Infosys to acquire chip designer InSemi for Rs280 crore
13 Jan 2024
IT services major Infosys on Thursday announced a definitive agreement to acquire InSemi, a leading semiconductor design and embedded services provider for Rs280 crore.
TCS Q3 net profit up 8.2% at Rs11,735 cr; revenue at Rs60,583 cr
11 Jan 2024
Tata Consultancy Services (TCS) has reported a net profit of Rs11,735 crore for fiscal third quarter ended 31 December 2023, an 8.2 per cent increase year-on-year, on the back of rising demand for cloud-led services.
Google to pay $700 million to Play Store users, relax app rules for 7 years
20 Dec 2023
Google has agreed to pay $700 million to users of its Play Store, following a judge’s decision in September that the tech giant is exerting illegal monopoly on Android with its Play Store and the restrictions on users.
IBM to acquire Software AG’s StreamSets and webMethods platforms for €2.13 bn
20 Dec 2023
IBM on Monday announced the signing of a definitive agreement to acquire StreamSets and webMethods technology platforms from Software AG, for €2.13 billion in cash.
Epic Games wins antitrust case against Google’s Play app store
14 Dec 2023
The verdict by a Federal court in California comes as further proof of Google’s monopolistic use of its Android platform
Sam Altman plans new AI venture as Mira Murati replaces him as CEO of OpenAI
18 Nov 2023
A day after Sam Altman was ousted as chief executive officer (CEO) of artificial intelligence technology start-up OpenAI, he is reported to have discussed a possible comeback amidst moves to start a new AI project.
How will the new rule changes by the European Commission affect the tech giants?
07 Sep 2023
On Wednesday, 6 September 2023, the European Commission unveiled a list of service providers that meet the criteria for inclusion within the scope
G20 leaders’ summit buzz: Biden may question laptop import restrictions
04 Sep 2023
While visiting New Delhi to participate in the upcoming G20 Leaders’ Summit this week, US President Joe Biden is expected to engage in discussions with Prime Minister Narendra Modi regarding India’s import restrictions on items such as laptops and other electronic products, according to individuals familiar with the matter.
Indian national arrested in US for tech fraud
01 Sep 2023
In New Jersey, USA, an individual of Indian American descent has been apprehended for involvement in a technical support scam that victimized over 7,000 individuals, resulting in a total fraud amount exceeding $13 million. This was revealed by a US attorney on Thursday, 31 August.
Google launches AI-powered search in India
01 Sep 2023
During the introduction of the new Bing, Microsoft CEO Satya Nadella referred to Google as the '800-pound gorilla' of the online search space.
President Biden issues order restricting technology investments in China
10 Aug 2023
On 9 August 2023, US President Joe Biden signed an executive order that enforces restrictions on certain new American investments in China, specifically targeting sensitive technologies such as computer chips. The order also mandates government notification for investments in other technology sectors in China.
Infosys launches free AI training and certification programme
01 Jul 2023
Information technology major Infosys has launched 'Citizens Data Science', a free AI training and certification programme
TCS Q4 net rises 15% to Rs11,392 crore
13 Apr 2023
TCS also reported a change of guard with interim CEO K Krithivsan taking over charge three months ahead of the planned departure of the current CEO at end-September 2023
IIT Madras develops mobile operating system BharOS
30 Jan 2023
BharOS, that can rival Android and iOS, is meant for privacy and security and has no default apps, which means that it won’t require people to use any pre-installed apps
Infosys Q3 net profit up 13.4% at Rs6,586 cr
16 Jan 2023
For the full fiscal Infosys raised revenue guidance to 16-16.5 per cent against the previously projected 15-16 per cent increase while retaining FY23 operating margin guidance at 21-22 per cent
Musk fires almost all Twitter staff in India in global downsizing
07 Nov 2022
The US-based microblogging platform on Friday fired nearly 180 of its 230-odd employees in India, reports citing employee and other sources said
CCI slaps Rs1,338-cr fine on Google for Android manipulations
01 Nov 2022
While imposing the Rs1,338 crore fine, CCI has put forward ten measures for Google, including that Android device makers shouldn’t be forced to pre-install its services and that Google shall not restrict users from uninstalling of its pre-installed apps
TCS Q2 net profit crosses the Rs10,000-cr mark
13 Oct 2022
TCS's order book stood at $8.1 billion at the end of September 2022 on the back of continued strong demand for its services while a high employee attrition rate of 21.5 per cent remained a sore point
Adobe to acquire Figma in $20bn cash-and-stock deal
15 Sep 2022
Adobe expects the combination to accelerate the delivery of its Creative Cloud technologies on the web, making the creative process more productive and accessible to more people
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation