Page 17 - Technology Industry

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

Google to launch Android 12L soon, OS suitable for bigger screens

As per GSM Arena, Android 12L will become available early next year, in time for the next wave of Android 12 tablets and foldables.

Trifecta Capital invests Rs 400 cr in 4 Indian technology companies

Trifecta Capital on Wednesday said it has invested Rs 400 crore (about USD 53 million) across four companies

Our order book has been impressive at $360 million: Mindtree MD & CEO

Debashis Chatterjee discusses the strategies that have worked and the road ahead

India second-largest technology hub for Amazon globally: India Head

India is the second-largest technology hub for Amazon globally and its teams are powering innovations not only for customers in the country but globally as well, a top company executive said.

Qentelli to hire over 500 tech professionals in India by 2021-end

Global technology company Qentelli on Thursday said it is planning to hire over 500 professionals in India by the end of this year to meet the demands of its new business wins.

Global wearable band market grew 5.6% in second quarter: Report

Apple now accounts for 31.1 per cent of the smartwatch market

IIT Guwahati researchers make breakthrough in computer memory architecture

The researchers have made fundamental contributions to memory architectures

Cloning overcomes prejudices

The development and popularisation of this technology can be a boon for the Indian livestock sector, which relies heavily on buffalo milk

Skills are the new currency across businesses: IBM India's Sandip Patel

New skill requirements continue to emerge, while other skills are becoming obsolete, says Patel