 79 per cent of Gen Z are willing to spend more than two years in their first job, provid...
Indian tech industry hired 380K freshers in FY22, Gen Z keen to join: Nasscom
Indian tech industry hired 380K freshers in FY22, Gen Z keen to join: Nasscom
Source: IANS
16/12/2022 12:57:12 PM
NASSCOM Foundation launches Aspirational Districts Programme to skill over 3.5 mn The NASSCOM Foundation on Wednesday launched the "Aspirational Districts Programme" intending to digitally enable and skill over 3.5 million people by March 2024, to empower marginalised people in remote and backward areas of India. Under the programme, NASSCOM Foundation will tap into over 100 aspirational districts, of which 55 districts have so far been identified across 23 states, and the venture will focus on digital literacy, e-governance, and digital skill-building for mar...
NASSCOM Foundation launches Aspirational Districts Programme to skill over 3.5 mn
NASSCOM Foundation launches Aspirational Districts Programme to skill over 3.5 mn
Source: IANS
14/12/2022 8:53:54 PM
IDFC FIRST Bank gains on partnering with NASSCOM COE to grow innovation ecosystem IDFC First Bank is currently trading at Rs. 59.40, up by 0.15 points or 0.25% from its previous closing of Rs. 59.25 on the BSE. The scrip opened at Rs. 59.65 and has touched a high and low of Rs. 60.00 and Rs. 59.20 respectively. So far 486777 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.20 on 05-Dec-2022 and a 52 week low of Rs. 28.95 on 22-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
IDFC FIRST Bank gains on partnering with NASSCOM COE to grow innovation ecosystem
IDFC FIRST Bank gains on partnering with NASSCOM COE to grow innovation ecosystem
Source: Accord Fintech
8/12/2022 12:42:39 PM
New PDP Bill to bolster India`s narrative as a trusted global partner: Nasscom  The key industry stakeholders led by industry body Nasscom, during a meeting with IT Minister Ashwini Vaishnaw, have emphasised that the draft Digital Personal Data Protection Bill 2022 will bolster India's narrative as a trusted global partner for all invested in digital transformation. In the meeting, attended by Alkesh Kumar Sharma, Secretary MeitY, along with startups and small and medium enterprises (SMEs), provided their initial feedback and suggestions on the bill to the I...
New PDP Bill to bolster India`s narrative as a trusted global partner: Nasscom
New PDP Bill to bolster India`s narrative as a trusted global partner: Nasscom
Source: IANS
5/12/2022 1:59:33 PM
65% Indian firms now employing gig workers amid tech talent crunch Nearly 65 per cent of Indian firms are currently employing gig workers, a higher share compared to 57 per cent in 2020, a Nasscom report said on Thursday. However, while the share of organisations employing gig workers has increased, their proportion remains less than 5 per cent of the total workforce (in companies with more than 2,000 full-time employees). For smaller organisations with less than 2,000 full-time employees, gig worker proportion is more than 5 per cent and none of the o...
65% Indian firms now employing gig workers amid tech talent crunch
65% Indian firms now employing gig workers amid tech talent crunch
Source: Accord Fintech
3/11/2022 1:55:05 PM
India now home to over 450 Web3 startups, 11% of global talent  India now has more than 450 active Web3 startups, with four unicorns, that have raised $1.3 billion funding (till April 2022), a Nasscom report said on Wednesday. Currently, India is home to over 11 per cent of the global Web3 talent, making the country the third largest Web3 talent pool worldwide. Between 2021-2022, India registered over 170 new Web3 startups, yielding over 50 per cent CAGR growth since 2015. With increasing confidence and interest from global investors, inves...
India now home to over 450 Web3 startups, 11% of global talent
India now home to over 450 Web3 startups, 11% of global talent
Source: IANS
19/10/2022 4:45:14 PM
Google Cloud, Nasscom to skill students for entry-level Cloud jobs Google Cloud on Thursday announced it has launched the first cohort of the its computing foundations with Kubernetes course in collaboration with FutureSkills Prime, an IT Ministry and Nasscom digital skilling initiative. The beginner-level course aims to provide participants an opportunity to experience cloud computing, cloud basics, big data and machine learning (ML). The course will offer hands-on training (via Google Cloud Skills Boost platform), for diverse career paths including I...
Google Cloud, Nasscom to skill students for entry-level Cloud jobs
Google Cloud, Nasscom to skill students for entry-level Cloud jobs
Source: IANS
15/09/2022 1:58:49 PM
Datamatics surges on entering into collaboration with NASSCOM Datamatics Global Services is currently trading at Rs. 303.75, up by 2.40 points or 0.80% from its previous closing of Rs. 301.35 on the BSE. The scrip opened at Rs. 302.35 and has touched a high and low of Rs. 306.00 and Rs. 302.20 respectively. So far 7011 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 382.40 on 12-Oct-2021 and a 52 week low of Rs. 230.20 on 24-Feb-2022. Last one week high and low of the scri...
Datamatics surges on entering into collaboration with NASSCOM
Datamatics surges on entering into collaboration with NASSCOM
Source: Accord Fintech
30/08/2022 12:42:48 PM
India now home to 3K deeptech startups that raised $2.7bn in 2021 India is witnessing a boom in deeptech startups in niche areas like cybersecurity, quantum computing, AI and semiconductor, and the country is now home to more than 3,000 such startups that raised $2.7 billion in 2021 -- a 1.6 times growth over 2020 -- a new Nasscom report said on Monday. The country added over 210 deeptech startups in 2021 alone, and Bengaluru and Delhi-NCR are leading them in the country, according to a Nasscom-Zinnov report. "The Indian deeptech ecosystem has al...
