Software Financial News

21.07 / 03:15

Lowe's NYSE Gap Software country Why Infosys shares may have a weak opening in stock market today — explained

Infosys shares may have a gap down opening in stock market's opening bell today. According to stock market experts, in Q1FY24 results, Infosys has cut down its revenue growth guidance to 1 per cent to 3.50 per cent.

21.07 / 02:49

Digital Waters Software Parke track country electronic Moon As Chandrayaan-3 braces to land on moon, here's why Pakistan lagged behind

Chandrayaan-3' — India's moon mission is paving its way through the space towards Moon, neighbouring country Pakistan is still struggling with a dwindling economy, the huge pile of debt and religious extremism-fuelled politics. Qaisar Rashid in his piece in the Daily Times said that while India ticked one after the other boxes right from ISRO, focusing on IT to opting for a modern education system, Pakistan kept on struggling with its internal conflicts and orthodox education system.

21.07 / 01:11

Reuters Software Enterprise TikTok show Chinese autonomous vehicle tech raises concerns, US transportation chief says

WASHINGTON (Reuters) — U.S. Transportation Secretary Pete Buttigieg said on Thursday his agency has national security concerns about Chinese autonomous vehicle companies in the American market after some lawmakers called for restrictions on their operations.

21.07 / 00:57

COST FIVE NYSE Action Software TCS performer Infosys PAT rises 11% but misses estimates; sales outlook halved

Infosys posted a nearly 11% increase in first-quarter net profit, but missed analyst estimates and slashed its revenue growth outlook for the fiscal year, blaming spending cuts and delays in decision-making by clients, especially in the key financial services domain. India’s second-largest software exporter projected its revenue in fiscal 2024 to grow 1.0-3.5% in constant currency, or excluding exchange rate fluctuations, compared with the previous estimate of 4.0-7.0%, underlining the global macro challenges for the country’s storied sector which is seeing tepid demand for outsourcing services.

21.07 / 00:57

Provident Manufacturing Software SAP Enterprise MSCI Global tech stocks surge as US rally triggers a rush for winners

stock euphoria is spilling over to the rest of the world. Beaten-down shares of tech companies — from software and IT services providers to hardware manufacturers to ecommerce plays — are making a comeback across the word, as the headline-grabbing Wall Street rally in the US prompts a relook elsewhere. The MSCI Japan IT index has surged 36% so far this year, while the MSCI Taiwan and Europe IT indices have rallied 30% and 25%, respectively.

20.07 / 21:17

Reuters Cooper Microsoft Software performer Exclusive-Microsoft hit with EU antitrust complaint by German rival

By Foo Yun Chee

20.07 / 18:11

Twitter Digital CEO Platform Software Investment Blockchain Capital Crypto Firm RISC Zero Secures $40M Funding Round Led by Blockchain Capital

RISC Zero, a startup that builds zero-knowledge (ZK) proof software, has raised $40 million in a Series A funding round led by the major crypto-focused investor Blockchain Capital.

20.07 / 17:25

UPS BLOCK Citizens Mobile Software Intuit electronic IRS steps toward a new free-file tax return system have both supporters and critics mobilizing

Plans by the IRS to test a new electronic free-file tax return system next year have got supporters and critics of the idea mobilizing over whether the government should set up a permanent program to help people file their taxes without needing to pay ...

20.07 / 16:49

Provident Cooper Entertainment Software TCS country Deal TCS bags deal from BBC for finance, payroll management

Tata Consultancy Services (TCS) on Thursday said it has bagged a deal from British Broadcasting Cooperation (BBC) to change their finance, procurement and HR applications management.The company will leverage AI-driven human-machine collaboration suite, TCS Cognix in the multi-year partnership, the company said in a BSE filing.

20.07 / 16:49

UPS Digital Platform Software 500 IndiaMart Q1 profit jumps 78 pc to Rs 83 crore; to buy back shares worth Rs 500 crore

Online B2B marketplace and discovery platform IndiaMart on Thursday reported a 78 per cent rise in its net profit to Rs 83 crore in the April-June quarter, riding on an increased user base that led to higher revenue.The company also announced the buyback of 12,50,000 equity shares worth Rs 500 crore.IndiaMart had reported a net profit of Rs 47 crore in the corresponding quarter a year ago.

20.07 / 14:11

COST Aviat Mobile Software Boeing Tesla SpaceX Reliable Robotics gets FAA approval to test automated aircraft systems

Reliable Robotics, a Silicon Valley startup aiming to automate conventional fixed-wing planes, has received approval from the Federal Aviation Administration to proceed with its plan to test and certify fully automated aircraft systems, the company said on Thursday. «We're three to four years out from being able to remotely operate these aircraft at any kind of reasonable scale,» said Robert Rose, co-founder and chief executive of the Mountain View, California-based company which aims to license its autonomous flight system to other companies.

