GLOBAL TECHNOLOGY FIRMS
SaaS looking beyond North America to openings in developing regions: Zoho executive
Zoho executive Rajesh Ganesan says SaaS firms are expanding beyond North America due to growth in digitising regions like India and Latin America. Regulatory compliance and evolving AI integration challenges shape industry trends, requiring SaaS architecture changes to accommodate AI agents and ensure data traceability.
India Inc's hiring outlook stays positive for Sept quarter
Indian companies show strong hiring intentions for the July-September quarter, ranking second globally behind the UAE, according to a ManpowerGroup survey. Despite a slight dip from last quarter, hiring outlook is driven by growth in IT, energy, utilities, and financial sectors, fueled by digital transformation and shifts in global trade.
Warren Buffett’s AI legacy: Apple and Amazon now make up a fifth of Berkshire’s $282 billion portfolio
Berkshire Hathaway, long known for its conservative investments, now has significant exposure to AI through major holdings in Apple and Amazon. While trimming its Apple stake, it remains heavily invested in the tech giant. Amazon, via AWS, represents a dynamic AI growth play, reflecting a strategic pivot in Berkshire’s portfolio.
Why India is emerging as the ideal hub for GBS and GCCs
India has evolved into a global epicenter for Global Business Services (GBS) and Global Capability Centers (GCCs), transitioning from cost-saving offshore centers to strategic innovation hubs. This shift is reshaping the global business landscape, with GCCs driving digital transformation and operational excellence for multinational corporations.
DeepDive: India’s green hydrogen journey starts at Rs 397 per kg
India's price discovery marks progress, but the jury is still out on competitiveness.
Rednote joins wave of Chinese firms releasing open-source AI models
Open sourcing allows Chinese companies to demonstrate their technological capabilities, build developer communities and spread influence globally at a time when the US has sought to stymie China's tech progress with export restrictions on advanced semiconductors. Rednote's model, called dots.llm1, is available for download on developer platform Hugging Face. A company technical paper describing it was uploaded on Friday.
- Go To Page 1
Cyril Amarchand Mangaldas appoints former Disney executive Mihir Rale as Partner, Co-Head of Digital/ TMT
Mihir Rale, former Disney and Star India General Counsel, has joined Cyril Amarchand Mangaldas as a Partner and Co-Head of the Digital | TMT practice. Based in Mumbai, he brings over two decades of expertise in technology, data, and media.
Sanlayan raises Rs186 crore from investors including Ashish Kacholia, Lashit Sanghvi and Jungle Ventures
Sanlayan Technologies, an aerospace and defence firm, secured Rs 186 crore in Series A funding. Ashish Kacholia, Lashit Sanghvi, and Jungle Ventures led the investment. The company will use the funds to enhance its defence capabilities. Sanlayan focuses on acquiring defence MSMEs and developing in-house technologies. They aim to contribute to India's national security.
Chinese hackers, user lapses turn smartphones into 'mobile security crisis'
A sophisticated cyberattack, potentially linked to Chinese hackers, targeted smartphones of individuals in government, politics, tech, and journalism, raising concerns about mobile device vulnerabilities. US authorities are increasingly focused on China's cyber espionage efforts, including attempts to access texts and calls of Americans and infiltrate telecom networks.
Reliance Infrastructure takes flight with Rs 5,000 cr bet on aircraft upgrade business
Reliance Infrastructure is significantly expanding its defence sector presence, targeting a ₹5,000 crore aircraft upgrade market over the next 7-10 years. Having successfully upgraded 55 Dornier-228 aircraft, the company aims to become a key private player in India's defence aviation, aligning with 'Atmanirbhar Bharat' and partnering with global firms like Thales for projects such as Rafale fighter jet logistics.
Why aluminium prices are rising and what to expect next
Aluminium prices are currently trading between $2,450 and $2,600 per ton, experiencing a 10-15% increase since January due to US-China tariffs and supply chain issues. China's manufacturing slowdown and environmental policies impact global supply, while demand remains stable with growth in EVs and construction.
UK-based firm, ARM embedded leases over 4 lakh sqft with Bagmane at Bangalore
ARM Holdings' India arm has leased over 4 lakh sq ft of Grade-A office space in Bengaluru for 15 years, committing nearly Rs 1,000 crore in rental payments. This significant expansion highlights the growing confidence in India's innovation ecosystem and its role in the global semiconductor industry, reflecting a long-term commitment to R&D and engineering activities.
Xiaomi’s game-changing chip stuns tech world, even China cheers while the U.S. watches nervously
Xiaomi Xring 01 chip has shaken up the tech world by matching — and even beating — top chips like Apple’s A18 Pro and Qualcomm’s Snapdragon 8 Elite. After four years of work, 2,500 engineers, and ¥13.5 billion investment, Xiaomi has officially entered the high-end processor game. The Xring 01 chip is now powering the Xiaomi 15S Pro and Pad 7 Ultra, and even the Chinese government is cheering the achievement. Built on ARM and manufactured by TSMC, this chip puts Xiaomi right in the middle of the global semiconductor race, aiming to reduce China’s dependence on foreign technology.
Gemini confidentially files for US IPO as crypto markets heat up
Gemini, run by the Winklevoss twins, has confidentially filed for a US IPO. This move comes as crypto firms see renewed market strength. Circle's recent successful debut has encouraged others. Experts say crypto firms should seize this opportunity. The IPO surge signals growing confidence in the crypto industry. This could bring more transparency and capital to the market.
