SAP
Nasscom appoints SAP Labs India MD Sindhu Gangadharan as chairperson
Gangadharan is the first woman to lead SAP Labs India, and currently holds an additional global role as the head of customer innovation services, SAP. In 2023, she was also appointed as the chair of the Nasscom GCC Council.
Xerox pencils $355 million as tech spends for 7-year TCS deal
Xerox disclosed in a filing in the US that it has a commitment with Microsoft for $125 million and with SAP for $45 million for the same duration under this multi-party agreement.
SAP Labs India announces two global appointments
SAP Labs India announced two new global AI roles at its Bengaluru hub. Rahul Lodhe will be the global head of engineering for SAP Business AI Copilot Joule, focusing on integrating the technology across business lines. Sudhakar Singh, the new chief AI security officer, will lead AI security and compliance efforts, leveraging his 20 years in cybersecurity.
SAP’s India cloud growing over 50%, to focus on smaller businesses: India MD
Manish Prasad, president and managing director of SAP Indian Subcontinent, told ET that India is a key growth market for the company. SAP, which is Europe's biggest tech company by market capitalisation, is seeing cloud revenues in the India market rising at over 50% a year as mid-market firms up adoption.
SAP at work on AI agents to up productivity
SAP, Europe’s largest technology company, is developing AI agents for anomaly alerting, decision support, and task automation. It focuses on business AI solutions and plans to release 100 generative AI use cases by 2024. Kask mentioned the benefits of AI agents in boosting productivity and handling diverse, complex processes.
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
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European shares close shy of record after ECB delivers first rate-cut in five years
In new forecasts, the ECB said it expected inflation to average 2.2% in 2025 - up from a previous estimate of 2.0% and meaning it was now seen holding above the central bank's 2% target well into next year. ECB President Christine Lagarde said that only one ECB Governing Council member had opposed the bank's decision to cut interest rates earlier in the day.
New-age stocks recover post poll results; Ixigo IPO launch
A day after election results, shares of new-age companies like Zomato and Delhivery made a sharp recovery on the bourses. A look at the numbers and more in today’s ETtech Top 5.
SAP to acquire Israel-based WalkMe
Both companies' boards have approved the transaction for $14 per share, a premium of 45% on WalkMe's last closing price, they said in a joint statement.
SAP aims to double embedded AI use cases to 100 by year-end: SAP CEO
Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships. Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships.
Europe's STOXX 600 dips as rate worries linger
European shares slipped for a third straight session on Thursday ahead of further economic data from the euro zone that will provide more clues on the European Central Bank's interest rate path, while rate woes continued to dampen sentiment.
HCLTech infuses GenAI into MRO solution to drive enterprises' asset utilisation
HCL Technologies enhances its MRO solution with GenAI capabilities, optimizing asset utilization and streamlining maintenance processes in SAP S/4HANA with a comprehensive natural language inspection and repair findings report.
Can leaders show profitability and sustainability together?
SAP conducted a sustainability study revealing 86% of Indian organizations see a link between sustainability and profitability. Manish Prasad emphasizes sustainability's importance for business success.
India Inc drives better food choices for employees
Indian corporate cafeterias prioritize employee well-being and productivity by promoting healthy food choices like millets, keto bowls, ragi balls, salads, seeds, and jaggery. Influenced by social media, companies like SAP and Tata Motors lead the trend.
Pine Labs' Setu names former SAP executive Anand Raisinghani new CEO
API infrastructure company Setu, affiliated with merchant-focused digital payments firm Pine Labs, announced the appointment of Anand Raisinghani as its new CEO. With over two decades of experience, Raisinghani previously served as Vice President and Head of Professional Services at SAP India, and has worked with tech giants like Equifax, IBM, and Wipro. He will collaborate closely with Setu's co-founder Nikhil Kumar.
SAP expects 10-15% efficiency boost in via GenAI use cases
SAP plans to expand Gen AI applications to boost revenue. India's R&D center vital for AI growth. Private LLMs offer tailored solutions. Flexible LLM architecture adopted for varied tasks. Task suitability crucial for optimal performance.
SAP Labs India, TASK, Edunet Foundation Launch SAP Centre of Excellence in Hyderabad
SAP Labs India's Code Unnati, with Edunet Foundation and TASK, initiates a centre of excellence in Telangana. Focused on emerging technologies, AI, and Industry advancements, the program ensures future job readiness through experiential learning and faculty empowerment.
Innovators start-up and scale with SAP
In conversation with Sanket Deodhar of SAP India, on how startups considering listing or going public can achieve taxation and geographical regulatory compliance through SAP’s solutions. Deodhar discusses SAP’s unique strategy of incorporating AI, including Gen AI, into its applications and making this technology accessible to its customers. He also outlines SAP India’s blueprint for advancing Digital India.
SAP appoints Manish Prasad as India head, elevates Kulmeet Bawa to global role
Manish Prasad is the new president and managing director for SAP Indian subcontinent. He will enable digital transformation with SAP in India. Pekka Ala-Pietilä is proposed to be the new chairman of SAP.
Need more women in AI for inclusive development of the technology
A diverse workforce is better tooled to identify and remove biases, while women also bring to the table a different mental toolkit
SAP board chair designate Punit Renjen to resign, Ala-Pietila nominated as successor
Renjen, a former CEO of Deloitte, was leaving the board over a "difference in perspective on the role of SAP Supervisory Board chair, which Punit Renjen was designated to assume", SAP's statement said, without elaborating.
SAP to restructure 8,000 roles in push towards AI
SAP said it expects generative AI to fundamentally change its business and has pledged to invest more than $1 billion by backing AI-powered technology startups through its enterprise capital firm Sapphire Ventures.
SAP to restructure 8,000 roles in push towards AI
SAP expects generative AI to fundamentally change its business and has pledged to invest more than $1 billion, while opening new tab in AI-powered technology startups via its enterprise capital firm Sapphire Ventures.
UP govt raises sugarcane prices by Rs 20 per quintal
The Uttar Pradesh government has raised sugarcane prices by ₹20 per quintal, benefiting sugarcane farmers ahead of the upcoming general elections. The state advisory price (SAP) for the early maturing variety is now ₹370 per quintal, up from ₹350, while common varieties increased to ₹360 per quintal and unsuitable varieties to ₹355 per quintal.
SAP Labs India elevates Milesh J as strategy and operations head
With over 23 years at SAP, Milesh has worked across critical domains, including product engineering, product management, business development, customer engagement, and consulting. He took up the VP role in April 2022.
CEOs fear for their firms in pre-Davos survey as AI, climate risks rise
Advancements in generative AI were top of the concerns for most survey respondents, with almost 75% predicting it would significantly change their business in the next three years.
SAP elevates Kulmeet Bawa as global chief revenue officer for biz tech platform
Kulmeet Bawa will continue as India head through February, during which time a new leader for SAP India will be announced, the company said in a statement.
SAP to create new board division focused on cloud growth
Muhammad Alam will at the same time join the executive board, succeeding Thomas Saueressig and assuming responsibility for SAP's product engineering.
Tailwinds propelling India; bullish about prospects, says Punit Renjen
India is incredibly important for German multinational software company SAP SE, said senior company officials here on Tuesday.
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