India now home to 3K deeptech startups that raised $2.7bn in 2021
India now home to 3K deeptech startups that raised $2.7bn in 2021
Source: IANS
22/08/2022 5:17:38 PM
Cloud adoption can add $380 bn to India`s GDP, create 14 mn jobs: Nasscom  Large-scale adoption of Cloud has the potential to contribute $380 billion to the countrys gross domestic product (GDP), creating 14 million direct and indirect employment opportunities by 2026, a Nasscom report showed on Wednesday. However, India may lose $118 billion in GDP contribution and five million job opportunities by 2026 if businesses and government are late to Cloud adoption, the report warned. With global players heading towards new systems like 3D printing, IoT, robot...
Cloud adoption can add $380 bn to India`s GDP, create 14 mn jobs: Nasscom
Cloud adoption can add $380 bn to India`s GDP, create 14 mn jobs: Nasscom
Source: IANS
20/07/2022 5:00:11 PM
AI adoption to add $500 bn to India's GDP by 2025: Nasscom The adoption of artificial intelligence (AI) and data utilisation strategy can add $500 billion to India's GDP by 2025, a new Nasscom report showed on Thursday. The AI adoption in four key sectors -- BFSI, consumer packaged goods (CPG) and retail, healthcare, and industrials/automotive -- can contribute 60 per cent of the total $ 500 billion opportunity, according to "AI Adoption Index" Nasscom, EY and Microsoft, EXL and Capgemini. Though the current rate of AI investments...
AI adoption to add $500 bn to India's GDP by 2025: Nasscom
AI adoption to add $500 bn to India's GDP by 2025: Nasscom
Source: IANS
23/06/2022 2:30:58 PM
India's IT sector set to grow at 15.5% in FY22: Nasscom The National Association of Software and Service Companies (Nasscom) has said that Indian information technology (IT) sector is set to grow at 15.5 percent - the fastest in over a decade - to $227 billion in FY22, as the pandemic pushes up demand for digitization at companies across the world. It said the revenue growth is much higher than the 2.3 per cent achieved in FY21 in the immediate aftermath of the COVID-19 pandemic, and double that of the pre-pandemic FY20. The body termed FY22 - ...
India's IT sector set to grow at 15.5% in FY22: Nasscom
India's IT sector set to grow at 15.5% in FY22: Nasscom
Source: Accord Fintech
16/02/2022 11:38:41 AM
Services exports crossed $178 bn in 6 months despite Covid: Piyush Goyal "While 2021 was a year in which we defied all odds, 2022 will be the breakthrough year which will unlock the country's exponential value. Services Export for Apr-Dec 2021 reached more than $178 bn despite the Covid-19 pandemic when the Travel, Hospitality & Tourism sectors were significantly down. 'India at 100 will be renowned as a start-up nation as we have added 43 unicorns in 45 weeks, and we should aim for at least 75 unicorns in this 75 week period to 75th Anniversary o...
Services exports crossed $178 bn in 6 months despite Covid: Piyush Goyal
Services exports crossed $178 bn in 6 months despite Covid: Piyush Goyal
Source: IANS
22/01/2022 9:43:51 AM
Half of India's workforce willing to return to offices by Jan As India reopens, over 50 per cent of the workforce in the country is likely to return to offices for up to three days a week starting January, a Nasscom report said on Monday. The workforce up to age 25 are most likely to return to the workplace by this month, followed by employees aged 40 and above in the following months, according to the report brought out by the IT industry's apex body in association with job portal Indeed. Nearly 70 per cent of organisations in India are explo...
Half of India's workforce willing to return to offices by Jan
Half of India's workforce willing to return to offices by Jan
Source: IANS
1/11/2021 2:41:05 PM
Sona BLW Precision Forgings trades jubilantly on collaborating with NASSCOM Sona BLW Precision Forgings is currently trading at Rs. 714.25, up by 60.50 points or 9.25% from its previous closing of Rs. 653.75 on the BSE. The scrip opened at Rs. 668.95 and has touched a high and low of Rs. 723.95 and Rs. 668.95 respectively. So far 265361 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 737.50  on 13-Oct-2021 and a 52 week low of Rs. 295.15 on 24-Jun-2021. Last one week high and low ...
Sona BLW Precision Forgings trades jubilantly on collaborating with NASSCOM
Sona BLW Precision Forgings trades jubilantly on collaborating with NASSCOM
Source: Accord Fintech
13/10/2021 10:46:59 AM
Indian firms embracing AI in big way: Nasscom-EY survey Nearly 70 per cent of Indian enterprises that deployed Artificial Intelligence (AI) have achieved measurable results while 60 per cent believe that AI will disrupt their business within the next 2-3 years, a new Nasscom-EY survey said on Wednesday. While 74 per cent enterprises established either a formal strategy or obtained C-suite sponsorship to initiate or scale-up their AI programmes, 78 per cent believed re-skilling of the existing talent will aid in maximizing value from AI. &quo...
Indian firms embracing AI in big way: Nasscom-EY survey
Indian firms embracing AI in big way: Nasscom-EY survey
Source: IANS
3/09/2020 9:32:43 AM