Meta’s AR-VR market leadership bid costs billions

[ad_1] In its latest quarterly results, the division of Mark Zuckerberg's company focused on AR/VR, known as Reality Labs, sustained ongoing losses. Published Date - 27 April 2024, 10:58 AM   New Delhi: As Meta (formerly Facebook) continues to bet...

Pune court asks police to probe bribery allegations against IT major Cognizant

[ad_1] The sessions court here has directed the Anti-Corruption Bureau (ACB) of Maharashtra Police to investigate allegations against IT major Cognizant Technologies that it paid a bribe through a contractor to local government officials to secure necessary permits and environmental...

HCLTech Q4 FY24 net profit flat at ₹3,986 crore

[ad_1] HCL Technologies (HCLTech) on Friday reported a consolidated net profit of ₹3,986 crore for the fourth quarter that ended on March 31, a marginal growth year-on-year (y-o-y) as compared with ₹3,983 crore in FY23. Consolidated revenue for the quarter...

UST acquires Strativity Group, strengthens presence in Australian market

[ad_1] Digital transformation solutions company UST has acquired Strativity Group, an Australian boutique strategy consultancy specialising in customer-centric transformations. Strativity delivers customer experience strategy, design, innovation, change management, and operating models to create competitive advantage and tangible value creation, a...

Mphasis reports 2.9% y-o-y profit decline at 393.22 cr

[ad_1] IT firm Mphasis recorded a 2.9 per cent year-on-year (y-o-y) net profit decline at ₹393.22 crore for the fourth quarter. On a sequential basis, profits rose by 5.2 per cent. Revenue from operations stood at ₹3,412 crore, a 1.5...

Cyient Q4 PAT up by 9% at ₹173 cr

[ad_1] Engineering and technology solutions company, Cyient has posted a net profit of ₹173 crore, showing a growth of 9.1 per cent year-on-year. It registered a revenue of ₹1,489 crore, reporting a growth of 2.8 per cent y-o-y.For the financial...

IT sector expects fresher hiring surge in FY25 with deal growth, attrition decline

[ad_1] The IT sector in India, after a complete fiscal of low-to-no freshers and entry-level hiring, will see fresher hiring pick up in FY25. As the deal pipeline swells, attrition comes down, and utilisation levels peak amid a tough demand...

Koo stops salary payments from April amid strategic partner discussions

[ad_1] Microblogging start-up Koo has stopped alary payments to all its employees from April as the company is going through a cash crunch situation. The microblogging startup was touted as a direct competitor for X, formerly known as Twitter.Some of...

Telecom players write to government again to address revenue sharing model with OTT providers

[ad_1] Cellular Operators Association of India (COAI), which represents telecom operators such as Bharti Airtel, Reliance Jio and Vodafone Idea, has written to the government on concerns regarding vital requirement for contribution by stakeholders towards addressing rising data traffic and...

Endimension Technology raises ₹6 crore in Pre-Series A round led by Inflection Point Ventures

[ad_1] Endimension Technology, a healthcare AI startup, has raised ₹6 crore in a Pre-Series A round led by Inflection Point Ventures. Sucseed Indovation and SINE IIT Bombay also invested in this round. The funds will be utilised for AI research...
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