Latest news with #Gada
Time of India
04-07-2025
- Business
- Time of India
BFSI's big AI turn to move the business needle for slump-hit IT firms
ETtech Banking, financial services and insurance (BFSI), the biggest sectoral purchaser of Indian technology solutions for decades, is expected to provide the much-needed ballast to a $280-billion industry that has recently struggled to boost its topline in a business climate rocked by AI-induced layoffs, towering tariff hurdles, and potentially inflationary geopolitical this backdrop, Wall Street and London City banks have fared relatively better. With banks and financiers of all description taking to AI, the sector is witnessing an increase in payments modernisation, asset servicing, and platform consolidation, boosting the demand for technology inputs, said experts.'The BFSI vertical continues to be a strategic growth driver for Infosys . We're seeing strong client interest in areas like payments modernisation, asset servicing, and platform consolidation, especially as financial institutions look to simplify operations, enhance customer experience while also delivering on new experiences,' said Dennis Gada, executive vice president and global head of BFS at macroeconomic environment is playing a significant role in shaping demand. With ongoing inflationary pressures, interest rate fluctuations, and geopolitical uncertainties, BFSI clients are more focused on balancing innovation with cost efficiency. This is leading to a shift from discretionary digital projects to more integrated cost takeout programs that deliver broader and measurable business outcomes, Gada BFSI accounts for around 30% of the more than $280 billion Indian IT services industry's total revenue, as per industry body Nasscom and adopters of technology, the sector is expected to spend the highest in AI/GenAI and transformation at around 35-40% at $270-290 billion, followed by healthcare at 25-30% in FY26, data from technology-focused platform UnearthInsight data from a BNP Paribas deal momentum report also highlighted that BFSI had cut most deals in May 2024 with six wins of the 17 large deals bagged by major IT the latest third quarter from March to May financial numbers of Accenture, globally largest IT giant, were indicative of the strong momentum trend continuing in the BFSI vertical, which grew the highest at 13% from a year ago.A Nomura report cited similar optimism for Indian IT services with healthy demand in the BFSI vertical, aided by strong results from global banks and no significant impact (unlike core manufacturing sectors) from ongoing tariff issues. 'Demand conditions have largely remained stable given the 90-day pause in tariffs by the US administration in early May. Deals are more centered around cost take-out and vendor consolidation as clients continue to prioritise cost savings. We think a benign tariff outlook may lead to an improvement in discretionary spend in the short term (read 2QFY26F),' the report industry experts have seen select green shoots in BFSI to have persisted, especially in areas of digital banking and regulatory technology.A June report on State of the agentic AI market from technology research and advisory firm ISG stated that BFSI continues to be the beacon for AI innovation with 30% of use cases / POCs (proof of concepts). 'This is driven by the industry's rich structured and unstructured data, which is the first step to successful adoption of agentic AI in critical workflows…As agentic AI picked up pace over the past two quarters, about 70% of agentic AI use cases are concentrated in just three industries: BFSI, retail, and manufacturing.'Bengaluru-headquartered India's second largest IT major Infosys, which has a 28.4% share of BFSI revenue, is working with clients to modernise their technology foundations and transform their core operations and processes.'We are seeing strong momentum in areas like payments, where cloud-native platforms are enabling real-time processing, faster settlement, and improved efficiencies in the cost to deliver and serve. In core banking, many institutions are adopting an approach to progressively modernise their systems by using API architectural solutions with their legacy platforms while gradually migrating key modules, like lending and deposits, to fully digital modern environments. This allows them to deliver operational, and experience benefits progressively as they undertake their modernisation programs,' Gada pointed to him, regulatory shifts, competitive pressures, increasing costs, customer expectations and the market level focus to launch AI-enabled services are pressing financial institutions to act with urgency.'It's no longer just a technology upgrade or a digital program – it's a strategic imperative to adopt AI for immediate and long-term business benefits. AI and cloud are being adopted, not as isolated tools, but as integrated levers to transform end-to-end processes and deliver business outcomes at scale.'
