Software Financial News

23.01 / 00:47

markets COST UPS Digital Software Schools Revenue-linked financiers bet big on SaaS companies

Revenue-based financiers are increasingly seeing an opportunity in cash-flow based lending in India’s early-stage software startups segment, as equity funding gets expensive and the bar for investment gets higher. Over the past month, revenue-based financiers such as GetVantage and Velocity have set aside a dedicated corpus of Rs 250 crore and Rs 300 crore, respectively, to meet the growing demand for this kind of debt financing in the software-as-a-service (SaaS) industry.

22.01 / 12:13

Provident Digital Software Pool awards Healthcare innovations Hire Dedicated Developers in USA 2024-2025: Hire Top Software Developers in USA 2024-2025

Hire Dedicated Developers in USA that are talented, on-time and work dedicatedly for you. To ease your search, we would recommend hiring developers from Sapphire Software Solutions to work on your project. They also have a pool of dedicated developers who are well-vetted and available as per your project requirement.

22.01 / 11:49

Entertainment Software Election Research Actor voice Videos AI voice-cloning startup ElevenLabs valued at $1.1 billion

ElevenLabs, a startup that uses artificial intelligence software to replicate voices in more than two dozen languages, has raised a new round of funding that values the two-year-old company north of $1 billion. ElevenLabs said Monday that it raised $80 million in funding led by venture fund Andreessen Horowitz, with participation from Sequoia Capital, Smash Capital and SV Angel. The company has raised $101 million to date. Chief Executive Officer Mati Staniszewski said the latest financing gives his startup a $1.1 billion valuation.

21.01 / 23:09

COST Software pandemic outbreak 2020 reports Tech firms’ temp worker costs dip as demand falls

Wipro Ltd, sub-contractor expenses as a percentage of revenue in the December quarter dipped to below or near levels that prevailed before the outbreak. At TCS, HCL Technologies, and Wipro, sub-contractor expenses accounted for 6.14%, 13.12%, and 11.61% of revenue in the third quarter, falling below 7.75%, 13.4%, and 14.49% they reported in the January-March period of 2020. At Infosys, these expenses were a tad higher at 7.89% at the end of December, against 7.32% in the March quarter of FY20.

21.01 / 06:13

security Software Enterprise Continental Food Trade International week Q3 results this week: L&T Finance, Pidilite Ind, Adani Power, IIFL Securities, Zensar Technologies, Axis Bank and mo

Q3 results this week: The usual trading session for the domestic benchmark equity indices, Nifty 50 and Sensex, will resume on January 23, as the markets are closed on Monday, January 22. Investors will be watching a slew of banks' Q3 earnings throughout today's session, as well as the stock reactions of firms like KFin Technologies Ltd, L&T Finance, Pidilite Ind, REC Ltd, IIFL Securities, Zensar Technologies, Axis Bank, JSW Steel Ltd, Indian Energy Exchange Ltd, SBI Life Insurance Company Ltd, Shriram Finance Ltd, Yes Bank and more.

20.01 / 11:11

UPS Provident Software WhatsApp recommendations Persistent Systems board approves 2-for-1 stock split, declares Rs 32/share interim dividend

Persistent Systems on Saturday said that its has board approved splitting the value of shares in the ratio of 2 for 1. The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing. This is the first time the company will be splitting the shares since it got listed.

20.01 / 06:09

markets IPO Provident Software WhatsApp band Relationships delaPlex IPO price band set at ₹186-192 per share; check GMP, issue details, key dates, more

₹186 to ₹192 per equity share. delaPlex IPO will open for subscription on Wednesday, January 24, and close on Monday, January 29.

20.01 / 04:49

markets Twitter SEC CEO Software Tesla love elon Lovable Elon pulls a fast one

You have to love the temerity of Elon Musk. He took to one of his companies, X, formerly known as Twitter, to lay out his requirements to the board of another, Tesla, for the new pay package he would like to receive. His last package, in 2018, was worth $55 billion and is still subject to lawsuits by ungrateful shareholders who participated in a windfall none could have anticipated, the company’s market cap rising tenfold in six years.

19.01 / 13:09

Provident Digital Assurant Software Enterprise community innovations Top 10+ Artificial Intelligence (AI) Development Companies in India 2024

1. Hyperlink InfoSystem Hyperlink InfoSystem, a renowned AI development company, delivering simple solutions to complex business problems since 2011. Hyperlink InfoSystem team is most recognized for its custom development services, which cover everything from the creation of intelligent IoT solutions to app development.

19.01 / 11:17

Provident Booking Platform Software country Inside Features Rolls-Royce Spectre launched at ₹7.5 Cr, the most expensive electric vehicle in India: Details

₹7.5 crore ex-showroom, before additional options, the Spectre takes the crown as the most expensive four-wheeled EV available for private buyers in the country. The Spectre boasts a substantial 102kWh battery pack, offering an impressive range of 530km on the WLTP cycle. Charging the Spectre from 10-80 percent can be achieved in just 34 minutes using a 195kW charger, while a 50kW DC charger will take 95 minutes.

19.01 / 07:11

COST Provident Manufacturing Assurant Software Features Updates Ola Electric introduces MoveOS 4 update with over 100 features: Garage Mode, Maps and many others

the S1 X. While there is no specified timeframe for when S1 X owners can expect to receive this update, the electric vehicle manufacturer has assured that it will be available to them in the near future. The MoveOS 4 from Ola marks the third significant software update released by the electric two-wheeler manufacturer in the past two years.