20.07 / 13:15

Lowe's Target Reuters Microsoft Software Tesla Future elon Elon Musk ready to deepen EV price war as Tesla bets on self-driving future

Elon Musk is making a calculated bet: sacrifice margins now for better ones later when full self-driving software is completely integrated into Tesla cars. It's a plan that could intensify the electric-vehicle price war. Shares of the automaker fell 4% before the bell on Thursday after Musk signaled no end in sight for price cuts that have already sent gross margins to a four-year low.

20.07 / 11:11

Blockchain UPS Ethereum ETH Provident Software Bitcoin BTC20 Price Prediction 2023 - 2030

The self-proclaimed "more versatile version of Bitcoin”, BTC20, has hit the crypto scene. Its presale is currently underway, enabling investors to buy at Bitcoin’s 2011 price of just $1. Despite just launching, the project has experienced tremendous hype so far, with over $300k sold already.

20.07 / 10:51

COST FIVE CEO Action Software Bottomline guidance Infosys Q1 Results: PAT rises 11% YoY to Rs 5,945 cr; firm sharply trims FY24 revenue growth guidance

Infosys on Thursday reported nearly 11% year-on-year (YoY) growth in consolidated net profit for the June quarter to Rs 5,945 crore. The bottomline was lower than the ET Now poll of Rs 6,150 crore. Consolidated revenue for the quarter increased by 10% YoY to Rs 37,933 crore.

20.07 / 09:59

Lowe's Reuters CEO Strategy Software Tesla elon Elon Musk hints at more Tesla price cuts, with autonomy still tricky

Elon Musk's elusive goal of creating self-driving software is driving the Tesla CEO to prioritize sales over profits, a strategy that could deepen a price war — and investor concern. Shares of the automaker fell 3.5% in premarket trading on Thursday after Musk signaled there might not be any let-up in cuts that have already sent gross margins to a four-year low. «The short-term variances in gross margin and profitability really are minor relative to the long-term picture.

20.07 / 09:29

UPS Ford Software country Aboard Britain’s first commercial self-driving bus

Self-driving technology is moving along. Britain’s Centre for Connected and Autonomous Vehicles co-funds over 90 projects. Fusion Processing is working with Asda, a supermarket, on a self-driving lorry that it hopes to test on public roads next year.

20.07 / 08:11

UPS Target Microsoft CEO Software Satya Nadella's payouts surpass $1 Billion amidst 1,000% stock surge; AI investment drives new highs

OpenAI and its ChatGPT has pushed the tech giant's stock to new highs. The move also nudged his total windfall from Microsoft past a threshold of $1 billion, according to Bloomberg News. In an email, Microsoft spokesperson Frank Shaw said that Satya Nadella does not have a net worth of a billion dollars or more. His AI-driven move catapulted Microsoft ahead of competitors like Alphabet Inc.

20.07 / 07:13

UPS Provident Target Action Software shootings Multibagger stock shoots up 12% after Jefferies reiterates ‘Buy’

Newgen Software Technologies jumped over 12% on the NSE in Thursday's session after the global brokerage firm Jeffries reiterated a ‘Buy’ recommendation on the stock. The stock also hit its 52-week high of Rs 807.90. The US-headquartered brokerage has put a price target of Rs 860 per share.

20.07 / 06:13

COST UPS Provident Digital Platform Software Inside 10%-15% reduction in building emissions can be significant for society: Vijay Sankaran, CTO of Johnson Controls

Decarbonisation of buildings is a key imperative to achieve the national net-zero goals, as buildings contribute nearly 40% of global emissions. In a conversation with ET Digital, Vijay Sankaran, vice-president and chief technology officer at Johnson Controls, says climate change is the most urgent challenge of our time and the answer to that lies in systemic digitalisation of buildings as well as using cloud, edge and AI to unite, automate and optimise systems.

20.07 / 05:53

Lowe's Software NIFTY SENSEX index Stock market update: Nifty Auto index falls 0.31% in a weak market

Sona BLW Precision Forgings(up 1.05 per cent), TVS Motor Company(up 0.41 per cent) and Maruti Suzuki(up 0.25 per cent) were among the top gainers. Hero MotoCorp(down 1.17 per cent), Bharat Forge(down 0.86 per cent), MRF(down 0.84 per cent), Bosch(down 0.76 per cent) and Mahindra & Mahindra(down 0.7 per cent) were the top losers on the index.

20.07 / 05:53

UPS Target Booking Software Add Mastek, target price Rs 2300: HDFC Securities

Mastek with a target price of Rs 2300. The current market price of Mastek is Rs 2214.25.

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