Shilpa Phadnis

Bangalore

Senior Assistant Editor at The Times of India

Business journalist. Times of India. Views are personal. Namma Bengaluru

Featured in: Favicon

indiatimes.com (+8) Favicon

msn.com

gadgetsnow.com Favicon

inkl.com

timesascent.com Favicon

flipboard.com

Articles

Time to focus on biz value of AI, says IBM CEO

1 week ago | timesofindia.indiatimes.com | Sujit John |Shilpa Phadnis

IBM anticipates a surge in GenAI app development, projecting over 1 billion apps by 2028. Business leaders plan to double AI investments, focusing on AI agents for productivity, cost savings, and revenue scaling. IBM's CEO, Arvind Krishna, notes a shift from experimentation to value-driven AI adoption, emphasizing hybrid cloud solutions. Bengaluru: IBM expects over 1 billion apps to be built using GenAIby 2028.
Insourcing: 'Mid-mkt' centres drive GCC boom

2 weeks ago | timesofindia.indiatimes.com | Swati Bharadwaj |Shilpa Phadnis

India's mid-market GCCs are experiencing rapid growth, driven by private equity investments and the strategic importance of these centers for mid-sized firms. These GCCs, numbering over 480 with 2.1 lakh employees, are excelling in AI/ML, cybersecurity, and data science. Hyderabad has emerged as a key talent hub, contributing significantly to the workforce expansion of these specialized service providers.
Infosys Innovation Fund invests in Yali Capital to up deep-tech game plan

2 weeks ago | timesofindia.indiatimes.com | Shilpa Phadnis

TrendingInfosys Innovation Fund has invested in Yali Capital, a Bengaluru-based VC fund, to expand its reach within India's deep tech ecosystem and co-create solutions for its customers. Yali Capital, which launched an Rs 810 crore India-focused deep tech fund, invests in areas like chip design, robotics, and AI.
Fractal proposes indigenous AI medical models to improve healthcare

2 weeks ago | timesofindia.indiatimes.com | Shilpa Phadnis

TrendingFractal Analytics, an IPO-bound company, has proposed to IndiaAI Mission a project costing ₹150 crore to develop indigenous medical foundation models. These models aim to improve healthcare accessibility, medical education, and clinical decision support. Vaidya AI, Fractal's multimodal medical assistant, outperformed leading language models on the PG NEET benchmark, demonstrating proficiency in Indian languages and multimodal reasoning.
Sarvam may get first IndiaAI Mission grant, of Rs 220 crore

2 weeks ago | timesofindia.indiatimes.com | Shilpa Phadnis |Sujit John

TrendingSarvam AI is likely to be the first recipient of funding from the IndiaAI Mission, potentially receiving Rs 220 crore in the form of access to Nvidia H100 chips. This support aims to bolster Sarvam's efforts in developing an indigenous large language model, particularly one tailored for Indian languages, aligning with the mission's goals.
Govt working on national framework to drive GCC expansion into smaller cities: MeitY secretary

3 weeks ago | timesofindia.indiatimes.com | Shilpa Phadnis |Swati Bharadwaj

Hyderabad: The Union ministry of electronics & information technology (MeitY) is developing a national framework to accelerate the expansion of global capability centres (GCCs) across states, particularly in smaller cities, MeitY secretary S Krishnan said on Wednesday at the Nasscom GCC Summit in Hyderabad. Krishnan highlighted the govt's focus on promoting GCC development in smaller cities, referencing successful programmes like Karnataka's ‘Beyond Bengaluru' and Tamil Nadu's ‘Tidal Neo' parks.
More hired than fired but IT pain lingers

3 weeks ago | timesascent.com | Shilpa Phadnis

For over two decades, IT companies have been the biggest hirers of engineering and technology talent. However, amid uncertainty, IT companies are treading cautiously when it comes to workforce expansion. With increased adoption of AI and automation, there is greater focus on productivity. The top three Indian IT firms added 1,438 employees during the March quarter, reversing a decline of 936 in headcount in the Dec quarter.
India home to over 480 mid-market GCCs, employing over 2 lakh employees

3 weeks ago | timesofindia.indiatimes.com | Shilpa Phadnis |Swati Bharadwaj

NewsCity NewsHyderabad NewsIndia home to over 480 mid-market GCCs, employing over 2 lakh employeesTrendingHyderabad: India's mid-market global capability centres (GCC) are experiencing a surge, outshining their peers by unlocking new opportunities. This growth is creating a flywheel effect, allowing them to leverage a diverse talent pool. India has over 480 mid-market GCCs, with 2,10,000 professionals employed, as shown in a Nasscom-Zinnov report.
Infosys expands GCC practice, ropes in Deval Shah to lead

3 weeks ago | timesofindia.indiatimes.com | Shilpa Phadnis

TrendingInfosys is strengthening its capabilities by establishing a comprehensive GCC practice, appointing Deval Shah as its leader. This move aims to capitalize on the rapidly expanding GCC market, offering services like setting up new GCCs and scaling existing ones. Infosys is already witnessing strong momentum with multiple deals, including a recent large win with an airline business.
Infosys expands GCC practice, ropes in Shah as new GCC head

3 weeks ago | timesofindia.indiatimes.com | Shilpa Phadnis

TrendingInfosys is establishing a dedicated global capability centre (GCC) practice, led by Deval Shah, to capitalize on the expanding GCC market. The company aims to secure deals for setting up new GCCs and supporting existing ones. Cognizant and Wipro are also actively engaging with GCCs, recognizing their strategic importance and the opportunities for partnership in areas like engineering and operations.