Indian BPM industry will adopt AI, jobs won’t be lost but roles will evolve Gautam April 30, 2024 The industry believes, AI will not negatively impact the Business Process Management(BPM) industry in India. from Information technology, ... Read more
Indian startup OneAIChat unveils unified interface for leading LLMs Gautam April 30, 2024 OneAIChat has launched a multi-modal AI aggregator, integrating various LLMs such as ChatGPT4, Claude 3, Gemini, DALL-E, and Mistral from ... Read more
Deals bagged by top 4 IT firms increase by 32% in FY24 Gautam April 29, 2024 Experts say the election cycle in the US could be a dampening factor from Information technology, Ecommerce, Startups, Infotech Companies ... Read more
Azim Premji’s PremjiInvest bets on AI to prop $10 billion fund Gautam April 28, 2024 AI is helping the asset manager scour more than 10,000 companies globally on 600 parameters to identify investment opportunities from Info... Read more
IT firms’ margins hit a three-year low in FY24 Gautam April 28, 2024 Tata Consultancy Services is the only top IT firm to buck the trend this financial year from Information technology, Ecommerce, Startups, ... Read more
Pune court asks police to probe bribery allegations against IT major Cognizant Gautam April 26, 2024 The bribe was allegedly paid between 2013 and 2014 from Information technology, Ecommerce, Startups, Infotech Companies | The HinduBusines... Read more
HCLTech Q4 FY24 net profit flat at ₹3,986 crore Gautam April 26, 2024 HCLTech reported a marginal y-o-y growth in net profit for Q4 reaching ₹3,986 crore. Despite global challenges, its revenue increased by 7.1... Read more
UST acquires Strativity Group, strengthens presence in Australian market Gautam April 26, 2024 Company says the acquisition bolsters its digital transformation capabilities in the Asia Pacific region from Information technology, Ecom... Read more
Mphasis reports 2.9% y-o-y profit decline at 393.22 cr Gautam April 26, 2024 The company has announced a dividend of ₹55 per share for FY24 from Information technology, Ecommerce, Startups, Infotech Companies | The ... Read more
Thanos Tech opens drone manufacturing facility in Hyderabad Gautam April 24, 2024 The facility has an initial capacity to produce 3,000 drones annually from Information technology, Ecommerce, Startups, Infotech Companies... Read more
PhonePe shifts focus to food, grocery; exits fashion, electronics on ONDC Gautam April 24, 2024 To restructure e-commerce strategy on the Open Network for Digital Commerce from Information technology, Ecommerce, Startups, Infotech Com... Read more
CtrlS to launch its third data centre in Hyderabad Gautam April 24, 2024 The five-storeyed facility is AI-ready and earthquake resistant from Information technology, Ecommerce, Startups, Infotech Companies | The... Read more
LTIMindtree profit declines 1.2% to ₹1,100 cr in Q4 Gautam April 24, 2024 Revenue from operations stood at ₹8,892 crore from Information technology, Ecommerce, Startups, Infotech Companies | The HinduBusinessLine... Read more
PhonePe’s Indus Appstore launches voice search feature in 10 Indian languages Gautam April 24, 2024 The Voice Search technology is powered by artificial intelligence and machine learning algorithms from Information technology, Ecommerce, ... Read more
Cognizant incurs $229 million in 2023 as part of its NextGen programme Gautam April 23, 2024 In the second quarter of 2023, Cognizant initiated the NextGen programme aimed at simplifying its operating model from Information technol... Read more
IT firms’ deal pipeline remain strong despite tough macros Gautam April 23, 2024 IT major TCS saw its order book total contract value(TCV) rise from $8.1 billion last quarter to $13.2 billion, led by mega deals from Inf... Read more
HP Inc partners with Indo-MIM for metal 3D parts production, expect nearly 40% growth in India Gautam April 22, 2024 As part of the collaboration, INDO-MIM has acquired three HP Metal Jet S100 printers. from Information technology, Ecommerce, Startups, In... Read more
Net profit for Sify remains flat in Q4; saw a steep decline in FY24 Gautam April 22, 2024 The decline in PAT in FY24 was due to increase in depreciation and amortisation expense impairment and higher interest cost from Informati... Read more
