Apple's bid to settle the four-year investigation would help it dodge a finding of wrongdoing and stave off a potential hefty fine that could be as much as 10% of its global annual turnover.
IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year qu...
As space launches face more failures, communication issues, and debris threats, space insurance has become a recognised high-risk market. With India's growing space industry, the need for financi...
India's IT services industry - a $254 billion powerhouse - has been feeling the heat of global macroeconomic uncertainties and geopolitical flareups as clients turned cautious with IT spends.
The new facility, spanning 25,000 square feet in Hebbal, Bengaluru, serves as a satellite assembly, integration and testing (AIT) facility. The Bengaluru-based startup is currently planning to la...
IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year qu...
China will support overseas institutions to issue yuan bonds in the country, and also encourage tech companies, including foreign-invested ones, to raise money via bond issuance, the commerce min...
SoftBank-backed Ola is India's answer to Uber and plans to file papers for approval with the country's market regulator within three months, said the sources, who declined to be named as the matt...
"People that visit a government's page need to be able to trust that their personal and sensitive data is in safe hands," AP chairman Aleid Wolfsen said in a statement.
IT services major Wipro saw an 8% fall in its consolidated net profit in the March quarter. This and more in today’s ETtech Top 5.
The funding was a mix of equity and debt from existing investors. Ecozen has grown fivefold over the past two years, with a 3x increase in profit, the company said. The maker of solar powered col...
Sachin Dev Duggal's Builder.ai's ‘Natasha’ sounds like a game-changer in the realm of AI-powered product management tools. Its ability to leverage previous customer interactions to predict fu...
IT services company Wipro on Friday reported an 8% year-on-year (YoY) fall in consolidated net profit to Rs 2,835 crore for the quarter ended March 2024. It was Rs 3,074 crore in the last year qu...
Fintech firm Cred, supported by Peak XV, secures RBI's approval for PA business. Post final nod, it'll expand merchant payments, focusing on credit card bills. Cred collaborates with payment comp...
Bitcoin's halving reduces new bitcoin creation, maintaining scarcity. Analysts predict price falls post-halving due to reduced mining profitability. Market narratives attribute price surges to va...
Meta Platforms introduces advanced AI systems, including the Llama 3 model. Despite limitations, the company aims to develop smarter chatbots and envisions AI as the most useful assistant in the ...
OpenAI's Pragya Misra will lead Indian government relations amidst Google competition. Altman advocates AI integration in services, emphasizing the need for regulations to prevent harm from advan...
Northrop Grumman and SpaceX, led by Elon Musk, work on a spy satellite project enhancing US intelligence with high-res Earth imagery, involving commercial internet satellites, optical tech, and r...
Aurionpro Solutions acquires Arya.ai for $16.5 million, gaining a 67% stake. The deal enhances Aurionpro's business offerings with AI capabilities and allows for geographical expansion into the U...
Intel appointed Santhosh Viswanathan as MD of India region. He brings 21 years of experience to lead Intel's new India region. Hans Chuang named GM of SMG Asia Pacific and Japan, focusing on reve...
Netflix halts quarterly subscriber reporting, signals growth slowdown. Stock falls on missed revenue forecast. Global total hits 269.6M. Ad-supported streaming attracts 9.3M. Focus on major miles...
WSJ reviews UK privacy regulator's critique of Google's Privacy Sandbox. Google plans to phase out third-party cookies by late 2024, under CMA scrutiny. Devika Nair, Nilutpal Timsina, Sonia Cheem...
Google and Microsoft make strategic moves in AI development. Google faces criticism for Gemini AI inaccuracies, while Microsoft hires DeepMind co-founder. Both companies plan significant AI advan...
Apple removed Meta's WhatsApp and Threads in China following a government order, citing national security concerns. Despite disagreement, Apple complied with the law. The apps are still accessibl...
Lawmakers are tackling AI bias challenges with impact assessments, supported by industry groups like TechNet. Concerns exist over companies self-reporting discrimination risks, highlighting the n...
