Behind MCX’s tech transition woes

On the face of it, India’s largest commodities exchange may be struggling because of the delay in switching from 63 Moons Technologies to TCS as its tech partner. But at the heart of the problem lies an excessive reliance on third-party tech vendors.

25 July, 202311 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Tech
Story image

Indian IT companies are rethinking the staffing pyramid ahead of AI disruption

The recent layoffs at TCS have drawn attention to the chances of AI disruption in the industry. While AI is not yet directly causing staffing changes, it is definitely shaping them.

Tech
Story image

Are IT companies overestimating AI productivity gains?

Tech Mahindra CEO Mohit Joshi says IT firms are overpromising when it comes to AI. He may be right.

Business
Story image

Will changes to the H-1B visa programme adversely impact Indian IT firms?

Contrary to popular perception, any tinkering with the H-1B visa process may not hit local companies hard and may actually end up driving more jobs to India.