Gaming companies are facing a slowdown in demand for video games from pandemic highs. The near-term prospects for Stadia also looked dim as high inflation has caused some consumers to reduce their spending on entertainment.
Several tech companies have been forced to slash headcount in recent months as advertisers trim spending to prepare for a looming recession.
The spike in revenue mainly came from the company’s acquisition of a majority stake in e-pharmacy startup 1mg, and Supermarket Grocery Supplies Pvt Ltd, the parent company of e-grocer BigBasket.
"Following the thorough examination of this preliminary and non-binding mark of interest, and upon the recommendation of its ad hoc committee, the board of directors has convened and unanimously concluded that it is not in the interest of the company and its stakeholders," said Atos.
"93 per cent of leaders in India say getting employees back to the office in-person is a concern. The report finds that people are more likely to come in for each other than any other reason. 80 per cent of employees in India say they need a better reason to go into the office besides company expectations," the report said.
The development comes amid a larger group consolidation strategy led by its principal investment holding company, Tata Sons, which has been merging similar businesses housed in various Tata group companies to tap synergies, cut costs and focus on building scale and competitive edge.
Walker’s remark during an exclusive interview comes amid reports that suggest that the Teaneck, New Jersey-based company may be slipping on the large-deals front. "There's a narrative, and there are some facts," he said.
Facebook India, the Indian subsidiary of US-based Facebook Inc (now known as Meta Platforms), argued that the CCI has clubbed it in its ongoing investigation against Facebook Inc and WhatsApp even though it has not formed any prima facie opinion against it.
Under this project, American Express and Nasscom Foundation are working with two training partners - FUEL (Friends Union for Energizing Lives) and RCED (Regional Centre for Entrepreneurship) to impart women with technology-based skill development and entrepreneurship training.
Apple has informed its suppliers about cutting back the assembly of as many as 6 million iPhone 14 variants in the year's second half.
Anshul Prakash, partner, employment labour & benefits at Khaitan & Co, said the number of companies that have reached out to them in the last two-three months runs into double digits.
Walmart operates more than 400 stores in Canada and claims to be one of the largest online retailers and fastest growing marketplace platforms in the country.
Ecommerce companies contributed to a mere 4% of total warehousing leasing in the first half of 2022, down from 23% in the first half of last year, data from property consultancy firm Colliers shows.
The draft will become a law after the Tamil Nadu Governor signs it in deference to the Cabinet's decision. The government will then notify the date on which it will take effect.
Amazon's retail business had slowed down in recent months. And the shopping bonanza signals a recognition that it needs to provide more deals to inflation-hit consumers in what's expected to be a challenging holiday shopping season for retailers.
TerraUSD, also known as "stablecoin," and its digital coin counterpart, Luna, traded in the 10 cent-range and nearly at zero, respectively, registering more than 99.99 percent falls from their highs and wiping out nearly $40 billion of investors' money in a week.
As telcos in India gear up to launch 5G services, it will not only give us faster communication networks but will have a cascading impact on multiple other sectors which need fast, low latency, reliable networks to function. This will in turn lead to a surge in demand for skilled talent.
A series of questions ranging from slashing budgets when Google has seen record profits to Pichai’s commentary on improved productivity were flung at him during the meet, some of which did not amuse the global tech giant’s CEO.
Last year in December, the GST authorities had conducted a search on the premises of the company and attached its property and bank accounts, alleging a tax evasion to the tune of Rs 460 crore.
Earlier this month, Apple Inc unveiled its latest iPhone series - the iPhone 14 models - with an improved camera, powerful sensors and satellite messaging feature to send SOS texts in emergencies. The new lineup has four models: iPhone 14, Plus, Pro and ProMax.
Mozilla, the developer of Firefox Internet browser, has hit out at the trinity of Apple, Google and Microsoft, saying their operating systems make it very difficult for browsers like open source Firefox to be used on the platforms they control.
"Around mid-year, we did some kind of specific reorganisations, but I know other companies have been doing mass layoffs, so we don't see ourselves in that category," Hungate, 56, told Reuters in his first interview since joining Singapore-based Grab Holdings Ltd in January.
Global cellular Internet of Things (IoT) module shipments grew 20% (year-over-year) in Q2 2022.
The company said that it has received orders from deep corners of the country such as Jamnagar, Alappuzha, Chhindwara, Davengere, Hassan, Gopalganj, Guwahati, Siwan, Thanjavur and Ambikapur."With a wide assortment of around 6.5 crore active product listings at lowest prices, the sale exemplifies Meesho's mission towards democratising e-commerce for everyone," it said.
