Accelerated digitisation augurs well for the IT services industry says: ICRA
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Domestic IT services companies are having a good run
Growth momentum for the industry is likely to sustain over the near term, this has been supported by uptick in all key verticals such as BFSI, telecom, manufacturing, retail and distribution. Domestic IT services companies are having a good run and their revenue growth is expected to be around 9-12% in FY2022, driven by accelerated and robust demand for digital technologies from enterprises globally; and partly on a low base of last year due to Covid-19 impact. Industry growth though, is expected to moderate marginally to 6-9% in FY2023 partly also on account of the base effect. Carrying forward the momentum from recent quarters, ICRA’s sample of 13 IT companies recorded revenue growth of 17.6% in INR terms and 17.3% in US$ terms in Q2 FY2022.The INR appreciated by ~1.0% vis a vis Euro on a Y-o-Y basis which moderated INR growth to some extent during the quarter. However, with normalization in operational overheads as work-from-office has resumed partially and some pricing pressure on commoditised services, operating margins have seen some moderation in H1 FY2022. Notwithstanding the same, margins are expected to remain healthy between 22-24% over the medium term.
A spokesperson of ICRA says, “In line with the growth trajectory witnessed over recent quarters, Indian IT services companies are expected to report healthy growth over the near term due to favorable factors. This growth has been supported by uptick in all key verticals such as BFSI, telecom, manufacturing, retail and distribution. However, concerns have emanated from elevated attrition levels for the industry due to strong demand for digital technologies and lack of adequate skilled manpower to service the same. Companies are reskilling employees to overcome this challenge. Moreover, they have also been able to achieve higher employee productivity through increased deployment of technology. H
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Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschool
Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschool
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Education revolution in Punjab ❤️The transformation we all deserve! #punjab #punjabgovernmentschoolBy AAP | 456 views
India is well Positioned to lead in Digitisation : John Chambers, Cisco
India is well Positioned to lead in Digitisation : John Chambers, Executive Chairman, Cisco
Watch India is well Positioned to lead in Digitisation : John Chambers, Cisco With HD QualityBy VARINDIA | 184 views
TWO BOYS WENT FOR FISHES IN WELL IN KARIM NAGAR, NO OXYGEN IN WELL BOTH ARE WELL AND GOOD
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Icra's Anil Gupta explains why RBI didn't change its policy stance to 'accommodative'
Indian bonds, rupee and stocks slipped on Thursday after the Reserve Bank of India slashed interest rates by 25 basis points, while keeping its policy stance ‘neutral’. Anil Gupta, VP and Head of Financial Sector Ratings at Icra explains key upside risks to inflation.
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ICRA top brass under SEBI scanner for AAA rating to IL&FS
Rating agency ICRA’s top brass is under Sebi scanner for alleged interference to ensure good rating for IL&FS, the agency said in a disclosure. Sebi is looking at whistle blower allegations that ICRA top management meddled to ensure AAA rating to IL&FS. The market regulator has forwarded the whistle blower complaint to the rating agency. “The board of ICRA has given KPMG mandate to look into allegations,” sources said.
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Data Centre market to attract investments upto Rs. 1.20 lakh cr in next 5 years: ICRA
Rapid digitisation and favourable regulatory regime is going to propel demand for data centres. The Indian data centres market is witnessing healthy growth primarily driven by large hyper-scalers like Amazon web services, Google, Microsoft, Facebook, IBM, Uber, Dropbox etc. who are outsourcing their storage needs to third party Data Centre providers. To cater to the increasing demand, Indian corporates like the Hiranandani Group, Adani Group; foreign investors like Amazon, EdgeConnex, Microsoft, CapitaLand, Mantra Group have started investing in Indian Data Centres. Along with them, existing players like NTT, CtrlS, Nxtra, ESDS, STT India are also expanding their capacities. Overall, 3900-4100 MW of capacity involving investments of Rs. 1.05 – 1.20 lakh crore are likely to get added in the next five years. Experts say, “The favourable regulatory support, rapidly growing cloud computing, increasing internet penetration, Government’s effort on digital economy, adoption of new technologies (IoT, 5G etc), growing needs of hyper-scalers are some of the major factors driving the demand for data centres in the country. The sector is likely to witness a five-fold increase in capacities in the next five years. In addition, the Government of India accorded infrastructure status to the data centres in the Union Budget 2022-2023. The IT ministry has plans to offer incentives worth up to Rs. 15,000 crore under a national policy framework for Data Centres. This includes an incentive of 4-6% if the components (IT hardware and power) are procured from Indian manufacturing units and incentive of up to 3% for use of renewable energy. This will enable the players to get access to longer tenured debt at competitive rates and access to foreign funding through the external commercial borrowing route.”