Netflix topped earnings expectations Thursday, reporting that profit and subscriber ranks grew as its heavy bet on a rich content line-up paid off amid a crackdown on password sharing. "This sign...
Happy Friday! Ecommerce major Flipkart held talks with Zepto for a potential deal. More on that in today’s ETtech Morning Dispatch.
Abhishek Ganguly, the former Puma India head who cofounded Agilitas, told ET that the company will handle the manufacturing and sale of Lotto products in India and across South Asia.
The strategic sale discussions are unlikely to be revived. Quick commerce company Zepto is now in discussions for fresh funding at a likely $2.5 billion valuation. It has held talks with the like...
Cloud infrastructure provider Tata Communications MD and CEO AS Lakshminarayanan told ET the Tatas will partake in the Centre's AI Mission to offer AI services to startups and researchers.
Revenue guidance for FY25, a key monitorable for investors, remained conspicuously circumspect, although India’s outsourcing bellwether announced its biggest M&A deal in history, committing nea...
The models will be integrated into virtual assistant Meta AI, which the company is pitching as the most sophisticated of its free-to-use peers.
Infosys said in a statement that this investment will help strengthen Infosys’ engineering R&D capabilities and will help global clients to navigate their digital engineering journey.
The first one was opened in Mumbai in 2022 where the company has demonstrated accelerators built with partners, hyperscalers and original equipment manufacturers like Oracle, Microsoft, Google, S...
The report stated that despite a funding slowdown and economic uncertainty, India’s tech startup ecosystem secured the fourth-highest funding globally.
The award, which is not yet finalised, will fund chipmaking facilities in New York and Idaho from the CHIPS & Science law, the senator said in a statement.
The new fund is called Caret Capital Fund II and it will back pre-Series A startups across three sectors - mobility, distribution, and employment.
India’s second-largest IT company Infosys posted upbeat results for the fourth quarter. More numbers in today’s ETtech Top 5.
Slack AI uses a client company’s conversational data to help end users or employees pick up faster on processes and communications with system-generated summaries and new search abilities.
The move signals another shift for the AI startup after Mostaque's departure as chief executive and member of the company's board, in the face of stiff competition from firms like ChatGPT-maker O...
Infosys on Thursday posted a 30% YoY growth in its consolidated net profit at Rs 7,969 crore for the quarter ended March 2024. The same was at Rs 6,128 crore in the same quarter of last year.
Revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% from Rs 37,441 crore clocked in the previous year's quarter.
The Good Glam Group said it is working with a new organisational framework to rejig its operations, which led to the layoffs over the past 15 months. As a part of this restructuring, the Mumbai-b...
Pakistan banned X for security reasons. Twitter, owned by Elon Musk, remains suspended. Concerns of rigging in the February 8 elections led to the ban. The government and courts are involved in a...
Swiggy merges Mall with Instamart, following Zepto's non-grocery sales success. Quick commerce attracts smaller D2C firms due to robust growth in non-grocery categories.
Uniqus Consultech raised $10M Series B funding, expanding to 8 cities with 350 professionals. Funding to enhance services, enter new markets, and invest in technology. ESG market growth drives fi...
Veera, India's browser, achieves 1 million users in a year with tailored content and ad blocking. Founder Arjun Ghose drives continuous innovation and user experience enhancement to revolutionize...
Apple invests $250 million in expanding Singapore operations, reinforcing community ties. Tim Cook recalls 1981 start with 3,600 employees. Meetings with Lawrence Wong and Lee Hsien Loong during ...
TSMC's Q1 net profit surpasses forecasts, driven by AI chip demand. Revenue exceeds expectations, stock hits record high. Capital expenditure increases. ASML reports robust sales despite U.S.-led...
Cadence's new systems revolutionize chip design for tech giants like Nvidia. Emulation speeds up software development for billion-transistor chips. CEO Devgan emphasizes the critical role of Pall...