Tech Sector

With a capacity of 4.3 gigawatt (Gw) each for cells and modules, the plant is designed with many open spaces available for future expansion

Indian Tech sector witnessed deals worth USD 635 million in July-September period of 2024, registering a 31 per cent increase in value year-on-year, a recent report has revealed. Consultancy firm Grant Thorton Bharat's Q3 Dealtracker report for the tech sector said the quarter witnessed the highest deal volumes since Q2 2023 but the lowest for the year 2024, reflecting more strategic investments rather than large-scale acquisitions. Grant Thornton Bharat Partner Raja Lahiri said the recent interest rate cut by the US Fed, coupled with India's post-election stability, has infused new momentum into the deal landscape, with notable value and volume growth. "With the elections behind in India, we saw an increase in deal activity both in terms of volume and value compared to the previous quarter. "Q3 2024 witnessed 79 deals valued at USD 635 million, representing a 5 per cent increase in volumes and a 31 per cent increase in values," he said. Out of the total deals, 12 were valued at a

Modi to address UN General Assembly, meet with tech CEOs

This has been accentuated by the need for culture assimilation for the large size of hiring undertaken during the pandemic, say HR executives at the Business Standard's BSmart HR Conclave

Inventurus Knowledge Solutions Ltd, which provides healthcare support services, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The company's IPO is entirely an Offer For Sale (OFS) of up to 2.82 crore equity shares by promoters and individual shareholders, with no fresh issue component, according to the Draft Red Herring Prospectus (DRHP). Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and the entire fund will go to shareholders. The company, which is backed by Rekha Jhunjhunwala and RARE Enterprises, in its draft papers filed on Monday, said that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges. Additionally, the company anticipates that listing the equity shares will boost its visibility and brand image, provide liquidity to its shareholders, and establish a public market for the equity ...

The company's Xbox video-gaming unit posted 61 per cent growth in content and services revenue, much of that fueled by the $69 billion purchase of Activision Blizzard, which was completed in October

The company's revenue beat Bloomberg estimates, but missed on the net profit level

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

Number of job cuts in tech sector has crossed 100,000 with major companies like Google and Toshiba also handing out pink slips

Industry association wants levels for safe harbour provisions raised to enable greater participation

Tech economy 'enjoys strong growth' due to digitisation push by central and state governments, it says

In order to speed up the entire process, the idea is to partner with a variety of private institutions so that we are able to work with the private sector in making this capacity available quickly

GCCs are offshore centres that handle a variety of operations like tech, customer service, finance and product development, among other things to support the parent company

Lam Research Corporation on Wednesday announced its plans to expand its global semiconductor fabrication equipment supply chain to include India. The company said it is assessing capabilities across various supply chain segments and is exploring India-based suppliers who can collaborate to fulfil the need for precision components, custom parts, high purity gas delivery systems and other assemblies that go into cutting-edge semiconductor wafer fabrication equipment. The global semiconductor industry is expected to grow to 1 US dollar trillion in annual revenue by the end of this decade, according to experts," the NASDAQ-listed global semiconductor manufacturing equipment maker said in a statement. As demand for semiconductors increases, there is an even greater need for collaboration and global engagement of expertise, intellectual property, materials, and talent, it said, adding, Lam has been operating in India for more than 20 years, benefiting from its prime location close to ...

This came after the company delivered a strong show in its January-March quarter results of financial year 2023-24 (Q4FY24) on Wednesday

The report focuses on investment activity across seed and pre-Series A stages, by analysing market information, along with a survey conducted with 22 leading institutional early-stage investors

AI can be used in a variety of functions: From HR management to sales and coding. Senior executives say companies must continuously train employees in the technology and keep them skilled

The money being thrown at technology to support artificial intelligence is also a reminder of spending patterns of the dot-com boom of the 1990s

The layoffs come during a period of sluggish hiring across the tech sector

Poor management, lack of training and want for better compensation are the main reasons they want to leave their organisations