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Meta to break language barriers with AI, builds universal speech translator

Meta announced an ambitious plan to use AI for translation which has been used by several players including Google & Apple, Indian Govt too has launched its ambitious NLTM programme

PE firm TPG invests $360 mn in AI and analytics services firm Fractal

PE player Apax is exiting partially via this fund raise. It had invested $200 million in Fractal in 2019

We Founder Circle: Creating a platform of angels for early-stage startups

The community the firm has built is India's second largest angel network, with 2,000 founders and strategic investors from 16 countries. It closed its first year with 33 investments worth $20 mn in al

Infosys to HCL Tech, IT firms to see strong Q3 despite seasonal quirks

Broad-based demand for digital, higher discretionary spends to help firms

Accelerator fund 9Unicorns charts aggressive investment plan for 2022

Aims to invest in over 150 startups in 2022, with approx. investment of Rs 400cr

The Great Return to office begins in IT after a long Covid-induced hiatus

TCS, the largest IT services player, has told all its employees to be back at their deputed locations by November 15

HSBC-backed B2B digital platform Serai looks to broaden India play

HSBC-backed firm says it has been able to catch the eye of some mid-cap firms as well

Tata Consultancy Services to be new title sponsor for Jaguar Formula E Team

For­mula E Championship is a single-seater motorsport cha­mp­ionship for electric cars

Q2 results: Digital fuels double-digit growth in IT services companies

Analysts expect growth momentum in the industry to continue for the next two quarters.

Algo Rhythm: Skilled scammers pose new security challenges

Many commodities that can be purchased in the dark markets are inexpensive, making attacks cheaper and easier to conduct

Trust is essential to adoption of AI: Gargi Dasgupta of IBM Research India

In a Q&A, the firm's director dwells on the impact of climate change on business output and how her company's Environmental Intelligence Suite aims to reduce this risk

Adani Group buys minority stake in online travel aggregator Cleartrip

The deal is expected to close in November, subject to customary closing conditions

We have learnt to live with attrition: Rajesh Nambiar of Cognizant India

In a Q&A, the company's CMD also dwells on retention mechanisms and growth drivers in a firm that beat Q3CY21 estimates despite 33% attrition

Rocketing raw material costs hit India Inc margins in September quarter

Firms resort to other expenditure cuts to offset pressure on operating profit margins

Indian startup funding crosses $10 bn in Q3, first time in any quarter: PwC

The fund raise was twice the amount of funding received in Q3CY20 and an increase of 41% over the Q2CY21 figure

Despite strong Q2 numbers, large deals become scarce for IT majors

The firms' total contract values have declined

India's e-commerce industry set to grow 84% by 2024, says report

In India, daily active user (DAU) growth in top shopping apps accelerated in the past three quarters

Gati Shakti Yojana to give tech push for quicker delivery of infra projects

The use of GIS and geo-mapping can reduce project costs considerably, including by obviating project reruns

Exit rush cloud hovers over IT: Top companies see 15-30% attrition rates

This could disrupt demand uptick, say experts

BluSmart drives a green agenda, hopes to expand presence from core NCR base

BluSmart has also gone in for backward integration, creating EV charging stations or what it calls "super-hubs" that can charge almost 70-80 EVs at a time