Tech Firms

US big tech Google, Amazon struggle to lay off employees in Europe

In Europe, mass layoffs have stalled because of labor protections that make it virtually impossible to dismiss people in some countries without prior consultations with employee interest groups

HLL Infra Tech Services reports 58% jump in profit to Rs 27.76 cr in FY23

HLL Infra Tech Services Ltd (HITES) has reported a 58 per cent jump in net profit to Rs 27.76 crore in 2022-23 compared to Rs 17.6 crore in FY22 on higher revenue from the infrastructure division, the Health Ministry said on Thursday. The total turnover of the central public sector undertaking under the Health Ministry jumped by 19 per cent to Rs 361.38 crores in 2022-23 against Rs 303.40 crores in 2021-22. These significantly positive results were achieved largely due to the infrastructure development business which saw the completion of the new All India Institute of Medical Sciences (AIIMS) at Bhatinda, Gorakhpur and Guwahati and upgradation of multiple projects during the last fiscal year, the ministry said in a statement. HLL Lifecare Limited (HLL) is a 50-year-old CPSE under the Ministry of Health and Family Welfare, the statement said. With the objective to specifically focus on the Construction and Procurement business in the healthcare sector, HITES was raised on 3rd April

Kerala-based tech company develops AI to help expecting and new parents

Kerala-based tech company, Totto, on Monday announced the launch of Cuddle, a service which uses Artificial Intelligence (AI) to provide support to expecting and new parents throughout pregnancy and parenting. The company said Cuddle will provide a comprehensive suite of services designed to address the unique needs of each parent, including prenatal care and nutrition, postpartum recovery, infant development, and more. "Cuddle is now available on WhatsApp, offering parents a convenient and reliable way to access personalized guidance and assistance from a team of experts," the company said in a release. Jofin Joseph, the CEO of Totto said parents face a range of challenges every day, but the options to seek trusted advice are minimal. Joseph said parents can ask questions and share their concerns with the AI. "Our AI Assistant -we call her Janani'-can understand the parent's needs and provide personalized recommendations and insights tailored to each parent's unique needs and ...

'We can't pay you more', small tech firms tell laid-off Big tech employees

As lakhs of Big Tech employees make a beeline to secure a job as soon as possible, smaller tech firms are hiring the talented laid-off workers albeit with a caveat: We can't pay you any more

575 small firms hiring employees laid off by tech giants, says report

India stood third in global tech-hiring geographies, with the US and the European Union taking the lead

HCLTech named Titanium member at Intel awards for second straight year

Indian firm gets US tech giant's highest level of recognition technical innovation in computer networks

HP launches creator-focused Envy x360 15 series laptops in India: Details

The four laptops in HP's Envy x360 15 portfolio are available at a starting price of Rs 82,999

Arvind Kejriwal asks Centre to take note of mass layoffs in tech firms

Expressing his concerns at the mass layoffs across several tech firms, Delhi Chief Minister Arvind Kejriwal on Monday asked the centre to assess the situation in the country and take right steps. Several multi nationals have retrenched in the recent past leading to job cuts in the US and other countries. "The youths are being retrenched in large numbers from the IT Sector. The Central government must review the Indian situation and take right steps," Kejriwal said in a Hindi tweet. Earlier this month, Microsoft CEO Satya Nadella said that the company will lay off 10,000 workers, about five per cent of its total workforce, terming it a hard choice the tech giant had to make to remain a "consequential company" amid global economic uncertainties. Microsoft is the latest firm after Facebook and Amazon to cut jobs as the bloodbath in the technology sector continues in 2023. Describing the current times as a period of "significant change," Indian-origin Nadella said customers who ramped

Microsoft Teams Rooms on Android gets new features with Update 3: Details

Microsoft Teams Rooms update for Android devices brings features like a 4K display support, touch awareness, and more. Below are the details

Intel launches 13th Gen desktop processor with 6GHz clock speeds at $699

Chip-maker Intel has launched its new 13th Gen Intel Core i9-13900KS desktop processor with 6GHz (gigahertz) clock speeds

HCLTech bags deal to modernise IT operations for US insurer State Farm

Some employees of the American company will transfer to HCLTech and continue providing services

HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend

HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%

Meta Quest introduces new feature to allow real-time heart rate tracking

Meta has introduced a new heart rate tracking feature and Health Connect by Android integration on Meta Quest, so that users can keep track of all their fitness statistics

India's fallen tech darlings value buys for Franklin after $20 bn wipeout

Funds managed by Franklin Templeton bought at least 3.3 million shares of e-commerce logistics provider Delhivery Ltd. and more than 2 million shares of PB Fintech Ltd

Not afraid of recession, demand for automation will go up: Verint CEO

Dan Bodner, Verint founder and CEO said that India has been amongst the top two contributors to the Asia-Pacific revenue of the New York-based analytics company and will continue to expand

Zepto will stick to brand promise of 10-minute deliveries: CEO Palicha

Quick commerce fastest-growing consumer technology industry in India, he says

Tech firm Astrome takes high-speed internet to India's hinterlands

IISc-backed Astrome has deployed India's first indigenous technology to facilitate rural 4G and 5G connectivity for the BharatNet Project.

Centre to come up with light-touch regulations for big tech firms: Report

This comes in the backdrop of signs that tech firms may slow down investment in India after the Competition Commission of India's (CCI's) penalty on Google

HCLTech signs multi-year contract with Swiss MRO firm SR Technics

HCLTech's role is to digitally transform the Swiss company's business, will implement a new greenfield SAP S/4HANA environment hosted on Microsoft Azure using RISE with SAP

Bengaluru-based tech firms raised record $7.5 bn in 2022, says report

Bengaluru-based tech companies raised record levels in the first three quarters of this year with $7.5 billion in VC funding -- up from $5.2 billion in 2021, a report showed on Wednesday