Page 15 - Tech Companies

No performance riders on ESOP grants to founders of India's new-age firms

Experts question why such endowments in India's new-age companies are not comprehensively linked with performance targets

Video editing tech firm VideoVerse raises $46.8 mn to expand globally

In October 2021, VideoVerse had raised Series A funding from Moneta Ventures, Baring Private Equity India, Binny Bansal and Ventureast

Tech, engineering, manufacturing firms lead office space in Chennai: Report

As per the latest office report 'CBRE India Office Figures Q1 2022', the total office leasing for the quarter (ending March 31, 2022) was at 2.3 million square feet in Chennai

Stocks fall on Wall Street, led by slump in tech companies

Stocks fell in afternoon trading on Wall Street Monday as the market extends a losing streak from last week. The S&P 500 fell 1.2 per cent as of 12:01 pm Eastern. The Dow Jones Industrial Average fell 189 points, or 0.6 per cent, to 34,530 and the Nasdaq fell 1.8 per cent. Both the benchmark S&P 500 and the Nasdaq are coming off their first weekly loss in four weeks. Technology stocks fell broadly and were the biggest weights on the market. Microsoft fell 3.7 per cent and Apple shed 2 per cent. Energy stocks were among some of the biggest losers as they followed oil prices lower. US crude oil prices fell 3.7 per cent and Exxon Mobil slumped 3.1 per cent. Oil prices remain volatile amid Russia's invasion of Ukraine, which has put more pressure on global energy supplies. Global oil prices are up just over 25 per cent for the year, though they have been easing somewhat throughout April. Industrial companies and banks held up better than the rest of the market. Boeing rose 1.1 per

Office leasing up 97% YoY in Jan-March, Omicron impact muted: CBRE

While several IT firms have shifted to a permanent 'work from anywhere' model for their staff, leasing activity was driven by tech companies, with a 34% share

Lenovo plans to hire 12,000 R&D professionals in next 3 years

Global conglomerate Lenovo has announced plans to hire 12,000 R&D professionals over the next three years, as it focuses on technologies from edge computing to metaverse.

Google removes 93,067 pieces of bad content in India in Feb

Google said that it also removed 338,938 pieces of content as part of automated detection in the above-mentioned period

European Union agrees on new digital rules to rein in Big Tech dominance

EU officials agreed late Thursday on wording for the bloc's Digital Markets Act, part of a long-awaited overhaul of its digital rulebook

New UK bill to send tech CEOs faster to jail if fail to comply

The UK government said that its revised online safety law will speed up the process against tech CEOs to send them to jail if their platforms fail to comply with the Online Safety regulation.

Exodus at tech firms continues from Russia-Ukraine, impacting operations

Companies are taking all possible steps to keep employees safe and to ensure their businesses aren't impacted

Russia:Google, Meta face penalties as deadline passes to open local offices

Russian legislation has obliged foreign social media companies with more than 500,000 daily users to open local offices since July 2021 or be subject to restrictions as severe as outright bans

Tech cos going public, ESG key challenges to capital markets: Sebi chief

Sebi chief Ajay Tyagi on Thursday said the increasing trend of new age technology companies, which are generally loss making, accessing public market is a key challenge to the capital markets

Wipro signs a 5-yr $150-mn strategic engagement deal with ABB Info System

ABB is a leading global technology company that energises the transformation of society and industry to achieve a more productive, sustainable future

Indian IT crosses $200-bn revenue mark, hits $227 bn in FY22: Nasscom

The industry added 450,000 new hires in FY22, the highest ever taking the total direct employee base of the industry to 5 million.

Cleantech start-up Sistema.bio raises $15 million in Series B round

Financing will strengthen partnerships and distribution, carbon reduction activities, R&D efforts and overall operations in LATAM, Africa, and Asia-Pacific

Birlasoft's net profit jumps 18.2% to Rs 114 crore in December quarter

The IT services company had posted a profit of Rs 96.4 crore in the October-December 2020 period

Coforge Q3 consolidated net profit jumps over 50% to Rs 184 crore

The company had posted a net profit of Rs 122 crore in the year-ago period

o9 Solutions' valuation crosses $2.7 billion after $295 million funding

o9 Solutions raises $295 mn funding from General Atlantic, others

Google overhauling its plans for targeted online advertising: Report

The proposal is an outgrowth of Google's plan to phase out a user-tracking technology called third-party cookies in 2023

European Union warns tech companies of incoming child sex abuse rules

The legislation would require tech companies to report child sexual abuse material to authorities