Software Financial News

04.12 / 09:49
UPS Software recommendations guidelines Schools Updates Central govt employees: When will 8th Pay Commission be implemented? Check what finance ministry says
8th Pay Commission as it will help revise their basic pay, allowances, pension, and other benefits. Pankaj Chaudhary, Minister of State in the Ministry of Finance, said in response to a Rajya Sabha question that no proposal for the establishment of the 8th Central Pay Commission is presently being considered. Legislators Javed Ali Khan and Ramji Lal Suman asked whether the Centre was thinking of making an announcement about the new pay commission in the Union Budget 2025–26, which is likely to be presented on February 1, 2025. The Seventh Pay Commission revamped salary structures, allowances, and pensions, prioritising pay parity. This overhaul positively impacted both central government employees and retired pensioners
04.12 / 09:49
UPS Booking Software Justice Schools Courts UP Gangsters Act appears to be draconian, observes SC
Anti-Social Activities (Prevention) Act appeared to be «draconian». The observation by a bench of Justices B R Gavai and K V Viswanathan came while it was hearing a plea filed by a man who has challenged a May 2023 Allahabad High Court order dismissing his application seeking to set aside proceedings against him pending before a district court in Kasganj in a case registered under the Act. «This Act appears to be draconian,» the apex court observed. «We will consider it,» the bench said while admitting the appeal.
04.12 / 09:11
markets Provident Digital Strategy Software awards Department Indian govt denies Elon Musk-owned Starlink connection in satellite spectrum allocation
Elon Musk’s Starlink in India. “No Sir. The Telecommunications Act, 2023 provides for assignment of spectrum through administrative process for satellite-based services, listed in First Schedule of the Act,” Minister of state for communications and rural development Pemmasani Chandra Sekhar said in reply to a question if the decision was made to facilitate entry of Starlink into the Indian market. To a query around projected revenue loss as a result of not auctioning satellite spectrum, the Minister said spectrum assigned administratively are also chargeable and hence contribute to revenue.
04.12 / 09:11
markets Digital Strategy Software President social reports Canada called 'broken sh**hole' after Trump suggests Trudeau to make it 51st state amid tariff threat
Trump reportedly suggested to the Canadian PM that if a tariff for failing to address trade and immigration issues would kill the neighbor to the north’s economy, maybe it should become the 51st state, according to Fox News sources. Trudeau and other officials nervously laughed at Trump's joke. Trump was joking when he suggested Canada become the 51st U.S. state during a dinner with Justin Trudeau, a Canadian minister who attended their recent dinner said Tuesday.
04.12 / 09:11
markets Digital security Strategy Software awards Lattice Suzlon Group secures repeat order of 302 MW wind project from Jindal Renewables
Suzlon Group on Wednesday said the company has secured an additional wind project of 302.4 megawatt from Jindal Renewables in Karnataka. In October, Suzlon had announced securing a 400-megawatt (MW) wind power deal from Jindal Renewables Power. «Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, have expanded their partnership with an additional 302.4 MW wind power project in the Koppal region of Karnataka,» the group said in a statement. The second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest-ever commercial and industrial (C&I) order from a single customer.
04.12 / 09:11
markets Target Digital Action Strategy Software country About Rs 15 lakh cr required for adding power generation capacity in 2022-27
The projections were made during a Meeting of the Parliamentary Consultative Committee of Members of Parliament for Ministry of Power here last evening. Union Power Minister Manohar Lal chaired the meeting. As per 20th Electric Power Survey (EPS) report published by the Central Electricity Authority (CEA), the peak demand and energy requirement is pegged at around 366 GW and 2474 BU by 2031-32, it stated.