Reliance Jio’s Q4 profit up 12 per cent Gautam April 22, 2024 Spearheading the nation’s 5G transformation, Jio boasts over 108 million true 5G customers, underscoring its commitment to strengthening Ind... Read more
CRM startup RUNO raises $1.5 million in Pre-Series A Gautam April 22, 2024 Quoting Grand View Research Report, RUNO pegged the global customer relationship management market size at $65.59 billion in 2023 from Inf... Read more
Google will not claim ownership of AI-generated content Gautam April 21, 2024 While OpenAI too said the users can use the content, it expected the users to give credit to them from Information technology, Ecommerce, ... Read more
Tech start-ups can seek DoT nod directly for beta testing services: TRAI Gautam April 21, 2024 There is no requirement to partner a telecom operator first from Information technology, Ecommerce, Startups, Infotech Companies | The Hin... Read more
Apple pulls WhatsApp, Threads from China app store after Beijing order Gautam April 20, 2024 The removal of the apps suggests growing intolerance on the part of China’s central government towards at least some foreign online messagin... Read more
Elon Musk’s India trip may see breakthroughs for Starlink, Tesla Gautam April 19, 2024 The tight timing of Elon Musk and Prime Minister Narendra Modi’s meeting early next week underscores the high stakes for both men from Inf... Read more
Sapience Automata raises ₹1.75 crore from Inflection Point Ventures Gautam April 19, 2024 The AI-driven road safety start-up will use the funds to develop advanced driver-assistance systems technology from Information technology... Read more
Sophos: New ‘Junk Gun’ ransomware disrupts ransomware-as-a-service space Gautam April 18, 2024 This new development is attracting lower-tier criminals who are looking to make a profit. from Information technology, Ecommerce, Startups... Read more
Microblogging site X banned due to national security reasons: Pakistan govt tells High Court Gautam April 17, 2024 Islamabad High Court heard a petition by journalist Ehtisham Abbasi against the disruption in access to X since Feb 17 from Information te... Read more
Infosys Q4 revenue seen lower as IT spend slows Gautam April 17, 2024 Infosys will announce its fourth-quarter results on Thursday from Information technology, Ecommerce, Startups, Infotech Companies | The Hi... Read more
Murdoch partner helps Mukesh Ambani build a media empire Gautam April 17, 2024 It was a beginning of a digital revolution, with Ambani’s Reliance Jio telecom business launching 4G service with free data plans from Inf... Read more
PlanckDOT raises $350,000 in bridge round to develop Quanta AI platform for Edge Data Centres Gautam April 16, 2024 PlanckDOT, valued at $30 million, plans to accelerate the development of the platform to promote sustainable edge data centres from Inform... Read more
Govt to back Voda Idea FPO to ensure competition: TV Somanathan Gautam April 16, 2024 The government is the largest shareholder in the telecom company from Information technology, Ecommerce, Startups, Infotech Companies | Th... Read more
Hackers put a price to your log files -- $10 a file on the darkweb Gautam April 16, 2024 Beware of info-stealing malware, caution cybersecurity experts from Information technology, Ecommerce, Startups, Infotech Companies | The ... Read more
KeyPoint Tech gets patent for contextual discovery tech Gautam April 16, 2024 The company received 39 patents so far across various technologies, the COO says from Information technology, Ecommerce, Startups, Infotec... Read more
Tech firms TCS, Accenture, Cognizant lead LinkedIn's top large companies list Gautam April 16, 2024 Professional networking platform LinkedIn on Tuesday released the 2024 Top Companies list for India wherein IT companies bagged the top thre... Read more
Indian enterprises shifting towards hybrid multi-cloud adoption, smart cloud strategies: Nutanix Survey Gautam April 15, 2024 The annual ECI survey measures enterprise progress with cloud adoption. It highlighted the growing importance of hybrid multicloud infrastru... Read more
Sharechat raises $49 million in debt financing round, valuation drops 60% Gautam April 15, 2024 The new funds will be utiliszed to bolster our robust monetisation plans and propel us on our path to break even and beyond, says Ankush Sac... Read more
Apple loses top phonemaker spot to Samsung as iPhone shipments drop, report says Gautam April 14, 2024 Xiaomi, one of China's top smartphone makers, occupied the third position with a market share of 14.1 per cent during the first quarter ... Read more
