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Rajesh Nambiar Nasscom president Nasscom President Rajesh Nambiar has strongly dismissed fears that AI tools will eliminate technology services jobs, despite market concerns wiping out $50 billion from Indian IT companies’ market value since 2025. He emphasizes that large enterprises’ complex technology needs and regulatory requirements make IT services essential, even as AI adoption grows.“Concerns…
No, Europe’s biggest IT services company Capgemini does not agree with calls of total technological sovereignty in Europe. Paris-based Capgemini CEO Aiman Ezzat has reportedly dismissed calls for a total technological sovereignty in Europe. His comments come at a time when there are calls from several governments across America to reduce dependance on US technology…
NEW DELHI: India will launch its first set of sovereign AI models, announce major national AI research programmes, expand shared computing facilities, and roll out AI labs across 500 universities at AI Impact Summit 2026.Earlier, electronics and IT minister Ashwini Vaishnaw had said home-grown models are ready for public use and will be unveiled at…
A casual moment in San Francisco has gone viral after an Indian-origin tech founder joked about being mistaken for a DoorDash delivery worker, referring to couriers for the popular US food delivery app, despite wearing what many would consider classic startup status symbols. The founder, dressed in a Y Combinator jacket, carrying a Carnegie Mellon…
We are in the middle of the second month of 2026 and nearly 30,000 jobs have been cut across the global tech sector in the first 40 days of the year. Online retail giant Amazon accounted for the single largest layoff in 2026 after the company announced to cut about 16,000 roles in late January….
Drawing a practical analogy, the JPMorgan report calls IT firms the ‘plumbers of the technology world’. (AI image) India’s IT sector is witnessing an unprecedented rout with stocks tanking on fears of artificial intelligence making the main roles at technology sector giants redundant. It’s a selloff like never before – but is the situation so…
Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday…
NEW DELHI: Niti Aayog has proposed a roadmap for a net zero pathway for the transport sector which includes phasing out diesel vehicles and focusing on cleaner technologies, as well as tightening Corporate Average Fuel Efficiency (CAFE) norms.“The transition strategy should begin with the phased elimination of polluting diesel vehicles and the adoption of lower-emission…
Google parent Alphabet is selling a rare 100-year bond in British pounds as part of a massive multi-currency debt raise, making it the first tech company to attempt a century bond since IBM did it back in 1996.The so-called century bond will be part of Alphabet’s debut sterling issuance, according to the Financial Times. Alongside…
Chandan Kumar shot dead in Toronto BENGALURU: A 37-year-old Indian-origin tech professional from Karnataka was shot dead by unidentified assailants in a brazen daylight attack at the parking lot of a busy shopping mall in Toronto Saturday.The victim has been identified as Chandan Kumar Raja Nandakumar, a resident of Brampton in the Greater Toronto Area…
