Page 5 - Tech Companies

High noon for clean power

Companies are buying green energy like never before, with India setting new records

Waning demand for IT services hits hiring at majors Indian tech companies

Tata Consultancy Services, Infosys and HCLTech have seen employee headcount reducing in the second quarter as they reported weak results

Israel-Hamas war: Tech firms may shift operations to India, other locations

According to reports, Israel is home to over 500 global companies including Microsoft, Intel, and Google

HCLTech, Business Finland sign agreement for technology collaboration

Partnership will enable Finnish firms to use Indian company's innovation network

Big Tech companies meet: Govt to clear air on digital data privacy

MeitY officials have already conducted meetings with consumer protection groups who have pushed for immediate enactment of the Privacy Act

Zepto becomes first unicorn this year, raises $200 mn at $1.4 bn valuation

This comes amid a funding slowdown where startups, across the board, have found it challenging to raise capital

Europe's sweeping rules for tech giants to kick in, here's how they work

Google, Facebook, TikTok and other Big Tech companies operating in Europe are facing one of the most far-reaching efforts to clean up what people encounter online. The first phase of the European Union's groundbreaking new digital rules will take effect this week. The Digital Services Act is part of suite of tech-focused regulations crafted by the 27-nation bloc long a global leader in cracking down on tech giants. The DSA, which the biggest platforms must start following Friday, is designed to keep users safe online and stop the spread of harmful content that's either illegal or violates a platform's terms of service, such as promotion of genocide or anorexia. It also looks to protect Europeans' fundamental rights like privacy and free speech. Some online platforms, which could face billions in fines if they don't comply, have already started making changes. Here's a look at what's happening this week: WHICH PLATFORMS ARE AFFECTED? So far, 19. They include eight social media .

2 out of 3 firms paying for employees' upskilling programme: Scaler survey

The 2023 hiring survey stated that 72.02% of the respondents said that data science/algorithm is the most important skill

Top headlines: Boeing starts production of Apache choppers for Indian Army

Business Standard brings you the latest headlines at this hour

Tech companies are slowing layoffs but still not yet resuming hiring

Still, job cuts in the tech industry appeared to slow in June and July and are on track to be even lower this month, according to an analysis by research firm Jefferies

Tech industry records over 226,000 layoffs in 2023, up 40% since 2022

Since the beginning of 2021, tech companies have laid off over 405,000 individuals

Kyndryl approach is to create in India for global markets: Lingraju Sawkar

Products and services created in the country can be adapted in other markets, he says

Google employee salaries leaked, software engineers paid Rs 5.90 crore

This information came from an internal spreadsheet shared among Google employees that contained data from more than 12,000 US workers in a range of positions

Responsible innovation, reskilling needed as tech cos adopt Gen AI: Experts

With generative artificial intelligence set to impact operations in businesses, industry experts emphasise the need for reskilling, as they push for responsible innovation. World's richest man Elon Musk has formed "maximally curious, truth-seeking" artificial intelligence company xAI, he revealed on Twitter Spaces. He suggests self-regulation via an industry body. Arun Kumar Parameswaran, Senior Vice President and Managing Director, Salesforce India said while Gen AI plays a crucial role in its operations across verticals, merely delivering its capabilities is not enough. "As companies race to adopt and implement generative AI, it is imperative to prioritise balance. Merely delivering generative AI capabilities is insufficient; responsible innovation must take precedence, he said. Companies are betting big on Gen AI. HCL and Wipro announced Gen AI labs, with Wipro pledging USD 1 billion for developing AI solutions. Chennai-headquartered software company Zoho intends to take Gen AI

Over half of tech HR employees using ChatGPT for all kinds of work: Report

More than half of the tech HR employees surveyed reported using AI chatbot ChatGPT for tasks such as training, surveys, performance reviews, recruiting, and more, a new report has shown

Intel, Micron plans to spend billions on new chip plants outside US

Washington is seeking to strengthen key supply chains outside of China as it works to contain Beijing's geopolitical ambitions

Israel's judicial reform could prompt hi-tech cos to relocate abroad: IMF

A report by the International Monetary Fund (IMF) cautioned that the uncertainty caused by the Israeli government-proposed judicial reform could prompt Israeli hi-tech companies to relocate abroad

Tech companies lead way with 50% of total flex space in India: Report

A hybrid working model has brought flex spaces to the centre stage and helped occupiers in optimising costs and ensuring employee flexibility, the report said

IBM expanding in tier-2, tier-3 locations in the country: IBM India MD

Amidst global economic uncertainty, tech giant IBM isn't seeing any sign of a slowdown in India, said Sandip Patel, managing director, IBM India

Vaishnaw to meet top tech execs to invite investments in chips, laptops

The Centre has been wooing global companies through the production-linked incentive scheme and the semiconductor scheme, both of which provide incentives to companies