Page 7 - Tech Firms

Standing Committee on Finance to discuss big tech firms' practices Thursday

The panel, headed by former minister of state for finance Jayant Sinha, will also hear the views of the Confederation of All India Traders (CAIT) on the subject

Tech giant Samsung likely to raise contract chipmaking prices by upto 20%

Possible price increases are in line with the industry-wide trend to charge more for chip manufacturing amid high inflation and rising raw material costs

Happiest Minds Tech net income up 45% to Rs 52 crore amid high attrition

During the quarter, the mid-sized software firm said, its revenue rose to Rs 310 crore, clipping at 38.8 per cent year-on-year and 6.2 per cent sequentially

Tech, BFSI firms account for 51% of office leasing in Jan-March: Report

Technology companies and BFSI (Banking, Financial Services and Insurance) firms are driving office space demand with contribution of 51 per cent to the total leasing in the segment during January-March period of this calendar year across eight major cities, property consultant CBRE said in a report on Thursday. In its latest report 'CBRE India Office Figures Q1 2022', CBRE South Asia Pvt Ltd said that the office sector in India continued to witness a robust recovery in Q1 2022 as leasing activity grew by 97 per cent year-on-year to touch 11.4 million square feet. "Technology corporates drove leasing with a share of about 34 per cent, followed by BFSI firms (17 per cent), flexible space operators (13 per cent), engineering & manufacturing (12 per cent) and research, consulting & analytics firms (11 per cent)," CBRE said. Bengaluru, Chennai and Delhi-NCR dominated absorption during the quarter, accounting for almost two-thirds of the transaction activity. "With the government's .

Apple alarmed at allowing third-party app stores under new EU law

The upcoming European Union (EU) digital law has alarmed Apple as the tech giant would be forced to allow users to install apps from outside the App Store.

China: Govt buying stakes in tech firms to increase its influence

The State-owned firms and regulators like China's Cyberspace Administration are obtaining the so-called 'golden shares' in private companies, especially internet/technology firms holding large amounts

Chinese govt buying stakes in tech firms to increase its influence

As part of the broader strategy of the Chinese Communist Party (CCP) to increase State ownership of private companies, the State-backed firms and regulators are obtaining stakes

FAANG tech firms hiring more, metaverse to fuel jobs this year

The FAANG companies (Facebook-Meta, Apple, Amazon, Netflix, and Google) listed over 250,000 jobs in 2021 -- a rise of around 44 per cent when compared to 2020, a new report showed on Friday.

US lawmakers approve antitrust reform bill to tame Big Tech

The Senate Judiciary Committee in the US has approved a key antitrust reform that would ban Big Tech from favouring their own services and products over those of their rivals

India climbing up the ladder of emerging tech patents, shows data

5,000 patents were filed in AI in India in the decade 2011-2020

India's technology start-ups set to continue IPO rush into 2022

Delhivery, Snapdeal, PharmEasy, OYO and Ola are among those slated to list in the bourses in the coming year

Parag Agrawal joins a long list of Indian origin execs leading tech firms

Agrawal worked with Microsoft and Yahoo! before his stint with Twitter

EU countries agree on common stance on new rules for US tech giants

However, they will have to iron out the final details with EU lawmakers, who have proposed tougher rules and higher fines

Dubai Expo 2020: Dream Sports partners with govt to showcase India's growth

The India Pavilion, one of the largest among 190 participating countries, will display the India's fight against Covid-19 and the country's emergence as a nerve centre for global business

Wall Street update: Tech mega-caps knock 1% off Nasdaq; banks lift Dow

Stocks sensitive to economy lead gains; US core capital goods orders, shipments rise in August

China vows further curbs on 'disorderly expansion' by tech firms

In recent times, China has launched a series of monopoly probes into internet companies

Tech firms promise Joe Biden billions of dollars to bolster cybersecurity

Tech giants like Apple, Google, Microsoft and Amazon have promised US President Joe Biden to help him improve cybersecurity infrastructure in the wake of several high-profile hacking cases

Tech, media, banks in HK fear end to business after Apple Daily closure

With closure of Apple Daily, businesses including tech, media and banks are in fear of the possible end of their businesses in the city as China tightens its grip on a city.

How a smart thermometer is helping fight Covid-19 pandemic in the US

The tech firm, which developed the smart thermometer, is run by an Indian-origin founder

Toshiba's chairman resists calls to resign, to bring in new directors

Toshiba is in the spotlight after an independent investigation last week alleged that management colluded with Japan's trade ministry to block foreign investors from gaining board influence