Is India ready for the AI revolution? The rapid advancements in artificial intelligence, from generative AI tools to sophisticated machine learning algorithms, are transforming industries across the nation. From fintech's burgeoning use of AI-powered fraud detection to the agricultural sector's embrace of precision farming technologies, the impact is undeniable. This week saw a major breakthrough in indigenous 5G technology development, signaling India's growing prowess in the global tech landscape. But alongside this progress comes the crucial discussion surrounding data privacy, cybersecurity, and the ethical implications of AI deployment. How will India navigate these challenges and harness the transformative power of technology for inclusive growth? Explore the latest developments in Indian tech, from the rise of digital payments to the burgeoning startup ecosystem, and discover how innovation is shaping the nation's future. Stay informed with Abtak.com – your gateway to understanding the tech revolution reshaping India.
Mumbai, Aug 14 (SocialNews.XYZ) Global Information Technology (IT) major Cognizant announced that around 80 per cent of its eligible employees will receive a salary hike from November. The company indicated that the hike will be in a "single high digit" (7 to 9 per cent) of the employees' current salary. During its second-quarter earnings, the company had indicated plans to award merit-based pay rises to the vast majority of staff in the second half of 2025. "Cognizant today said that approximately 80 per cent of its eligible employees will receive a salary hike, effective November 1, 2025. This aligns with its announcement during its second-quarter earnings that it plans to award merit-based salary increases for the vast majority of employees during the second half of 2025," a company spokesperson said. "The salary hikes will be delivered up to, and including, the Senior Associate levels. The amount of these increases will vary, depending on individual performance rating and country. In India, pay increases for our consistently highest performers will be in the high single digits," the company said. "Top performers will receive the highest increases. Earlier this year, Cognizant paid most of its associates their highest bonuses in three years," it further said. Last week, India's largest IT services firm, Tata Consultancy Services (TCS), also announced a wage revision for around 80 per cent of its workforce, largely covering mid to junior-level employees. The move came even as the company is preparing to lay off about 12,000 staff, or 2 per cent of its workforce, in 2025. Cognizant has reported a 7 per cent Year-on-Year (YoY) decline in bookings in the first quarter of the calendar year (Q1 CY25). However, trailing 12-month bookings rose 3 per cent YoY to $26.7 billion, boosted by four large deals, each worth over $100 million. The company reported revenue of $5.1 billion for the first quarter of 2025, representing a 7.5 per cent increase compared to the same period last year (Q1 CY24).
New Delhi, August 14: Cognizant, an IT services company, is reportedly preparing to implement salary hikes for a large portion of its workforce later this year. The development is said to target eligible employees and also aims to reward top performers in India. As per reports, the company is planning merit-based adjustments that could impact many employees across different roles in India. Cognizant is reportedly aligning this adjustment with its earlier statements during the second-quarter earnings, hinting at a structured plan to reward talent and boost employee motivation across the organi ...Read More >
Mumbai: Aimed at reducing high school dropout rates, raising the gross enrollment ratio in higher education to 50% and to enable students to secure fulfilling careers, 'Vidyadhan' scholarship program has announced to offer one lakh scholarships to economically disadvantaged students across the country. Launched in Kerala in 1999, Vidyadhan is an initiative by the Shibulal Family Philanthropic Initiatives (SFPI) and is currently active in 22 states and union territories of the country. In the next four years, Vidyadhan aims to offer one lakh scholarships to underprivileged students across all ...Read More >
Visakhapatnam, Mar 12 (UNI) Andhra Pradesh Minister for Education, IT and Electronics Nara Lokesh met Aiman Ezzat, CEO of Capgemini in Visakhapatnam and held discussions on potential investments and expansion opportunities in the state. During the meeting, the minister highlighted that under the leadership of Chief Minister N Chandrababu Naidu, Visakhapatnam is rapidly emerging as a major IT and data centre hub. He noted that work on the country's largest Google data centre in the city is set to begin soon. Leading technology companies such as Cognizant and Tata Consultancy Services have alre ...Read More >
"I think I'm the luckiest person in India because I have two great mentors -- one is my leader, Chandrababu Naidu, and second is Prime Minister Narendra Modi," Nara Lokesh, Minister for Information Technology, Electronics and Communications, in the Andhra Pradesh government, told Moneycontrol in an exclusive interview. "Prime Minister Modi has always been very inspiring. So, when I got the opportunity to meet with him one-on-one, he gave me time and he answered all the questions I had. I had a w ...Read More >
Kolkata, Aug 14 (PTI) Chief Minister Mamata Banerjee on Thursday said India would not have got Independence if Bengal was not there, as personalities like Rabindranath Tagore and Subhas Chandra Bose, who contributed significantly to shaping the nation's destiny, were born here. Speaking at a function marking the 12th anniversary of the 'Kanyashree' scheme, Banerjee said Bengal is the beacon of hope which stands for unity amid diversity. "If Bengal was not there, India would not have got Independence. Bengal's soil has produced eminent people like Rabindranath Tagore, Nazrul Islam and Subhas ...Read More >
Bengaluru: Karnataka Minister for Large and Medium Industries M. B. Patil on Tuesday said that the state government would press for granting two defence corridors for the state in a meeting with Defence Minister Rajnath Singh. Addressing reporters at his residence here, Patil noted that the Central government had previously ignored Karnataka and granted defence corridors to Tamil Nadu and Uttar Pradesh. "I had already brought this oversight to the attention of the Centre. We are demanding two defence corridors - one between Kolar and Chikkaballapur, and another between Hubballi and Belagavi, ...Read More >
Brookfield India Real Estate Trust's Rs 2,800- crore QIP has drawn interest from institutional investors such as India's biggest insurer Life Insurance Corporation of India (LIC), World Bank arm IFC and mutual funds such as ICICI Prudential MF and SBI MF, sources told Moneycontrol. The Canadian investment firm Brookfield-backed firm's QIP, with a base issue size of Rs 2,800 crore, saw a 2x demand from investors, the sources said. "This is the first time LIC and IFC have invested in a REIT in India, which is a significant development and shows the maturity of REITs as an asset class in India, ...Read More >