Software Financial News
15.07 / 10:55
Provident
Microsoft
Fighting
Software
Windows 11 update: Microsoft's new OS upgrade to come with AI-based personal assistant
Microsoft is set to release a major update for Windows 11, named 23H2, in the fourth quarter of 2023. While the exact features are yet to be unveiled, beta testing for the Operating System (OS) indicates exciting possibilities.The Verge has reported that among the unreleased features is Windows Copilot, which utilises the GPT generative AI tech for an OS-wide personal assistant. Users can already test this new feature. Another anticipated addition is the next File Explorer, featuring tabs, favourites, and a modernised appearance. Further, gamers can rejoice as native RGB lighting settings will arrive, eliminating the need for hardware-specific software. The update will also bring built-in support for RAR and 7-zip compressed files and introduce a dark mode for Paint. The upgrade process to the new OS involves downloading the 23H2 update to systems already running the current version, 22H2. However, the new features will remain dormant until Microsoft is ready for the official release.
15.07 / 10:47
Twitter
Software
Dreams
letter
IIT grad uses AI to write cover letter, move falls flat after code fails to work
IIT graduate — identified only by his first name, Akhil — went viral on Twitter after one user shared a screenshot of a cover sent by him to potential employers. In the letter, Akhil had showcased his job skills, experience, and made the case for himself to secure his dream job. However, the mass e-mail hit a snag, as the software engineer left in a small bit of code that didn't achieve its desired goal.
15.07 / 06:19
BLOCK
Microsoft
Software
Sony
Nintendo
Xbox
Takeover
Activision
Microsoft moves closer to completing $69 billion Activision takeover after court rebuffs regulators
regulators to block Microsoft from closing its $68.7 billion deal to buy video game maker Activision Blizzard, paving the way for the completion of the biggest acquisition in tech history after a legal battle over whether it will undermine competition. In a brief ruling, a three-judge panel on the 9th U.S. Circuit Court of Appeals concluded there were no grounds for issuing an order that would have prevented Microsoft from completing its nearly 18-month-old deal to take over the maker of popular video games such as Call of Duty.
15.07 / 05:25
Digital
Cooper
Aviat
Fighting
Software
MER
Cooperation
India, France agree to enhance cooperation in strategic areas, space, science, sustainable development
ANI): India and France have agreed to enhance cooperation in strategic areas, space, science, sustainable development, and cooperation at the institutional level. Various agreements were made between the two countries during Prime Minister Narendra Modi's two-day visit to France from July 13-14 to attend the Bastille Day celebrations.
15.07 / 04:27
UPS
Google
Apple
Software
iPhone 15
Apple's iPhone 15 could bring personalized health and mood monitoring with AI integration, suggests leaks
iPhone 15 could mark Apple's foray into the realm of artificial intelligence (AI). While the iPhone's hardware capabilities are impressive, software advancements have the potential to overcome certain physical limitations. Ives has indicated that Apple intends to leverage AI within the Health app on the iPhone 15. By harnessing the vast amount of user-collected data, encompassing metrics such as heart rate, breathing patterns, mood, activity levels, and sleep patterns, AI could revolutionize the Health app.
15.07 / 04:27
Twitter
Microsoft
Google
Software
Tesla
elon
Elon Musk says xAI will examine universe, work with Twitter and Tesla
Elon Musk on Friday said the purpose of his new artificial intelligence company, xAI, will be to «understand the universe.» In an often meandering 90-minute long Twitter Spaces audio chat, the billionaire discussed his vision for xAI for the first time while veering into topics such as the Earth's evolution and the fragility of civilization. In seeking to deepen the understanding of the universe, Musk joked that xAI's mission statement would be «what the hell is really going on?» Musk announced the formation of xAI on Wednesday after accusing companies like OpenAI and Google of developing the technology without considering risks to humans. OpenAI and Google did not respond to request for comment.
