Page 3 - Tech Firms

Gaming industry seeks govt intervention against tech giants' unfair policy

The skill-gaming industry has sought the intervention of the government to rein in the arbitrary policies of the monopoly global tech-giants

Facing unfair competition from global tech giants, says domestic players

Top executives of 8 domestic tech firms, including Paytm founder Vijay Shekhar Sharma and OYO's Ritesh Agarwal, deposed before a parl panel and said they face unfair competition from big tech firms

Parliamentary panel to meet tech firms representatives today amid concerns

Amid concern over anti-competition, the Parliamentary Panel on Finance will meet tech firm representatives on Thursday

How the Right to Repair rule can cut short your visit to the service centre

The tech and auto industry expects the 'Right to Repair' policy to provide recognition to the largely unorganised third-party repairs sector through increased availability of original spares

HDFC Life invests in 'Z3Partners Tech Fund' to aid digital entrepreneurs

Z3 Partners has already backed startups like Cyfirma, DealShare, Gramophone, Shipsy, and True-Fan

ClimateTech firm Climes raises $1.2 mn seed capital from Sequoia, others

The company's tech allows consumer-facing brands to turn climate-positive in a matter of hours. Its tech-stack integrates seamlessly with the checkout pages of everyday consumer brands

Big tech firms offering financial services pose risk to stability: RBI

Big techs can scale up rapidly and pose risk to financial stability, which can arise from increased disintermediation of incumbent institutions, it noted.

Tech firms vouch to support employees after Supreme Court's abortion ruling

Google's chief people officer Fiona Cicconi sent an email to employees, saying that Googlers can "apply for relocation without justification"

Travel technology firm Egencia announces development centre in Gurgaon

The facility will focus on travel management, engineering, e-commerce, and used for technology support.

Over 15K tech sector workers lost jobs in May globally, says report

More than 15,000 people working in the technology sector lost their job in the month of May globally, as global macro-economic factors hit companies, a report said

Consumer sector deals rise in January-March quarter amid consolidation

Tech-focussed firms driving interest

Standing Committee on Finance to discuss big tech firms' practices Thursday

The panel, headed by former minister of state for finance Jayant Sinha, will also hear the views of the Confederation of All India Traders (CAIT) on the subject

Tech giant Samsung likely to raise contract chipmaking prices by upto 20%

Possible price increases are in line with the industry-wide trend to charge more for chip manufacturing amid high inflation and rising raw material costs

Happiest Minds Tech net income up 45% to Rs 52 crore amid high attrition

During the quarter, the mid-sized software firm said, its revenue rose to Rs 310 crore, clipping at 38.8 per cent year-on-year and 6.2 per cent sequentially

Tech, BFSI firms account for 51% of office leasing in Jan-March: Report

Technology companies and BFSI (Banking, Financial Services and Insurance) firms are driving office space demand with contribution of 51 per cent to the total leasing in the segment during January-March period of this calendar year across eight major cities, property consultant CBRE said in a report on Thursday. In its latest report 'CBRE India Office Figures Q1 2022', CBRE South Asia Pvt Ltd said that the office sector in India continued to witness a robust recovery in Q1 2022 as leasing activity grew by 97 per cent year-on-year to touch 11.4 million square feet. "Technology corporates drove leasing with a share of about 34 per cent, followed by BFSI firms (17 per cent), flexible space operators (13 per cent), engineering & manufacturing (12 per cent) and research, consulting & analytics firms (11 per cent)," CBRE said. Bengaluru, Chennai and Delhi-NCR dominated absorption during the quarter, accounting for almost two-thirds of the transaction activity. "With the government's .

Apple alarmed at allowing third-party app stores under new EU law

The upcoming European Union (EU) digital law has alarmed Apple as the tech giant would be forced to allow users to install apps from outside the App Store.

China: Govt buying stakes in tech firms to increase its influence

The State-owned firms and regulators like China's Cyberspace Administration are obtaining the so-called 'golden shares' in private companies, especially internet/technology firms holding large amounts

Chinese govt buying stakes in tech firms to increase its influence

As part of the broader strategy of the Chinese Communist Party (CCP) to increase State ownership of private companies, the State-backed firms and regulators are obtaining stakes

FAANG tech firms hiring more, metaverse to fuel jobs this year

The FAANG companies (Facebook-Meta, Apple, Amazon, Netflix, and Google) listed over 250,000 jobs in 2021 -- a rise of around 44 per cent when compared to 2020, a new report showed on Friday.

US lawmakers approve antitrust reform bill to tame Big Tech

The Senate Judiciary Committee in the US has approved a key antitrust reform that would ban Big Tech from favouring their own services and products over those of their rivals