Software Financial News

10.05 / 09:39

markets Google Action Software Bill Investigations play NCLAT asks Google and CCI to respond to firms challenging Play Store billing policy

Also read: Can Perplexity do to Google what Microsoft did to IBM back in the day? They approached NCLAT after the CCI rejected their pleas on 20 March, saying there were insufficient grounds for such action. However, the CCI asked its Director General (DG) – its independent investigative arm – to continue its probe into Google's Play Store policies. The CCI had launched the probe on 15 March, saying Google may have violated various parts of Competition Act, and asked the director general to complete the investigation in 60 days.

10.05 / 08:37

markets COST Digital Software Healthcare trends Cycling Best midcap IT stock: Tata Elxsi vs KPIT Technologies

companies embrace digital trends. ER&D is the process of turning ideas into tangible products, services, and processes. Now, this segment is evolving from just design and deployment to include maintenance, regular updates, and continuous data analytics.

10.05 / 00:51

markets Waves CEO Software Enterprise wellness Schools NOT Freshworks stock value drop not due to top deck rejig: Girish Mathrubootham

Freshworks founder Girish Mathrubootham attributed a recent slide in the Nasdaq-listed company’s stock price to market anxiety regarding the impact of the artificial intelligence (AI) wave, dismissing the leadership transition or acquisition announcements that the company made last week as the possible reasons. “The reaction was quite surprising for us. We did not expect it to be so drastic. We understood from investors and analysts that the whole SMB (small and medium-sized businesses) pressure in the customer service market actually got our investors thinking if Freshworks is going to be disrupted by AI,” Mathrubootham said.

09.05 / 20:47

Software information reports testing prevention Investigations Sporting Feds have 'significant safety concerns' about Ford fuel leak recall and demand answers about the fix

Federal investigators say they have “significant safety concerns” about a Ford SUV recall repair that doesn’t fix gasoline leaks that can cause engine fires

09.05 / 14:27

Provident Target Mobile Software wellness trends innovations Honda commissions new R&D facility to accelerate electrification in India

Honda R&D (India), a unit of Honda Motor Co, on Thursday said it has commissioned a new R&D centre in Bengaluru to accelerate electrification in India. Honda has set a global target of achieving carbon neutrality in all its products and corporate activities by 2050. The company is working to make a wide range of its products carbon neutral in terms of their power sources. In the motorcycle business, Honda is aiming to achieve carbon neutrality for all its motorcycle products during the 2040s, Honda R&D (India) said in a statement.

09.05 / 13:49

Software Sustainability Interface community Experts performer reports Elon Musk's Neuralink responds to ‘Brain-Implant’ malfunction, implications for FDA approval and future trials

malfunction compromised the device's functionality, requiring Neuralink to implement a series of software fixes to correct the problem. The Wall Street Journal was the first to report the incident. Neuralink mentioned that these software adjustments helped improve the device's performance, ultimately leading to "a rapid and sustained improvement that has now superseded Noland’s initial performance." Neuralink is currently focusing on enhancing text entry and cursor control for its brain-computer interface, with long-term plans to control physical devices such as robotic arms and wheelchairs.

09.05 / 09:27

markets Provident CEO Software Sustainability Omni innovations Kisanserv announces plans to open 250 new omni channel retail stores in Pune, Mumbai

Kisanserv has announced a plan to open 250 new retail stores across Pune and Mumbai over the next three years, tripling its current footprint. According to the company, it's unique selling proposition lies in offering fresh, premium-packed fruits and vegetables at prices 15–25% lower than the market average. Niranjan Sharma, Founder and CEO of Kisanserv, said in a statement, «Our mission at Kisanserv is twofold: to provide consumers with affordable, high-quality produce and to support local farmers by ensuring fair prices and direct sourcing.»

09.05 / 06:57

Provident Software AMD performer blues strain Features Lenovo monitors are built for work, creativity and gaming: Here are the top 7 options for you!

Monitor is a superb choice for both home and office use, offering excellent visual performance with its IPS panel and 99% sRGB colour coverage. This monitor supports multitasking with Lenovo Smart Artery software that allows for scenario modes and split-screen options. Additionally, the built-in speakers provide decent sound for media consumption, and AMD FreeSync technology ensures smooth visuals during use.

09.05 / 00:47

UPS CEO Software economy Enterprise reports Schools Inflation-wary Fed may put IT revival on hold

Indian outsourcing leaders will likely have to wait longer, perhaps until the start of FY26, for a revival in business as the US Federal Reserve could keep interest rates elevated in the world’s largest economy to ensure a lasting victory over politically uncomfortable inflation. High real rates could elevate hurdle rates for companies, potentially crimping growth in discretionary technology spends. “The Fed's hawkish approach is a double-edged sword. Higher interest rates could lead US clients to curtail discretionary IT spending, impacting revenue growth for Indian firms,” said Hansa Iyengar, senior lead analyst for UK-based IT research firm Omdia.