18.01 / 15:23

markets COST Target Platform Software Enterprise innovations Cashfree targeting return to profitability by Q1FY25: CEO

Mint. “Since obtaining the PA licence, we have already onboarded over 25,000 accounts (or merchants) that were pending for the past 12 months. With expectations of 45,000 to 50,000 monthly merchant leads going forward, we are confident of a sustained growth of our platform," he added. When there were no new business/merchants coming onto its payments platform due to the regulatory ban, the once-profitable Cashfree—which claims to have about 3-4 lakh merchant base—said it invested more time developing new products and building new lines of businesses.

18.01 / 14:47

markets Software Interface innovations Features Updates Profiles Ola MoveOS4 released: Anti-theft, better map, improved charging mode and other features

Ola Electric has unveiled its latest software update, MoveOS4, featuring innovative geofencing and timefencing capabilities for enhanced user experience. This software update brings a plethora of new features and improvements to Ola's electric scooters. Anshul Khandelwal, Chief Marketing Officer at Ola Electric Technologies Private Limited, expressed excitement about the positive response received during the beta rollout and officially announced the launch of MoveOS 4.

18.01 / 11:03

Provident Analysis Software Align Courts Updates International Aadhaar no longer valid as date of birth proof for EPFO! Here’s what the new UIDAI Directive for EPFO says

The Employees’ Provident Fund Organization (EPFO), under the Ministry of Labour & Employment, Government of India, issued a significant circular (No: WSU/2024/1/UIDAI Matter/4090) on January 16, 2024. The circular announced the removal of Aadhaar from the list of acceptable documents as proof of date of birth (DoB). This decision followed a directive from the Unique Identification Authority of India (UIDAI) as detailed in Circular No. 08 of 2023.

18.01 / 10:35

Reuters Google CEO Software information reports International Google CEO tells employees to expect more job cuts this year - The Verge

(Reuters) — Google CEO Sundar Pichai told employees to expect more job cuts at the Alphabet-owned company this year, The Verge reported on Wednesday, citing an internal memo.

18.01 / 09:39

markets Provident Cooper Strategy Software Diversity prevention Financial Nasdaq Embraces AI to Spearhead Financial Crime Prevention

Nasdaq Inc. has made substantial investments in artificial intelligence (AI) technologies. As Nasdaq, which has historically been renowned as a worldwide stock exchange operator, transforms into a more diverse financial services firm, this endeavour marks a significant strategic shift for the company.

18.01 / 08:21

markets UPS security Software performer information reports HCL Tech is overcautious; will likely deliver positive surprises going ahead

HCL Technologies delivered robust Q3FY24 results, by far the best among the “Big Four" Indian information technology (IT) services companies. The company reported a 6.0% sequential revenue growth in constant currency (CC) terms, surpassing market expectations, to hit $3.4 billion. This growth was fuelled by a significant 34% quarter-on-quarter (QoQ) increase in HCL Software (Products & Platforms).

18.01 / 08:21

Google CEO Software voice information reports Videos Google layoffs 2024: CEO Sundar Pichai warns of more job cuts this year

Google cuts jobs in Google Assistant software, Devices and Services team "These role eliminations are not at the scale of last year's reductions, and will not touch every team," Pichai informed all employees in the memo, The Verge reported. Pichai mentioned, "We have ambitious goals, and will be investing in our big priorities this year." Last week, the search engine giant axed hundreds of its employees working on its Voice Assistant units, hardware teams responsible for Pixel, Nest, and Fitbit, advertising sales team, and augmented reality team. ‘Layoffs suck, but…,’ Google employee who lost his job calls it a ‘blessing’ The cuts struck both rank-and-file employees and executives.

18.01 / 08:21

markets UPS Software Trade performer reports record high Financial Oracle Financial Services stock jumps 20%, hits fresh record high as net profit rises 69% YoY in Q3

₹6,103.40 apiece in today's trade. This uptick in shares was in response to the company's strong performance in Q3 FY24. On Wednesday, the company released its Q3 FY24 earnings post market hours, reporting a 69% jump in its consolidated net profit to ₹741 crore.

18.01 / 04:11

Provident Aware Software Align guidelines Updates International Employees' Provident Fund Organization removes Aadhaar as valid date of birth proof. Here's what you can do

Employees' Provident Fund Organization (EPFO) has announced on 16 January, that the Aadhaar card will NO LONGER be an acceptable document for date of birth. The EPFO, under the Ministry of Labour and Employment in the Government of India, notified the removal of Aadhaar Card as an acceptable document for date of Birth after a directive from the Unique Identification Authority of India (UIDAI). According to UIDAI’s Directive (Circular No.

18.01 / 03:35

Google Apple Software Qualcomm performer Features Updates Samsung Galaxy S24 Ultra vs iPhone 15 Pro Max: Which is the best flagship of 2024?

S24 Ultra series at the Galaxy Unpacked event on Wednesday. The Korean smartphone manufacturer launched 3 smartphones with the same processor: Qualcomm Snapdragon 8 Gen 3 chipset for Galaxy. The For Galaxy part of the name indicates that these processors are expected to bring performance improvements over the standard Snapdragon 8 Gen 3 SoC.

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