The industry revenues are expected to increase at a CAGR of around 18-19% during FY2022-FY2024 supported by increase in rack capacity utilisation and ramp-up of new Data Centres. WBy VARINDIA | 42 views
Virinchi Hospitals Knee Replacement With Accelerated Recovery For Obese Patients.
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GST has given momentum to a transparent economy and has accelerated growth
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Infrastructure projects delayed by 20-30 years being accelerated through PRAGATI initiative: PM Modi
Infrastructure projects delayed by 20-30 years being accelerated through PRAGATI initiative: PM Modi
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AI is used Towards Client AI Processing
#Artificialintelligence is increasingly being used for client AI processing. This means that AI models are being trained and deployed on client devices, such as smartphones, laptops, and IoT devices. This has a number of advantages, including, Reduced latency, Improved privacy and Reduced bandwidth usage.
Traditionally, AI processing has been conducted by massive clusters of servers in the cloud or data centers. This is because AI models can be very large and complex, and they require a lot of computing power to train and run.
AI is used Towards Client AI ProcessingBy VARINDIA | 485 views
Can Google’s tools combat online misinformation
#Google's efforts to combat misinformation are important because misinformation can have a negative impact on society. It can undermine trust in institutions, lead to violence, and harm democracy. By developing new tools and initiatives, Google is helping to make the internet a safer and more informed place for everyone.
Google has recently unveiled three new tools to combat online misinformation:
· About this Image: This feature, which was initially unveiled earlier in 2023 and is now available globally to English-speaking users through Google Search, provides information about images, including their history, descriptions by users, metadata, and clear indications if an image is generated by AI. Google's AI-generated images are also clearly labelled.
· Fact Check Explorer: This tool allows journalists to verify images by tapping into information from independent organizations.
· AI-generated source descriptions within the Search Generative Experience: This feature provides original sources and insights from reputable publications, which are accessible through the "More About This Page" section in search results.
Can Google’s tools combat online misinformationBy VARINDIA | 201 views
Increasing online Frauds
Recent developments in the technology landscape, including the acceleration of automation, artificial intelligence, and the digitization of industries, are transforming the nature of work. These challenges have immediate and far-reaching implications for India's economy, society, and future prospects.
The Tech Tsunami, characterized by rapid technological advancements, has the potential to drive unprecedented growth and innovation. However, if not harnessed effectively, it could lead to job shrinkage, job displacement and job reduction further leading to increased economic inequality.
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Increasing online FraudsBy VARINDIA | 192 views
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Biolage Deep Treatment Pack Review| Hair Care for dry, frizzy, damaged, colored hair, split ends.
Everything about hair care using at home affordable hair treatments for dry, damaged, frizzy hair and color treated hair with hair pack at home is discussed in this video using the Biolage Deep Treatment hair packs/ hair masks. Hair care with DIY deep treatment hair packs by Biolage helped me get soft, smooth, silky hair. They also have hair masks to tame fly-aways, get rid of split-ends and to treat colored hair which are infused with hair foods and hair caring ingredients which I've explained and shared in detail in this video. I’ve shared with you a demo and my review of the Biolage Deep Treatment Pack for hair as well.
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Easy Treatment For Dark Areas With Affordable Products
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How To : Fuller lips with Easy Techniques - No Lip Liners - No Overlining Ft. Pilgrim Lip care range
Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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Facebook: https://www.facebook.com/prettysimplenkBy Nidhi Katiyar | 384226 views
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Disclaimer : All products used in my videos, regardless of whether the is sponsored or not, are the products i like using. the information provided on this channel is only for general purposes and should NOT be considered asBy JSuper kaur | 422805 views
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Delhi Water Crisis पर सियासत तेज़, Atishi के अनशन का आज दूसरा दिन | AAP Water Satyagraha
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Dhamtari Rain : नगरी क्षेत्र में झमाझम बारिश, पूल के ऊपर से बह रहा है पानी | CG News
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Follow this linkBy Inh News | 124 views
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