08.05 / 21:59

UPS Apple Software exclusive Updates Sporting Apple's biggest announcements from its iPad event: brighter screen, faster chips and the Pencil Pro

Apple on Tuesday unveiled its next generation of iPad Pros and Airs — lineups that will boast faster processors, new sizes and a new display system

08.05 / 13:33

markets Racing Entertainment Software Hyundai Features International To survive in China, global automakers tap local tech giants

Toyota, Hyundai, Mercedes-Benz and a host of other global automakers are increasingly turning to Chinese tech giants in a bid to claw back market share in one of the world’s largest—and fastest-changing—auto markets. In recent days, South Korea’s Hyundai Motor and Kia have unveiled plans to work with Chinese internet giant Baidu on mapping and artificial-intelligence technologies for auto-driving and vehicle software systems in China, while Nissan Motor said it would partner with Baidu on AI and Toyota has tapped gaming giant Tencent for help on AI models, cloud services and big data.

08.05 / 11:55

markets UPS Airlines Software Trade Updates Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Benchmark NSE Nifty closed 0.0 points down at 22302.5 amid in frontline bluechip counters.

08.05 / 06:33

markets Software Enterprise trends track cover reports Q4 results today: L&T, Tata Power, BSE, TVS Motor, Hero Motocorp, and Canara Bank to report Q4 earnings on May 8

Q4 results today on May 8: At least 30 companies will announce their financial results for the fourth quarter of FY24 today, Wednesday, May 8. Also Read | Q4 results: L&T, Tata Motors, SBI, TVS Motors among companies to declare earnings this week; check full list here The fourth quarter earnings season for this fiscal year kicked off in the second week of April 2024 and is still underway, with over 260 companies set to declare their Q4 results this week.

08.05 / 02:41

UPS Google JPMorgan Software wellness blues Big tech’s great AI power grab

Saudi Aramco, an oil colossus, is planning to splurge. Microsoft is likely to spend more. The comparison with the famously capex-happy energy industry is apt not just because of the sums involved.

08.05 / 01:11

UPS Progressive Software wellness reports Schools SoftBank back at deal counter with Icertis deal talks

SoftBank, one of the largest technology investors, is looking to return to the deal counter in India after largely focusing on exits from listed bets last year.

08.05 / 01:11

markets FIVE CEO Software travelers Schools Relationships A month on, Wipro CEO Srinivas Pallia has townhalls, Q&As on checklist

Srinivas Pallia completed one month as CEO of fourth largest software services firm Wipro, which has been trailing its peers on growth and profitability, he has been travelling across the globe to meet employees and stakeholders. Last week, he did a town hall in London, a geography on the other side of the Atlantic — where he has been focussed till recently as CEO of Americas 1. Pallia was elevated as CEO of Wipro, after Thierry Delaporte's sudden exit from the firm 15 months before the expiry of his term.

07.05 / 11:51

UPS Software film Nintendo President reports Nintendo to announce Switch successor in this fiscal year as profits rise

Japanese video-game maker Nintendo's announcement about a successor to its Switch home console is coming sometime before March 2025

07.05 / 11:51

Software Tesla Highways information reports Traffic Investigations US seeks information from Tesla on how it developed and verified whether Autopilot recall worked

Federal safety investigators want Tesla to tell them how it developed the fix in a recall of more than 2 million vehicles with the company’s Autopilot partially automated driving system

07.05 / 11:35

Digital security Software Election community electronic Courts Yes, releasing the EVM source code could improve our polling system’s security

This year, as with nearly every recent election, questions were raised about the functioning of electronic voting machines (EVMs). While the Supreme Court upheld their use in elections, when asked if the source code of EVM machines could be released for open source use, it tersely shut down that line of argument, pointing out that if the source code is released, it would be misused. While I have no desire to wade into the debate over whether and how electronic voting machines should be used, I do want to unpack the Supreme Court’s somewhat offhand rejection of open source.

07.05 / 11:23

Reuters Apple Software NVIDIA WSJ reports International Apple working on AI chips for data centers

Apple is developing its own chip to run artificial intelligence software in data centers, the Wall Street Journal reported on Monday, citing people familiar with the matter.

07.05 / 10:05

markets UPS FIVE Apple Software show Updates View: Apple needs to move the iPad beyond the toddler stage

iPad. I’ll spot some slick individual at a departure gate using one. Look at how neat it is, I’ll think, as I lug my laptop bag over my shoulder. It has great battery life and a built-in cellular connection, too!

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