Page 19 - Technology Industry
Indian tech services can touch revenues of $300-350 bn in next 5 years
According to a report by McKinsey & Company for Nasscom titled 'Future of Technology Services-Winning in this decade', tech spending is only going to be intensified in the next decade
 "Indian tech services can touch revenues of $300-350 bn in next 5 years")
Paytm bets big on IoT-driven devices to ease acceptance of payments
Voice-activated point-of-sale machines that work on a SIM card are a hit among small shopkeepers
 "Paytm bets big on IoT-driven devices to ease acceptance of payments")
Government to constitute empowered committee for high-tech manufacturing
The Cabinet Secretariat said the government has decided to constitute "an empowered committee for manufacturing in high technology areas" in order to facilitate investments and promote manufacturing
 "Government to constitute empowered committee for high-tech manufacturing")
PE/VC investments gather pace in February: Here're the top 5 deals
The top 10 investments accounted for 69 per cent of the total deal value, according to Aurum Equity Partners
 "PE/VC investments gather pace in February: Here're the top 5 deals")
Data privacy: Tension between big technology firms and govt boils over
Experts expect more regulatory action in India against these firms, and say this could have an impact on other parts of the world as well
 "Data privacy: Tension between big technology firms and govt boils over")
Karnataka govt, Nasscom launch ER&D policy to foster innovation in state
50% rent reimbursement, recruitment assistance and investmengt subsidy on anvil for MNCs looking to establish new R&D facilities or expand existing ones
 "Karnataka govt, Nasscom launch ER&D policy to foster innovation in state")
Flex to Inventec, foreign players see potential in PLI for tech products
Lenovo India has said it would like to increase its laptop-making capacity by 10x at its Puducherry plant and also manufacture tablets
 "Flex to Inventec, foreign players see potential in PLI for tech products")
Budget funds digital governance
The use of a digital platform for the Census will allow official agencies to interpret vast amounts of information using data analytics. Such data will be able to feed other government programme
China regulators to push tech giants to share consumer credit data: Report
The latest regulatory attempt would likely dampen the scale and profitability of tech majors' credit businesses
 "China regulators to push tech giants to share consumer credit data: Report")
Cognizant India net profit declines 11.4% to Rs 5,455 crore in FY20
Net profit declined 11.4 per cent to Rs 5,455 crore in FY20 from Rs 6,160 crore in FY19
 "Cognizant India net profit declines 11.4% to Rs 5,455 crore in FY20")
With Alibaba investigation, China gets tougher on technology firms
China has produced its own crop of powerful internet titans, and they have been celebrated as icons of the nation's technological advancement.
 "With Alibaba investigation, China gets tougher on technology firms")
India networking market declines 16.4% in third quarter: IDC report
India's networking market which includes ethernet switch, routers, and WLAN segments witnessed a 16.4 per cent year-over-year (YoY) decline in the third quarter of this year
 "India networking market declines 16.4% in third quarter: IDC report")
Microsoft, Google, Dell join FB in legal battle against hacking company NSO
Tech giants including Microsoft and Google on joined Facebook's legal battle against hacking company NSO, filing a brief that warned that the Israeli firm's tools were "powerful, and dangerous"
 "Microsoft, Google, Dell join FB in legal battle against hacking company NSO")
Gig economy takes centre stage as tech boosts opportunities for workers
According to a Nasscom report, it will emerge a pioneer in this new workforce model over the next 2-5 years
 "Gig economy takes centre stage as tech boosts opportunities for workers")
Dell most trusted brand for 2nd straight year, iPhone at 4th slot: Report
A consumer poll has ranked American computer brand Dell as the most trusted brand in the country for the second year in a row, with Mi Mobiles occupying the second slot.
 "Dell most trusted brand for 2nd straight year, iPhone at 4th slot: Report")
Google Cloud rolls out database migration service for enterprises
Google Cloud has announced that its server-less Database Migration Service is available in Preview, that will make it easy for enterprise customers to move production databases to the cloud
 "Google Cloud rolls out database migration service for enterprises")
Apple TV, other streaming apps arriving on new Xbox consoles on November 10
Microsoft has announced that Apple TV is coming to Xbox One and Xbox Series X and Xbox Series S gaming consoles on November 10
 "Apple TV, other streaming apps arriving on new Xbox consoles on November 10")
'Who the hell are you?', US lawmakers scold Twitter, Facebook, Google CEOs
"Sham!" and "who the hell are you" scoldings dominated a Senate hearing where the CEOs of Twitter, Facebook, and Google took heat in a talking match with US lawmakers over the idea of free speech
 "'Who the hell are you?', US lawmakers scold Twitter, Facebook, Google CEOs")
Over 6,600 H-1B visas approved for 14 Indian tech firms in 2019-20: Dhotre
These form 7.9 per cent of the total 85,000 H-1B visas approved for cap and cap-exempt initial employment, he said in a written reply to the Lok Sabha
 "Over 6,600 H-1B visas approved for 14 Indian tech firms in 2019-20: Dhotre")
With $500 mn funding led by Silver Lake, Byju's valuation crosses $10.8 bn
Byju's is rapidly narrowing the gap to become the most valuable startup in the country after digital payments firm Paytm, which is valued at around $16 billion
 "With $500 mn funding led by Silver Lake, Byju's valuation crosses $10.8 bn")