Software Financial News

Jarden’s Australian operations recorded a $13.3 million loss for the 15 months to March 31, as expenses weighed on the investment bank, which has hired hundreds of staff since its inception in 2020.

Bengaluru/Mumbai: About eighty minutes into the virtual annual general meeting of Tata Consultancy Services Ltd (TCS) on Friday, Hyderabad resident and company shareholder Praful Chavda asked the question everyone tuning in had been anticipating. “Sir," Chavda started, speaking in Hindi, addressing TCS chairman Natarajan Chandrasekaran, who is also the chairman of parent Tata Sons, one of India’s largest and best-regarded business houses. “There was this news in the media where it was mentioned something was wrong with the recruitment process." Chavda was referring to the bribes-for- jobs scam at TCS, which was first reported by this paper on 23 June.

private equity firm Apax Partners, Shashank Singh, partner in the firm’s and its head of India office, has decided to leave the PE firm, sources aware of the development told ET. Singh will be moving permanently to London, the sources added.

Meta Platforms plans to release a microblogging app called Threads, a new product that is expected to hit the market Thursday, days after Twitter owner Elon Musk announced new strictures that will limit how many posts users see on that platform. Social-media veterans and analysts see the planned app as a formidable competitor for Twitter, which has faced falling revenue and other challenges since Musk took over the company in October. Meta, like other tech giants, has a record of copying features of competitors’ platforms and implementing them into its own services.

  New Delhi: Elon Musk stumped netizens once again with his move to limit the number of posts on microblogging site Twitter which he now owns. On 1 July tweet, he tweeted that unverified accounts and new unverified accounts would be limited to reading 600 posts a day and 300 posts per day, respectively, while verified accounts could read 6,000 posts a day.

The CEO of an automotive-technology company said he is buying a majority stake in Forbes Global Media Holdings in a deal that values the business media outlet at nearly $800 million. Austin Russell—the 28-year-old founder of Luminar Technologies, which makes sensors and software used for safety and autonomous-driving features—said he has agreed to buy an 82% stake in Forbes. His purchase includes the remaining portion of the company owned by its namesake family and brings to a close a lengthy sale process.

EU antitrust regulators will decide by August 7 whether to clear Adobe's $20-billion bid for cloud-based designer platform Figma after a preliminary review, according to a European Commission filing on Monday. Photoshop maker Adobe sought EU approval last Friday.

airport who was allegedly involved in fake input tax credit racket case which caused the government a loss of about ₹176 crore.  The Chennai unit of GST intelligence busted the racket which involved 59 companies passing on Input Tax Credit worth ₹175.88 crore for a taxable value of ₹973.64 crore, a report by India Today has stated. Earlier on 22 June, his accomplice was arrested from Perambur.

Advances in AI technology are contributing to an unprecedented rise in investment fraud.

Finra posted a net loss of $218.1 million last year, primarily as a result of operating and investment losses, the regulator said.

battery swapping policy — that sought to make charging electric vehicles (EV) as quick as refuelling conventional vehicles — have stalled following opposition from the industry over interoperability standards mooted in the draft scheme, said people in the know. Now, a highly 'watered down' version of the scheme is at a final consideration stage with the Prime Minister's Office, said a source aware of the government's plans. This, after multiple delays in finalising the policy due to lobbying from the EV industry to remove certain clauses around interoperability in the scheme. Finance minister Nirmala Sitharaman had first mentioned a battery swapping scheme in her budget speech in February 2022 and a draft policy was soon released by the Niti Aayog in April that year.

Coinbase has said it wants to modernize its direct deposit system using blockchain-based stablecoin settlements instead of the traditional ACH deposits.

NEW DELHI : While market leaders Bharti Airtel Ltd and Reliance Jio Infocomm Ltd have secured 5G spectrum and launched services, Vodafone Idea Ltd (Vi) is yet to do so. However, the lack of 5G has not had any major impact on the enterprise business as most solutions work on 4G, said Arvind Nevatia, chief enterprise business officer at India’s No. 3 telco.

Booming demand for generative artificial intelligence is beginning to drive startup acquisitions in that space, as large technology providers vie for a piece of a suddenly captivating market. But the upswing could also help rekindle merger-and-acquisition business across the startup universe, analysts say.

Nimesh Patel is no longer with Carson Group, less than two years after he was named the firm’s first chief technology officer.

Microsoft after remedy discussions with the company to avert such a move appear to have hit a roadblock, people familiar with the matter said. Microsoft has offered to cut the price of its Office product without its Teams app following a complaint by Salesforce-owned workspace messaging app Slack in 2020 that it had allegedly unfairly integrated workplace chat and video app Teams into its Office product.

JPMorgan’s head of sponsors and co-head of general industrials, Duncan Mann, has been hired by Miles Advisory Partners.

Technology companies are selling for an average of 23.9 times their last 12 months’ revenue in initial public offerings (IPOs), the highest price-to-sales ratio since the tech bubble of 2000, recent research from a University of Florida professor said.

Burritos and bitcoin were what Chipotle Mexican Grill was serving up on National Burrito Day April 1. And no, it wasn't an April Fool’s joke.

Ryan Reynolds, the Hollywood actor known for hits like Deadpool, has splashed out on an array of business ventures across liquor, sports, and telecommunications—and reaped million-dollar returns. The actor has an estimated net worth of $350 million, according to Celebrity Net Worth.Here’s a look at some of the brands and businesses that have helped Reynold make millions.

semiconductor supply chain, claimed a new study by SBI Research titled «The Beginning of a New World Order of Collaborative Knowledge Economies» on Monday. The comments on the back of India securing $825 million for a new chip assembly and test facility in India by American chip maker Micron Technology. “India at present has a negligible share in semiconductor supply chain.