Early-stage VC Inflexor eyes Q2 first close of $150-million Fund-III
Early-stage venture fund Inflexor Ventures expects to announce the first close of its $150 million (Rs 1,250 crore) Fund III by the end of the second quarter, partner Murali Krishna Gunturu told ET. Alongside its core interest areas, such as artificial intelligence (AI), the new fund will also invest in companies developing healthcare devices and advanced materials, including those used in electric vehicle (EV) batteries.
Shashi Tharoor-led delegation on anti-terror meets US Vice President JD Vance
A high-level Indian parliamentary delegation, led by Shashi Tharoor, met with U.S. Vice President JD Vance in Washington. The meeting aimed to strengthen strategic partnerships and discuss counter-terrorism efforts. Discussions covered regional security, economic collaboration, and technological ties. This visit is part of a broader international engagement to present a united front on global issues.
Wealthtech platform Syfe closes $80 million funding round, plans to expand tech team in India
Wealth management platform Syfe has raised $53 million, led by UK family offices. The total round reached $80 million, including a previous $27 million raise in August 2024. Founded by Dhruv Arora, Syfe operates in Singapore, Hong Kong, and Australia, with a tech centre in Gurugram. The funds will be used to support tech hiring.
NTT buys Mumbai land, IT park from Bollywood actor Jeetendra’s firms for Rs 855 cr
NTT Global Data Centers & Cloud Infrastructure India, a subsidiary of Japanese IT giant NTT Data, has acquired nearly 2.4 acres of land and an IT park in Mumbai’s Andheri for Rs 855 crore from actor Jeetendra Kapoor’s family firms. The site includes Balaji IT Park with over 4.9 lakh sq ft built-up area.
Nippon India Taiwan Equity Fund tops return chart with 22% in May. Can the momentum sustain?
Nippon India Taiwan Equity Fund topped equity fund returns in May with a 21.69% gain, driven by a surge in Taiwanese tech stocks. Experts highlight that while global funds may offer short-term gains, Indian markets offer better long-term prospects. Investors are advised to focus on fundamentals and risk appetite when considering international exposure.
IT’s growth search takes them to doors of mid-market firms
After a challenging year, India’s IT industry is targeting growth beyond the Fortune Global 2,000 and Fortune 5,000, focusing on an underpenetrated segment: smaller and mid-sized enterprises with annual revenues of $1-5 billion. With large clients slow to deliver revenue, the natural pivot has been towards smaller firms.
Bessemer Venture Partners hires Pankaj Mitra to lead AI, enterprise-tech bets in India
Bessemer Venture Partners has appointed Pankaj Mitra as a partner in its India team, focusing on AI, enterprise technology, and cybersecurity investments. This follows the closure of their $350 million India-focused fund. Mitra's experience includes roles at Cisco and Infosys, where he led investments and M&A activities. He aims to support the next wave of tech evolution across industries.
India’s top IT services exporters buck the trend to land multi-year contracts
IT services companies Tata Consultancy Services (TCS), Wipro and Tech Mahindra entered multi-year deal announcements despite slowing demand and organic revenue growth. The deal announcements include streamlining IT operations through AI and next-generation technologies.
A new era of trade warfare has begun for the US and China
The U.S.-China trade conflict escalates into a supply chain battle, with both nations restricting critical technologies and minerals.
Stocks in news: Tata Technologies, Ola Electric, Nestle, HDFC Bank, Wipro
Markets experienced a slight downturn amid volatility, influenced by weak cues. Tata Technologies saw TPG likely selling a stake via block deal, while Ola Electric witnessed Citigroup acquiring shares. Nestle's permanent employee count decreased despite increased capital expenditure, and Wipro secured a multiyear deal to drive growth through AI-powered tech services.
Education financing startup GyanDhan raises Rs 50 crore from edtech firm Classplus, VC fund Pravega Ventures
The funds will be used to scale operations, strengthen its consultant partnership network, expand the team, and invest in technology. New Delhi-based GyanDhan has so far extended loans worth over Rs 7,000 crore to Indian students studying in India and abroad.
WeWork leases over 60,000 sq ft of managed office space to Samsung India Electronics
Samsung India has expanded its Chennai operations. The company leased 1,000 desks at WeWork's Olympia Cyberspace. The 42-month lease covers 61,230 square feet. This doubles Samsung's Chennai footprint. The move highlights Chennai's rise as a tech hub. WeWork's facility accommodates over 3000 desks. It provides a modern workspace for businesses. Several global brands are already tenants.
Nielsen transforms India arm from GCC to Global Innovation Centre
Nielsen strengthens its India presence, transforming into a Global Innovation Centre. This shift emphasizes technology and product development. The company plans to hire 1,000 more employees in India in 2025. India's diverse environment aids in product testing for global markets. Nielsen focuses on AI, predictive analytics, and media planning tools.
Simplilearn appoints Jitendra Kumar as CTO to lead AI-first strategy
Simplilearn has appointed Jitendra Kumar as its CTO to lead the company's AI-first transformation. Kumar, who previously worked at Simplilearn, will focus on embedding AI technologies to personalize learning and scale global impact. His experience includes co-founding HappyCredit and building ReelOn, an AI-powered video content creation platform.
AI, transformation-led deals likely to fuel IT M&As: Experts
Since the beginning of 2024, Infosys—India’s second largest IT major— has made four acquisitions in engineering R&D and semiconductor design services space, including two announced in April in cybersecurity and energy consulting areas. Its smaller rivals HCLTech and Wipro acquired two firms each while LTIMindtree purchased Voicing.AI in December. These came after a lull of almost no acquisitions in 2023.
Load More