We still need an economic trigger for a turnaround in business sentiments: TCS CFO Samir Sheksaria Gautam April 14, 2024 TCS is optimistic about future growth and cost optimization through operational rigor, although macro uncertainties and market caution still... Read more
‘Spyware attack on iPhones erodes trust in mobile phones’ Gautam April 13, 2024 Multi-factor authentication, regular data backup and updating software regularly would help: Check Point from Information technology, Ecom... Read more
Number of devices hit by data-stealing malware rises over 600% in three years: Kaspersky Gautam April 12, 2024 The data, which drew insights from info-stealer malware log files traded on underground markets, showed the actual number of infections is l... Read more
Allow only Indian entities to participate in regulatory sandbox: TRAI Gautam April 12, 2024 The Telecommunications Act, 2023, has introduced the provision of setting up multiple regulatory sandboxes from Information technology, Ec... Read more
Majority of new GCCs prioritise AI/ML capabilities for growth: Report Gautam April 12, 2024 The industry is experiencing a significant diversification in demand and capability functions, driven by a wide-ranging influx from various ... Read more
TCS Q4 results: Net profit rises 9.1% to ₹12,434 crore, revenue grows 3.5% Gautam April 12, 2024 The Tata Group company's post tax profit during the January-March period last year stood at ₹11,392 crore from Information technology,... Read more
Vodafone Idea announces ₹18,000-crore share sale Gautam April 11, 2024 The FPO is scheduled to open on April 18 from Information technology, Ecommerce, Startups, Infotech Companies | The HinduBusinessLine http... Read more
Q4 earnings: TCS, Infosys, Wipro brace for muted show amid weak global macros, tight spends Gautam April 11, 2024 IT earnings season opens on Friday with results of Tata Consultancy Services, followed by Infosys scorecard on April 18 and Wipro on April 1... Read more
Gartner predicts 75% of enterprise software engineers will use AI code assistants by 2028 Gautam April 11, 2024 These assistants enable more capabilities beyond code generation and completion, leading to increased job satisfaction and retention from ... Read more
Infosys, Intel team up to drive enterprise growth with Gen AI Gautam April 10, 2024 Infosys’ Topaz will adopt Intel-based solutions from | The HinduBusinessLine https://ift.tt/SCrPiHQ Read more
Foxconn considers rotating CEOs in management reshuffle Gautam April 10, 2024 One of the sources said the plan was a response to repeated calls by investors to boost corporate governance by separating the role of chief... Read more
CriticalRiver ropes in Phaneesh Murthy, Raju Reddy Gautam April 10, 2024 Digital transformation and technology consulting company also onboards industry veterans Narayana Murthy and Sunil Sharma from | The Hindu... Read more
Zoho founder Sridhar Vembu announces new power tools venture Karuvi Gautam April 10, 2024 Zoho founder and entrepreneur Sridhar Vembu says that a small team of their engineers have created a new line up of power tools that are rea... Read more
EU legislation boosts users for independent browser companies Gautam April 09, 2024 The early results come after the EU’s sweeping Digital Markets Act, forcing big tech companies to offer mobile users the ability to select f... Read more
Sharad Sanghi ventures into Gen AI with Neysa, secures $20 mn seed funding Gautam April 09, 2024 Neysa plans to transform enterprise Gen AI with low-code solutions and future cybersecurity ventures from | The HinduBusinessLine https://... Read more
With foundational elements of Wipro’s transformation in place, my main goal is complete: Former CEO Gautam April 08, 2024 In last e-mail to employees, Thierry Delaporte said revenues had grown 35 per cent in the last 4 years and profit generated was 25 per cent ... Read more
Telephone subscribers rise to 1,197.75 million in February Gautam April 08, 2024 In the wireless segment, subscribers increase to 1,164.64 million in February from | The HinduBusinessLine https://ift.tt/EHBkeaC Read more
Telephone subscribers rise to 1,197.75 million in February Gautam April 08, 2024 In the wireless segment, subscribers increase to 1,164.64 million in February from | The HinduBusinessLine https://ift.tt/do75zRB Read more