04.12 / 07:27
markets Digital Software awards Experts reports Airtel gives 4G, 5G equipment supply deals to Ericsson
Bharti Airtel, India’s second largest telco, has awarded a multi-billion deal to Swedish telecom gear maker Ericsson for extension of 4G and 5G contracts. “As per the new contract, Ericsson will deploy centralized RAN and Open RAN-ready solutions for network transformation which will help customers with wider coverage and enhanced capacity on the network. Ericsson will also undertake the software upgradation of its current deployed 4G radios thereby enhancing the customer experience,” the companies said in a joint statement Wednesday. ET had reported last month that the telco had likely finalised renewals worth $1.2 billion (about Rs 10,000 crore) with Ericsson, Nokia and Samsung and placed purchase orders for new 4G and 5G equipment.
04.12 / 06:45
UPS security Software Trade reports International China bans exports to US of gallium, germanium, antimony in response to chip sanctions
China has announced a ban on exports to the United States of gallium, germanium and other key high-tech materials with potential military applications
04.12 / 04:25
markets Digital Strategy Software Experts PAM Schools Salesforce's third-quarter revenue beats on strong cloud demand
Client spending on Salesforce's software products and data cloud has remained healthy as companies seek to streamline and enhance their corporate workflows and process large quantities of data while integrating artificial intelligence. The company's revenue for the third quarter rose 8% to $9.44 billion, beating the average analyst estimate of $9.35 billion, according to data compiled by LSEG.
04.12 / 03:47
markets Action Fighting Software Experts PAM Courts Byju’s content manager, business partner face US court sanctions
A federal judge is considering imposing millions of dollars in sanctions on Byju’s manager Vinay Ravindra and company ally Rajendran Vellapalath, who founded Dubai-based tech startup Voizzit Technology. At a court hearing Tuesday, US Bankruptcy Judge John T. Dorsey said he will issue an “order to show cause” that would force the two tech executives to justify their actions, or be declared in contempt of court and be required to pay financial penalties.
04.12 / 02:47
UPS Software performer exclusive Features Updates IQOO 13 is now available for sale! Check prices, features and discount offers
iQoo 13. This advanced smartphone from the Chinese manufacturer incorporates Qualcomm’s top-tier processor, the Snapdragon 8 Elite chipset, alongside iQoo’s exclusive supercomputing Q2 chip. It also debuts the world’s first Q10 2K 144Hz Ultra Eyecare Display, complemented by the dynamic Monster Halo feature. Here’s a detailed overview: The iQoo 13 is priced at Rs 54,999 for the 12GB+256GB configuration and Rs 59,999 (Rs 56,999 effective price) for the 16GB+512GB variant. Buyers using SBI or HDFC bank cards can avail of an instant discount of Rs 3,000, reducing the prices to Rs 51,999 and Rs 56,999, respectively. This smartphone will be offered in two sophisticated colors: Legend and Nardo Grey. Pre-orders open on December 5, 2024, at 12 PM, with sales starting on December 11, 2024, at 12 PM. It will be available via Vivo exclusive outlets, iQoo’s online store, Amazon, and other key retail locations.
04.12 / 00:29
markets IPO Analysis Software Trade Experts Sebi cancels Trafiksol IPO, orders refund of investor money
Trafiksol ITS Technologies and asked the company to refund the money to investors within one week. The company may approach the market afresh after the ongoing proceedings initiated by Sebi are concluded and subject to any directions issued, the regulator said in an order on Tuesday.
03.12 / 17:21
Software performer reports Features Sporting OnePlus 13R leaks: Snapdragon 8 Gen 3 chipset, 50MP camera and 6,000mAh battery expected
Steve H.McFly (@OnLeaks), in collaboration with 91Mobiles, the OnePlus 13R is likely to sport a 6.78-inch AMOLED display with a resolution of 1,264x2,780 pixels. The display is expected to support a 120Hz refresh rate and deliver a pixel density of 450ppi, offering a visually immersive experience similar to its predecessor.Under the hood, the OnePlus 13R is tipped to feature the Snapdragon 8 Gen 3 chipset, making it a powerful contender in the mid-range segment.
