Infy will in no way become a product firm: Vishal Sikka

Vishal Sikka, chief executive officer and managing director of Infosys, said on Wednesday that despite the firm’s rapid progress in bringing innovations powered by automation, artificial intelligence, products and platforms, there is no way it would become a product company.

This is because of the fact that the world itself is moving the services way with disruption happening in every segment, he said, while addressing the Morgan Stanley TMT (technology, media and telecom) conference held at San Francisco on Wednesday. Read More

Govt to increase number of e-Seva centres in villages to 250,000

Ravi Shankar Prasad, Communication and Information Technology Minister, said the government was planning to increase number of common service centres in the country while speaking at Make In India Mumbai edition.

Currently, there are 150,000 such centres in the country.

“We want to increase centres to cover 250,000 gram panchayats soon,” said Radha Chouhan, CEO, e-governance, IT.

These centres, she said, will enable “village-level entrepreneur to talk to national-level experts” for guidance, apart from being an e-services distribution point. Chouhan, who followed Prasad at IT and electronics seminar, said the government was also focusing on partnering with private cloud companies to take services online.

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Cognizant rings alarm bell for Indian IT services players

With Cognizant, which has so far defied the trend of moderate growth in information technology (IT) services sector, projecting lower growth in calendar year (CY) 2016, export-dependant Indian companies have a major reason to worry.

The Nasdaq-listed IT services company on Monday said it expects revenue to grow at 9.9–14.3 per cent, one of its lowest ever, and cautioned about spending cuts by the clients in financial services and healthcare sectors.

It has come as a surprise for many that Cognizant, which was known for best growth among its peers, has given outlook whose lower end trails the overall industry guidance issued by Nasscom. For CY16, Nasscom expects IT services to grow between 10-12 per cent, lower than the previous year.