Software Financial News
12.01 / 03:59
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Profiles
OpenAI CEO Sam Altman marries longtime partner Oliver Mulherin. 5 interesting things you should know about ‘Ollie’
OpenAI unveils GPT Store for custom AI-powered chatbots Pictures of Altman's wedding began circulating on social media on Thursday, showing the couple surrounded by palm trees in a ceremony apparently attended by only a dozen or so people. According to a report by The Free Press Journal, Altman and Mulherin shared the news of their union via a post on Instagram.
12.01 / 02:19
COST
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Amazon's Audible is laying off 5% of its workforce, marking another round of job cuts in tech
online audiobook and podcast service Audible is laying off about 5% of its workforce, marking the third round of job cuts at the ecommerce giant's businesses this week as the technology industry continues to shed roles in the new year. In a memo sent to employees Thursday, Audible CEO Bob Carrigan said the company is in good shape, but faces an «increasingly challenging landscape.» «We did not take this route without considerable thought,» Carrigan said. «But getting leaner and more efficient is the way we will need to operate now — and in the foreseeable future — in order to continue delivering best-in-class audio storytelling to our customers around the world.»
12.01 / 02:01
12.01 / 02:01
Software
Updates
Wipro Q3 Results Live Updates: IT major likely to see drop in revenue, EBIT margin; profit may grow 2% QoQ
₹2,688.9 crore from ₹2,646.3 crore in the September quarter.Wipro’s IT services revenue in Q3FY24 is expected to fall 2.5% to $2,645 million from $2,713 million in the previous quarter. In rupee terms, revenue is likely to fall 1.4% to ₹22,191.6 crore from ₹22,515.9 crore, QoQ, impacted by seasonal furloughs, weakness in BFSI, and Hitech verticals and weakness in consulting business.
12.01 / 02:01
security
Software
Trade
Experts
recommendations
rights
Newgen Software shares to trade ex-bonus, Skipper to trade ex-rights
Newgen Software Technologies: The company has declared a bonus issue in the ratio of 1:1 i.e. 1 new fully paid-up bonus equity share of ₹10 each for every 1 existing fully paid-up equity share of ₹10 each held by the members of the company as on the record date. The record date to ascertain the eligibility of shareholders for the bonus issue has been fixed on January 12.
11.01 / 20:51
Provident
security
Software
Justice
electronic
Department
Courts
German software giant SAP fined more than $220M to resolve US bribery allegations
German software giant SAP will pay more than $220 million in fines to resolve U.S. bribery allegations involving payments to foreign government officials
11.01 / 17:33
markets
UPS
Software
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Diversity
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play
View: What lies ahead for ITeS sector & how GoI can play its part
ITeS sector has come through a turbulent 2023 due to challenged growth, squeezed profit margins and fewer people on the payroll than in 2022. Many cite these developments as a symptom of the sector's decline and blame AI for the crisis. Depending upon which source one believes, the headcount in the sector has reduced between 5% and 10%. From a societal perspective, this is terrible news because the industry in the last three decades has:
11.01 / 12:27
Software
Enterprise
trends
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AI rises to the top of the CIO's priority list, Morgan Stanley's new survey shows
The latest survey from Morgan Stanley shows that the annual acceleration of IT budgets in 2024 is projected to be underpinned by the robust strength of secular trends, particularly in Generative AI (GenAI) and the Public Cloud.
11.01 / 06:23
Provident
Reuters
Google
Platform
Software
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reports
Google cuts hundreds of jobs in Google Assistant software, Devices and Services team. Details here
Reuters has reported. Among the affected workers are those working on the voice-based Google Assistant and at the augmented reality hardware team.
