Page 17 - Shivani Shinde/undefined

B2B e-commerce platform ElasticRun reduces FY24 loss to Rs 359 crore

Company made a strategic pivot in FY24 to support high-margin regional brands to drive better profitability metrics

Are campuses ready to cater to tech industry's demand on specialised talent

Recent findings highlight that most colleges are taking steps to prepare for an AI-driven future. But many campuses lack qualified faculty for effective course delivery

Celeb-bait ads make Meta turn to facial recognition tech to combat scams

Global launch to help with faster account recovery

Sharad Sanghi's AI cloud startup Neysa raises $30 mn in Series A funding

This investment builds on Neysa's successful $20 million seed round earlier this year

We've secured a place at the table for large deals: Debashis Chatterjee

Debashis talks about what worked for the company, the combined forces of LTI and Mindtree and how clients are ramping up AI deals

Infosys raises FY25 revenue forecast on BFSI boost; Q2 net profit up 4.7%

Ups growth projection to 3.75-4.5%

Q2 results: Slow growth bottoming out in the top five IT companies

The Bengaluru-based firm for the second consecutive quarter upped its guidance. It now expects FY25 revenue to grow in the range of 3.75-4.5 per cent. From the earlier 3 - 4 per cent

Wipro Q2FY25 results: Net profit rises 21% to Rs 3,201 cr, revenue down 1%

Revenue for the March quarter was marginally down by 1 per cent from the year-ago period to Rs 22,300 crore

FY25 fresher hiring by IT sector to rise by 20-25%: TeamLease Digital

Hiring will be focused on specialized skills; TCS and HCLTech doubling their focus on hiring specialized skills

AGNIT Semiconductors raises $3.5mn in seed round marking first investment

The five-year-old Bengaluru-based startup has raised $4.87 million in total so far and plans to use the fresh funds to scale its production and commercial operations

Accenture elevates Kishore Durg as group operating officer-technology

In August this year, Accenture announced the elevation of Arundhati Chakraborty as group chief executive of Accenture Operations

IT company Mphasis's Q2 net profit rises 8% Y-o-Y, deal value falls

Company says most of its contracts are now for work in artificial intelligence

Senior living company Primus announces raising $20 mn in seed funding

Firm will use financing to develop platform offering range of services for the elderly at their homes

We want to embed our AI Force platform across our customers: HCLTech CEO

He talks about the growth triggers, spend mindset and GenAI deal growth

Oyo likely to raise $200 million at 2x valuation of $4.5-5 billion

Fundraise to help it take over budget hotel chain Motel 6

HCLTech Q2 results: Net profit rises 10.5% to Rs 4,235 cr, revenue up 8.2%

Revenue for the quarter at Rs 28,862 crore, up 8.2 per cent YoY and grew 2.9 per cent sequentially

AI focused robotic startup Perceptyne secures $3 million in seed funding

Perceptyne operates in the space of AI-driven, semi-humanoid robots for industrial automation

We should be cautious about how GenAI is used: PhonePe CTO Rahul Chari

The company's worry continues to be the regulatory market cap in the Unified Payments Interface (UPI) payments ecosystem. Market cap is not the right solution, said Rahul Chari

GenAI: Indian companies see productivity boost as key benefit of technology

As many as 56 per cent of them are establishing governance frameworks for the use of GenAI tools and apps

Clients prioritise cost efficiency; discretionary deal demand low: TCS CEO

The IT services major's Q2 performance was in line with the trends observed in Q1, with robust growth in regional markets partially offset by an underwhelming showing in the US and Europe