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In a major setback for homegrown startups, a Madras High Court division bench has dismissed the appeals they preferred against tech giant Google’s new ‘User Choice Billing’ Policy.  The Bench of Chief Justice S V Gangapurwala and Justice P D Audikesavalu, however, on Friday allowed an earlier interim protection against delisting to continue for thr

The net profit of Reliance Jio rose 12.2 per cent to ₹5,208 crore in the December quarter of 2023, from ₹4,638 crore reported in the same period last year. Revenue from operations, meanwhile, rose 10.3 per cent to ₹25,368 crore for the quarter, versus ₹22,998-crore revenue reported last year. According to Reliance, nearly 90 million […]

A two-year extension for implementation of the Digital Personal Data Protection Act, 2023(DPDPA) is required for compliance, suggests a report by think tank Esya Centre. The report titled, “An Empirical Evaluation of the Implementation Challenges of the Digital Personal Data Protection Act 2023: Insights and Recommendations for the Way Forward” not

The Indian telecom industry is expected to end 2023 with around nine per cent year-on-year (y-o-y) revenue growth, despite stable tariffs, with Bharti Airtel (Airtel) and Reliance Jio (Jio) outpacing industry growth in third quarter (Q3 results). On a y-o-y basis, Airtel and Jio’s revenues are expected to grow by 11 per cent and 10.3 […]

The London Stock Exchange Group (LSEG) has inaugurated its Technology Centre of Excellence in Hyderabad as part of its global expatnsion efforts. LSEG’s new centre currently houses 300 professionals in various roles. It supports the group’s business divisions and corporate technology, leveraging its partnership with Microsoft.  The UK-based LSEG, a

Cognizant Technology Solutions has announced that Nella Domenici resigned from the Board of Directors of the company with immediate effect to pursue an outside opportunity. Domenici did not resign on account of any disagreement with the company’s operations, policies or practices, says a statement. On February 13, Cognizant appointed Domenici to it

Foxconn, also known as Hon Hai Precision Industry, said it is partnering with India’s HCL Group to start a chip packaging and testing venture in the country. As per a filing on the Taiwanese stock exchange, Foxconn Hon Hai Technology India Mega Development, a unit of the Taiwanese contract manufacturer, will invest $37.2 million for […]

Big Tech’s “Year of Efficiency” may be over but recent layoffs at Google and Amazon have signaled the firms will keep cutting jobs in 2024 as they make big investments in generative AI. Analysts and industry experts believe the layoffs would be smaller and more targeted this year, with firms that are racing to catch […]

ONDC-enabled ride-hailing app Namma Yatri launched its services in Delhi with the aim to onboard 50,000 auto drivers over the next three months. The open and community-driven ride-booking app, which works on zero commission model, kickstarted its Delhi operations with over 10,000 auto drivers. This comes at a time when mobility has emerged as a [&h

IT services company HCL Technologies (HCLTech) has teamed up with SAP to drive innovation and accelerate the adoption of Generative AI, according to a release. With this collaboration, HCLTech will partner with SAP to develop solutions that enable businesses to get better outcomes and speed up business transformation. In partnership with SAP, HCLTe

The exports of computer software and services, including IT enabled services and BPO, logged 12.2 per cent growth during 2022-23 to touch $193 billion, according to estimates by Electronics and Computer Software Export Promotion Council (ESC). The IT software/services chunk accounted for the bulk of this at $126 billion, followed by BPO services ($

The top three Indian IT services firms – Tata Consultancy Services (TCS), Infosys and Wipro – witnessed a workforce reduction for the third consecutive quarter, with a total decline of 16,254 employees, in the third quarter. This comes as revenue growth remains marred due to macroeconomic headwinds for the significant white collar job providing sec

Mega global IT deals saw strong recovery in 2023. There were more deals with annual contract value (ACV) of $100 million in 2023 than there have been since 2014. Deals worth $6 billion were awarded in 2023 against $3.50 billion the previous year, but less than the high of $6.75 billion in 2014, according to […]

HCL Technologies (HCL Tech) reported a consolidated net profit of ₹4,351 crore in the third quarter ending December 31, a year-on-year (y-o-y) growth of 6.22 per cent, when compared to ₹4,096 crore in the corresponding period last year. Consolidated total revenue also rose 6.53 per cent y-o-y to ₹28,446 crore during the last quarter, compared [&hel

NEC Corporation India (NEC India) along with NEC Corporation has successfully completed the optical submarine cable system in southern India connecting Kochi and Lakshadweep Islands. The Kochi-Lakshadweep Islands Submarine Cable (KLI), developed under the Government of India’s ‘Digital India’ mission, was inaugurated recently by Prime Minister Nare

With global debate going against fossil fuel and debate in favour of eco-friendly energy alternatives gaining ground, hackers seem to have turned their attention to energy services and made environmental services a key target for the DDoS (Distributed Denial-of-Service) attacks. Also read: Laptops, PCs face 1 million cyber threats every day in Indi