Software Financial News

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Wipro may skip giving hikes to «top performers with higher compensation» in its largest business line in the upcoming round of salary revisions in December, according to an internal memo seen by Reuters. The move comes at a time when India's No.4 software services exporter is dealing with a plethora of problems ranging from weak client spending to tough competition from larger rivals.

The Globe and Mail said in its report. The thousand-dollar contract involved discussion on how Canadians’ tax dollars can be used efficiently and invested in the priorities "that matter most to them".

technology workers switching jobs have dropped by nearly half from the previous financial year as top IT exporters reduce intake amid slowing demand for tech services globally. This fiscal, software firms are offering hikes of 18-22% to those jumping jobs, while earlier, such candidates would command an increase of over 40% — even up to 100-120% — in remuneration, according to data from staffing firms accessed by ET. Revised offer structuring for many roles has seen offer ranges dropping by as high as 35% — 40% over the highs seen in FY2022. After a round of downward budget revisions across roles in FY2023, the current salary ranges in offer are well in the moderated zone with no unusual hikes in play.

By Chuck Mikolajczak

November has an unmistakable allure for the Wall Street. Since 1950, it has consistently been one of the best months of the year for the S&P 500, a distinction unchallenged since 2011.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

OSlash, which last raised $5 million from the likes of Cred founder Kunal Shah and Notion founder Akshay Kothari, on Wednesday said it will wind up operations by the end of this month. Shutting down OSlash will allow the company to return capital to investors “with dignity and humility. More importantly, we will channel lessons learned into our next adventure,” it said in a blog post, without sharing specific details.

Geopolitics, Covid-19 and mainstreaming of large language models (LLMs) have disrupted the semiconductor supply chain, said a senior semiconductor industry executive on Wednesday at the Nasscom Future Forge Conclave. “There were three key moments in the past three or four years that have brought the semiconductor ecosystem back to the forefront. First of them being geopolitics,” said Narendra Bhandrari, partner, Sea Fund, who has worked at Intel for more than two decades.

Nintendo is reporting an 18% rise in its net profit for the first fiscal half, as sales were boosted by its hit Super Mario movie

Nintendo is developing a live-action film based on its hit video game “The Legend of Zelda.”

GM's Cruise autonomous vehicle unit is recalling all 950 of its cars to update its software after one dragged a pedestrian to the side of a San Francisco street last month

Portuguese Prime Minister António Costa has resigned while his government is involved in a widespread corruption probe

Piyush Goyal on Wednesday said the government is looking at easing certain restrictions for units in the special economic zones (SEZ) to promote the sector's growth. SEZs in India are treated as foreign territories for trade and customs duties, with restrictions on duty-free domestic sales. «We are looking at ways and means to liberalise some of these restrictions on SEZ units. It's under consideration...We are discussing it with all the stakeholders and hopefully that itself will give a significant boost to the SEZ units,» Goyal said here at an industry chamber function. Regarding the industry's demand to extend benefits of the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme to SEZs, he said the ministry will go about it «cautiously». «At some point in time we will consider it once we are very confident that it will not lead to WTO non-compliance,» he added. In these zones, the largest areas of exports are petroleum products and software. Companies in SEZs are urging the government to permit them to sell their products in domestic tariff areas or domestic markets without paying the import duties that currently apply, similar to duty-free FTA imports. SEZs have emerged as an important contributor to India's exports.

Axon (AXON), a company specializing in law enforcement technology, reported better-than-expected financial results for the third quarter of the year.

Rockstar Games, a division of Take-Two Interactive Software Inc., plans to announce the next highly anticipated Grand Theft Auto game as early as this week, according to people familiar with its plans.

SS&C, a global provider of services and software for the financial services and healthcare industries, announced a new client relationship management technology last week that aims to “redefine the advisor experience.”

Investing.com — US stock futures were trading higher during Tuesday's evening deals, following a positive session for major benchmark averages as easing yields boosted sentiment, while investors digested a fresh slew of corporate earnings results.

DA Davidson upgraded shares of monday.com Ltd. (MNDY (NASDAQ:MNDY)) to Buy from Neutral, with a price target of $170 per share ahead of the company's earnings release on Monday , November 13.

Apple Inc. hit pause on development of next year’s software updates for the iPhone, iPad, Mac and other devices so that it could root out glitches in the code. The delay, announced internally to employees last week, was meant to help maintain quality control after a proliferation of bugs in early versions, according to people with knowledge of the decision. Rather than adding new features, company engineers were tasked with fixing the flaws and improving the performance of the software, said the people, who asked not to be identified because the matter is private.