15.07 / 03:47
UPS
Lowe's
Target
Strategy
Software
analysts
Wipro's muted first quarter, cautious outlook see analysts trim targets
Wipro and expect up to 20% downside in its stock price after India's fourth-largest software exporter reported softer deal wins and sharp deceleration in revenue growth versus peers at the end of first quarter. Analysts painted a cautious growth outlook and believed the company is unlikely to see margin improvement, prompting downward revision in earnings estimates. «We cut our FY24e and FY25e EPS by 3.5% and 4.9% to factor in weaker FY24 growth,» said Motilal Oswal in a client note.
15.07 / 02:35
Twitter
Microsoft
Google
Software
Tesla
elon
Elon Musk says new company xAI will examine universe, work with Twitter and Tesla
xAI, will be to "understand the universe." In an often meandering 90-minute long Twitter Spaces audio chat, the billionaire discussed his vision for xAI for the first time while veering into topics such as the Earth's evolution and the fragility of civilization. In seeking to deepen the understanding of the universe, Musk joked that xAI's mission statement would be "what the hell is really going on?" Musk announced the formation of xAI on Wednesday after accusing companies like OpenAI and Google of developing the technology without considering risks to humans. OpenAI and Google did not respond to request for comment.
15.07 / 01:33
UPS
Lowe's
CEO
Software
TCS
Slow tech spends hit IT staff’s wallets
India's third-largest IT firm HCLTech told ET that senior employees will not get annual increments for this fiscal year while hikes will be deferred by a quarter for other staff.Also read | HCL Tech Q1 Results: Profit rises 8% YoY to Rs 3,534 crore, misses estimatesWipro has also delayed annual hikes by a quarter. The company has been facing margin pressure and widespread underperformance, especially of its banking financial services and technology vertical.Also read | TCS Q1 Results: Profit rises 17% YoY to Rs 11,074 crore, beats estimates; revenue up 13% India’s largest software exporter Tata Consultancy Services was the only company to have rolled out annual hikes in the first quarter itself, leading to a large margin setback of 200 basis points from increments.Hiring in negative territory The Tata Group firm however has been delaying the onboarding of lateral hires, typically in the 3-10 years’ experience range.
14.07 / 16:29
Blockchain
BLOCK
Binance
Action
Software
Improved Security Measures Await BNB Chain Users in July Hard Fork
The BNB Beacon Chain, the Binance blockchain ecosystem, is expected to undergo a scheduled hard fork upgrade on 19th July at 6:00 UTC, with enhanced security features for users.
14.07 / 15:41
Provident
Amazon
Mobile
Software
Samsung
Xiaomi
Discounts
Amazon Prime Day Sale 2023: Get Discounts, Deals on Tablets from Your Favourite Brands
Get ready to seize the incredible deals during the upcoming Amazon Sale 2023 on tablets from your favourite brands. Don't miss out on the details provided below for each product, so that you can make an informed decision based on your tablet requirements.
14.07 / 12:15
Lowe's
Aware
Career
Software
LinkedIn
Pros and cons of returning to your old job
First off, it is not unusual. In fact, there is a term for such employees: “boomerang”. A majority of employers have in the last few years become open to the idea of hiring boomerang employees. According to a report by LinkedIn, these employees “amounted to 4.3% of all job switches” in 2021. So, you can undoubtedly consider joining the boomerang bandwagon. Now, the question is will the organisation welcome you back with open arms? It depends on how you left your job. Did you gracefully exit or did you leave your job abruptly on a bitter note? If the equation between you and the organisation and the people there is fine, sure, you can approach your previous bosses more easily. Having said that, before you knock on their doors, there are a few pros and cons of returning to your previous job.
14.07 / 10:57
UPS
Provident
Software
Discover
Commerzbank
Shell
Charles Schwab announces TD Ameritrade data breach
Charles Schwab Corporation, the parent company of TD Ameritrade, Inc.,has disclosed that it is just the latest company to suffer a data breach resulting from vulnerabilities found in MOVEit file transfer software. While the company claims that the computer systems of both companies remains unharmed, customer data stored on Ameritrade’s MOVEit server was compromised.