Vi hard sells FPO to over 250 hedge funds, institutional investors Gautam April 07, 2024 Earlier this year, Vodafone Idea said it would raise ₹55,000 crore as a mix of debt and equity, with ₹20,000 crore coming from likely invest... Read more
Thierry Delaporte’s mixed legacy at Wipro Gautam April 07, 2024 Analysts have noted that the company has been lacking ability to execute from | The HinduBusinessLine https://ift.tt/h6UHTa7 Read more
Vodafone Idea’s ₹20,000 crore share sale to hit market soon, roadshows garner investor interest Gautam April 06, 2024 The funds will be primarily used to reduce the Vodafone Idea’s debt burden and for capex from | The HinduBusinessLine https://ift.tt/VZmOR... Read more
China’s potential misuse of AI threatens elections in India, US: Microsoft Gautam April 06, 2024 China is using fake social media accounts to poll voters on what divides them most to sow division, says Microsoft’s report from | The Hin... Read more
China may misuse AI to target polls in countries like India, US to boost geopolitical interests: Microsoft Gautam April 06, 2024 China is using fake social media accounts to poll voters on what divides them most to sow division, says Microsoft’s report from | The Hin... Read more
Three in four feature phone users express interest in switching to smartphones: CMR study Gautam April 05, 2024 Drawbacks of feature phones include poor camera quality (62 per cent), lack of advanced apps (56 per cent) and limited Internet access fro... Read more
Mphasis signs collab agreement with AWS to launch Gen AI foundry Gautam April 05, 2024 Mphasis partners with AWS to launch Gen AI Foundry, offering AI solutions for financial services industry from | The HinduBusinessLine htt... Read more
IIIT-H incubator, UK academy to host cohort for SDG-based startups Gautam April 04, 2024 The list of startups selected for the programme included Nariksha Pads, Pola, Quavilon, ASHA+, Hydroverse, SmartKosh, Revalu, and Precue f... Read more
TRAI floats consultation paper on auction of spectrum in three new bands Gautam April 04, 2024 Industry’s opinion sought on various aspects of the proposed auction including pricing, validity, preferred block size, spectrum caps and ro... Read more
Kochi Metro Rail joins ONDC network to enhance mobility experience Gautam April 04, 2024 ONDC has announced the addition of Kochi Metro Rail to its expanding mobility domain from | The HinduBusinessLine https://ift.tt/4JnXgr6 Read more
Indian enterprises generated nearly half of AI/ML transactions in APAC: Report Gautam April 03, 2024 In the APAC region, there has been a staggering increase of nearly 1.3 billion (135 per cent) more enterprise AI transactions compared to EM... Read more
TRAI proposes more viewership rating agencies in addition to BARC Gautam April 03, 2024 BARC’s current panel size is only 55,000 households, while India has over 182 million television viewing households, which is expected to gr... Read more
Edtech start-up Guvi launches Large Language Models for vernacular learners Gautam April 03, 2024 Users can upload course video in English language and get it translated in preferred colloquial language from | The HinduBusinessLine http... Read more
Mobile wallet payments in India to breach $6-trillion mark in 2028: GlobalData Gautam April 03, 2024 Launched in April 2016, UPI had a user base of 300 million as of October 2023, with the figure growing continuously from | The HinduBusine... Read more
Muted demand to stymie Q4 hopes of IT firms Gautam April 02, 2024 Likely Goldilocks phase in the US economy may bring cheers back in 2024-25 from | The HinduBusinessLine https://ift.tt/QZW5dMe Read more
Digital transformation sweeping Indian manufacturers, study reveals Gautam April 01, 2024 ‘A staggering 91 per cent of Indian manufacturers recognise the urgent need for digitisation’ from | The HinduBusinessLine https://ift.tt/... Read more
Jio dominates telecom market with 41.78 lakh new subscribers in January: TRAI data Gautam April 01, 2024 Sunil Mittal-led Bharti Airtel upped its wireless subscriber count by 7.52 lakh from | The HinduBusinessLine https://ift.tt/XuMgQFJ Read more
Infosys receives tax demand of ₹341 crore Gautam April 01, 2024 Evaluating filing appeal against this order, says Infosys from | The HinduBusinessLine https://ift.tt/4NCexJV Read more