Business Standard

Tech sector

Tech Mahindra Q1 FY25 results: Net profit rises 23% to Rs 851 crore

The company's revenue beat Bloomberg estimates, but missed on the net profit level

Tech Mahindra Q1 FY25 results: Net profit rises 23% to Rs 851 crore
Updated On : 25 Jul 2024 | 8:37 PM IST

India's tech sector needs 1 mn high-tech engineers as economy expands

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

India's tech sector needs 1 mn high-tech engineers as economy expands
Updated On : 11 Jul 2024 | 10:11 AM IST

Microsoft announces 3rd round of layoffs as tech sector continues to bleed

Number of job cuts in tech sector has crossed 100,000 with major companies like Google and Toshiba also handing out pink slips

Microsoft announces 3rd round of layoffs as tech sector continues to bleed
Updated On : 05 Jul 2024 | 5:38 PM IST

Budget 2024: Nasscom seeks lighter taxation environment for tech industry

Industry association wants levels for safe harbour provisions raised to enable greater participation

Budget 2024: Nasscom seeks lighter taxation environment for tech industry
Updated On : 01 Jul 2024 | 9:31 AM IST

India to clock highest growth in tech spending in 2024 in APAC: Report

Tech economy 'enjoys strong growth' due to digitisation push by central and state governments, it says

India to clock highest growth in tech spending in 2024 in APAC: Report
Updated On : 12 Jun 2024 | 12:39 PM IST

Ready to fund up to 50% of AI compute infra: Meity secy S Krishnan

In order to speed up the entire process, the idea is to partner with a variety of private institutions so that we are able to work with the private sector in making this capacity available quickly

Ready to fund up to 50% of AI compute infra: Meity secy S Krishnan
Updated On : 17 May 2024 | 10:57 PM IST

India to have 200 new GCCs by 2025; growth to help office space: JLL

GCCs are offshore centres that handle a variety of operations like tech, customer service, finance and product development, among other things to support the parent company

India to have 200 new GCCs by 2025; growth to help office space: JLL
Updated On : 14 May 2024 | 7:21 PM IST

Lam Research plans semiconductor fabrication supply chain in India

Lam Research Corporation on Wednesday announced its plans to expand its global semiconductor fabrication equipment supply chain to include India. The company said it is assessing capabilities across various supply chain segments and is exploring India-based suppliers who can collaborate to fulfil the need for precision components, custom parts, high purity gas delivery systems and other assemblies that go into cutting-edge semiconductor wafer fabrication equipment. The global semiconductor industry is expected to grow to 1 US dollar trillion in annual revenue by the end of this decade, according to experts," the NASDAQ-listed global semiconductor manufacturing equipment maker said in a statement. As demand for semiconductors increases, there is an even greater need for collaboration and global engagement of expertise, intellectual property, materials, and talent, it said, adding, Lam has been operating in India for more than 20 years, benefiting from its prime location close to ...

Lam Research plans semiconductor fabrication supply chain in India
Updated On : 08 May 2024 | 11:08 PM IST

Netweb Tech locks in 5% upper circuit after profit shoots up 181% in Q4

This came after the company delivered a strong show in its January-March quarter results of financial year 2023-24 (Q4FY24) on Wednesday

Netweb Tech locks in 5% upper circuit after profit shoots up 181% in Q4
Updated On : 02 May 2024 | 11:28 AM IST

Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024

The report focuses on investment activity across seed and pre-Series A stages, by analysing market information, along with a survey conducted with 22 leading institutional early-stage investors

Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024
Updated On : 29 Apr 2024 | 7:29 PM IST

AI inside: Tech simplifies and automates routine work for IT firms

AI can be used in a variety of functions: From HR management to sales and coding. Senior executives say companies must continuously train employees in the technology and keep them skilled

AI inside: Tech simplifies and automates routine work for IT firms
Updated On : 28 Apr 2024 | 9:44 PM IST

To fund artificial intelligence boom, technology plans plumbing upgrade

The money being thrown at technology to support artificial intelligence is also a reminder of spending patterns of the dot-com boom of the 1990s

To fund artificial intelligence boom, technology plans plumbing upgrade
Updated On : 28 Apr 2024 | 9:17 PM IST

Google carries out fresh round of layoffs in an attempt to cut costs

The layoffs come during a period of sluggish hiring across the tech sector

Google carries out fresh round of layoffs in an attempt to cut costs
Updated On : 18 Apr 2024 | 9:52 PM IST

31% of women in tech considering quitting their jobs, shows survey

Poor management, lack of training and want for better compensation are the main reasons they want to leave their organisations

31% of women in tech considering quitting their jobs, shows survey
Updated On : 10 Apr 2024 | 4:16 PM IST

Q4 Preview: TCS to lead IT pack; may see upper single digit rise in profit

Reversal of furloughs and incremental contribution from the BSNL deal and other deals will fuel the revenues

Q4 Preview: TCS to lead IT pack; may see upper single digit rise in profit
Updated On : 10 Apr 2024 | 12:59 PM IST

IPEF to organise clean economy investor forum in Singapore in June

The department has invited applications from domestic climate and tech entrepreneurs for participation in the meeting

IPEF to organise clean economy investor forum in Singapore in June
Updated On : 09 Apr 2024 | 8:46 PM IST

Metastable Materials plans to expand high-yield battery recycling capacity

Founded in October 2021, the company's current manufacturing facility, located in Bangalore, holds a capacity to extract 5 tonnes of materials per day

Metastable Materials plans to expand high-yield battery recycling capacity
Updated On : 09 Apr 2024 | 7:26 PM IST

Big Four accounting firms escalate hiring of techies amid digital focus

Areas such as AI, cloud computing, data analytics and cybersecurity see 'significant hiring'

Big Four accounting firms escalate hiring of techies amid digital focus
Updated On : 03 Apr 2024 | 5:54 PM IST

India to create 24 mn tech-savvy manpower for global markets: Foundit CEO

India is set to create 24 million tech-savvy skilled manpower for the global market in the next 3-5 years, according to Sekhar Garisa, CEO of Bengaluru-based Foundit, a job placement platform. Foundit is already working with 90 million registered jobseekers, 70 per cent, or 63 million, of whom are from Indian technology institutes, he said at the launch of the next-generation recruitment solution app in Singapore on Wednesday evening. "India remains one of our biggest sources of skilled manpower, especially the Indian technology institutes," he said. "Currently, 60 per cent of our job arrangements are in India, followed by 35 per cent in Southeast Asian countries and 5 per cent in the Middle East," he said. Over the next 3-5 years, the target is to create a database of 600 million skilled people from global talent hunt, 80 million of which will be from India, including the current 56 million or so, he estimated. Formerly known as Monster, Foundit was rebranded in 2022 with a focus

India to create 24 mn tech-savvy manpower for global markets: Foundit CEO
Updated On : 14 Mar 2024 | 1:53 PM IST

Policy stability important for semiconductor industry to flourish: Micron

Micron is investing the $825 million over the two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years

Policy stability important for semiconductor industry to flourish: Micron
Updated On : 22 Feb 2024 | 12:35 AM IST