The minister pointed out that India is now world’s third-largest startup ecosystem, with 1.9 lakh startups, and patent filings have doubled from 2014
Six brokerages cut IT earnings on the same day and Arora says that the downgrades may have been prompted by companies wanting to influence analysts in order to avoid being seen as massively undershooting consensus estimates on the day of their results.
The expected layoffs would be the latest in the US technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises
The great lay-offs taking place in tech and startup sectors are ‘illegal’, going by a government reply given in parliament
In a report by Thomson Reuters, the whole activity of mergers and acquisitions (M&A) that have taken place in the first 6 months of this year has declined by nearly 25 percent, touching the lowest level since 2009.
After a string of tech sector earnings disappointments, expectations are high that Facebook could miss the mark when it releases its second earnings report as a public company Tuesday.
Pre-slowdown IT companies were the biggest consumers of office space. But with the tech sector now shaken by global jitters - the impact is also weighing down on the commercial real estate sector. Office transactions have plummeted more than 21% in 2012 so far, reports CNBC-TV18's Priyanka Ghosh.