BMW, Tata Technologies form JV to drive automotive software biz
The joint venture will initially start with 100 employees at these three locations and rapidly scale to four-digit number of employees by the end of 2025.
software
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Why AI software sector will be the primary driver of tech growth
With a compound annual growth rate (CAGR) of 31.5% from 2023, AI spending in India is expected to reach $5.1 billion by 2027.
TCS Q3 net profit jumps 2% to ₹11,058 cr
Tata Consultancy Services' consolidated revenue grows 4% year-on-year to ₹60,583 crore in Q3.
Wipro's senior leadership crisis deepens
As growth pangs continue for Wipro, the latest of the senior leadership team departure is that of chief growth officer Stephanie Trautman, who led the company's large deals team.
Kia India recalls 30,297 units of Carens for software update
The recall campaign has been initiated to inspect any potential error in the cluster booting process.
Indian firms to capture 8% of global SaaS market in next 5 years: Report
Investments in Indian SaaS reached an all-time high of around $5 billion in 2022, says Bain & Company.
Global macro headwinds may moderate growth for Indian IT firms: Report
Indian IT firms generate around 60-65% of its revenues from the US market and 20-25% from the European market.
Birlasoft rise 2% on share buyback plan; down 37% this year
Birlasoft to buyback up to 78 lakh equity shares with a face value of ₹2 each at a price of ₹500 apiece, amounting to ₹390 crore.
TCS retains passport contract as Centre plans e-Passport
The software services provider had won the contract for the first phase in 2008.
Indian SaaS startups to be the next gold rush?
New report from Bain says software-as-a-service firms could capture 7%-9% of the market by 2022, and SaaS companies founded by Indians can reach upto $20 billion in revenue.
