Oslo, Norway: Norwegian Foreign Minister Espen Barth Eide has underscored the growing strategic importance of ties with India, praising its economic rise and shared commitment to sustainable development, while highlighting diplomatic efforts to reopen the Strait of Hormuz.


Norway FM: 'India Has Innovative Economy In The IT & AI Sector'

Investor anxiety over artificial intelligence valuations and slowing global growth has triggered a sharp selloff in technology stocks. Major US giants like Microsoft, Amazon, and Apple have reportedly lost billions in market value, while Indian IT stocks recorded their steepest decline since the 2008 financial crisis.


AI Fears Trigger Global Tech Selloff, Indian IT Stocks See Worst Fall Since 2008 

Infosys has issued up to 1,000 offer letters to freshers of the 2022 batch after almost 2.5 years, as per the IT employee union Nascent Information Technology Employees Senate (NITES) on September 2.

Infosys issues offer letters to 1000 freshers of 2022 batch, after 2.5 years of campus hiring

Microsoft said on Thursday it was investigating issues with its cloud services in the Central US region, which has disrupted services worldwide. Major airlines across the world said that the outage has adversely affected their flight operations, including in Delhi and Mumbai.

Massive worldwide IT outage, Microsoft investigating azure outage

Microsoft investigating Azure outage after massive worldwide IT outage

At a time when Delhi Chief Minister Arvind Kejriwal languishes in jail after raids by the Enforcement Directorate (ED), the agency has now launched a money laundering investigation against the daughter of Kerala Chief Minister Pinarayi Vijayan, Veena, her IT company, and several others.

Kerala CM’s daughter, her IT firm under ED radar as agency launches money laundering probe

The family of an Indian-origin student who passed away in Canada due to a cardiac arrest on Friday (Feb 16) is seeking assistance from External Affairs Minister S Jaishankar to repatriate his body to India.

Indian student dies in Canada, family appeals to MEA for help in bringing back mortal remains

India's information technology (IT) spending is anticipated to reach $124.6 billion in 2024, reflecting a 10.7 per cent increase from 2023, according to the latest reports.

Indian IT spend to reach $124.6 billion in 2024, claims report

Fears of a worldwide recession have prompted leading Indian IT companies to drastically reduce employee raises and promotions every year. The tech giant Infosys, headquartered in Bengaluru, has increased employee salaries by less than 10% this year.

Top IT giants may cut salary hikes by half as slump hurts the Indian IT sector

Major top tier Indian IT firm have announced steep cuts in yearly hikes and promotion for staffers. Move comes amid an unprecedented global slowdown in tech spending.

Indian IT Companies announce drastic pay cuts; slam the brakes on hiring

India's Income Tax Department, during raids on properties linked to Congress' Jharkhand Rajya Sabha MP Dheeraj Sahu, recovered a whopping sum of approximately ₹290 crore or $34.

$34.7mn cash seized in I-T raids on Cong MP’s properties; Modi vows ‘every penny will have to be returned’

Investors in US tech giant Dell are questioning the soaring 90 per cent rally in the stock, wondering if the high price justifies growth that has yet to materialise.

Dell's stock rally faces reality check as AI demand fails to keep pace

People in a Scottish village have been living in terror as a clown dressed like the film “IT’s” “Pennywise the Dancing Clown” has been lurking on the streets at nights, issuing messages to media and daring the police to catch them.

Watch | Menacing 'It' clown terrorises Scottish village, dares police to catch him

Indian IT services company Wipro announced on Thursday that Jatin Dalal, who has been with the company for over two decades, has stepped down from his role as Chief Financial Officer (CFO) within an intent of exploring other ventures.

Wipro's CFO Jatin Dalal steps down, succeeded by 20-year veteran, Aparna Iyer

Indian tech giant Tata Consultancy Services (TCS) has won a 10-year contract to administer and enhance customer experiences for the Teachers' Pension Scheme in England and Wales.

TCS to digitally transform UK teacher's pension scheme in landmark deal 

A global law enforcement effort has resulted in the closure of one of the largest online black markets in the world wherein internet fraudsters could purchase other people's credentials.

Genesis Market: Notorious cybercrime website shut in global law enforcement crackdown

IT giant Accenture would cut about 19,000 jobs which represents 2.5% of its workforce. The company announced that more than half of layoffs would impact employees in its non-believable corporate functions.

Accenture to lay off 2.5% of its staff, totaling 19,000 employees! | World Business News

Accenture Plc, the Irish-American IT company has announced to slash its working force by 19,000. This comes amid a worsening global economic outlook and the firing spree across the IT sector.

Accenture to lay off 19,000 employees as revenue growth tumbles

Websites of at least three airports in Germany - Dusseldorf, Nuremberg, and Dortmund, reported suffering an IT outage a day after similar problems impacted flight operations of German airline Lufthansa.

After Lufthansa suffers IT breakdown, three more airports report similar outage

A Business Today analysis has revealed that in the past 10 years, salary increases for new hires in the IT sector have been more muted than those for their CEOs.

India: Salaries of IT CEOs climbed by 1,500% compared to only 50% for new hires, says report

In the middle of a debate on Moonlighting which is working for a company and taking another job at the same time, now Indian IT giant emphasis has reportedly fired several employees for this.

World Business Watch: Indian IT firm Infosys fires several employees for 'moonlighting'

Before discussing India's information technology companies, I have to tell you a bad joke about Beethoven. It seems some people heard music emanating from the musician's grave after his body was buried, and it turned out to be the reverse of one of his symphonies.

Moonlight Sonata in IT major: Why part-time work may cause a double disruption in India

Amid fears of global recession, leading IT and tech firms in India like Wipro, Infosys and Tech Mahindra have revoked offer letters given to students, said reports.

India: Major IT companies revoke offer letters given to freshers

Information technology graduates in India have now begun to hunt for other jobs after the tech giants like Wipro, Infosys and TCS have reportedly delayed the onboarding process for more than six months.

Indian IT graduates claim tech giants delaying onboarding

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