IT industry

January 13, 2025 4:57 PM

India Expands IT Hardware Manufacturing; Total Electronics Production rses to Rs. 9.80 lakh crore

India’s electronics manufacturing sector has reached a historic milestone with the inauguration of Syrma SGS Technology’s state-of-the-art laptop assembly line in Chennai, inaugurated by Union Minister of Electronics and Information Technology, Ashwini Vaishnaw. A Major Step in 'Make in India' The new assembly line will initially produce 100,000 laptops annually, with production capacity expected to scale up to 1 million units within the next 1-2 years. This initiative is part of the gove...

Recovery in global IT markets bodes well for Indian tech companies: Report

Strong quarterly results from global IT leader Accenture have sparked optimism among analysts, suggesting that Indian IT companies may follow suit with improved performance in the upcoming quarters. A report by HDFC Securities highlights Accenture's Q4 FY24 results as a promising sign of recovery for the global IT sector, which could benefit Indian firms as well. The report said, "Accenture's Q4 FY24 results validated signs of improvement for the IT sector." Accenture's performance in the fina...