11.01 / 05:53
Provident
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Software
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reports
HCLTech Q3 Preview: Revenue to grow better than peers; company may retain FY24 guidance
The company is seen reporting a nearly 5% sequential rise in consolidated revenue to Rs 27,959.40 crore, and net profit is expected to increase by nearly 7% to Rs 4,085 crore, according to the average of estimates given by 11 brokerage firms. On a year-on-year (YoY) basis, the topline is expected to rise 4.7%, while the bottomline may drop a marginal 0.3%. In constant currency terms, analysts expect HCLTech’s revenue to grow 4.6% sequentially in the quarter gone by. The country’s third largest software service provider is scheduled to release its earnings on Friday, 12th January. The growth in the topline is likely to be led by the products and platform segment, with Nuvama Institutional Equities pegging a 20% sequential growth for this segment. The services vertical is expected to report a 2.5% sequential growth, driven by the Verizon deal and integration of the recently acquired German automotive engineering solutions provider ASAP Holding.
11.01 / 04:19
markets
Manufacturing
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Sustainability
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Tech growth woes pose risk to Dalal Street's sizzling rally
As investors await these results this week, a gauge of Indian tech shares has fallen for three straight weeks after rallying for the most part in 2023. The broader benchmark NSE Nifty 50 Index was also in the red so far this year after gaining 20% in 2023.
10.01 / 20:13
Target
Action
Software
wellness
reports
PagerDuty adds 15% on takeover rumors; RBC says M&A interest could come from large tech players
PagerDuty (NYSE:PD) shares rose more than 15% following a report from Bloomberg News that the software company is actively exploring options in response to takeover interest from private equity firms.
10.01 / 19:59
security
Software
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Justice
country
Department
Investigations
SAP to pay $222 million to settle US bribery charges
(Reuters) -SAP, the German software company, agreed to pay about $222 million to resolve two investigations into bribery schemes in seven countries, U.S. authorities said on Wednesday.
10.01 / 19:53
10.01 / 19:53
Volkswagen
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At CES, legacy automakers scramble to keep up in AI arms race
By Abhirup Roy and Joseph White
10.01 / 19:03
Action
Software
community
Justice
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Investigations
Scandals
Hundreds of UK postal workers wrongly accused of fraud will have their convictions overturned
Britain’s Prime Minister Rishi Sunak says he will introduce measures to overturn the convictions of more than 900 post office branch managers who were wrongly accused of theft or fraud because of a faulty computer system
10.01 / 13:17
UPS
Booking
Mobile
Software
Photos
performer
Features
2024
Best Scanners for 2024 in India for Effortless Document Digitisation
In this comprehensive guide, we have curated a list of the best scanners for 2024 in India which are available on Amazon and are rated heartily by their users. We have ensured great attention to detail for their exceptional features and performance so that you can bring the best to your home. Let us explore the options that we see fit for purchase.
09.01 / 20:58
Provident
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Software
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Interviews
International
Interviewing startup InCruiter raises Rs 1 crore in revenue-based financing
Interviewing solutions provider InCruiter has raised Rs 1.1 crore (about $132,351) in revenue-based funding from GetVantage. Founded in 2018, InCruiter provides services to 300 firms from a total of six offerings including interview-as-a-service, interview subscription, interviewing scheduling software, exit process automation software and candidate sourcing services.
09.01 / 20:20
UPS
Target
Manufacturing
Airlines
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reports
Midday movers: Boeing, CrowdStrike and more
(Updated — January 9, 2024 12:06 PM EST)
09.01 / 19:57
markets
FIVE
CEO
Software
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Inside
India one of our 4 global hubs, 3rd largest market: Schneider Electric CEO Peter Herweck
India has emerged as the third most important market from a local sales perspective for French automation and software company Schneider Electric that is looking to capitalise on five mega trends that is shaping global companies, the most important of which is the growing demand for its energy saving systems, said its top executive. It will be investing Rs 3200 crore ( euro 350 million) in expanding industrial footprint with 5 new greenfield factories in energy management and both automation products. “If you take the CO2 footprint that is generated today, 81 per cent of that is related to energy.
09.01 / 17:29
Twitter
CEO
Racing
Software
information
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Schools
Ex-Twitter CEO Parag Agrawal raises $30 million for his AI startup: Report
Twitter CEO Parag Agrawal has entered the artificial intelligence (AI) race, with reportedly raising $30 million for his startup. Agrawal, who was sacked by Twitter (now called X) owner Elon Musk in late 2022, raised about $30 million in funding for an AI startup, reports The Information.
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