Musk said on Monday that the company wanted to provide Starlink satellite broadband service - already provided to Ukraine for its fight against Russia's invasion - to Iranians, and would ask for a sanctions exception.
“We are more focussed on increasing the base which makes the sellers successful. So for us, the benchmark of success for a Great India Festival is about new customers, more Prime customers and number of sellers who are successful. The first 24 hours look very promising on all three trends.”
The payment made on Thursday was for a stake of about 38% owned by Blackstone in the learning center chain that Byju's acquired in April 2021.
On Wednesday the Centre announced a fresh structure of incentives under its Rs 76,000-crore semiconductor manufacturing scheme offering to bear half the project cost across proposals from semiconductor factories, display panel plants, compound semiconductor proposals, and even assembly and packaging units.
IT Rajeev Chandrasekhar said on Friday, that the move by IT companies that try to prevent employees from working on their own startups or consulting for other firms “is a doomed-to-fail exercise.“
Twitter is also requesting from Musk's legal team communications sent or received by from December 1, 2021 through August 22, 2022 that relate to Zatko or his July 6 complaint, including any of the allegations contained therein.
This came after Mumbai police found app developers and fintech companies that had floated instant loan apps with Chinese links, had allegedly used a series of loopholes in its app store. According to sources, the city police recently chaired a meeting with representatives of Google India and asked them to tighten their systems to keep Chinese-linked instant loan apps at bay.
According to IT industry lobby group Nasscom, IT companies in India employ about 5 million people.
The user reports were as high as 24,000 earlier, said Downdetector, which tracks outages by collating status reports from a number of sources including user-submitted errors on its platform.
These measures will include initiatives like digital university, dual certification and degrees which are all aimed at upskilling and reskilling the available talent pool.
The new council will function as a permanent sub-committee under the aegis of IVCA Executive Committee.
LinkedIn has 850 million users. The Microsoft-owned site doesn’t break out daily active users, but even a minority of that user base is comparable to traditional social networks like Snap (347 million) or Twitter (238 million).
Google updated the policy on September 5. Apps that have failed to comply–the deadline was September 19–will be deleted from the PlayStore.
Anand will lead Wipro’s business expansion in Japan and will also partner with clients to help them achieve their growth ambitions by leveraging Wipro’s capabilities across experience, Data, analytics & insights, engineering edge, cloud services, cybersecurity, core business transformation, and managed services, according to an exchange filing.
Twitter has rolled out a feature to help blind and visually-impaired people read images embedded with the tweets via its new image description reminder.
CityMall, which is backed by investors like Accel, Elevation Capital and General Catalyst, raised $75 million in March. Three months later, the company fired about 191 employees to adapt to the changing macroeconomic environment.
This follows a formal request from digital payments firm PhonePe to defer the January 2023 deadline by at least three years, they said. Google Pay has also had consultations with NPCI regarding an extension, a person briefed on the matter said.
Tech billionaire Elon Musk on Monday announced that Starlink, the satellite Internet division of his rocket company, is now active on all the continents, including Antarctica.
Samsung and Intel have been locked in a fierce rivalry for many years. In 2017, Samsung surpassed Intel as the world's biggest chipmaker by revenue for the first time, and it maintained the spot for two years in a row. Intel overtook Samsung in 2019 and remained at the top until 2020, before it was beaten by Samsung again last year.
ET reported on July 29 that the company had held internal competition to increase sales by allocating different regions to key executives within Ola.
Despite the proliferation of social media profiles, cos still employ time-tested methods to gauge the employability of a candidate.
CCI is in the process of setting up a Digital Markets and Data Unit (DMDU) as a centre of expertise for digital markets to engage with stakeholders, provide inputs on policy issues and support data analytics.
In January, the Justice Department entered the case by filing a brief. Antitrust officials said they did not support either side in the disputes at hand but were concerned that the lower court's ruling had improperly interpreted the Sherman Act, the country's primary antitrust law. On Friday, US officials asked for 10 minutes of argument time.
The association on Friday said it disagreed with forcing private companies to give equal treatment to all viewpoints. "'God Bless America' and 'Death to America' are both viewpoints, and it is unwise and unconstitutional for the state of Texas to compel a private business to treat those the same," it said in a statement.
“Moonlighting can be a great way to improve skills one doesn’t get the time to practice during their full-time job,” said Swati Bhargava, cofounder of CashKaro and EarnKaro.
The company said that as many as 91% of the eligible employees have already enrolled in the new system, Flex Comp.