Page 14 - Tech Companies

R1-RCM to recruit 3,000 people by Dec; set up new centre in Chennai

According to company officials, the healthcare KPO (knowledge process outsourcing) was hiring for various positions across roles at the Chennai office

Apple becomes latest major tech company to rein in hiring, spending plans

The iPhone maker is looking to limit expenditures and job growth at some of its divisions, Bloomberg reported Monday, though Apple hasn't adopted a companywide policy

Captive 5G play: BIF refutes claims on backdoor entry of tech companies

Industry body Broadband India Forum (BIF) on Friday said suggestions that captive networks should bid for spectrum in auctions is "extremely irrational". BIF refuted the "misinformation" being propagated to demand a level playing field between two completely different sets of services, public and private networks. The comments came a day after telcos' body COAI - which represents Reliance Jio, Bharti Airtel, and Vodafone Idea - claimed that administrative allocation of spectrum for private 5G networks will be against tenets of fairness. The Celluar Operators' Association of India (COAI) had lauded use of open bidding and transparent auction route by companies seeking 5G airwaves. COAI had alleged that administrative allocation of spectrum for captive 5G networks is against principles of level playing field and effectively provides a "backdoor entry" to big technology players to provide 5G services and solutions to enterprises in India without equivalent regulatory compliance and

Startups should think of credit solution for small businesses: Vaishnaw

Vaishnaw urged consumer tech companies to leverage Open Network for Digital Commerce (ONDC), India's alternative in its e-commerce market

Japanese tech giant Toshiba's shareholders approve 13 nominations to board

Chief Executive Taro Shimada, who oversaw the annual shareholders' meeting in Tokyo, said the majority had voted to OK that plan

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

What next after 5G? Battle over delicensing of valuable 6-GHz band

Global tech giants want the entire 1200 MHz of spectrum in this band delicensed while Indian telcos want it licensed for 5G services

IT, technology lead July-Sept 2022 hiring outlook: ManpowerGroup Survey

Record high hiring outlook of 51% in eight years

'Vice-like grip': Why Apple and Google are under UK regulator's probe

The two companies 'ecosystems' stifle competition and 'meaningful choices' to customers, according to UK regulator, Competition and Markets Authority (CMA)

Affle Global buys additional stake in Indus OS to become largest investor

Affle and its affiliates now have approximately 60 per cent of investor voting rights tied to the issued preference shares in Indus OS

Britain plans to investigate Apple, Google's mobile browser dominance

The Competition and Markets Authority (CMA) said on Friday it was also taking enforcement action against Alphabet Inc's Google over its app store payment practices

Japan energy and tech giant Toshiba seeing going private as an option

Toshiba executives on Friday said privatisation remains an option for the Japanese tech company, as they defended their efforts to choose the right bidder to restore what they called a strong Toshiba.

Siemens okays drives applications biz sale to subsidiary for Rs 440 cr

The LDA business within Siemens Ltd recorded revenue from operations of Rs 4,437 million for FY 2021 and an operating profit of Rs 251 million, a company statement said.

Apple to boost salaries for US workers by more than 10% as inflation bites

Apple is now accelerating its annual performance-based pay increases for retail and corporate team members by three months

Snapchat slows down hiring, to only hire 500 more people this year

CEO Evan Spiegel told employees that company plans to hire 500 people this year, versus 2,000 it hired over past 12 months, after warning investors that its revenue wouldn't grow as fast as expected

After pledging $955 mn on buys, Tech Mahindra to focus on integrating firms

Over the last 18 months, the company has committed $955 million to acquire 10 companies in varied deal sizes across the world

SoftBank CEO pays price for tech bets with $20 billion loss at Vision Fund

The Vision Fund swung to a loss of 2.64 trillion yen ($20.5 billion) for the year ended Mar. 31, compared with a 4.03 trillion yen profit in the previous year

India tax authorities froze $478 million of Xiaomi funds in Feb: Report

The fund freeze by tax authorities comes on top of another legal tussle Chinese smartphone giant Xiaomi faces.

HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry

Hono is looking to leverage the fresh corpus of funds to expand operations across India, the Middle East, and Southeast Asia, increase market footprint and strengthen its product offering

EU to enforce new Digital Markets Act to tame Big Tech in spring 2023

The Commission will act against any violations made by "gatekeepers", Meta, Apple, Google, Microsoft, and Amazon, as soon as the law comes into force