Page 16 - Technology Industry

Enjoy hassle free accounting as DigiPe incepts India's 1st Double QR for its customers

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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

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

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

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

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.

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.

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

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

Statsguru: Six charts show India's technology sector on firm ground

India's IT companies have done well since Covid began

Sebi moots new disclosure framework for IPOs of loss-making tech companies

Sebi on Friday moots that loss-making new age tech firms planning to list their shares should make key performance indicator disclosures considered to arrive at basis of issue price in offer document.

Companies must pursue innovation, focus on becoming sustainable: Wipro CEO

Companies must put efforts to innovate and reinvent their approach while focusing on becoming more efficient, sustainable, and responsible in this decade of technology, says Thierry Delaporte.

Deepfake avatars are going mainstream

While artificial intelligence is being used to support fake information, some pioneering companies are deploying simulated videos and voices for genuine objectives

Sebi rules out SPAC policy to help listing of new-age tech companies

The regulator said there is no pressure now, as many such firms are already being traded on the domestic bourses

Fintech startup mPokket plans to hire 1,500 people in 2022

The Kolkata-based company recruited over 500 people across all functions between April and December 2021

Bik Data X's Eyeman Elaborates On How Ünga Can Accelerate Economic Empowerment For Creators

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Web 3.0: This version is new, more open, and decentralises the internet

In contrast, the Web3 world is envisioned as a decentralised internet which is permissionless and democratic

MeitY proposes national blockchain strategy for adoption across sectors

Suggesting a multi-institutional model for architecting the NBF, MeitY has said organisations must be identified along with their roles and responsibilities.

Leo Capital to launch third fund to provide financing to Indian start-ups

The proposed fund comes on the back of deploying two funds totalling $106 million

AGS Transact Tech to use Rs 600 cr of IPO proceed to retire debt

AGS Transact Technologies, which leads the online payments space at fuel stations and is among the largest players in ATM and cash management services, will use Rs 600 crore of the Rs 800-crore-fully offer-for-sale issue to retire debt. Ravi Goyal, chairman & managing director of AGS, told PTI that the company has Rs 1,100 crore mostly long term debt, and post-IPO, it will come down to around Rs 500 crore as they will pay back Rs 600 crore and the remaining Rs 200 crore will come to the company. Currently, Goyal and his family own 95 per cent of the city-based firm, and the rest is with employees through Esops. The merchant bankers are yet to arrive at a valuation, which will decide how much the promoters will dilute their stake, he said. Goyal said debt rose after he bought out private equity firms Actis and TPG in 2018, which had invested Rs 410 crore in 2012 for 42 per cent equity. In 2018, they were bought out for Rs 450 crore. The Rs 800-crore IPO consists of Goyal selling 8