Page 12 - Tech Companies

World stocks mixed after Wall Street rebound led by tech, financial firms

World shares were mostly higher on Friday after a broad rally led by tech and financial companies snapped a three-day losing streak on Wall Street. Germany's DAX gained 0.3% to 15,241.57 while the CAC 40 in Paris rose 0.4% to 6,315.27. Britain's FTSE 100 picked up 0.6% to 7,005.56. The future for the S&P 500 gained 0.5% while that for the Dow industrials added 0.3%. Markets rallied late in the week as prices of key commodities such as copper, zinc and aluminum slipped, alleviating concerns over inflation that had triggered sell-offs. Shares in big semiconductor manufacturers were among the biggest gainers. Japan's Nikkei 225 added 2.3% to 28,084.47 and the Kospi in Seoul picked up 1% to 3,153.32, lifted by gains for Samsung Electronics and SK Hynix, which gained 2.3% and 1.3% after announcing plans to expand their investments in chip production and development. In Hong Kong, the Hang Seng advanced 1.1% to 28,027.57. The Shanghai Composite index gained 1.8% to 3,490.38, while ...

Apple podcast service, tags for lost items expected at iPad launch event

The event, being broadcast from Apple's Cupertino, California headquarters, is also likely to include an update to Apple's iPad Pro tablet and its iMacs.

Microsoft buys AI firm Nuance Communications in $19.7-billion deal

With operations in 28 countries, the Burlington, Massachusetts-based company reported $1.5 billion in revenue in fiscal-year 2020

Mid-sized tech company Coforge acquires BPM firm SLK Global for Rs 918 cr

The acquisition is expected to expand Coforge's BPM operations, strengthen its financial services business, and increase presence in North America

Tech roles need women, but companies still prefer men

Technology is too important to be left in the hands of men alone. Unhappily, despite its importance in our daily lives, enough women are not participating in the creation of future technologies

Data privacy: Tension between big technology firms and govt boils over

Experts expect more regulatory action in India against these firms, and say this could have an impact on other parts of the world as well

Samsung expands presence in NAND flash market in fourth quarter

The firm has further upped its leadership in the global NAND flash market in the fourth quarter of 2020

Spotify competitor Anghami to become first Arab tech firm to list on Nasdaq

Headquartered in Abu Dhabi, Anghami has more than 70 million registered users

The sachetisation of video watching: Tech companies snap up market

Papavassilopoulos reckons that from $900 million in 2020, advertisers are expected to spend $2 billion in 2025 on video-on-demand in India

Payments by end-users to foreign software firms not taxable as royalty: SC

This applies to amounts paid by resident Indian end-users or distributors to non-resident foreign manufacturers

Japanese companies go high-tech in battle against food waste, explore AI

Disposing of Japan's more than 6 million tonnes in food waste costs the world's No.3 economy some 2 trillion yen ($19 billion) a year, government data shows

Online assessment firm Mercer Mettl sees 2021 as year of strong growth

Online assessment firm Mercer Mettl on Tuesday said it expects 2021 to be a year of strong growth for the company with most of the economic activities coming out of pandemic. The company's support to corporate for online assessments for hiring and other activities was impacted during the pandemic but growth in the education vertical covered up the adverse impact on overall business, Mercer Mettle CEO Siddhartha Gupta said. "All companies were not hiring. They were also not keen on spending their dollar on L&D (learning and development). It slowed for three months. "The education business grew, which made up for whatever business came down for us. COVID-19 has not impacted us negatively in 2020," Gupta said while announcing a web-based examination platform of the company. He said the education was a smaller business for the company before 2020. "We have actually grown that business 484 per cent year-on-year," Gupta said. The company provides online assessment solutions to ...

Visual technology firm Barco to make India its global innovation, R&D hub

Visual technology firm Barco on Wednesday said it is working to make India its global innovation hub. Barco India Managing Director Rajiv Bhalla announced setting up of the company's biggest global software research and development (R&D) centre in Noida spread over an area of 51,500 sq ft. "India has one of the most talented pools of engineers. We need to provide them with good infrastructure and work environment to attract them. That is one of the reasons for setting up new R&D and software hub," Bhalla said. Barco India has a headcount of 550 people. Out of that, 160 are engaged in R&D. "Barco is working towards making India its global innovation and R&D hub. Equipped with a state-of-the-art facility to cater to cutting-edge research across verticals. More than 60-70 per cent of global software development takes place out of India," Bhalla said. He added that the company increased the R&D team size in 2020 also. "We now have 160 people in R&D. We plan to hire

OutSystems raises $150 mn investment, valuation rises to $9.5 billion

Tech firm OutSystems on Wednesday said it has raised USD 150 million (about Rs 1,092 crore) capital, co-led by Abdiel Capital and Tiger Global, valuing the company at USD 9.5 billion. The funding will be used to expand investments in its R&D and GTM (go-to-market) strategy, a statement said. Founded in Portugal in 2001, OutSystems' modern application platform tools help developers rapidly build and deploy a full range of applications. The company has more than 3.5 lakh community members, over 1,300 employees, 350 partners (including AWS, Deloitte and Infosys), and thousands of active customers in 87 countries and across 22 industries. Developers are a scarce resource in business today, and the complexities of traditional software development exacerbate the challenges most organisations face when tackling their digital transformation agenda, OutSystems founder and CEO Paulo Rosado said. "By fundamentally changing the way software is built, OutSystems makes it possible for every ...

HCL Tech announces one-time special bonus worth Rs 650 cr for employees

Th company had crossed the $10 billion mark in calendar year 2020, delivering a year-on-year growth of 3.6%

Google Cloud appoints Bikram Bedi as new leader for its India business

Bedi joins Google Cloud from SoftBank-backed online grocery startup Grofers, where he served as president for strategy and new initiatives

38% Indian women working in tech industry prefer working from home: Survey

Almost 38 per cent Indian women working in a tech or IT industry prefer working at home to working in the office, says a new survey

Twitter without Donald Trump tumbles along with other tech shares

Shares of social media and other tech companies slid on Monday, hit by fallout from the siege on the US Capitol by supporters of President Donald Trump

Crisis and opportunity: 2020, the year of technology amid Covid-19 pandemic

Tech companies emerged winners from the pandemic, others quickly adapted to change and thrived, but some sank deeper into problems

America can't retain supremacy against Chinese tech by walling itself off

As China approaches technological parity with the U.S. in a variety of high-value industries, the U.S. has acted to maintain supremacy