03.12 / 12:43
Provident Digital Platform Software country International TCS extends deal with Bank of Bhutan
Tata Consultancy Services (TCS), India’s largest software service provider, expanded partnership with Bank of Bhutan, the largest commercial bank of Bhutan, to modernise the bank’s digital core for enhanced customer service, the company informed the stock exchanges. The financial and other details of the deal were not disclosed. TCS said in a statement that it will implement its banking software platform TCS BaNCS to help the bank optimise operations and integrate with the various public services within the digital ecosystem of the country.
03.12 / 10:53
COST Waters Software Photography Features Updates HMD Fusion vs Samsung Galaxy A16: Check which under ₹20,000 phone offers the best value
HMD Fusion in India. It competes directly with Samsung's mid-range offering, the Samsung Galaxy A16. Both of these phones are available for under ₹20,000, and are similar in many aspects, so a comparison seems mandatory.
03.12 / 09:31
markets UPS Strategy Software Experts Indus Across campuses, startups and ecomm cos have a big appetite for engineering talent
Zomato, Flipkart, Ola, Meesho, Gameskraft, HiLabs, Roombr, Myntra, PhonePe, Quicksell, Indus Insights, Groww, WinZo, Cars24, Battery Smart and NoBroker are among these companies visiting campuses such as the National Institutes of Technology, Birla Institute of Technology & Science Pilani, Indian Institutes of Information Technology (IIITs) and Indian Institutes of Technology. The domains they are recruiting for include software development, data science, product analytics, artificial intelligence and machine learning. Campuses said not only has there been a spurt in the number of such companies visiting — in a few cases, more than double compared with last year — but several of them are also hiring in larger numbers.
03.12 / 07:55
UPS Manufacturing Action Software Matthews President Department US expands list of Chinese technology companies under export controls
The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips
03.12 / 00:03
markets UPS Provident Software Healthcare Cycling PEs seek access to majority stake in US healthcare BPO
Blackstone and Carlyle are competing to acquire a majority stake in Texas-headquartered healthcare BPO Access Healthcare, said people aware of the development. Hillhouse Investment, which narrowly missed out to EQT on a similar US-centric firm GeBBS in September, is also making a strong bid. All these firms are due to submit non-binding offers by the middle of December for a 60-70% stake in the company, valuing it at $1.4-1.5 billion. The quantum of the stake sale is expected to be decided over subsequent rounds of negotiations, said the people cited. Set up in 2012 by Anurag Jain, an Indian-origin serial entrepreneur and venture capitalist, privately held Access Healthcare has 20 global delivery centres in nine cities in India, the Philippines, and the US.
02.12 / 18:09
Provident Platform Software WhatsApp reports Updates WhatsApp to end support for older iPhones in May 2025; check the full list
popular instant messaging platform will no longer be compatible with iOS versions earlier than 15.1, according to a report from WABetaInfo.This move will affect devices that are unable to update beyond iOS 12.5.7, the last software version available for these older iPhones. Users on these models must either upgrade to a newer device or explore alternatives, as their current hardware will no longer support WhatsApp after the announced deadline.WhatsApp has given users a generous five-month notice, with the changes set to come into effect on 5 May 2025.
02.12 / 12:15
markets Career security Strategy Software students International IIT Kharagpur final placements Day 1: 750-plus offers received including PPOs; top offer of Rs 2.14 crore
IIT Kharagpur students received 750 offers, including pre-placement offers, till the end of Day 1 of Phase-I of the 2024-25 placement process, the institute said in a statement on Monday. Most of the companies have extended roles to students in software, analytics, finance, banking, consulting, and core engineering. Nine students have secured international offers and 11 students have received compensation packages exceeding Rs 1 crore in Day 1. The highest package received so far is 2.14 Cr. Apple, Capital One, DE Shaw, Glean, Google, Graviton, Microsoft, Optiver, Quantbox, Databricks, Squarepoint Capital, Ebullient Securities, Samsara and many more companies participated on Day 1. Few companies such as Capital One, Microsoft, Qualcomm, American Express, Flipkart, Meesho, Mastercard have given significantly large number of offers, the institute said.

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