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NASSCOM AND BAIN REPORT
OpenAI, Anthropic tap PE muscle to disrupt $300 billion IT services marketAI giants OpenAI and Anthropic are forging major joint ventures with private equity firms, injecting billions to accelerate AI adoption acr...- India set to become high-income country by 2047 buoyed by services sector: ReportIndia aims to become a high-income country by 2047 with a GDP of up to USD 35 trillion, driven by the services and manufacturing sectors. S...
- ‘AI, quantum pivotal to India’s Mission 2047’: ReportIndia's path to a developed economy by 2047 hinges on AI, quantum tech, and digital manufacturing. Nasscom-Bain report highlights AI-driven...
- Tech-first brokers hit a snag; Foxconn’s Bharat FIH in troubleHappy Thursday! Online stock brokers, who used low fees to attract customers, now face an uncertain future with Sebi’s new rules. More on t...
- Smart Charging: Paving the way for an intelligent and efficient two- wheeler EV LandscapeAs the demand for electric bike tends to grow so does the need for smart charging stations. The Ministry of Power reports that there are cu...
- From BPOs to AI: How India’s service exports is getting an upgradeIndia has secured an enviable position in IT exports in the last two decades. It is now time to leverage that position to offer services in...
- India’s trillion-dollar internet economy; Shailendra Singh on Sequoia’s new entitiesAn optimistic report from Google, Bain & Company and Temasek says India’s internet economy will be worth $1 trillion in the next eight year...
- At just 150, global tech M&A deals splutter in March quarterThese deals were in the sectors of IT, business process management (BPM) and engineering research and development (ER&D) industries, said t...
- NASSCOM Foundation and Gen empowers 200 women agri-preneurs with digital skillsThe initiative was to digitally upskill over 200 women agri and agri-allied entrepreneurs to enable them to participate in the digital econ...
- Nasscom, Google join hands to empower women entrepreneurs with digital skillsetDigiVaani Call Centers are aimed at enabling phone-based skilling outreach to 100,000 women entrepreneurs.
- SaaS Tech: Building for India, winning the worldCovid has taught the world the importance of technology. Companies, whether small or big, have taken the plunge and gone digital.
- French BPO, US IT gaint Convergys enter race to acquire IntelenetThe average net IRR of Indian private equity firms wecre around 14.7 %, according to data compiled by Preqin, a UK-based industry tracker.
- Automobile industry is the new IT for India's engineersIT, for a long time, was the top pick for engineering graduates not only for the prospect of rising faster but also for the possibility of ...
- US firms review plans to set up R&D units in IndiaThe US has also reduced the corporate tax rate from 35% to 21%, a move which is aimed at giving companies more headroom to invest and hire ...
- Indian GICs to play an active role in driving investment priorities at Fortune 1000 firmsGlobal companies plan to spend 45% of their IT budgets on growing their businesses, compared to only 20% some years ago, according to a rel...
- Advent International back in Quest Global, to invest $80 millionThe US private equity fund has agreed to invest $80 million (Rs 543 crore) to acquire around an 8% stake held by some of minority investors...
- Advent, Apax & Bain in fray for $240m Quest Global stakeQuest's revenue is estimated at $300 million and its consolidated operating profit is pegged at around $80 million.
- Raman Roy plans to sell Quatrro stake for $500 millionQuatrro Global Services, the BPO firm set up by Raman Roy, the poster boy of Indian outsourcing industry, is in talks with big buyout funds...
- BloomReach raises $25 million in Series C round of fundingBloomReach has raised $25 mn in a round of Series C funding, led by New Enterprise Associates, the Bangalore and Mountain View, California-...
- Offshoring blamed for RBS' onshore glitch; bank clarifies fault was localThe unsubstantiated allegations, denied by RBS, reprise a familiar pattern of noise against offshore outsourcing from developed nations to ...
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