Page 16 - Technology Industry
Rupee at 80 to the dollar: IT services and tech industry to get a leg up
As the rupee touches 80 to the dollar, the extent of gains for Indian companies may differ basis their exposure to non-US regions and the performance of their currencies
 "Rupee at 80 to the dollar: IT services and tech industry to get a leg up")
Cryptocurrencies are a 'clear danger': RBI governor Shaktikanta Das
Indian fintech industry value projected to hit $150 bn by 2025
 "Cryptocurrencies are a 'clear danger': RBI governor Shaktikanta Das")
Global smartphone sales fall below 100 mn units for 2nd time in 10 yrs
The global smartphone sales declined to 96 million units in May, only the second time in the last 10 years that it fell below the 100-million mark, a new report showed on Thursday.
 "Global smartphone sales fall below 100 mn units for 2nd time in 10 yrs")
Samsung launches Smart Monitor M8 32-inch in India at Rs 59,999: Know more
The Samsung Smart Monitor M8 will be available in sunset pink and spring green colours from June 15 on Samsung's official online store, Samsung Shop, Amazon and select retail stores
 "Samsung launches Smart Monitor M8 32-inch in India at Rs 59,999: Know more")
Amazon blocked 4 bn bad listings in 2021: Director-global brand relations
Amazon's automated technology scanned over 8 billion attempted changes to product detail pages daily for signs of potential abuse, compared to more than 5 billion in 2020
 "Amazon blocked 4 bn bad listings in 2021: Director-global brand relations")
Tech industry comfortable with hybrid work model: Nasscom-BCG report
Over 80 percent of the IT companies and GCCs are most likely to adopt a hybrid work model as compared to the rest of the industry segments
 "Tech industry comfortable with hybrid work model: Nasscom-BCG report")
WhatsApp India, GoI join hands to leverage Chatbot for non-Covid use-cases
These collaborations happen despite several run ins between the two on regulatory issues
 "WhatsApp India, GoI join hands to leverage Chatbot for non-Covid use-cases")
 "Finlaw Becomes The First Legal Consultancy Firm In India To Have Its Presence In Metaverse")
Design operations platform Cubyts gets seed funding of $1.8 million
Cubyts' key offerings include deploying team-wide design processes and enable teams to confidently run design projects
 "Design operations platform Cubyts gets seed funding of $1.8 million")
Mohalla Tech's valuation may cross $5 billion after raising $300 million
The parent company behind short-video platform Moj and regional social network ShareChat, is in the process of raising about $300 million in fresh funding from Alphabet Inc's Google and Singapore's Te
 "Mohalla Tech's valuation may cross $5 billion after raising $300 million")
WEF 2022: How data and tech are driving change in predicting future
The advent of technology and the resulting change in our ability to foresee potential future events has coincided with an exponential increase in the range and variety of possible outcomes.
 "WEF 2022: How data and tech are driving change in predicting future")
 "Enjoy hassle free accounting as DigiPe incepts India's 1st Double QR for its customers")
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
 "WEF 2022: 5 Indian start-ups among 100 to join Tech Pioneers community")
Local language tech platform VerSe Innovation's valuation crosses $5 bn
The investment will be focused on strengthening the company's leadership position in the country. VerSe plans to both deepen and broaden its AI and ML (machine learning) and data science capabilities
 "Local language tech platform VerSe Innovation's valuation crosses $5 bn")
Giving back: Techpreneurs reshape philanthropy, one donation at a time
UHNI is classified as those with a networth of over Rs 1,000 crore, making donations of over Rs 5 crore
 "Giving back: Techpreneurs reshape philanthropy, one donation at a time")
660 technologies developed under cyber scheme against target of 6,824: Govt
As many as 660 technologies against the target of 6,824 technologies have been developed under the National Mission on Interdisciplinary Cyber-Physical Systems
 "660 technologies developed under cyber scheme against target of 6,824: Govt")
Not just energy and markets, Russia's war on Ukraine disrupts tech industry
The Russian invasion of Ukraine has already had an impact on the energy and commodities markets. And there's another major industry that will take a hit: tech.
 "Not just energy and markets, Russia's war on Ukraine disrupts tech industry")
PM Modi says self-reliance in technology will create jobs in country
PM Narendra Modi on Wednesday made a strong pitch for self-reliance in technology-related sectors, which play a key role in last-mile delivery of services and have immense potential for job creation.
 "PM Modi says self-reliance in technology will create jobs in country")
Tech cos going public, ESG key challenges to capital markets: Sebi chief
Sebi chief Ajay Tyagi on Thursday said the increasing trend of new age technology companies, which are generally loss making, accessing public market is a key challenge to the capital markets
 "Tech cos going public, ESG key challenges to capital markets: Sebi chief")
Punishing Putin: How Biden could cut Russia off from world tech
US suppliers would also have to obtain licenses for certain Russia-bound items that do not currently require them, such as civil aircraft parts
 "Punishing Putin: How Biden could cut Russia off from world tech")