Tech Companies

Lumina Datamatics on Monday said it has signed a definitive agreement to acquire a 100 per cent stake in TNQ Tech, a Chennai-based digital publishing technology company. The acquisition is expected to be completed in two tranches, with 80 per cent stake to be purchased by December 31, 2024, and the remaining 20 per cent by July 31, 2026, company MD and CEO Sameer Kanodia said. "The first tranche will cost Rs 336 crore, with the second tranche's price determined by future EBITDA metrics. "This acquisition will collectively strengthen us to over 6,500 employees globally and establish us amongst the dominant service providers in the world of digital content," he said. Post acquisition, TNQ will become a stepdown subsidiary of Datamatics Global Services, according to a regulatory filing. Lumina Datamatics is a subsidiary of Datamatics Global Services. Kanodia further said the acquisition will enable Mumbai-based Lumina Datatmatics to strengthen its suite of AI-enabled technology and .

Tech giants Google, Meta, Amazon, and Flipkart generated more than Rs 60,000 crore in advertising revenue for FY24, reflecting a 9 per cent increase compared to the previous year

Modern organisations achieve higher revenue growth, greater productivity and success in using generative AI

Huang said that the Indian IT industry is world renowned for its large scale, not just in scale but also in the deep expertise of computer science

The company, whose other products also include mobile speakers and webcams, said revenue grew 6 per cent to $1.12 billion, beating the forecast of $1.10 billion

The company, whose other products also include mobile speakers and webcams, said revenue grew 6 per cent to $1.12 billion, beating the forecast of $1.10 billion

The company's new work policy allows employees to choose their in-office days based on collaborative needs, while retaining the flexibility to work remotely on the remaining days

India also has its share of both large tech companies and large national laboratories, but why is it that these don't seem to be at the forefront of any innovation news headlines?

Companies expanding operations and consolidating facilities, according to CBRE

The company said Tuesday it has started making the large, powerful computers in Pondicherry

These practices, as defined by the report, include excessive data collection, secondary processing without consent, among others

The survey further added that a resounding 86% of users express a desire for granular control over data sharing

TCS will help Primark adopt a more agile and product-based operating model by enabling automation through intelligent automation and DevOps technologies

Communications Minister Fahmi Fadzil said the government was ready to discuss with the AIC and other industry groups

Parekh, 52, will become CFO on Jan. 1 in what Apple described as a planned succession. Maestri, who has been CFO since 2014, will remain at Apple in a reduced position

Tech firms and telecom companies tussle of 6 GHz spectrum allocation, while DoT worries about potential impact on Isro satellite operations

The chipmaker's shares have surged 17 per cent in the past four sessions, adding nearly $424 billion in market value to one of the biggest companies in the world

Peter Bendor-Samuel, CEO, Everest, a research firm, said there was a long curve before GenAI started generating money

The company was on the top of the list in 2022, but had slipped to fifth in 2023

Results from Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Apple Inc. this week signaled that biggest companies in world are still heavily investing in artificial intelligence