Software Financial News

OpenAI has quietly made changes to its usage policy, removing the ban on using its technology for "weapons development" and "military and warfare". The rewritten policy page stated that changes had been made to the document to make it "clearer" and "more readable". Since then, the word "clearer" has been replaced with "added service-specific guidance".

Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15 Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, Brightcom Group, Reliance Industrial Infrastructure, Nelco, Suraj Estate Developers, Digicontent, Golkunda Diamonds & Jewellery, Emerald Finance, Excel Realty N Infra, Virtual Global Education. January 16 HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology Services, Federal Bank, Bank of Maharashtra, ICICI Securities, Himadri Speciality Chemical, Jindal Saw, Network18 Media & Investments, Newgen Software Technologies, TV18 Broadcast, C.E.

Samsung has already confirmed that its S24 series will be launched in India and global markets at the Galaxy Unpacked event scheduled for January 17. However, the rumour mill has been buzzing ahead of the much-anticipated event, with the latest reports suggesting that the Samsung S24 series could get support for up to 7 years of software updates.

Google software engineer, who has been with the company for nearly two decades, has been laid off as part of the latest round of job cuts. Earlier this week, the tech giant confirmed that it has cut several hundred jobs across hardware, core engineering and Google Assistant teams.

Amazon-owned online audiobook and podcast service Audible is laying off about 5% of its workforce

Carta was hit with a fiery lawsuit by its former chief technology officer, adding to an already chaotic month for the company. Ex-CTO Jerry Talton accused chief executive officer Henry Ward in a suit filed Friday of misusing Carta resources and called Ward “charismatic, but insecure and narcissistic,” also comparing him to Don Corleone from The Godfather.

microchip companies struggling to get consumers to replace pandemic-era laptops offered a new feature to crowds this week at CES: artificial intelligence (AI). PC and chipmakers including Advanced Micro Devices (AMD) and Intel are betting that the so-called "neural processing units" (NPUs) now found in the latest chip designs will encourage consumers to once again pay for higher-end laptops. Adding additional AI capabilities could help take market share from Apple.

BSE 250 Smallcap. According to the data available on Mint, Motilal Oswal Nifty Smallcap 250 Index, Nippon India Nifty Smallcap 250 Index Fund, and Motilal Oswal Nifty Midcap 150 Index Fund are some of the best-performing index mutual funds. These schemes have generated lucrative returns for investors in the last one and three years.

HCLTech, India's third-largest software exporter, bucked the prevailing trend of tepid growth in the $245-billion IT services industry to post better-than-expected numbers in the third quarter of the current financial year. Its net profit rose 6.2% on year to Rs 4,350 crore for the October-December 2023 period, while revenues rose 6.5% to Rs 28,446 crore. Meanwhile, Wipro — the fourth in the quartet of India's top IT firms — reported a steep 12% year-on-year fall in profits and a 4.4% dip in revenue in what is traditionally viewed as a slow quarter for the technology industry.

IT companies have reported a combined headcount drop of 50,875 at the end of the fiscal third quarter from a year earlier. Over the year, the headcount at India’s largest software services firm, TCS, dropped by 10,669. Infosys reported a 24,182 reduction, while Wipro posted a 18,510 fall. At HCLTech, the number increased by 2,486.

NEW DELHI, BENGALURU : HCL Technologies Ltd has emerged as the best performer among India’s top four IT services firms in the seasonally weak December quarter, heading into the final leg of what’s expected to be a slow financial year for the sector. Both HCL Tech and Wipro Ltd, which also reported quarterly numbers on Friday, beat market estimates, making Infosys Ltd the only one of the top four–the biggest being Tata Consultancy Services Ltd–to miss Street projections. Even so, Infosys, which announced its numbers on Thursday, as did TCS, saw the biggest single-day gain for its shares on Friday since July 2020 as its earnings turned out to be not as bad as analysts had feared.

₹4350 crore growing 6.2% year on year and 13.5 % sequentially . The revenues from operations for the IT major at ₹28446 crore also grew 6.5% year -on-year and 6.7% sequentially. The constant currency revenue growth was at 6.0% sequentially and up 4.3% year on year Also read- HCL Tech Q3 results: Board approves interim dividend of ₹12 per share. Check record date The impact of weak macros and seasonal weakness though was visible on HCL technologies deal wins during Q3 and revision of revenue guidance, nevertheless attrition levels saw significant improvement and company managed to maintain its Ebit margins despite general concerns around IT companies of an impact of wage hikes and rise in costs.

marching contingent in this year's Army Day Parade in Lucknow will be selected using artificial intelligence, a senior officer said on Friday. Briefing reporters at his office, Army Day Parade Commander Major General Salil Seth said, «Artificial Intelligence is being used for the first time to identify the best marching contingent. As you know all the marching contingents do drills and do drills correctly.» «There is a correct pattern of doing the drills — raising your hands to a certain level, raising your legs to a certain level, doing your movement with the weapon within a certain timeframe.

HCL Tech Ltd board has recommended an interim dividend payout of Rs 12/share. The dividend payout was considered and recommended along with the earnings for the December quarter. The company has fixed January 20 as the record date to determine eligible shareholders for the dividend payout. The country’s third-largest IT service provider on Friday reported a good set of numbers as the consolidated net profit rose 13.5% sequentially to Rs 4,350 crore.

HCL Tech on Friday reported that its consolidated net profit rose 6% year-on-year to Rs 4,350 crore for the quarter ended December 2023. It was Rs 4,096 crore in the year-ago period.

Benchmark NSE Nifty closed 247.35 points up at 21894.55 amid buying in frontline bluechip counters. However, stocks such as M K Proteins, Digidrive Distributo, Stampede Cap(DVR), Raj Rayon and Happy Forgings, touched their fresh 52-week lows.

Generative AI fever was expected to sweep through tech land and dominate CES, the year's premiere consumer electronics trade show in Las Vegas this week. Expect to wait another year, industry observers said.

Infosys Ltd's stock is up by over 7% on Friday after its December-quarter earnings turned out to be not as bad as was feared. Amid global demand uncertainty and seasonal weakness, information technology investors were bracing for dismal December-quarter (Q3FY24) results from IT companies. But in a partial sigh of relief, Infosys' constant currency revenue had declined sequentially by 1%, whereas the consensus estimate was for a fall of 1.5%.

BEIJING — Chinese augmented reality glasses and software company Rokid this week announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.

Infosys Ltd. with a target price of Rs 1750.

Chamath Palihapitiya announced on social media platform X, the launch of 8090, a new incubator fully funded by him, to help enterprise software startups get off the ground. «Tell us what enterprise software you use and my team and I will build you an 80% feature complete version at a 90% discount,» his post read.