Software Financial News

LTIMindtree Ltd. traded 0.63 per cent up in Thursday's trade at 12:12PM (IST). Around 7,803 shares changed hands on the counter. The scrip opened at Rs 4702.45 and touched an intraday high and low of Rs 4762.65 and Rs 4702.45, respectively, in the session so far. The stock of LTIMindtree Ltd. quoted a 52-week high of Rs 6442.65 and a 52-week low of Rs 4518.35.

Mint poll of four analysts, based on market researcher IDC India’s 2023 annual PC shipments data, estimated around 1.2 million tablets to have been shipped last year. This figure has remained stagnant—even as laptops saw a boost driven by the covid-19 pandemic’s work-from-home era. Why, though, did the claims not work out? Is there still time, or have tablets decidedly failed to do what they promised—take over the segment of mainstream laptops? Mint decodes.

AUSTIN-TEXAS:Chennai-based Zoho Corp. has overhauled one of its key revenue generators, its customer management software Zoho CRM, amid slowing growth in the enterprise tech company’s key US market.The updates include the integration of AI-powered customer relationship management (CRM) analytics and support for businesses to use open-source AI models.Zoho’s global growth has slowed despite it reaching an annual revenue run-rate of $1 billion in November, chief executive Sridhar Vembu told Mint on the sidelines of a company event in Austin, Texas.

For those who saw them, the demonstrations inside Apple earlier this decade of a revamped Siri offered a showcase of the amazing capabilities a powerful AI voice assistant could have. The famed assistant, one of the last projects Apple co-founder Steve Jobs worked on before his death, had been given a total overhaul. Capable of running on an iPhone and without an internet connection, the new Siri impressed people with its improved speed, conversational capabilities and the accuracy with which it understood user commands.

Stocks that traded heavily or had substantial price changes on Wednesday: Stitch Fix, CrowdStrike rise; Dollar Tree, Campbell Soup fall

German software giant SAP has agreed to buy WalkMe in an all-cash deal valued at about $1.5 billion

My son’s iPad is set to restrict him from visiting most websites. And yet I was able to use it to access the most X-rated parts of the internet. Porn, violent images, illicit drugs.

India 5th June 2024: Parul University, recognized for its commitment to educational excellence, is proud to announce the launch of its Online Master of Computer Applications (MCA) program along with other specialized online courses. These programs are carefully designed to equip students with critical skills in high-demand areas of computing and technology, ensuring alignment with industry needs and future career opportunities.According to Dr. Devanshu Patel, President of Parul University, "Our online programs are a testament to our unwavering commitment to making exceptional education accessible. By merging a forward-thinking curriculum with superior learning resources, we prepare students to thrive and lead in the competitive landscapes of their respective industries."The Online MCA program offers a robust curriculum covering key areas such as software development, database management, cybersecurity, artificial intelligence, and mobile application development.

AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through its software business, the incoming CEO said, in a diverging approach to overseas growth from some of its rivals.

General Motors has promoted two former Apple executives to run its software and services operations as it ramps up efforts to develop and market electric, autonomous and connected vehicles

A technical issue caused the temporary halt for dozens of stocks listed on the New York Stock Exchange Monday, including at least one whose price briefly fell nearly 100%

Stocks that traded heavily or had substantial price changes on Monday: Autodesk, Coherent rise; Waste Management, Hertz Global fall

robot or robotics, what’s the first thing that comes to mind? For many of us, it’s the iconic movie Robot starring Rajinikanth. One important takeaway from it was the potential impact of robots on human lives. The movie depicted a future in which robots could replace humans, and given the rapid advancements in robotics and AI, it's hard to deny that this fiction could one day be our reality.

₹66.25 crore) for the financial year ended March 2024, making him Indian IT industry's fourth-highest paid CEO.According to Infosys’ annual report for FY24, Parekh’s salary was 16% higher than $6.8 million he earned as remuneration in FY23.For homegrown Indian IT firms, Parekh's FY24 remuneration follows the likes of Wipro Ltd’s former CEO Thierry Delaporte, who earned upwards of $20.4 million for the year ended March 2024, and HCL Technologies Ltd’s C Vijayakumar, who is expected to earn $10.6 million for the said period.However, Nasdaq-listed Cognizant Technology Solutions Corp CEO Ravi Kumar Singisetti bagged the biggest salary among Indian IT bosses, taking home $22.6 million in the year ended December 2023. Cognizant follows a January-December accounting year, whereas Indian software exporters follow an April-March financial calendar.Tata Consultancy Services Ltd, India’s largest IT company, paid $3.1 million to CEO K.

Japan's leading automaker involved a range of issues, including the use of inadequate or outdated data in collision tests, incorrect testing procedures for airbag inflation and rear-seat damage in crashes, and falsification of emissions tests. The irregularities also extended to models that had already been discontinued.Despite the gravity of the situation, Toyota assured the public that the safety of vehicles already on the roads, including the popular Corolla subcompact and Lexus luxury vehicles, remained unaffected.In a press conference held in Tokyo, Toyoda bowed deeply as he expressed sincere regret for the company's actions.

Stocks that traded heavily or had substantial price changes on Friday: Gap, Zscaler rise; Veeva Systems, MongoDB fall

Toyota Chairman Akio Toyoda has apologized for massive cheating on certification tests for seven vehicle models

To drive growth, India could focus on the export of services provided by its well-educated and skilled population. Though this cohort represents a small fraction of the total population, it still numbers in the tens of millions. Such a strategy would build on India’s strengths.

Cryptocurrencies have opened a radical new chapter in finance. Built on blockchain technology, they have a decentralised, transparent spirit.

BENGALURU : HCL Technologies Ltd’s bet on software products has not yielded profitability of the kind its management expected, five years after the Noida-based company purchased eight software products from IBM. The business unit saw a 680-basis point decline in operating margins from FY20 to FY24, despite a $271-million increase in revenue in the same period.

Nvidia Corp chief executive officer Jensen Huang said the company plans to upgrade its AI accelerators every year, announcing a Blackwell Ultra chip for 2025 and a next-generation platform in development called Rubin for 2026.