Page 5 - Tech Firms

Microsoft Teams Rooms on Android gets new features with Update 3: Details

Microsoft Teams Rooms update for Android devices brings features like a 4K display support, touch awareness, and more. Below are the details

Intel launches 13th Gen desktop processor with 6GHz clock speeds at $699

Chip-maker Intel has launched its new 13th Gen Intel Core i9-13900KS desktop processor with 6GHz (gigahertz) clock speeds

HCLTech bags deal to modernise IT operations for US insurer State Farm

Some employees of the American company will transfer to HCLTech and continue providing services

HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend

HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%

Meta Quest introduces new feature to allow real-time heart rate tracking

Meta has introduced a new heart rate tracking feature and Health Connect by Android integration on Meta Quest, so that users can keep track of all their fitness statistics

India's fallen tech darlings value buys for Franklin after $20 bn wipeout

Funds managed by Franklin Templeton bought at least 3.3 million shares of e-commerce logistics provider Delhivery Ltd. and more than 2 million shares of PB Fintech Ltd

Not afraid of recession, demand for automation will go up: Verint CEO

Dan Bodner, Verint founder and CEO said that India has been amongst the top two contributors to the Asia-Pacific revenue of the New York-based analytics company and will continue to expand

Zepto will stick to brand promise of 10-minute deliveries: CEO Palicha

Quick commerce fastest-growing consumer technology industry in India, he says

Tech firm Astrome takes high-speed internet to India's hinterlands

IISc-backed Astrome has deployed India's first indigenous technology to facilitate rural 4G and 5G connectivity for the BharatNet Project.

Centre to come up with light-touch regulations for big tech firms: Report

This comes in the backdrop of signs that tech firms may slow down investment in India after the Competition Commission of India's (CCI's) penalty on Google

HCLTech signs multi-year contract with Swiss MRO firm SR Technics

HCLTech's role is to digitally transform the Swiss company's business, will implement a new greenfield SAP S/4HANA environment hosted on Microsoft Azure using RISE with SAP

Bengaluru-based tech firms raised record $7.5 bn in 2022, says report

Bengaluru-based tech companies raised record levels in the first three quarters of this year with $7.5 billion in VC funding -- up from $5.2 billion in 2021, a report showed on Wednesday

Don't like Musk? Work for us: Tech firms woo ex-Twitter employees

Put off by Elon Musk's muscular management style? Move to us! That's the pitch being used by talent-starved technology firms trying to lure thousands of former Twitter Inc employees laid off

Xebia to hire 1,200 people in India by March; eyes emerging tech firms

US-based IT company Xebia is planning to hire 1,200 staff in India by March 2023 as the firm sees growth opportunities in the digital transformation space despite a weak macroeconomic situation, a top company official has said. Xebia Global CEO Anand Sahay told PTI that all enterprises are looking towards transformation and demand in the segment is high, which is the reason the company is opening up new centres across the globe, including India, and also planning to acquire firms working on artificial intelligence, cloud computing, augmented and virtual reality etc. He said that based on demand assessment, the company is running short of 1,700 people and even at a conservative estimate Xebia will need 1,200 people by the first quarter of 2023. "We have started operating in Colombia now. We might start in Chile by the end of the first quarter. We are looking forward to growing our Chennai centre. "We are about 200 people in Bhopal and we feel that it should go up to at least 500 peo

Tencent to hand $20 billion Meituan stake to shareholders as sales slip

Meituan said it would maintain its mutually beneficial business relationship with Tencent after the divestment, which comes as the Shenzhen-based tech giant shuts some unprofitable businesses

Kaynes Tech IPO subscribed 34x, Keystone receives 8% bid on Day 1 & more

Kaynes Tech reported a net profit of Rs 10.05 crore and net sales of Rs 199.27 crore in the three months ended on June 2022

Pandemic boom to season of layoffs: How big tech and startups got it wrong

It is not just Meta which is looking at becoming capital efficient. Alphabet, the parent company of Google and Microsoft have already sent messages that focus will be on increasing productivity

Should you bet on new-age tech stocks after a mixed Q2?

Shares of new-age tech companies like Nykaa, Paytm and Zomato have fallen up to 68% from their listing prices. As they struggle with profitability, should investors keep these stocks on radar?

Amagi's valuation crosses $1.4 bn amid funding woes, raises $100 mn

The media technology provider has raised over $100 mn in investment, inclusive of $80 million in primary capital, from global growth equity firm General Atlantic

VC firm Quona Capital announces close of its third fund at $332 mn

Company has invested in more than 17 start-ups in India, has almost 30% of its global team in country