14.07 / 10:33
Waves
Software
Dreams
Odyssey
Destiny
Moon
Chandrayaan-3 soars to moon; applause, cheers sweep through ISRO: Watch video
Chandrayaan-3 launch cheered outside the mission control center and waved the national flag as they watched the Chandrayaan-3 spacecraft rise into the sky, as applause and cheers swept through the mission centre and the ISRO. Chandrayaan-3 took off at 14:35 pm with an orbiter, a lander and a rover. The spacecraft is set to embark on a journey lasting slightly over a month before landing on the moon’s surface later in August.
14.07 / 09:39
Lowe's
Gap
Software
NIFTY
TCS
share price
week
Tech Mahindra share price touches new 52-week high, rises over 4%; here's why
Nifty 50 index's top contributor. According to technical analysts, the stock has already given a multi-month breakout and today there is a strong price traction. In the near term analysts expect information technology (IT) pack to finally come of slumber phase and show strong outperformance, where Tech Mahindra shares is likely to lead from the front.
14.07 / 06:23
UPS
Gap
Software
Power
GMR Power shares spike 20% on government order for 75 lakh smart meters
₹24.14 apiece on BSE. Purvanchal Vidyut Vitran Nigam Ltd and Dakshinanchal Vidyut Vitran Nigam Ltd have offered letters of intent (LOI) to the stepdown subsidiary of GMR Power and Urban Infra to implement smart metering projects in the Uttar Pradesh regions of Purvanchal (Varanasi, Azamgarh zone, and Prayagraj, Mirzapur), and Dakshinanchal (Agra and Aligarh zone). In the designated area, GSEDPL will install, integrate, and manage 75.69 lakh smart metres.
14.07 / 06:13
14.07 / 05:59
UPS
Target
Software
Buy Tech Mahindra, target price Rs 1192 : ICICI Direct
Tech Mahindra, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 116357.05 Crore) operating in IT Software sector. Tech Mahindra key Products/Revenue Segments include Software Services for the year ending 31-Mar-2022.Financials For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 14023.70 Crore, up .30 % from last quarter Total Income of Rs 13981.70 Crore and up 12.77 % from last year same quarter Total Income of Rs 12436.08 Crore.
14.07 / 01:27
FIVE
Aware
Software
NARCL's federal guarantee comes through after delay
government has finally renewed its federal guarantee to National Asset Reconstruction Company (NARCL), making it easier for the entity to acquire bad loans from lenders. The approval of the guarantee, which had expired last fiscal, means state-backed NARCL can finally take over bad debt from banks, starting with Delhi-based engineering, procurement and construction (EPC) company SPML Infrastructure. This deal could be signed as early as next week, people familiar with the process said.
14.07 / 01:05
COST
UPS
Lowe's
Booking
Software
Wipro’s Q1 net profit up 12% to Rs 2,870 crore, misses estimates
Wipro on Thursday reported quarter-on-quarter fall in its net profit and revenue for the first quarter ended June amidst weak performances by key verticals like financial services and communications with clients postponing discretionary spending in the short term. India’s fourth-largest software company expects revenue in the ongoing fiscal quarter to be between a sequential fall of 2% and a growth of 1% in constant currency, or without forex fluctuations. For the April-June quarter, Wipro’s net profit stood at Rs 2,870 crore, up 12% compared with Rs 2,564 crore a year earlier, but down 6.7% sequentially.
14.07 / 01:05
COST
UPS
Booking
Manufacturing
CEO
Software
Deal
Strong deal pipeline will translate into revenues: HCL Tech CEO C Vijaykumar
C Vijayakumar, CEO and managing director of HCLTech, said after the $12.6-billion company missed profit and revenue estimates for the first quarter of 2023-24 due to weakness in ER&D and telecom spends. Yet, India’s third largest software company has maintained its revenue growth guidance of 6-8% and 18-19% operation margin for the fiscal year. The company is confident about converting its existing deals pipeline into strong revenue growth over the next few quarters and sees an increasing number of cost optimisation opportunities balancing out the lack of discretionary projects in the market, Vijayakumar told ET’s Romita Majumdar, Sai Ishwarbharath andSurabhi Agarwal in an interview.
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