TECHNOLOGY
Technology services firms to see over $20 billion in deal renewals in FY25
Of this, nearly 51-53 percent will be driven by the top five Indian IT firms — Tata Consultancy Services, Infosys, HCLTech, Wipro, and Tech Mahindra, according to data from UnearthInsight.
BUSINESS
The Good Glamm Group, Serena Williams enter a JV to launch Wyn Beauty in the US
The Good Glamm Group expects this new launch to bring international business accounting for 25 percent to 35 percent of its total group revenues by the end of next year, founder Darpan Sanghvi told Moneycontrol.
TECHNOLOGY
AWS cuts several hundred jobs in sales and marketing teams globally
The email was sent out to the employees by Matt Garman, SVP, Sales & Marketing at AWS, Amazon Inc’s cloud division.
TECHNOLOGY
Digital twins, chip design, AI solutions: Inside TCS' big semiconductor bet
Here’s how Tata Consultancy Services (TCS) is making the best of the booming semiconductor opportunity. Semiconductor business is expected to bring higher margins by around 200-300 bps as compared to IT services, expert said.
TECHNOLOGY
Freshworks' VP and India head Karthik Rajaram quits, joins Elastic India
Just a month ago, Freshworks' chief revenue officer Pradeep Rathinam resigned from the firm he had joined in 2020
TECHNOLOGY
Top Indian crypto exchanges see a 207% surge in trading volumes in March as Bitcoin soars
The top three exchanges, including WazirX, CoinDCX, and Zebpay, have collectively surpassed trading volumes of over $584 million in March, compared to $189.91 million at the end of February.
TECHNOLOGY
Crypto exchange KuCoin registers with FIU-IND, months after its URL was blocked
With this, KuCoin will be setting up a local India team, and collaborate with banks and partners to offer localized payments solutions.
TECHNOLOGY
Appointing Inflection AI’s Suleyman as Microsoft AI chief won’t impact OpenAI partnership, say experts
According to media reports, to hire the two co-founders and get a majority of Inflection AI’s 70-people staff, Microsoft has signed an unusual deal with the startup worth $650 million
TECHNOLOGY
Mustafa Suleyman becomes Microsoft AI’s CEO: 7 things to know about the British AI pioneer
Suleyman was the co-founder of the AI startup DeepMind which was acquired by Google, and most recently he co-founded Inflection AI.
TECHNOLOGY
Facebook Co-founder Eduardo Saverin’s B Capital raises $750 million in Opportunities Fund II
Focused on late stage startups, a majority of this new fund will be used to identify follow-on investment opportunities in existing, high-performing B Capital portfolio companies
TECHNOLOGY
Crypto ads make a comeback amid soaring Bitcoin prices
Brand strategists said that crypto exchanges are cautiously wooing customers this time around, following the backlash from the Advertising Standards Council of India in 2022.
TECHNOLOGY
At an estimated 641 mn players, gaming will be key as India aims to be an $8-trillion economy: Meta India MD
By 2025, India’s gaming ecosystem along with all its brands will be worth $7.5 billion, Sandhya Devanathan said at Meta Gaming Summit.
TECHNOLOGY
India has a good mix of Bitcoin use cases; is way more tech savvy: Block Inc's Max Guise
Jack Dorsey-led Block has officially entered India, as it starts shipping its self-custody Bitcoin wallet, Bitkey, in the country.
TECHNOLOGY
Bitcoin just surpassed its all-time high price, what’s driving this rally?
Here’s all you need to know about the Bitcoin’s recent surge, the next crypto boom, and more.
TECHNOLOGY
Why top Silicon Valley executives are investing in new AI startup Ema
The startup’s captable boasts of former Meta COO Sheryl Sandberg, Yahoo co-founder Jerry Yang among its angels, apart from a slew of institutional investors like Accel, Prosus and Wipro.
TECHNOLOGY
Tech industry struggles to find a middle ground on LLMs, ESG goals
In an effort to lower the energy cost and carbon footprint of building generative AI models, companies are actively working to find solutions and develop alternative green technologies to adhere to their Environmental, Social and Governance goals.
TECHNOLOGY
LTIMindtree to set up JV with Saudi Aramco's subsidiary Global Digital
LTIMindtree will be hold a 51 percent stake in the company and make an initial investment of $12.3 million. Global Digital will hold the remaining 49 percent stake
BUSINESS
Govt’s AI advisory regressive, clarification vague: Experts
Experts say the advisory and certain terms used in the subsequent clarification by the Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar on the matter, are ambiguous and vague.
TECHNOLOGY
Chip Wars: How Infy, HCLTech, Wipro and Tech Mahindra are walking the semiconductor talk
Top Indian and global IT services companies, like Accenture, Infosys, HCLTech, Capgemini, Wipro, and Tech Mahindra, have acquired many semiconductor design and R&D companies, and are making huge investments in the sector.
BUSINESS
Indian founders with reasonable level of profitability right now should explore IPO: Peak XV’s Rajan Anandan
Anandan also discussed about how the current 'AI' focussed startup ecosystem in the US is different from India
BUSINESS
AI will be the story for the next decade, says Info Edge CEO Hitesh Oberoi
Entrepreneurs today have to be careful because if they are not leveraging it to their benefit they could get disrupted very easily, Oberoi said.
TECHNOLOGY
Trifecta Capital looks to raise $241 million for fourth venture debt fund
Trifecta also plans to launch its second growth-stage equity fund, Trifecta Leaders Fund 2, by early 2025.
BUSINESS
IT companies say GCCs won't hit revenues, forge more tie-ups
TCS and Capgemini have facilitated the establishment of GCCs within their own premises for clients
TECHNOLOGY
GCCs are no more just staffing discussions, they are our customers: Tech Mahindra’s Jagdish Mitra
These offshore arms of multinationals are collaborating to leverage the domain expertise, services and technology portfolio of Indian IT companies that has been built over the years, said the company’s head of India business and corporate affairs.
