Explore Business Standard
Tech Firms
Shares of Excelsoft Technologies Ltd on Wednesday ended with a premium of nearly 5 per cent against the issue price of Rs 120. The stock made its market debut at Rs 135, rallying 12.5 per cent from the issue price on both the BSE and NSE. During the day, the stock surged 18.87 per cent to Rs 142.65 on the BSE. It finally ended at Rs 125.95 per share, up 4.95 per cent. On the NSE, shares of the firm ended at Rs 125.97 apiece, registering a jump of 4.97 per cent. The company's market valuation stood at Rs 1,449.49 crore. The initial public offer of Excelsoft Technologies Ltd received 43.19 times subscription on the closing day of bidding on Friday last week. Excelsoft Technologies is a vertical SaaS (software-as-a-service) company focused on the learning and assessment market. The Rs 500-crore IPO had a price band of Rs 114-120 per share. The Initial Public Offer (IPO) had a fresh issue aggregating up to Rs 180 crore and an offer for sale aggregating up to Rs 320 crore. The compa
A business-as-usual approach could erode revenue by 30 per cent or more for tech services firms, Bain & Co has said citing major disruptions like AI facing global technology services industry. In its new report 'The new growth equation for tech services' Bain & Company noted that AI is the biggest disrupter in tech services, but "not the only one". Economic nationalism, aging population and the energy transition are also forcing change across the industry. Together, these factors are reshaping how tech services providers operate, deliver value and compete. The global technology services industry faces major disruption, and continuing to operate with a business-as-usual approach could erode revenue by 30 per cent or more, according to the report. "Across the sector, margins have fallen by more than 200 basis points, and valuations have returned to pre-pandemic levels," it observed. Analysis by Bain shows that these factors, however, also create fresh opportunities. The rise of .
Direct chats on Arattai are now protected with end-to-end encryption, the Zoho-backed messaging platform said on Tuesday. In a social media post, Arattai urged users to update to the latest version of the app. "The wait is finally over! Direct chats on Arattai are now protected with end-to-end encryption," it said. Earlier in the day, Zoho founder Sridhar Vembu had said Arattai is poised for a big update with end-to-end encryption scheduled to be rolled out on Tuesday night. Vembu said many more "cool features" on Arattai are in the works once "this big transition" is through. "Please update the Arattai app from the Play Store/App Store, and please encourage your contacts to do so. The end-to-end encryption will be enabled Tuesday night IST," Vembu said in a post on X on Tuesday. He explained that users will be able to exchange only end-to-end encrypted messages if both they and their contacts are using the latest version of Arattai. "If you are on the latest Arattai version and
Azimuth AI and Cyient Semiconductor on Monday announced the launch of 'ARKA GKT-1', billed as India's first-generation intelligent-power platform-on-a-chip designed for high-efficiency edge AI and smart energy applications. The chip, unveiled by Union Minister for Electronics and IT Ashwini Vaishnaw, marks a key milestone in India's strides towards self-reliance and underscores its ambitions to evolve into a hub for semiconductor design and tech innovation, entrenched deeply into global value chains. Developed by Azimuth AI and Cyient Semiconductors, ARKA GKT-1 integrates multi-core custom computing, advanced analogue sensing, memory and intelligent power management into a single, energy-efficient System on a Chip (SoC). Tailored for smart utilities, advanced metering, battery management, smart cities and industrial automation, it brings real-time intelligence while maintaining low power consumption. This first-generation platform is built on Azimuth AI's Software-Defined Silicon .
The Digital Personal Data Protection (DPDP) rules, which currently offer an 18-month transition period for companies, may see this timeline "compressed" for large companies as the government engages with industry stakeholders on the issue. Big tech firms and many large companies already abide by stringent data protection standards in many other markets, among them General Data Protection Regulation (European Union's data privacy and security law) and this argument has prompted discussions about faster implementation of the new rules in India. About the rationale of 18-month transition time, when, in fact, many large companies are already complying with stringent norms elsewhere, IT Minister Ashwini Vaishnaw said the government is already in touch with the industry on the issue. "We have been discussing with industry... the first set of rules have been published and this gives reasonable timeframe depending on what industry's ask was, and what our thrust was." He added, "But we are