Page 7 - Tech Sector

SoftBank Vision Fund loses $7.2 billion on back of tech writedowns

The Vision Fund segment lost 1.02 trillion yen in July-September, following a 2.33 trillion yen loss in the June quarter. Overall, the Japanese conglomerate logged net income of 3.03 trn in last qtr

Germany blocks Chinese-owned firm's chip factory 85 mn euro deal

The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of a Chinese company, a decision that comes as Berlin grapples with its future approach to Beijing. The move by the Cabinet follows a recent compromise over a Chinese shipping firm's investment in a German container terminal and a visit to Beijing last week by Chancellor Olaf Scholz. The blocked sale was anticipated after German company Elmos said this week that it had been informed the sale of its chip factory in Dortmund to Silex Microsystems AB of Sweden would likely be prohibited. Silex is owned by Sai Microelectronics of China, according to German media. The planned 85 million-euro (dollar) sale was announced in December. Although the proposed deal wasn't very significant financially and the technology involved apparently wasn't new, it had raised concerns over the wisdom of putting German IT production capacity in Chinese hands. Western governments are increasingly wary about China'

All eyes on Buffett, Son India stakes as Rs 1.15-trillion lock-ups end

While high-profile tech IPOs have met with strong demand from the growing herd of retail investors, market pros have been more neutral on the stocks

Paytm, Nykaa among tech stocks under watch as lock-in period ends

Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month

Mystery of Indian-born foreign stars

Should we not be creating roles in India for the talented?

China continues to 'lie, cheat, and steal' to dominate tech: FBI Director

Calling out the Chinese government's disregard for the rule of law, fair business practices, FBI Director Christopher Wray said China continues to 'lie, cheat, and steal' in a bid for tech dominance

Wall Street extends declines on recession worries; Dow falls over 300 pts

Tech, consumer discretionary pare back gains; casino stocks jump as Macau allows tour groups after nearly 3 years

Firms should not pin down staff: MoS IT Chandrasekhar on moonlighting

He added the days when employees signed up with big tech majors and spent their lives on the job were long gone

SaaS company CleverTap Raises $105 mn in funding round led by CDPQ

It runs a cloud service that helps digital brands to increase customer retention

Over 32K tech workers fired in US, more than 11K in India till July

More than 32,000 tech workers have been laid off in the US till July, including at Big Tech companies like Microsoft and Meta (formerly Facebook)

Indian tech sector hired 200K Americans, helped US generate $103 bn in 2021

The Indian technology companies have contributed over $1.1 billion and developed partnerships with nearly 180 institutions in the US

Over 15K tech sector workers lost jobs in May globally, says report

More than 15,000 people working in the technology sector lost their job in the month of May globally, as global macro-economic factors hit companies, a report said

PimEyes: An alarmingly accurate face search engine that anyone can use

PimEyes is a paid service that finds photos of a person from across the internet, including some the person may not want exposed

Global economic instability will affect tech sector: Sundar Pichai

Alphabet and Google CEO Sundar Pichai has said that the current global macroeconomic conditions will severely affect the tech sector.

WEF 2022: 5 Indian start-ups among 100 to join Tech Pioneers community

The selected start-ups are also invited to participate in WEF 2022 workshops and events and high-level discussions during their two years in the community

Technology, energy emerge as winning sectoral bets for MF investors

Energy schemes have been the second-best performer with annualised returns of 62 per cent

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

Innovative tech creating unprecedented disruption in banking sector: Khara

Digitisation and innovative technologies are creating unprecedented disruption in the banking sector, and lenders need to be agile to meet the rising expectations of customers, State Bank of India's Chairman Dinesh Khara said on Friday. Banks have adopted the digital revolution, which has reduced their cost and widened the area of services they offer, he added. "Digital innovation is redefining industries and changing the way businesses function. Digitisation and innovative technologies are creating unprecedented disruption in the banking sector and the rate of change is accelerating," Khara said at a Dun & Bradstreet event. Today, digitisation and digital innovations have become a strategic priority for the banking industry, he noted. "Banks need to be agile and nimble as technology increases customer expectation and the regulatory landscape also evolves rapidly to keep pace with technological advancement," he said. According to Khara, there is a realisation among banks that the

Traders should handhold women startups, encourage tech adoption: Irani

Traders should handhold and encourage women startups to set up businesses to help them enter the mainstream of trade and commerce, Union Minister Smriti Irani has said.

Gaps in workplace equality, professional roles for women in tech: Report

A significant percentage of women in tech said men outnumber them at their organisations in leadership roles, according to a report.