birlasoft

Birlasoft is eyeing large clients in the banking, financial services and insurance (BFSI) space as the mid-size information technology services company aims to mark its place in the top quadrant of the industry, its chief executive told ET.“Our endeavour is to start serving the top banks, or the top insurance companies and asset management companies. In fact, we have a large number of conversations that are going on with them,” Angan Guha said. “In BFSI, we (currently) don’t serve the top banks or insurance companies, but…

TCS partners with Europ assistance for AI-driven IT transformation; Birlasoft unveils Cogito, a transformative generative AI platform; Generative AI raises job loss concerns in entertainment industry; Taylor Swift deepfakes stemmed from online AI challenge, reports Graphika- this and more in our daily roundup. Let us take a look.1. TCS partners with Europ assistance for AI-driven IT transformationTCS secures a multi-year contract with Europ Assistance, becoming its strategic partner to revamp the global IT operating…

IT services company Birlasoft, part of the diversified CK Birla Group, has appointed Manjunath Kygonahally as chief executive officer for the ‘rest of the world’ (RoW) region, effective January 2. He will be based in the UK.Kygonahally will be responsible for the company’s business and strategic growth initiatives in the RoW region, which comprises all regions outside of the Americas.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science…

The C.K. Birla Group has partnered with Microsoft to establish a Generative AI Centre of Excellence. This collaborative effort aims to expedite value creation and encourage innovation in the implementation of Generative AI, in order to provide advanced enterprise solutions across various industries.Birlasoft and Microsoft are partnering to establish the Generative AI Centre of Excellence. This initiative combines Birlasoft's industry expertise with Microsoft Azure OpenAI Service to create a hub for research, training, and…

Indian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Myntra launches fashion portal FWD to tap GenZ shoppers■ India’s plan at UN cybercrime panel seeks right to ask data from nations■ Kunal Shah’s NBFC Newtap in talks to raise $50­-70 million Indian startups demand change at tech industry body IAMAI, accuse it of favouring Big Tech Contending that the Internet and…

Indian IT companies are looking to beef up their margins and are relying heavily on increasing the utilisation rates to achieve this.Utilisation rates for IT companies mean the percentage of their employees working on active projects. This metric had significantly dropped for them in the past few quarters.India’s second largest IT firm, Infosys, reported a gross utilisation rate of 76.9% (including trainees) for the March quarter, which was lower than the previous quarter. Excluding trainees (or net utilisation), the rate…

About 92% of Wipro’s new campus hires who were offered a lower salary option in order to fast-track onboarding have accepted the company’s offer, a top executive told ET.Last year, the Bengaluru-based IT major had offered some of its new campus hires four to six-month-long ‘Velocity’ programmes to upgrade their salary packages from the initial offer of Rs 3.5 lakh per annum to Rs 6.5 lakh. However, it later offered some of them the option to choose the original package of Rs 3.5 lakh for faster onboarding in February.“The…

Sanjeev Singh, who was serving as Wipro's chief operations officer, has joined CMS IT Services as its managing director and chief executive officer effective immediately.Singh will be operating from Bengaluru. He joins the digital solutions and cloud management firm after serving a four-year stint at Wipro where the chief operations officer besides being a member of the Wipro executive board in his last role. Wipro confirmed Singh's exit. "Sanjeev Singh has decided to pursue a career outside of the company. Wipro thanks…