Sky News AU
02-07-2025
- Politics
- Sky News AU
CNN trying to ‘reframe' narrative against Trump's immigration crackdown
Sky News contributor Kosha Gada discusses the 'ethical' issues with CNN promoting a new controversial app. CNN is promoting an ICEBlock app aimed at informing people of the locations of Immigration and Customs Enforcement (ICE) agents. Ms Gada told Sky News host James Macpherson that CNN is trying to 'reframe' the narrative against Donald Trump's immigration crackdown.
India Gazette
26-06-2025
- Entertainment
- India Gazette
PM Modi praises fitness start-up 'Tagda Raho' for merging tradition with modernity
New Delhi [India], June 26 (ANI): Prime Minister Narendra Modi has once again praised the fitness start-up 'Tagda Raho', saying that the initiative has 'beautifully merged tradition with modernity.' His remarks came after the official X handle of 'Mann Ki Baat' highlighted that the start-up has gained nationwide recognition following its mention in one of the episodes. Sharing the Mann Ki Baat post on his X handle, PM Modi said, 'Indian culture offers many ways to remain fit and healthy. In MannKiBaat, we've been showcasing such efforts, including one such effort which has beautifully merged tradition with modernity in their StartUp.' The Mann ki Baat's post highlighted that the start-up has received the nationwide spotlight after PM Modi mentioned it in an episode back in December of last year. 'When PM Narendra Modi mentioned the Fitness Start-up 'Tagda Raho' in 'Mann Ki Baat', this initiative to revive Indian traditional ways of staying healthy got the nationwide spotlight! That's the power of #MannKiBaat -- turning ideas into impact and dreams into success,' the post read. In December, PM Modi praised the 'Tagda Raho' startup, a Bengaluru-based fitness startup that involves exercises with Gada (mace) and Mugdar (Indian club). This fitness startup made headlines last year when former Indian team captain Mahendra Singh Dhoni expressed interest and invested in it. The founder of this startup, Rishabh Malhotra, while discussing the idea behind the startup's name, stated that 'Tagda Raho' is used as a salutation in the Assam Regiment, similar to how officers and soldiers greet each other within that unit. Instead of saying hello or namaste, they say 'Tagda Raho' to each other when they meet. This concept comes from there. 'I am trying to bring out the concept of our traditional exercises through the 'Tagda Raho' startup, which has been ongoing in the country's akhadas, in a modern way so that people in the cities can adopt them,' Malhotra added. Showing gratitude to PM Modi for bringing the nation's focus to his fitness startup, Malhotra said, 'I am grateful that I got the opportunity to reach the nation through 'Mann Ki Baat' and introduce the 'Tagda Raho' startup.' (ANI)
Sky News AU
19-06-2025
- Politics
- Sky News AU
‘Another forever war': MAGA Republicans divided over intervention rumours
Sky News Contributor Kosha Gada says MAGA Republicans are splintered over the Israeli-Iran conflict. 'The [MAGA] base is firmly aligned on not wanting to get dragged into another forever war,' Ms Gada told Sky News host Peta Credlin. 'Can he do something strategically, tactically, but very restrained and contained that will not spill out into the US getting sucked into boots on the ground for 20 years because that appetite is not there.'
Sky News AU
17-06-2025
- Politics
- Sky News AU
Israel waging ‘exquisite military campaign' against Iran
Sky News contributor Kosha Gada says Israel has waged an 'exquisite military campaign' against Iran so far. The White House has sent a powerful aircraft carrier strike group to the Middle East, but multiple government officials have denied the United States is planning to attack Iran. In Tehran, a state TV broadcast was interrupted when an Israeli missile struck the building. 'The way they have been able to use intelligence coupled with their military might to execute what they have in the last few days,' Ms Gada said.
