Page 16 - Tech Companies

2021 record year for Indian tech investments, Bengaluru in world's top 5

The year 2021 was a record one for venture capitalist (VC) technology sector investments in India, which jumped from ranking fourth globally in 2020 to third, according to new research released in London on Thursday. The analysis conducted jointly by London & Partners and Dealroom.Co found that Bengaluru continued to lead India's tech charge, attracting USD 18.6 billion to rank fifth in the world's top global cities for tech VC investment. Overall, Indian tech VC investment grew nearly three times from USD 14.9 billion in 2020 to USD 44.6 billion in 2021 a year of a worldwide record high for such investments at USD 675 billion. The UK ranked fourth with USD 39.8 billion, with capital London also in fourth place just ahead of Bengaluru as the world's top tech hubs with USD 25.5 billion. The record venture capital investment figures for the UK and India in 2021 demonstrate that tech and innovation are thriving across both regions. With an increasing number of unicorns and exciting .

Firms can improve product affordability through tech intensity: Nadella

Nadella noted that organisations globally are undergoing digital transformation amid the Covid pandemic

Apple to allow third-party app payment option in South Korea

The Korea Communications Commission (KCC) had requested Apple and Alphabet's Google to submit compliance plans

Former US head of Sony PlayStation launches $225 million gaming SPAC

Jack Tretton, who started his career at Sony in 1995, is now the CEO of PowerUp Acquisition Corp.

Green energy goals achievable with right steps taken now: Sunil Mittal

Mittal said the telecom sector as a whole was working to become carbon neutral by 2030, and at India's scale, even reaching 80% of that would be a huge achievement

Revenues of Indian public tech firms grew 4.5% QoQ, 17.8% annually: Nasscom

Digital and cloud the key drivers, with the share

For Big Tech companies, having endless money can hold them and us back

Many smaller tech companies also fear that tech giants are hoard­ing talent because they can

India requires more tech centres, need to be constructed speedily: Rane

Micro, Small and Medium Enterprises Minister Narayan Rane on Friday said that for a population of 135 crore, the nation needs more technology centres which need to be speedily constructed.

China orders ride-hailing firms Meituan, Didi to fix misconduct by year-end

The regulators criticized them for disrupting fair competition and hurting the interests of drivers and passengers, according to a statement published Thursday

The tech landscape is changing

The action against big tech in the US could affect start-ups in other countries like India both positively and negatively

Microsoft to raise prices as much as 20% for some flagship products

The increases will take effect within six months, Microsoft said in a blog post announcing the change

China passes new personal data privacy law, to take effect Nov. 1

The law's passage completes another pillar in the country's efforts to regulate cyberspace and is expected to add more compliance requirements for companies in the country.

JetSynthesys acquires top e-sports firm Skyesports for undisclosed sum

The acquisition will strengthen Skyesports' pan-India proliferation and also sets the stage for its expansion from India to South Asia

China's new regulation blueprint signals its crackdown will go on for years

The document said authorities would "actively" work on legislation in areas including national security, technology and monopolies

Microsoft sees steady cloud growth after record April-June quarter profit

Microsoft Corp posted its most profitable quarter on Tuesday, beating Wall Street expectations for revenue and earnings

Zoom to buy cloud-based call centre operator Five9 in $15-billion deal

Teleconferencing services provider has become a household name and investor favorite since the coronavirus pandemic.

Overseas listings: China tightens grip with review of firms with large data

The security review will put a focus on risks of data being affected, controlled or manipulated by foreign governments after overseas listings, said the Cyberspace Administration of China

NetConnect Global to expand operations in India by hiring 5,000 techies

NetConnect Global (NCG) on Monday said the company is planning to hire 5,000 technology professionals pan-India by the end of this calendar year to facilitate its expansion operations in India.

The stock market as mirror: The changes that they reveal, and don't reveal

While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, notes T N Ninan

Must discuss accountability of big tech companies, says S Jaishankar

External Affairs Minister S Jaishankar on Wednesday said that issues like responsibility and accountability of the big tech companies which enjoy huge power and influence must be debated